The universe of cryptocurrencies continues to expand and will be accessible from WhatsApp.
Markets accelerate the consolidation process and may fall in search of reliable levels of support.
The next few days could be the last agony of a 14-month bear market.
The day brings us interesting information about the spread of the universe of cryptocurrencies in the day-to-day life of the people.

The first initiative comes to us from WhatsApp. Soon users of the popular instant messaging application will be able to exchange Ether between them and other tokens that function on the ERC20 protocol.

The second entry to take into account is the statement of a former PayPal executive, Dan Schatt in which he states that stablecoins can get the acceptance of Blockchain technology by the traditional financial system. Stablecoins as virtual bridges between the two systems, the fiduciary and the decentralized, can be the gateway to technology for the general public.

Despite this potential, yesterday it was Vodafoone who withdrew from the Libra stablecoin project, although he said he would continue to support him from a less relevant position.

ETH / BTC

The ETH / BTC pair is currently trading at the price level of 0.01919. During the Asian session, Ether has lost strength against Bitcoin, something that usually happens when the market falls.

But the fall has no technical impact at the moment and the previous scenario remains intact.

The EMA50 loses a little bit of inclination and is already heading towards the projection zone of the SMA100 and 200, at the 0.019 / 0.020 level for the first week of February.

Above the current price, the first resistance level is at 0.0192, then the second at 0.020 and the third one at 0.0217.

Below the current price, the first support level is at 0.01905, then the second at 0.01877 and the third one at 0.0185.

The MACD on the daily chart tilts down and seeks support in the neutral zone of the indicator. At that point, the path taken by moving averages will indicate the tone of the market for the following weeks.
The DMI in the daily chart shows a small advantage for the bears against the bulls, although insufficient to be able to give the winning side as the winner.
BTC / USD

The BTC / USD pair is currently trading at the price level of $ 8,517 and loses the support of the EMA50. The exponential short-term average definitely loses the bullish profile and seems to be heading towards the SMA100 level at $ 8,400.

Above the current price, the first resistance level is at $ 8,600, then the second at $ 8,800 and the third one at $ 9,150.

Below the current price, the first level of support is at $ 8,500, then the second at $ 8,400 and the third one at $ 8,200.

Por admin

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