Market review, January 22, 2020

3
2020-01-23 10:01:34

Technical analysis of Bitcoin (BTC):

Over the past day, the price of bitcoin fell to the support level of $8,475. After a sharp decline, there was an increase to the resistance level of $8,800. Now, the price of bitcoin is $8,620. We expect the continuation of the negative movement. The nearest resistance levels are $8,720, $8,900, $9,000, $9,200. The nearest support levels are $8,500, $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 dropped sharply to the support level of $164, then it reached the resistance level of $171. Now, the price of ethereum is $167. We predict the continuation of the negative movement. The nearest resistance levels are $168, $171, $173, $175, $180. The nearest support levels are $166, $163, $160, $158, $155, $152, $150, $147.

Technical analysis of Ripple (XRP):

Over the past day, the price of ripple fell sharply to the support level of $0.23, then it reached the resistance level of $0.24. Now, the price of ripple is $0.2340. We predict the continuation of the negative 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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