Market review, February 27, 2020

6
2020-02-27 13:01:36

Six representatives of the cryptocurrency industry are included in the annual list of billionaires compiled by the Chinese research institute Hurun.

The leader in the crypto segment was 42-year-old Binance CEO Changpeng Zhao with $2.6 billion. Compared to last year's data ($2.53 billion), the status of CZ increased slightly, but in the general list, it rose by 805 positions.

Last year's leader, co-founder of mining company Bitmain Mikri Zhang this time, did not get into the rating. Let us recall that in January 2019, Zhang was forced to leave the company due to disagreements with business partner Jihan Wu. Last year, Zhang's fortune was estimated at $4.21 billion. Wu, who owned $2.39 billion in 2019, was also unable to overcome the minimum threshold for inclusion in the rating.

Technical analysis of Bitcoin (BTC):

Over the past day, the price of bitcoin fell to the support level of $8,525, then it jumped to the resistance level of $8,860. Now, the price of bitcoin is $8,780. In the future, we expect an uptrend. The nearest resistance levels are $8,860, $9,000, $9,320, $9,470, $9,730, $9,820, $9,900, $10,200. The nearest support level is $8,280.

Technical analysis of Ethereum (ETH):

Over the past day, the price of ethereum dropped to the support level of $209, then it jumped to the resistance level of $230. Now, the price of ethereum is $235. In the future, we expect an uptrend. The nearest resistance levels are $230, $236, $244, $257, $263, $273, $285. The nearest support levels are $219, $215, $213, $206.

Technical analysis of Ripple (XRP):

Over the past day, the price of ripple fell to the support level of $0.2220, then it jumped to the resistance level of $0.2380. Now, the price of ripple is $0.2340. In the future, we expect an uptrend. The nearest resistance levels are $0.2380, $0.2420, $0.2460, $0.25, $0.2530, $0.2580, $0.2650. The nearest support levels are $0.2320, $0.23.


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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