Market review, April 26, 2019

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2019-04-26 15:01:27

Binance announced the possibility of buying multiple cryptocurrencies with credit cards through a mobile application on Android. The function is available after updating the application to version 1.5.8.0.


The possibility of buying cryptocurrency using plastic cards in a mobile application has become a continuation of the cryptocurrency exchange's cooperation with the payment startup Simplex. According to company representatives, BTC, ETH, XRP, LTC and BCHABC are currently available for purchase.


To purchase coins, users need to click on the “Credit Card” button on the initial screen. Then you need to select the desired cryptocurrency, the amount of coins received and the currency in which the purchase will be made (USD or EUR). After confirming the order, the user is redirected to the payment operator's page, where it is necessary to enter the data of the buyer and the card details. After buying, cryptocurrency will immediately fall into the account of the user.


Representatives of Binance noted that in times of high volatility, users will receive a letter from the Simplex operator to reconfirm the transaction. In addition, the commission for the purchase will be 3.5%, but not less than 10 USD.


Let us recall that in early April, the American Stock Exchange Coinbase announced the release of Visa plastic cards with the possibility of paying for goods with cryptocurrency.


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


Over the past day, bitcoin collapsed to the support level of $5,080, as we wrote in our forecast yesterday. After that, the price of bitcoin rebounded sharply upwards, reaching the mark of $5,400, and then it sank to the outset. Now, the price is at around $5,280. We expect the continuation of growth. The nearest resistance levels are $5,300, $5,430, $5,567. The nearest support levels are $5,270, $5,150.


Technical analysis of Ethereum (ETH):


Over the past day, the price of ethereum broke through support levels of $158, $151, and reached $146. This fall completely coincided with our yesterday's forecast. Now, the price is consolidating at the support level of $150. We expect the continuation of the global upward movement. The nearest resistance levels are $158, $165, $170. The nearest support levels are $142, $140.


Technical analysis of Ripple (XRP):


Over the past day, ripple tried to grow, but due to the lack of buyers, the price fell down, reaching a support level of $0.2760. Now, ripple is trading at $0.2860. We expect the continuation of growth. The nearest resistance levels are $0.29, $0.2940, $0.30, $0.3080. The nearest support levels are $0.2840, $0.2760.

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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