Sunday, August 25, 2019

Daily analyze of cryptocurrency 20190824(Encrypted calendar has been updated to 31st)

Market feedback Fear status

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The Ministry of Industry of Missonis, Argentina, launched the JellyCoin token to reward citizens who effectively dispose of garbage.
Earlier this week, the Ministry of Industry of the Province of Minas, Argentina, announced that it would soon begin to reward citizens who effectively dispose of garbage with a new cryptocurrency. The community’s “Hive” project aims to create a blockchain-based token called JellyCoin, which the government will award to the citizens who comply with environmental regulations.

  1. US House of Representatives: Congress will continue to review Facebook’s Libra.
  2. Amazon AWS is now BUG to a number of exchanges trading abnormalities 0.3 US dollars turnover more than 40 BTC. 3. Insiders: The central bank will issue licenses related to the central bank’s digital currency.
  3. Coin Security will provide lifelong membership services to KYC users and announce the latest investigation of the leak.
  4. At least three early supporters of the Libra Currency Association considered withdrawing for regulatory reasons.
  5. The Bank of England Governor urged the Libra-type reserve currency to end the dominance of the dollar.
  6. Central Bank: The development of electronic payment instruments with digital currency characteristics has made progress.
  7. Bank of Japan executives: We promote bitcoin, but only for control.
  8. The US Food and Drug Administration will use blockchains to improve the review and recall of pharmaceuticals and medical products.

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Encrypted project calendar(August 24, 2019)

BTM/Bytom: Bytom will host the Bytom DevCon 2 technical competition on August 24th. The Bytom will reward the winners and support related projects.
BNB/Binance Coin: The currency-based Launchpad will be launched on the Perlin project on August 24th, still using the BNB position snapshot lottery mode. The Launchpad IEO hardtop is 6,700,000 USD.

Encrypted project calendar(August 25, 2019)

CHX/Own: The Own project will launch the SillyCoin Valley game product on August 25.

Encrypted project calendar(August 26, 2019)

ICX/ICON: ICON(ICX)ICONists will vote for P-Reps and receive ICX awards starting August 26.
MBL/Moviebloc: MovieBloc will share details about the MovieBloc service and wallet features in MovieBloc Service Preview 2 on August 26th.
ETHOS/ETHOS Token: ETHOS Token (ETHOS) BitMart The first ETHOS Token Trading Contest will be closed on August 26, and participating users can divide 50,000 ETHOS.

Encrypted project calendar(August 27, 2019)

MAID/MaidSafeCoin: MaidSafeCoin Internet Coin (MAID) will host the 2019 Turing Festival in Edinburgh from August 27th to 29th.
SC/Siacoin: Siacoin (SC) Pluralsight LIVE was held in Salt Lake City from August 27th to 29th, 2019.

Encrypted project calendar(August 28, 2019)

NULS/NULS: The NULS 2.0 Beta hackathon will be held from July 8th to August 28th, 2019.
ZLA/Zilla: ZILLA (ZLA)’s complimentary $3,500 GD Token event will end on August 28.

Encrypted project calendar(August 29, 2019)

ICX/ICON: ICON(ICX)ICON will meet with HPB_Global in Korea on August 29th, and Asian Market Business Director Daniel Kwak will deliver a speech and will answer questions with participants.
TYPE/Typerium: A 100-day countdown from Typerium will end on August 29th, and the project officially calls SecondComing.
ONE/Harmony: The first phase of the Pangea project launched by Harmony is over, and the second phase will begin on August 29.
KICK/KickCoin: KickCoin will be exchanged for KickToken for an exchange time of August 29, which will receive nearly 150% of the reward.

Encrypted project calendar(August 30, 2019)

XDCE/XinFin Network: 2019 TraceFinancial webinar will be held on August 30th
WAX/WAX Token: WAX TokenSwap (WAX) to August 30, ERC-20 WAX Token token converted to WAX Token Cutoff
UGAS/Ultrain: Ultrain community news, after the main network mapping starts on August 7, all UGAS holders must complete the registration of the Ultrain main wallet account by August 30th.

Encrypted project calendar(August 31, 2019)

ADX/AdEx: ADEX (ADX) will release the Validator Stack version 2.0 in August
DADI/DADI: DADI will release the network CLI on August 31, with Stargates to support network services; and release Self Onboarding on the same day to allow the network to be more open.
MITH/Mithril: The Mithril (MITH) team decided to implement the first MITH token destruction program on August 31.
COS/Contentos: Contentos test network v0.5 “Jupiter” will be launched on August 31, this is the last version of the test before the main online line, alternate release.

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Bitcoin price gained pace above the 23.6% Fib retracement level of the key decline from the $10,975 swing high to $9,957 low. The recent wave was such that the price even spiked above the $10,400 level. Moreover, there was a break above the 50% Fib retracement level of the key decline from the $10,975 swing high to $9,757 low. However, the bulls faced a strong resistance just below the $10,100 level.

Additionally, yesterday’s highlighted important bearish trend line is acting as a solid resistance near $10,420 on the hourly chart of the BTC/USD pair. The pair is now consolidating below the trend line and the $10,500 resistance. Moreover, the 61.8% Fib retracement level of the key decline from the $10,975 swing high to $9,757 low is at $10,510.

Therefore, the price could rally if it breaks the trend line and the $10,500 resistance area. The next stop for the bulls could be near the $11,000 resistance area in the near term. On the other hand, an immediate key support is near the $10,250 level. If there is a downside break below the $10,250 support, the price could start a fresh decline in the coming sessions.

Review previous articles: https://medium.com/@to.liuwen

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