Market review, March 25, 2020

2020-25-03 10:15:51

The British startup Revolut said that their application for banking and operations with cryptocurrencies and stocks is now available in the United States.

The company’s blog reports that the Revolut app has been in beta in the U.S. since June 2019. Now, American users will be able to send, receive and spend money, thanks to a partnership with the New York Metropolitan Commercial Bank.

Also, using the application you can control costs and plan budgets. To date, the client base of the platform has reached 10 million users. In the future, Revolut plans to offer users uncommissioned trading in stocks and cryptocurrencies, competing with the popular in the US Robinhood application.

Let us recall that in February, Revolut raised $500 million, and the company’s capitalization reached $5.5 billion.

Technical analysis of Bitcoin (BTC):

Over the past day, the price of bitcoin rose to the resistance level of $6,985. Now, the price of bitcoin is $6,900. In the future, we predict the continuation of the uptrend. The nearest resistance levels are $7,100, $7,300, $7,660, $8,000, $8,020, $8,140. The nearest support levels are $6,850, $6,400, $6,250, $6,000, $5,780, $5,450, $5,000, $4,840, $4,440, $3,900, $3,700.

Technical analysis of Ethereum (ETH):

Over the past day, the price of ethereum rose again to the resistance level of $143. Now, the price of ethereum is $141. In the future, we predict the continuation of the uptrend. The nearest resistance levels are $143, $152, $161, $170. The nearest support levels are $135, $127, $120, $115, $110, $99, $88.

Technical analysis of Ripple (XRP):

Over the past day, the price of ripple grew to the resistance level of $0.1660. Now, it is $0.1650. In the future, we predict the continuation of the uptrend. The nearest resistance levels are $0.1750, $0.1850, $0.1980, $0.2050. The nearest support levels are $0,1640, $0,16, $0,1520, $0,1420, $0,1370, $0,1280, $0,1140, $0,1050.

Posted: 25.03.2020 | Dawid Siłowacki
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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