Commonwealth Bank of Australia tested Ethereum blockchain system to deliver 17 tons of almonds to Germany. They used this system for 3 key operations of such process: shipping, documentation, and financial issues. The test went well and now the bank authorities think that the use of blockchain technologies will improve the way the bank works and raise the level of customer service. Read more: https://cryptovest.com/news/commonwealth-bank-of-australia-tests-ethereum-blockchain-supply-system/
Trading does not change a lot. There is a slight difference between neighboring , but no trend of change is spotted.
Strong is noticeable at $456 (red line), $452 can also work as resistance. Support levels formed at $446-447, $442, and $440, but you cannot be sure that they are strong.
On daily timeframes the resistance is noticeable at around $470. Support is formed at around $445-450, but if it fails, the next is at $430 or $420.
is pointing downwards, the rate is moving in its bottom half.
The price is below the .
is in the oversold zone.
These indicators demonstrate of the market.
On daily timeframes symmetrical triangle that we talked about earlier was formed and now we can see that the price is dropping. The pattern is shown by gray lines on the graph.
are narrow, the rate is moving below middle line.
is moving near 43% mark in its zone.
Such results prove that the market became .
Now we should expect drastic drop of the price, even though some indicators show the possibility of price rising, it is probably just a correction. But the will continue. And after the end of this trend, when the support is strong, it is a good time to open long positions.