Market review, January 17, 2020

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2020-01-17 16:01:29

Technical analysis of Bitcoin (BTC):

Over the past day, the price of bitcoin rose slightly to the resistance level of $9,000. After three attempts to break through the resistance level of $9,000, there was a decrease. Now, the price of bitcoin is $8,900. We predict the continuation of the upward movement. The nearest resistance levels are $9,000, $9,200. The nearest support levels are $8,900, $8,570, $8,400, $8,250, $8,140, $8,000, $7,900, $7,800, $7,640, $7,500.

Technical analysis of Ethereum (ETH):

Over the past day, the price of ethereum rose slightly to the resistance level of $174. After such an increase, there was a decrease. Now, the price of ethereum is $169. We predict the continuation of the upward movement. The nearest resistance levels are $173, $175, $180. The nearest support levels are $ $166, $160, $158, $155, $152, $150, $147.

Technical analysis of Ripple (XRP):

Over the past day, the price of ripple dropped to the resistance level of $0.2380. After such an increase, there was a decrease. Now, the price of ripple is $0.2380. We predict the continuation of the upward movement. The nearest resistance levels are $0.2380, $0.24, $0.2450, $0.25, and $0.2550. The nearest support levels are $0.2320, $0.23, $0.2240, $0.22, $0.2170, $0.21, $0.2090.


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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