On January 19, the bull’s inability to break above the $180 resistance level compelled Ethereum to a range-bound movement. Ether is on a tight range between $160 and $170. Incidentally, the continual ranging will lead to a price breakout or breakdown. Now if the price breaks the $170 resistance level and the bulls are successful, the coin will reach a high of $200.
Surprisingly, XRP appears to be ranging above the $0.23 price level for the past five days. This is a sequel to its failure to break above the $0.25 on January 19.
The breadth and complexity of the coffee supply chain globally makes traceability a pretty difficult principle to guarantee. The path of the beans is long and articulated: once they grow up they first reach the cooperatives, then move on to the export, shipping and import companies, face the roasting process, and then be managed by distributors and retailers, before reaching the end consumer.
The Lombardy Regional Council has approved the Address Act on the planning of waste management and remediation in recent days. A plan that aims to overcome the very idea of rejection, instead espousing the logic of the circular economy.
Recently, BCH has been making some remarkable moves to reach higher price levels. On January 14, the bulls reached a high of $360. Again after retracing, the price went up to the high of $403 on January 18. Now, the price has been resisted and it falls to a low of $320. BCH’s uptrend has been hampered as the bulls are bound to a sideways trend.
Bitcoin has been ranging over $8,600 for the past four days. The consolidation is ongoing after a slight upward movement. Presently, the upward move has been scuttled at $9,200. The bulls could not sustain the price above $9,000 because of the presence of more active sellers at a higher price level. In retrospect, the bull market was also foiled at $10,480 in October because of the presence of active sellers.
Technology experts predict airports entrusted to disruptive tools including blockchain, artificial intelligence (AI), internet of things (IoT), will manage passengers actions, digital identities, and speed up the steps involved in security checks and check-ins.
On January 19, Ethereum fell to a low above $160 because of its inability to break above the $180 resistance level. Despite its disappointing fall after its resistance, a break above $180 will catapult ETH to reach a high of $197 or $200.
The cryptocurrencies under review are in the bullish trend zone. In other words, Binance Coin, Cardano, TRON and MIOTA are trading above the EMAs which mean the coins intend to rise, retest or break the resistance levels. HOT has been in a sideways trend and the coin is facing further selling pressure.
Relatively, Ripple has been stable above $0.23 since January 14. However, its further appreciation to the high of $0.25 was quite encouraging in the last 48 hours. Surprisingly, Ripple crashed to the $0.23 support level. The bulls could not sustain the price at the upper price level because of selling pressure. There seems to be more sellers than buyers at the upper price level.
The Malaysian Government, under its Securities Commission, recently announced the creation of a new digital currency Regulatory Framework. The new guideline is to control transactions involving crypto currency Tokens within the country’s borders.
Since January 14, Bitcoin has been making an impressive move until January 19. The bulls took the price to a high of $9,200 but were immediately repelled. Before this time the bulls were struggling to break the resistance at $8,800 which was eventually broken. In the last 24 hours, Bitcoin has fallen to a low of $8,600. The price is ranging above $8,600 pending the direction of the next price movement.
The fungibility of Bitcoin has been an issue of contention among many. The question is, “can a quantity of bitcoin be swapped for another of equal value?” The answer is yes because can lend you one bitcoin and when you pay me back, it doesn’t have to be the exact BTC that I gave you. This means that Bitcoin is fungible.
Recently, the bulls overcome the $160 resistance but were unlucky at $180. A successful break above $180 would have led Ethereum to appreciate above $200 and commenced an upward move.
According to the significant technological change that has occurred in the past decade, we can now be sure that the integration of innovative tools including blockchain, distributed ledger technology (DLT), and general data protection regulation (GDPR) standards are somehow sufficient and able to ensure the security and privacy of personal data in future Internet systems.