Market News, Oct 06th , 2020

CYPTOCURRENCY MARKET NEWS

(News No. 218)

1. Focus of Financial Information and Market:

Wall Street continued to remain green although COVID-19 continued to cling to the economy and especially influenced the

adoption of a new economic stimulus package. However, investors still expect to pass this stimulus package and continue to bet on

the possibility of economic recovery. Subscribe to the crypto newsletter for details.

The US corona virus bailout bill becomes complicated by leading Republicans testing positive for COVID-19.

Mexico revealed investment plan worth nearly 14 billion USD.

UK Finance Minister said: “The UK's debt mountain makes us vulnerable”.

1 out of 10 people may have COVID, the world is entering "a difficult time".

The US stock index continued to rise when Mr. Trump was discharged from the hospital.

Italian digital payments companies merged to create a $ 17.6 billion fintech team.

The Central Bank of Thailand issued $ 1.6 billion of government bonds on the IBM blockchain.

The DeFi fever pushes monthly Uniswap trading volume to $ 15.3 billion, surpassing Coinbase.

Coinbase resumes trading after fixing the problem on the platform.

WORLD NEWS The Degree of Influence

1

The US corona virus bailout bill is complicated by leading Republicans testing positive for

COVID-19.

A new US congressional effort to reach a new deal to inject corona virus bailout funds into the

pandemic-affected economy has become more complicated when it is announced that President

Donald Trump and the three cities Senate Republicans had a positive result for COVID-19. The

news of the three senators' positive results has left the party leader with a majority in the Senate,

Mr. Mitch McConnell announced over the weekend that the Senate meeting room will be open until

October 19. shows no imminent deal on the bill after a week of talks between Democratic House

Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin.

Neutral

2

Mexico revealed investment plans worth nearly 14 billion USD.

On Monday, Mexican government and business leaders presented a series of planned investments

worth more than 297 billion pesos ($ 13.83 billion) that President Andres Manuel Lopez Obrador

hopes to help revive the country's declining economy. From the highways, to the train line

connecting Mexico City with the central city of Queretaro and investments to consolidate state oil

company Petroleos Mexicanos (Pemex), the plans include about 39 other as the government

presentations showed.

Positive (+)

3 "The UK's debt mountain makes us vulnerable," said UK finance minister. Positive (+)

UK Finance Minister Rishi Sunak warned of the damage higher interest rates could cause to the

country's mountain of debt when he promised on Monday to "balance the books" after he raised

spending. Emergency spending to combat the corona virus crisis. The UK is, of course, the country

with the largest budget deficit since World War II, suffering about £ 200 billion ($ 259 billion) in

emergency spending, and tax revenues expected to decline after the economy slump. 20% in the

second quarter. Public debt was up to 2 trillion pounds (2.6 trillion USD).

4

1 out of 10 people may have COVID, the world is entering "a difficult time".

About 10 people may have been infected with corona virus, leaving most of the world's population

vulnerable to COVID-19 on Monday, the World Health Organization said.

Mike Ryan, WHO's lead emergency specialist, says an outbreak is breaking out in Southeast Asia

and the number of cases and deaths is increasing in parts of Europe and the eastern Mediterranean. .

"Our current best estimates tell us about 10% of the global population may have been infected with

this virus. It varies from country to country, from urban to rural, depending on the population. into

groups. But that means much of the world is still at risk. " "We are entering a difficult period. The

disease continues to spread," Ryan added.

Positive (+)

5

The US stock index continued to rise when Mr. Trump was discharged from the hospital.

The Dow Jones extended its rally late on Monday as investors rejoiced at the news that President

Donald Trump will be discharged later today.

Neutral

The Dow Jones rose 1.7% to 465 points. The S&P 500 rose 1.8 percent, while the Nasdaq

Composite rose 2.3 percent.

6

Singapore banks cooperate to develop digital trade registrations.

DBS Group and Standard Chartered are leading a group of 12 other banks in Singapore to create a

digital trade program sponsorship registry to reduce risks of trade fraud and enhance transparency.

Move of commodity trade finance firms in Singapore to create a central database to record financed

trade transactions between banks that took place after the industry lost billions of dollars due to a

series of defaults and suspected commercial fraud cases this year.

Neutral

7

Dollar falls due to growing hopes on the US stimulus package.

The dollar fell on Tuesday morning at the Asian session on hopes that the US congress will reach an

agreement on the latest stimulus measures to reduce the economic impact of COVID-19.

