Market review, April 6, 2020

2020-06-04 11:36:47

Emerge plans to use blockchain to combat the coronavirus epidemic in Latin America.

A blockchain application called Civitas should help coordinate the actions of local authorities in different countries. According to the company, it “was created to increase security and speed up all processes, as well as reduce the possibility of infection.”

Identification numbers of citizens will be compared with entries in the register, which will allow local authorities to quickly determine whether a citizen can leave home. Also, the application will determine the safest time to go shopping for people with coronavirus symptoms.

So, about a third of the population of Honduras is in quarantine, and people who violate the regime may face fines. The Civitas app will allow doctors in the country to monitor the symptoms of the disease and provide all necessary instructions to citizens.

Recently it was reported that, according to the Bank for International Settlements (BIS), the COVID-19 coronavirus pandemic will accelerate the widespread adoption of state-owned cryptocurrencies from central banks.

Technical analysis of Bitcoin (BTC):

Market review, April 6, 2020

Over the past weekend, the price of bitcoin rose to the resistance level of $7,170. Now, it is $7,120. In the future, we predict an uptrend. The nearest resistance levels are $7,170, $7,300, $7,660, $8,000, $8,020, $8,140. The nearest support levels are $7,000, $6,700, $6,300, $6,000, $5,780, $5,450, $5,000, $4,840, $4,440.

Technical analysis of Ethereum (ETH):

Market review, April 6, 2020

Over the past weekend, the price of ethereum rose to the resistance level of $155. Now, the price of ethereum is $154. In the future, we predict an uptrend. The nearest resistance levels are $155, $150, $152, $161, $170. The nearest support levels are $150, $142, $140, $137, $133, $130, $127, $120, $115.

Technical analysis of Ripple (XRP):

Market review, April 6, 2020

Over the past weekend, the price of ripple rose to the resistance level of $0.19. Now, the price of ripple is $0.180. In the future, we predict an increase in the price of ripple. The nearest resistance levels are $0.19, $0.1980, $0.2050. The nearest support levels are $0.1850, $0.1770, $0.1750, $0.1680, $0.1570, $0.1520, $0.1420, $0.1370.

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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