Market review, December 5, 2019

2019-05-12 12:14:43

The Ministry of the Interior of the Russian Federation has announced that the legal mechanism for the seizure of cryptocurrencies, which the agency and several other government agencies were working on, would be submitted before the end of 2021.

Let us recall that for the first time, it became known about the development of the mechanism in Russia in early November. It was noted then that the number of crimes with the use of cryptocurrencies was steadily growing, so it was necessary to develop an appropriate mechanism for their confiscation by a court decision.

Technical analysis of Bitcoin (BTC):

Over the past day, the price of bitcoin rose to the resistance level of $7,670, then it fell to the support level of $7,100. Now, the price of bitcoin is $7,370 and has every chance of growing. The nearest resistance levels are $7,400, $7,670, $7,800, $7,900. The nearest support levels are $7,250, $7,160, $7,100, $6,800, $6,500.

Technical analysis of Ethereum (ETH):

Over the past day, the price of ethereum rose to the resistance level of $152, then it fell to the support level of $143. Now, the price of ethereum is $147. More than likely, it will rise even higher. The nearest resistance levels are $150, $152, $155, $157, $162. The nearest support levels are $146, $147, $145, $143, $141, $139, $137, $132.

Technical analysis of Ripple (XRP):

Over the past day, the price of ripple rose to the resistance level of $0.2250, then it fell to the support level of $0.2120. Now, the price of ripple is $0.2160. More than likely, it will rise even higher. The nearest resistance levels are $0.2170, $0.22, $0.2240, $0.2265, $0.23, $0.2320, $0.2380. The nearest support levels are $0.2140, $0.2090, $0.2040, $0.20.

Posted: 5.12.2019 | 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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