Market review, February 18, 2020

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2020-02-18 13:01:49

UEFA has announced that it will distribute more than 1 million tickets for the matches of the European Football Championship 2020 through a mobile application built based on the blockchain.

According to the authors of the initiative, the new ticket system "will make passage to the stadiums quick and easy." Also, tickets will be protected from fraud through the use of blockchain. The ticket will be activated via Bluetooth only when the fan is already close to the passage to the stadium.

Tickets for football matches will be available in the application no later than seven days before the match. Considering that the next European Championship is expected to be the most massive in terms of the number of fans, the possibility of buying tickets online through the mobile application and automatically registering when entering the stadium will be popular. E-tickets will help reduce paper usage and will be more convenient for fans.

Using blockchain to issue tickets is a highly effective way to combat counterfeiting. It is reported that by the end of May, the application will be available for users of the Android and iOS mobile operating systems.

It is not the first time that UEFA has been experimenting with distributed registry technology. Back in 2018, all tickets for the match between the Spanish clubs Real and Atlético were sold through the blockchain-based mobile application.

At the end of last year, UEFA and AlfaVallet announced their collaboration. They plan to issue 20,000 tickets for the Euro 2020 matches based on the Ethereum blockchain.

Technical analysis of Bitcoin (BTC):

Over the past day, the price of bitcoin dropped to the support level of $9,470, then it grew to the resistance level of $9,830. Now, the price of bitcoin is $9,780. In the future, we expect the continuation of the negative movement. The nearest resistance levels are $9,820, $9,850, $9,900, $10,200, $10,500, $11,000. The nearest support levels are $9,730, $9,585, $9,450, $9,200, $9,000, $8,720.

Technical analysis of Ethereum (ETH):

Over the past day, the price of ethereum grew to the resistance level of $272. Now, it is $268. In the future, we expect the continuation of the negative movement. The nearest resistance levels are $273, $285. The nearest support levels are $257, $244, $236, $230, $224.

Technical analysis of Ripple (XRP):

Over the past day, the price of ripple dropped to the support level of $0.2685, then it rose to the resistance level of $0.2950. Now, the price of ripple is $0.29. In the future, we expect the continuation of the downtrend. The nearest resistance levels are $0.2980, $0.30, and $0.3080. The nearest support levels are $0.2855, $0.2810, $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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