Daily market review for 30.07.2018

5
2018-07-30 12:36:19

The second part of the World Blockchain Roadshow (WBRShow), a blockchain tour organized with the support of IDACB and FGBU “Coordination Center of the Intergovernmental Commission for Cooperation in Computing Technology”, is held in Hong Kong on July 30. More than 200 investors and ICO projects from around the world take part in the event.

Members of Forbes, Broctagon Fintech Group, Oceanwide Securities Company Limited and other large companies are among the invited guests of WBRShow.

Two pitch sessions, at which the teams will demonstrate their ICO, will be held at the Grand Hyatt Hong Kong Hotel. Roadshow participants will also be able to negotiate with investors about a personal meeting. In addition, the guests of the event will discuss all issues arising during the pitches on coffee breaks and at a cocktail party.

Asia is increasingly focusing on ICO projects. It is worth noting that half of the crypto assets are located in this region, and entrepreneurs do not face here the problem of data security. Hong Kong - a modern city, developing financial initiatives on the basis of the blockchain. In addition, it seeks to become an international blockchain center. This makes Hong Kong entrepreneurs incredibly friendly to new ideas.

For investors, admission is free. You can buy investor's or VIP investor's ticket, as well as Silver Package or Golden Package for ICO on the website.

Now, let's move to the technical analysis of Bitcoin (BTC):

Bitcoin went down to the mark of $7,760, not reaching the level of $7,700, which we had expected. Then, it turned and jumped, reaching the level of $8,240. Now, bitcoin is consolidating in the outset with a range of $8,030-$8,270. We expect its further downward movement. Let's watch the development of further events. The nearest support level is $7,700. The nearest resistance level is $8,400.

Technical analysis of Ethereum (ETH):

Ethereum went down to $450; just like bitcoin, it did not reach the support level of $440. We expect its further downward movement. The nearest resistance level is $480. The nearest support level is $440.

Technical analysis of Ripple (XRP):

Ripple went down to the support level of $0.43, as we had expected. Then, it turned and, just like bitcoin, rushed up, reaching a resistance level of $0.45. Now, it is in the outset with a range of $0.43-$0.445. We expect its further decline. The nearest support level is at $0.42. The nearest resistance level is $0.45.

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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