Market review, March 4, 2020

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2020-03-04 16:00:57

Beijing's tax office has officially announced the introduction of a blockchain for billing taxpayers.

The department calls transparency, traceability, and the impossibility of changing accounts to be the main advantages of distributed ledger technology. At the same time, the authenticity of tax notifications can be verified on the official website of the tax service.

"The system will reduce taxpayers' costs, preserve public resources, and increase user convenience. We will build a realistic and healthy tax environment. At the same time, the information recorded in electronic invoices must coincide with the data on the official website. If the data does not coincide, the taxpayer should reject the invoice and report it to the Beijing Tax Service hotline," an official statement of the agency says.

Electronic bills on the blockage will gradually start to be used in other areas of life, such as paying for parking or tickets for sightseeing and park visits.

Let us recall that in March last year, the Shenzhen authorities introduced payment for public transport using the blockchain application.

Technical analysis of Bitcoin (BTC):

Over the past day, the price of bitcoin fell to the support level of $8,660, then it rose to the resistance level of $8,850. Now, the price of bitcoin is $8,710. In the future, we expect the continuation of the uptrend. The nearest resistance levels are $8,850, $9,000, $9,320, $9,470, $9,730, $9,820, $9,900, $10,200. The nearest support levels are $8,660, $8,500, $8,280.

Technical analysis of Ethereum (ETH):

Over the past day, the price of ethereum fell to the support level of $219, then it rose to the resistance level of $228. Now, the price of ethereum is $223. In the future, we expect the continuation of the positive movement. The nearest resistance levels are $225, $234, $236, $244, $257, $263, $273. The nearest support levels are $219, $215, $213, $210, $206.

Technical analysis of Ripple (XRP):

Over the past day, the price of ripple fell to the support level of $0.23, then ше rose to the resistance level of $0.2380. Now, the price of ripple is $0.2320. In the future, we expect the continuation of the upward movement. The nearest resistance levels are $0.2350, $0.2380, $0.2420, $0.2460. The nearest support levels are $0.2320, $0.23, $0.2260, $0.2240.


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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