Letter #74. Crypto Market in Red

Crypto market:
ETH/USD: If the bulls don’t break out of the 20-day EMA and the resistance line of the descending channel within the next few days, the ETH/USD pair is likely to fall to $654 and after that to $565 levels. It will become positive when it breaks out of $980 levels.

Read more of our predictions about Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS in the Price Analysis. http://bit.ly/2p0GqpW

News extra:
• In an apparent first, the African nation of Sierra Leone has employed Blockchain technology in tallying its presidential elections. http://bit.ly/2FsYEY4
• North Korean hackers are suspected to be behind a cyberattack on Turkey’s financial sector. http://bit.ly/2FHuUu2
• Hacked Japanese cryptocurrency exchange Coincheck will return stolen funds to customers “by the end of next week.” http://bit.ly/2p22CjC
• The European Commission released its anticipated official angle on regulating fintech, including Blockchain technology, across EU member states. http://bit.ly/2p22FvO
• PayPal files a patent to instantaneously transfer cryptocurrency payments, but does the technology already exist? http://bit.ly/2Ga9a7K
• Arizona House of Representatives advances bill to legalize crypto for tax payments. http://bit.ly/2Gap95P