Market review, January 3, 2020

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2020-01-03 15:03:15

Technical analysis of Bitcoin (BTC):

Over the past holidays, the price of bitcoin fell to the support level of $6,850. Then the price of bitcoin jumped to the resistance level of $7,350. Now, it is $7,280. We expect the continuation of the upward trend after a technical correction. The nearest resistance levels are $7,350, $7,400, $7,450, $7,550, $7,640, $7,800, $7,900, $8,000. The nearest support levels are $7,250, $7,160, $7,110, $7,000, $6,850, $6,400, $6,200, $6,000.

Technical analysis of Ethereum (ETH):

Over the past holidays, the price of ethereum fell to the support level of $125.5. Then the price jumped to the resistance level of $134. Now, it is $131.5. We expect the continuation of the upward trend after a technical correction. The nearest resistance levels are $132, $135, $138, $139, $141, $143, $145, $146, $147, $150. The nearest support levels are $129, $126, $123, $120, $116.

Technical analysis of Ripple (XRP):

Over the past holidays, the price of ripple dropped to the support level of $0.1840. Then it jumped to the resistance level of $0.1940. Now, it is $0.1910. We expect the continuation of the uptrend after a technical correction. The nearest resistance levels are $0.1940, $0.1980, $0.20, $0.2040, $0.21. The nearest support levels are $0.1910, $0.19, $0.1860, $0.18, $0.1870, $0.1750, $0.16.

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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