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Industry news:
Announced by Pundi X in a blog post on Monday, the firms have entered a symbiotic relationship regarding their wallet tech, with Pundi X integrating with Samsung's Blockchain Wallet and making its XWallet available to the Galaxy S10 phone's blockchain app options.
"This presents a unique opportunity to push blockchain technology and blockchain-based digital assets into the mainstream, reaching the millions of Samsung smartphone users around the world," firm says in the post.
Technical view:
BTC is trading sideways at the price of $9.550 and it seems like it is building a bear flag for more downside. Pat attention on important resistance levels at $9.600 and $9.700.
Technical picture:
Red rising line – Bear flag pattern in creation
Gray rectangle – Resistance 1 ($9.600)
Blue rectangle – Resistance 2 ($9.700)
Orange horizontal line – Main swing low ($9.101)
Stochastic oscillator is showing bearish divergence, which is sign for potential buyers exhaustion near the level of $9.600. My advice is to watch for selling opportunities with the downward target at $9.101.
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