Market review, November 4, 2019

2019-04-11 12:41:33

Blockchain startup Radar announced the launch of the DEPLOY solution, which will allow developers to easily and quickly launch their Bitcoin and Ethereum network nodes.

According to the company, any blockchain-based service — wallet, decentralized financing application, or an entire exchange — can be created using DEPLOY.

After talking with blockchain developers, the company realized that they needed a tool to monitor, quickly deploy, and manage network nodes. In this case, the tool should be quite convenient and customizable.

“Talented teams creating blockchain-based applications are often distracted by managing network nodes. It isn’t working. These teams are struggling. Customers are suffering. Developers need a safe and simple way to spin up and manage infrastructure,” Radar CEO, Alan Curtis, noted.

Earlier, the startup Radar launched a decentralized Ethereum-based exchange, as well as an app store based on the Lightning Network.

Technical analysis of Bitcoin (BTC):

Market review, November 4, 2019

Over the past weekend, the price of bitcoin rose to $9,380. This price movement coincided with our forecast. After such a price movement, bitcoin rolled back to the support level of $9,100. Now, its price is $9,240. We expect the continuation of the upward movement. The nearest resistance levels are $9,300, $9,570, $9,700. The nearest support levels are $9,200, $8,960, $8,700, $8,500.

Technical analysis of Ethereum (ETH):

Market review, November 4, 2019

Over the past weekend, the price of ethereum rose to the support level of $185. This price movement coincided with our forecast. After such an increase, ethereum rolled back to the support level of $178. Now, its price is $185. In the future, we expect the continuation of the upward trend. The nearest resistance levels are $185, $192, $197, $200. The nearest support levels are $181, $178, $173.

Technical analysis of Ripple (XRP):

Market review, November 4, 2019

Over the past weekend, the price of ripple rose to $0.2980. This movement coincided with our forecast. After that, the price slipped down to the support level of $0.29. Now, it is $0.2940. In the future, we expect the continuation of the uptrend. The nearest resistance levels are $0.30, $0.31, $0.3160. The nearest support levels are $0.2940, $0.2910, $0.2850.

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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