Market review, September 3, 2019

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2019-09-03 15:04:13

This Monday, Binance acquired the JEX trading platform, which provides its customers with spot and derivative trading opportunities.

The JEX platform will become part of the Binance ecosystem and will further develop the cryptocurrency derivatives market. JEX will provide professional services to users of the Binance ecosystem, including futures contracts, options and other derivative products,” the Binance website says.

Let us recall that a few days ago, Binance introduced a developer platform called Binance X to develop its cryptocurrency ecosystem. In addition, Binance announced the launch of two new futures platforms, one of which is based on the JEX technology.

Technical analysis of Bitcoin (BTC):

Over the past day, bitcoin grew significantly, reaching the resistance level of $10,400. This upward movement is like overclocking to break through the support level of $9,320. Now, the price of bitcoin is $9,780. We expect a new attempt to break through the support level of $9,700. The nearest resistance levels are $10,400, $10,650. The nearest support levels are $10,200, $10,000.

Technical analysis of Ethereum (ETH):

Over the past day, ethereum grew in price, reaching the resistance level of $179. Now, the price of ethereum is $170. In the future, we expect a decrease in the price to at least the support level of $169. The nearest resistance levels are $176, $180. The nearest support levels are $173, $169, $165.

Technical analysis of Ripple (XRP):

Over the past day, ripple rose in price, reaching the resistance level of $0.2625. Now, the price of ripple is $0.2580. We expect a decrease in price. The nearest resistance levels are $0.2580, $0.2630. The nearest support levels are $0.2560, $0.2490.

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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