Market review, February 17, 2020

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2020-02-17 16:01:24

The world's largest smartphone maker Samsung has confirmed that support for cryptocurrencies, including BTC, ETH, and ERC20 tokens, is coming to the new Galaxy S20 line of smartphones.

On its website, Samsung has reported that the new generation of Galaxy S20 smartphones will include a proprietary application that enables users to store private keys for BTC, ETH and ERC20 tokens.

We created a secure processor dedicated to protecting your PIN, password, pattern and Blockchain Private Key. Combined with the Knox platform, security is infused into every part of your phone, from hardware to software. So private data stays private.”

Samsung first introduced the Blockchain Keystore in early 2019. The cryptographic application is available to users of Samsung devices in the United States, Canada, South Korea, United Kingdom, Germany, Switzerland, Spain, Portugal, Sweden, Austria, Finland, Denmark, Norway and Iceland.

Technical analysis of Bitcoin (BTC):

Over the past weekend, the price of bitcoin dropped to the support level of $9,585, then it grew to the resistance level of $9,985. Now, the price of bitcoin is $9,650. In the future, we expect the continuation of the decline. The nearest resistance levels are $9,730, $9,900, $10,200, $10,500, $11,000. The nearest support levels are $9,585, $9,450, $9,200, $9,000, $8,720, $8,500, $8,380, $8,250.

Technical analysis of Ethereum (ETH):

Over the past weekend, the price of ethereum fell to the support level of $236, then it grew to the resistance level of $263. Now, the price of ethereum is $246. In the future, we expect the continuation of the downtrend. The nearest resistance levels are $257, $273, $285. The nearest support levels are $244, $236, $230, $224.

Technical analysis of Ripple (XRP):

Over the past weekend, the price of ripple fell to the support level of $0.2710, then it rose to the resistance level of $0.2950. Now, the price of ripple is $0.2725. In the future, we expect the continuation of the downtrend. The nearest resistance levels are $0.2810, $0.2855, $0.30, $0.3080. The nearest support levels are $0.2710, $0.2670, $0.26.



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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