Market News, April 16th , 2020

CYPTOCURRENCY MARKET NEWS

(News No. 144)

1. Focus of Financial Information and Market:

US gasoline reserves continue to rise sharply, fear in the financial reporting season is threatening hopes of the V-shaped

recovery of stock indices, along with economic indicators show that US manufacturing sector is declining at a record level, showing

that the ghost of virus continues to cling to investors. Follow the digital newsletter for details.

• Oil inventories soared 19.25 million barrels last week.

• Confidence of home builders plummeted from the effects of corona virus.

• North Korean hacker attacks threaten the US global financial system.

• The United States production output has dropped the biggest since 1946.

• Best Buy reduced 51,000 working hours for employees in the United States.

• Stock indexes continued to decline before economic data and the business results report weakened the hope of a V-shaped

recovery.

• Etherscan launches fraud monitoring and blacklist monitoring tools.

• ShapeShift acquires Portis wallet to expand user access to DeFi field.

• Digital Yuan is expected to be tested in four major cities.

WORLD NEWS The Degree of Influence

1

Oil inventories soared 19.25 million barrels last week.

US crude stockpiles soared last week, according to the Energy Information Administration (EIA)

reported on Wednesday, as demand destruction from the Covid-19 pandemic continued.

The EIA said oil inventories rose by 19.25 million barrels in the week to April 3. That's compared

to expectations for only about 11.7 million barrels, which is a big difference. Gasoline stocks rose

by 4.9 million barrels, compared with forecasts for an increase of about 6.4 million barrels.

Distillate stocks rose 6.3 million barrels, compared with expectations for 1.4 million barrels.

Positive (+)

2

Confidence of home builders plunged from the effects of the corona virus.

US housing gender sentiment plummeted in April to its lowest level in more than seven years as the

corona virus pandemic left potential buyers in quarantine and paralyzed construction in much of the

country. Builders' confidence has dropped to 30 from 72 in March, according to the latest National

Housing Association / Wells Fargo Housing Association's Housing Market index released

Wednesday. It is the largest monthly decline in the index's 30-year history and the lowest level

since June 2012. The unprecedented decline was due to the outbreak of corona virus nationwide,

due to unemployment. has soared and supply chain gaps have hindered construction activities, the

group's president, Dean Mon, said in a statement.

Positive (+)

3

Hacking attacks on North Korea threaten the global financial system of the United States.

On Wednesday US government officials warned of the threat of hackers from North Korea, and

called for special attention to the banking system and other financial services.

The reason for the advice is currently unclear, but it was issued by the U.S. Department of State, the

Department of Finance, and the Department of Homeland Security and the Federal Bureau of

Investigation. North Korean hackers have long been accused of targeting financial institutions and

the warning content appears to be drawn based on existing documents. North Korea is accused of

being behind an ambitious digital theft campaign that lasted years, including withdrawing tens of

millions of dollars in cash from ATMs, carrying out massive theft at major banks. , blackmail

computer users around the world and usurp cryptocurrency exchanges. US officials say North

Korea's online activities "threaten the United States and countries around the world and in

particular, pose a significant threat to the integrity and stability of the financial system.

international."

Neutral

4

US production output has dropped the biggest since 1946.

US manufacturing output plunged the most in just over 74 years in March when the new supply

chain broke down due to the corona virus pandemic, showing that the business investment group

declined further in the first quarter. On Wednesday the Federal Reserve said production fell sharply

by 6.3% in the previous month, the largest decline since February 1946. Data for February was

Positive (+)

revised down to show that production The factory output decreased by 0.1% instead of 0.1% as

previously reported. Economists participating in the Reuters survey forecast a 3.2% drop in

production output in March. Manufacturing at factories fell by an annual rate of 7.1% in the first

quarter, the strongest since. The first quarter of 2009, after declining at a rate of 0.5% between

October and December. Manufacturing, accounting for 11% of the US economy, was struggling

from the collapse of the trade war. of the Trump administration to China before the corona virus

attacked the United States.

5

Best Buy reduced 51,000 working hours for employees in the United States.

Best Buy Co Inc said it will reduce approximately 51,000 hours of store employees in the United

States with sales down about 5% in the first two months of the current quarter, and the retailer

closed stores due to pandemic caused by corona virus. The company said that starting next week,

some of its employees will also participate in workweeks and voluntary wage reductions, while

management and board of directors will also be given a pay cut. However, Best Buy will retain

about 82% of full-time employees at the store and its main staff.

