Market review, August 15, 2019

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2019-08-15 14:01:02

Walmart, the world's largest wholesale and retail chain, continues to patent blockchain technology. This time, the retail giant has registered a drone communication system.

An application called “Cloning drones using blockchain” was filed by the company in January of this year. The system allows drones to exchange various information, such as identification numbers, altitude and flight speed, routes, as well as information about battery charge and loading.

The blockchain can store any information that is stored in any other format or medium, for example, a large list of commands of different types, navigation information, and maps. Thus, one software profile can be distributed on cloned drones,” the application notes.

Coordinating drones is also an important aspect of using the system. At the same time, thanks to the coding of information on a decentralized blockchain, commands can be executed without fear of hacking.

Let us note that in August last year, Walmart announced plans to create an entire automated network for the delivery of goods on the blockchain. The documents describe in detail a system in which several robots handle the delivery of parcels at different ends of the supply chain, using wireless signals for communication.

Technical analysis of Bitcoin (BTC):

Over the past day, bitcoin fell in price and reached the support level of $9,500. This movement of bitcoin completely coincided with our yesterday's forecast. Now, the price of bitcoin is $10,130. We expect that bitcoin will also make a technical rebound upwards. The nearest resistance levels are $10,360, $10,650, $11,100. The nearest support levels are $9,700, $9,500.

Technical analysis of Ethereum (ETH):

Over the past day, ethereum dropped in price to the support level of $173. This movement of ethereum completely coincided with our yesterday's forecast. Now, the price of ethereum is $186. According to the technical analysis, it should grow to the resistance levels of $192, $201. The nearest resistance levels are $206, $214. The nearest support levels are $173, $155.

Technical analysis of Ripple (XRP):

Over the past day, ripple fell to the support level of $0.23. This movement coincided with the movement of bitcoin. Now, the price of ripple is $0.26. We expect ripple to make a technical rebound upwards. The nearest resistance levels are $0.2640, $0.2860. The nearest support levels are $0.2490, $0.2310.

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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