Market review, December 20, 2018

in cryptocurrency •  6 years ago 

According to Nikkei Asian Review, the Financial Services Agency of Japan (FSA) has decided to approve the operating license of the Coincheck cryptocurrency exchange. At the moment, there are no official statements from the regulator, however, according to a foreign source, this will happen before the end of the year.
The Coincheck cryptocurrency exchange suffered a hacker attack in January of this year. As a result of the hacking, NEM tokens totaling over $500 million were stolen from the platform. After that, the FSA decided to initiate a large-scale verification of all cryptocurrency exchanges that fall under the regulator's jurisdiction.
In Japan, to provide cryptocurrency exchange services, you must have an appropriate regulator license. After hacking the exchange, the FSA tightened its requirements for the applicants. As of mid-October, the regulator was considering applications from about 160 companies, and today there are about 200 of them.
After hacking of Coincheck, the management of the exchange received two orders on the need to improve operational processes to counter money laundering and protect customers. In mid-April, the brokerage company, Monex Group, bought the platform.
According to Nikkei, the Japanese regulator once again carried out an assessment of protective measures and other critical systems of the exchange and came to the conclusion that the work was done qualitatively. In addition, Coincheck compensated losses to users and made adjustments to the list of cryptocurrencies provided on the platform.
Now, let's move to the technical analysis of Bitcoin (BTC):
Our yesterday's forecast was partially accurate. Bitcoin fell down, reaching the support levels of $4,000, $3,780. But today it intends to fulfill our second part of the forecast, to reach a strong resistance level of $4,200, successfully, as you can see. We expect that bitcoin will reach the level of $4,380. After that, we expect a new technical rollback. The nearest resistance level is $4,380. The nearest support levels are $4,200, $4,000.
Technical analysis of Ethereum (ETH):
Over the past day, ethereum adjusted down to the support level of $101. But today it has grown to the next resistance level of $115. We expect a technical downward correction. The nearest resistance level is $122. The nearest support levels are $112, $104, $100.
Technical analysis of Ripple (XRP):
Over the past day, ripple reached the resistance level of $0.4050 and went for a downward correction. Having reached the resistance level of $0.3550, ripple stopped and, after the accumulatory phase, rushed up again to the resistance level of $0.3550. More than likely, it will try to overcome the resistance level of $0.42. After that, it will again go to the technical correction down. The nearest resistance level is $0.42. The nearest support levels are $0.35, $0.33.
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