Price
The bearish impulse at the beginning of the day continued the three-day series of falls, 100 dollars a day, today medium price is 7100. Price holds on to the Bearish Trend Line and already lost 30% from the 10000 testing at the 2018.05.05. Slowing day by day downward momentum possibly could be the sign of oversold market, the 7000.0 level would be a logical place to start buying, as it still will roughly fit into a bullish tendency. On the other side, dive below the 7000.0 level will send the price to the last resort – 6000.0 level. Lowering below the 6000.0 would definitely cause a panic on markets. Crossover of the Bearish Trend Line and return above Bullish trend line would be a signal of the rebound beginning.
Today forecast
Trading in the 7000.0 – 7400.0 zone.
Latest news
The bearish impulse at the beginning of the day continued the three-day series of falls, 100 dollars a day, today medium price is 7100. Price holds on to the Bearish Trend Line and already lost 30% from the 10000 testing at the 2018.05.05. Slowing day by day downward momentum possibly could be the sign of oversold market, the 7000.0 level would be a logical place to start buying, as it still will roughly fit into a bullish tendency. On the other side, dive below the 7000.0 level will send the price to the last resort – 6000.0 level. Lowering below the 6000.0 would definitely cause a panic on markets. Crossover of the Bearish Trend Line and return above Bullish trend line would be a signal of the rebound beginning.
Today forecast
Trading in the 7000.0 – 7400.0 zone.
Latest news
- Chinese Internet security giant 360 has found "a series of epic vulnerabilities" in the EOS platform. cnLedger twit:
“Chinese Internet security giant 360 has found "a series of epic vulnerabilities" in the EOS platform. Some of the bugs allow arbitrary code to be executed remotely on EOS nodes and even taking full control of the nodes.”
The information shared by 360 goes on to explain what the vulnerabilities consist of. In a potential attack, the wrongdoer has the capability to publish a smart contract which contains malicious code. The supernode of the EOS network will supposedly execute said malicious contract and generate a security hole.
The attacker would then be able to re-use the supernode in order to package the already executed malicious contract into a brand new block which would respectively enable all the full nodes in the network, including the digital currency wallet server node, the alternate supernode, and others, to be remotely controlled.
- Bithumb to Ban Crypto Trading in 11 Countries. Bithumb is set to ban virtual coin trading in North Korea and ten other countries that are considered as high-risk jurisdictions by the Non-Cooperative Countries and Territories (NCCT) Initiative, the crypto exchange announced on Sunday.
The move was an attempt to prevent its infrastructure and platform from being used to launder money and any international finance terror or criminal activities, Bithumb said, adding that it will no longer accept new users from the 11 countries.
Meanwhile, Cape Town-based asset management firm Signia is planning to introduce its own cryptocurrency exchange. Maria Wierzycka, CEO of the company, informed the press that the proposed platform will be launched between July to September this year.
The exchange will be called SigniaCoin, Wierycka said. The company is also planning to develop a fund to grant users access to myriad of crypto assets, according to reports.
Contries: North Korea, Iran, Iraq, Serbia, Sri Lanka, Ethiopia, Syria, Trinidad and Tobago, Tunisia, Vanuatu, Yemen.
Comment:
Bearish Trend Line is pierced. Still, want to see the price holding above the Global Bullish Trend Line or even 7600.
