Market review, March 16, 2020

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2020-03-16 14:01:20

Air transport communications company Sita and the ULD Care trade association plan to use blockchain to save $400 million a year in the air freight industry.
The blockchain platform will allow you to track cargo and record changes in data on the storage of freight containers when they move between destinations. It will reduce costs, increase efficiency, reduce losses, and prevent cargo damage.
Also, the platform will provide advanced authentication features and will reduce the risk of data forgery and money laundering.
“The container can travel from Shanghai to the USA within 30 days. At the same time, travel time takes a maximum of 15 days, and the rest is spent on processing documentation. Blockchain could bring a revolution to this process,” Bob Rogers, vice president of ULD Care, said.
“We are very closely studying the potential of technology and are happy to be able to change the entire industry with the help of blockchain,” he said.

Technical analysis of Bitcoin (BTC):

Over the past weekend, the price of bitcoin rose to the resistance level of $6,000, then it fell to the support level of $4,400. Now, the price of bitcoin is $4,540. In the future, we expect a slight decrease followed by a technical rebound upwards. The nearest resistance levels are $4,840, $5,280, $5,780, $6,000, $6,250, $6,350, $6,600, $6,850, $7,100, $7,300, $7,660, $8,000, $8,020, $8,140. The nearest support levels are $4,440, $3,900, $3,700.

Technical analysis of Ethereum (ETH):

Over the past weekend, the price of ethereum rose to the resistance level of $146, then it fell to the support level of $100. Now, the price of ethereum is $104. In the future, we expect a slight decrease followed by a technical rebound upwards. The nearest resistance levels are $ 111, 127, 142,153,161,170. The nearest support levels are 99, 88 $.

Technical analysis of Ripple (XRP):

Over the past weekend, the price of ripple rose to the resistance level of $0.1680, then it fell to the support level of $0.1280. Now, the price of ripple is $0.1330. In the future, we expect a slight decrease followed by a technical rebound upwards. The nearest resistance levels are $0.1350, $0.14, $0.1450, $0.16, $0.17. The nearest support levels are $0.1280, $0.1140, $0.1050.



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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