Market review, December 20, 2019

2019-20-12 12:11:50

The cryptocurrency exchange Coinbase got a patent on a solution that allows sending Bitcoin via email tied to hot wallets.
Coinbase CEO Brian Armstrong filed a patent application in 2015.
To send cryptocurrency, according to the description, the sender makes a request indicating the recipient’s email address and transaction amount. For security reasons, notifications are sent to both parties of the transaction, and the system transfers the bitcoins to the recipient’s wallet within 48 hours. The administrator can block suspicious transactions. The solution also includes the ability to buy and sell bitcoins for fiat through the exchange application.
Coinbase previously patented a platform that automatically closes unwanted user accounts.

Technical analysis of Bitcoin (BTC):

Over the past day, the price of bitcoin was in the flat between $7,000- $7,200. Now, it is $7,100. We expect that bitcoin will leave this narrow price channel. The nearest resistance levels are $7,160, $7,250, $7,400, $7,500. The nearest support levels are $7,000, $6,850, $6,400, $6,200, $6,000.

Technical analysis of Ethereum (ETH):

Over the past day, the price of ethereum was in the flat between $125-$129. Now, it is $127. We expect that ethereum will leave this narrow price channel. The nearest resistance levels are $129, $132, $138, $141, $143, $145, $146, $147, $150. The nearest support levels are $125, $120, $116.

Technical analysis of Ripple (XRP):

Over the past day, the price of ripple was in the flat between $0.1850-$0.20. Now, it is $0.1960. We expect that ripple will break through the resistance level of $0.20 and continue its growth. The nearest resistance levels are $0.20, $0.2040, $0.21. The nearest support levels are $0.19, $0.1850, $0.18, $0.1870, $0.1750, $0.16.

Posted: 20.12.2019 | Korolowa Helena
Disclaimer. This review is only for information purposes and cannot be considered as a proposal or an indication to perform certain transactions in the financial and commodity markets. The estimates and recommendations in the review are the personal opinion of the company's analysts. The company's view on the prospects for individual financial instruments is valid as of the date of the report. The Company does not assume any liability and liabilities for compensation for damage that may result from the use of this report.
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