The US Dollar Index, down 0.03% to 93,468 at 9:52 PM ET (1:52 AM GMT).

Speaker of the House of Representatives, Nancy Pelosi, and finance minister, Steven Mnuchin,

spoke for about an hour on Monday over a phone call, with topics being discussed including

measures around the package. aid. The couple are expected to talk again later in the day. White

House chief of staff Mark Meadows added that the possibility of reaching an agreement in

parliament on economic relief measures is still there, with President Donald Trump also pledging a

signed and informed deal. by.

Positive (+)

CRYPTOCURRENCIES NEWS The Degree of Influence

1

Italian digital payments companies merged to create a $ 17.6 billion fintech team.

Italy's largest payments company Nexi has reached an agreement with its rival, SIA, to create a

giant digital payments institution with a market cap of € 15 billion (17.6 billion. dollars). It is

estimated that the new company will hold 70% of the domestic market share. According to a report

from Reuters on October 5, the full equity deal will give Nexi about 70% of the newly merged

company shares, and with SIA worth equity in the new company. is 4.6 billion euros ($ 5.4 billion).

Nexi's Advent private equity holders, Bain Capital and Clessidra will own 23% of the newly

formed fintech group.

Positive (+)

2

The Central Bank of Thailand issues $ 1.6 billion of government bonds on the IBM

blockchain.

The Bank of Thailand has launched the world's first blockchain-based government savings bond

issuance platform using IBM blockchain technology. Within two weeks of its launch, the central

bank sold more than $ 1.6 billion worth of savings bonds, according to IBM's official

announcement on October 5, 2020.

Positive (+)

3 The DeFi fever pushes monthly Uniswap trading volume to $ 15.3 billion, overtaking

Coinbase. Positive (+)

Data from Dune Analytics shows that in September, decentralized exchange Uniswap processed a

transaction volume worth $ 15,371 billion. During the same period, reports indicated that Coinbase

handled $ 13.6 billion worth of transactions.

4

Coinbase continued to trade after fixing the problem on the platform.

Coinbase Inc continued to trade on Coinbase Pro after resolving the issue with the trading platform,

the cryptocurrency exchange said on Monday. "We've implemented a fix and are tracking the

results," the company said in a tweet. The exchange previously disabled trading on Coinbase Pro

earlier in the day, saying it was investigating the issue with the platform.

Positive (+)

IZI NEWS The Degree of Influence

1

Summary of important events:

1. Plan to open deposit on Coineal.com on October 10, 2019

2. Close synchronization of Airdrop and Bounty Global balances from July 20, 2019 to November 2019,

pay 20% per month.

3. Airdrop V2 program at: https://t.me/IZIChainNetworkAirdropV2Bot

4. Update function “Transfer IZI among accounts within the system” on the website https://www.izichain.io

5. Temporarily delay deposit on coineal and will be notified later.

6. IZI launches Market Marker, part of IZIChain’s ecosystem.

For more details at : https://izichain.io/marketmarkeren.html

7. IZI is pleased to announce the go live "IZIChain Swap Crypto". The product makes it easy to exchange

between 150+ currencies.

Go to: https://izichain.io/swap-crypto

Positive (+)

2. Comparison Table for summary of important product:

Comparison Table ( In USD)

Name of Product Current Price

The price of the

previous day Change Note

Bitcoin 10,759.80 10,687.00 0.68%

Ethereum 352.24 352.36 -0.03%

Brent Oil Futures 41.5 39.45 5.20%

Crude Oil WTI Futures 39.29 37.3 5.34%

Gold 1,917.55 1,908.00 0.50%

Dow Jones 28,148.18 27,682.81 1.68%

USD index 93.493 93.909 -0.44%

3. CRYPTOCURRENCIES MARKET COMMENT

BTC

1st Support Level (Long

term) $6,100-$6,800 1st Resistance Level (

day) $20,000-$21,000

2nd Support Level (week) $7,200-$7,700 2nd Resistance Level (

week) $15,500-$17,500

3rd Support Level (day) $8,000-$8,500 3rd Resistance Level (

Long term) $12,500-$13,500

4th Support Level (short

term) $9,500-$10,000 4th Resistance Level (

Long term) $10,000-$12,000

- As previous analysis BTC price is still moving sideways and currently anchored at the $ 10,700 price zone, this is expected to be

extended in the near future as the market is still in the accumulation and observation phase. The $ 10,000 zone is still the medium

term support and this price zone is playing a very good role, breaking this zone requires relatively large trading volume. It is expected

that without a sudden spike in trading volume, the price of BTC will continue to accumulate sideways and will conquer the $ 11,000-

11,200 zone once again.

