empty
 
 
09.07.2020 08:29 AM
Technical Analysis of ETH/USD for July 9, 2020:

Crypto Industry News:

Torus, a Singapore-based cryptographic key management platform, now allows users to send cryptocurrencies via social media platforms such as Twitter.

According to the latest Torus update, v1.7.2, users can now send tokens to any Twitter or GitHub account, even if the account has never used a Torus cryptographic wallet, the company said. Torus presented several transactions on Twitter, including 0.01 ETH transfers to major characters from the cryptocurrency space, such as co-founder Ethereum Vitalik Buterin, CEO Binance Changpeng Zhao and Elon Musk.

According to the announcement, the new update introduces six new login credentials for the Torus and DirectAuth wallet - a tool that allows users to manage application-specific private keys while storing them in a distributed Torus network. With the upgrade, users can now create a new Ethereum Blockchain wallet using any of their social identities, including Google, Facebook, Reddit, Twitch, Discord, AppleID, Github, LinkedIn, Twitter and Line.

The company has developed that logging to Torus using accounts such as Twitter is based on Auth0, a login service provider that integrates authentication and authorization for web, mobile and legacy applications. Auth0 acts as a proxy server that connects Torus accounts to a verifier such as Twitter or Apple.

Technical Market Outlook:

After the pull-back towards the level of $233.88, the ETH/USD pair has made another higher high at the level of $248.20, just below the supply zone located between the levels of $248.86 - $252.03. Please notice, there is another Pin Bar candle made at the top of the recent rally as well, together with more serious candlestick pattern of Shooting Star, so traders should expect as some kind of pull-back towards the levels of $235.42 and $232.20 (will now act as a local technical support for the price). The momentum is still strong and positive and supports the short-term bullish outlook.

Weekly Pivot Points:

WR3 - $241.60

WR2 - $236.80

WR1 - $229.63

Weekly Pivot - $225.04

WS1 - $218.03

WS2 - $213.12

WS3 - $205.61

Trading Recommendations:

The larger time frame trend on Ethereum remains down and as long as the level of $288 is not violated, all rallies will be treated as a counter-trend corrective moves. This is why the short positions are now more preferred. The next key technical support is seen at the level of $174.82.

This image is no longer relevant

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback