Market review, March 5, 2020

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2020-03-05 14:01:00

On March 12, Moscow will host the Future Tech + Finance Summit 2020 (FTFS) dedicated to growing markets, as well as new investment and financial instruments.

FTFS is an event that will bring together leading blockchain and finance market leaders. The main objective of the summit is to stimulate technological development and cooperation between participants, as well as attract private and corporate capital in the field of new technologies.

Among the forum participants are specialized media, bloggers, and owners of popular Telegram channels, professional investors, capital owners, bankers, entrepreneurs, as well as active market participants working with blockchain.

The main focus of the discussions will cover topics such as a deep and thorough analysis of new financial instruments and methods of generating income. It will also touch upon security issues of interaction with new technologies. Particular attention at the summit will be paid to such topics as decentralized finance (DeFi), peer-to-peer payment systems, and more.

Key topics:

  • DeFi – new solutions in the field of decentralized finance;

  • CryptoLending – lease your crypto assets and earn income;

  • P2P – how platforms and marketplaces will develop in 2020;

  • OTC – over-the-counter cryptocurrency trading. Brokers and liquidity providers;

  • TRADING – financial services in the cryptocurrency market. How to make money on cryptocurrency exchanges and platforms;

  • Crypto processing – what processings are evolving and what they do.

  • Unicorns and IPOs 2020 – the most anticipated IPOs of 2020. An overview of new growing business lines and startups, as well as financial products to increase personal income.

Place and time: Moscow, Tverskaya St., 7, March 12, 10:00 – 17:00

Technical analysis of Bitcoin (BTC):

Over the past day, the price of bitcoin grew to the resistance level of $9,080. Now, the price of bitcoin is $9,040. In the future, we expect the continuation of the uptrend. The nearest resistance levels are $9,100, $9,320, $9,470, $9,730, $9,820, $9,900, $10,200. The nearest support levels are $9,000, $8,850, $8,660, $8,500, $8,280.

Technical analysis of Ethereum (ETH):

Over the past day, the price of ethereum grew to the resistance level of $232. Now, it is $230. In the future, we expect the continuation of the positive movement. The nearest resistance levels are $234, $236, $244, $257, $263, $273. The nearest support levels are $225, $219, $215, $213.

Technical analysis of Ripple (XRP):

Over the past day, the price of ripple grew to the resistance level of $ 0.24. Now, it is $0.2380. In the future, we expect the continuation of the positive movement. The nearest resistance levels are $0.2420, $0.2480, $0.25, and $0.2580. The nearest support levels are $0.2380, $0.2350, $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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