- In the medium term, we currently expect the market's rally to end around $ 6,000-7000 as long as the support zone of $ 10,000 is

broken, so the price increase in the near future will become more stable.

Recommendation:

- Short-term investors can consider trading in the range, pre-order the buy price around $ 10,000-10,200 and sell order at around

10,500- $ 10,800 or earlier. Long-term investors may consider opening more positions when the price moves back around $ 9,500-

10,000, $ 8,800-9,500 or $ 8,000-8,800.

ETH

1st Support Level (Long

term) $164-180 1st Resistance Level ( day) $720-820

2nd Support Level (week) $194-200 2nd Resistance Level (

week) $520-620

3rd Support Level (day) $220-250 3rd Resistance Level (

Long term) $430-500

4th Support Level (short

term) $255-290 4th Resistance Level (

Long term) $350-370

- ETH price is still moving sideways around $ 350 and is still well supported by $ 320, although this inn is not as strong as the $ 290-

300 zone. Without a spike in volume, it is expected that ETH price will remain sideways and accumulate. Therefore, if there is no

sudden surge, ETH price will continue to move sideways in the near future. Once sufficiently accumulated, the ETH price will move

up and break the resistance zones of $ 370, $ 400 and $ 430 respectively.

- In the medium term, in the near future, after retesting the willingness to buy in the market, the next destination in the uptrend of ETH

is around $ 500 and the next is around $ 520-620.

Recommendation:

- Short-term investors, after matching sell orders around $ 400, can place pending orders to buy around $ 290-300. Long-term traders

can buy in the zone around $ 300-350, $ 220-290 or $ 164-180 if ETH price continues to weaken.

4. GENERAL INVESTMENT RECOMMENDATIONS:

- Short-term investors can invest at the support and resistance as analyzed above.

- Long-term investors can pre-order positions in the expected areas as analyzed above.

- After a sideways period, the price of BTC had a spectacular break with the support from the spike in volume causing the previous KC

zones to be broken and the price continued to maintain the momentum with investors' sentiment FOMO private. Currently, the price

of cryptocurrencies is being well supported from the market, it is expected that in the near future, the price of cryptocurrencies will

continue to increase when the cash flow flows into this investment channel when cheap money floods the market and is not

channeled. produce timely absorption. Long-term investors can consider increasing their positions when prices continue to fall to the

expected price ranges as a profitable channel in the near future.

CONTACT:

Website: https://www.izichain.io

Newsletters: https://www.izichain.io/newsletters.html

Twitter: https://twitter.com/chain_izi

Facebook: https://www.facebook.com/izichainnetwork/

Youtube: https://www.youtube.com/channel/UCMR_QEUHAOUteFFaeLAKgdQ

Reddit: https://www.reddit.com/user/izichainnetwork/

Medium: https://medium.com/@izichainnetwork

Telegram Channel: https://t.me/izichainnetworkchannel

Telegram Global: https://t.me/izichainnetwork

Telegram Network Global: https://t.me/izichainnetworkglobal

Telegram Vietnam: https://t.me/izichainvietnam

Telegram Indonesia: https://t.me/izichainindonesia

Telegram Philippines: https://t.me/izichainphilippine

Telegram Indian: https://t.me/izichainindia

Telegram Bangladesh: https://t.me/izichainbangladesh

Telegram Persian: https://t.me/izichainiran

Telegram Turkey: https://t.me/izichainturkey

Telegram Africa: https://t.me/izichainafrica

Telegram Russian: https://t.me/izichainrussian

Market channel:

Coineal:

http://h5.coineal.com/business.html?s=IZI-USDT

https://www.coineal.com/trade_center.html

ZBG:

https://www.zbg.com/trade/izi_zt

https://www.zbg.com/trade/izi_usdt

Market information:

Coinmarketcap: https://coinmarketcap.com/currencies/izichain/

Coingecko: https://www.coingecko.com/en/coins/izichain

Coincodex: https://coincodex.com/crypto/izichain/

Livecoinwatch: https://www.livecoinwatch.com/price/IZIChain-IZI

Whitepaper: https://whitepaper.io/coin/izichain

The prediction of third channels:

https://walletinvestor.com/forecast/izichain-prediction

https://digitalcoinprice.com/forecast/izichain

Etherscan:

https://etherscan.io/token/0xdf59c8ba19b4d1437d80836b45f1319d9a429eed

NOTICE:

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reference purposes.

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