Market review, April 24, 2019

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2019-04-24 16:01:58

Bitcoin spenders can now use Lightning Network and a browser extension to make purchases at Amazon.


This week, Crypto payment processing startup Moon announced that any lightning-enabled wallet can now also be used through Moon’s browser extension for Chrome. Moon CEO, Ken Kruger, said:


“The extension will pop up a QR code and it will have the lightning invoice, and you’ll be able to pay with your favorite lightning wallet.”


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


Over the past day, bitcoin rose to $5,550, almost reaching the nearest resistance level of $5,567. After that, bitcoin turned around and began to adjust. Now, the price of bitcoin fell to the mark of $5,360, we expect further correction to the support level of $5,000. The nearest resistance levels are $5,430, $5,567. The nearest support levels are $5,308, $5,270, $5,150.


Technical analysis of Ethereum (ETH):


Over the past day, the price of ethereum once again reached the resistance level of $176. This movement completely coincided with our yesterday's forecast. After that, the price of the ether dropped sharply, breaking through the support levels of $173, $170, $165, reaching the mark of $160. More than likely, ethereum will fall down to the support level of $151. The nearest resistance levels are $165, $170. The nearest support levels are $158, $151.


Technical analysis of Ripple (XRP):


Over the past day, ripple broke through the lower limit of the price corridor – $0.3170. The price of ripple fell to the support level of $0.2880. We expect a technical rebound. The nearest resistance levels are $0.2990, $0.3080, $0.3140. The nearest support levels are $0.2940, $0.2880.

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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