Jan 23, 2020 at 14:18
Ethereum Holds Recent Gains as Bulls and Bears Struggle above $160
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.
Lombardy Plans to Use Blockchain for Waste Traceability
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.
IBM Launches Blockchain App for Coffee Lovers to Track Products
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.
Bitcoin Cash Fluctuates Above $320, Targets $480
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 Failure to Rebound May Lead to Breakdown
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.
Ethereum Turns Down Sharply Amidst Aggressive Selling
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.