Crypto Industry News:
The digital lender, Capital on Tap, has published data that show that blockchain jobs offer the highest salary among all groundbreaking technology companies in the UK.
British blockchain companies offer an average annual salary of £75,000, or about £93,000. They also revealed that these projects provide 544 permanent jobs across the country. The study emphasizes that blockchain technology is becoming a significant force adhering to all industries, from virtual reality to 3D printing. The report emphasizes that the United States dominates the world thanks to the largest number of companies in all major breakthrough technologies, followed by India and the United Kingdom with second and third place respectively.
According to Capital on Top, the internet, augmented reality and progress in online learning have also changed the way schools engage in teaching. However, the education sector still ranks eighth among UK segments.
Technical Market Outlook:
The ETH/USD pair has tested the 61% Fibonacci retracement located at the level of $177.50 with a low made at $174.72 and then the Pin Bar candlestick pattern were made at the end of the move. The momentum remains weak and negative, so the next target for bears is seen at the level of $164.45. The immediate technical resistance is seen at the level of $188.86 and $193.78. Please bear in mind, that there is only 13 hours left to the halving, which is highly anticipated event for all cryptoenthusiasts.
Weekly Pivot Points:
WR3 - $241.59
WR2 - $228.78
WR1 - $204.66
Weekly Pivot - $191.03
WS1 - $168.45
WS2 - $154.83
WS3 - $130.49
Trading Recommendations:
The fear of the coronavirus consequences has decreased among the global investors on the financial markets, nevertheless the global investors are not so keen to invest in cryptocurrency, because they are being perceived as risky assets. 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.