Positive (+)

6

Stock indexes continued to fall in front of economic data and business results reported the

hope of a V-shaped recovery.

The Dow Jones index fell 1.86%, or 445 points, but sometimes dropped to 716 points - the intraday

low. The S&P 500 is down 2.2% and the Nasdaq Composite is down 1.44%.

Positive (+)

The expectation of economic growth strengthened investors' hopes for an upcoming strong

recovery, but before economic data, including a record decline in retail sales, showed optimism.

The agency may have been overboard. The Commerce Department said on Wednesday that retail

sales were down 8.7% last month, confusing economists, while forecasting a decline of only 8%.

But the stock price, which controls retail sales - which has a bigger impact on US GDP - has risen

by 1.7%, compared to a 2% forecast. Goldman Sachs, Citigroup and Bank of America, meanwhile,

reported a previously expected drop in profits, ending the session with a close of 6% lower. The trio

of banks also increased their credit loss reserves to billions of dollars amid expectations of a surge

in default loans from customers in the coming months. Energy continues to lead the market, with oil

prices falling to less than 18 years despite reports of the White House considering plans to pay

mining companies to stop production. back to crude oil oversupply.

CRYPTOCURRENCIES NEWS The Degree of Influence

1

Etherscan launches fraud monitoring and blacklist monitoring tools.

The well-known Ethereum (ETH) block explorer Etherscan has launched a monitoring tool based

on the self-learning mechanism of artificial intelligence technology to flag ETH cryptocurrencies

and wallets related to illegal activity. France. Wallets with origins from illegal sources will now be

blacklisted - allowing users to identify the source of the money they receive.

Positive (+)

Etherscan announced its ETHProtect detection system in a blog post on April 14. ETHProtect will

generate daily user reports of suspicious phishing activities that will be reviewed and verified by

Etherscan security research analysts.

2

The Russian Ministry of Communications added the Blockchain Waves Enterprise platform to

the official registry.

The Russian Ministry of Communications has added Waves Enterprise to the Russian Software

Integration Registry for Computers and Databases. Documents released by the Russian Ministry of

Communications on April 7 show Waves Enterprise has been added to the list and described as

"cloud-based distributed ledger service and virtualization and data storage services. Whether". The

list aims to ensure high standards of information security for the authorities by proposing information

technology products for use in Russian government agencies.

Positive (+)

3

ShapeShift acquired Portis wallet to expand its users' access to the DeFi field.

ShapeShift has acquired Israel's Portis wallet. Founded in 2018, Portis is a cryptocurrency wallet

software that was first integrated into ShapeShift last November as part of the exchange's plan to

pursue self-monitoring solutions that do not require. Demand for investors to use physical wallets.

Positive (+)

4

The digital Yuan is expected to test in four major cities.

Ling Zhang, the CEO of M&A, Global Fiat, of the cryptocurrency exchange Binance first shared

these images on April 14, then was quoted again by the CEO of Binance. , Changpeng Zhao.

Positive (+)

According to Ling Zhang, the application is available for download in four cities selected for initial

testing - Shenzhen, Chengdu, Suzhou and Xiongan. She emphasized that Xiongan City, a new city

on the outskirts of Beijing, was once dubbed the "smart city project".

Xiongan New City will have an intelligent infrastructure that will expand its satellite information

services, sensor identification, 5G networks, supercomputers and large databases. The city has

attracted technology giants of the country Tencent, Alibaba, JD.com and Yahoo, and President Xi

Jinping has visited many times.

Screenshot of a deliberate trial version of an upcoming

Chinese yuan wallet application circulating on social media.

IZI NEWS The Degree of Influence

1 Summary of important events:

1. Plan to open deposit on Coineal.com on October 10, 2019 Positive (+)

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

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 6,634.30 6,872.40 -3.46%

Ethereum 153.2 158.54 -3.37%

Brent Oil Futures 27.95 29.6 -5.57%

Crude Oil WTI Futures 20.16 20.11 0.25%

Gold 1,742.90 1,768.90 -1.47%

Dow Jones 23,506.85 23,949.76 -1.85%

USD index 99.605 98.885 0.73%

3. CRYPTOCURRENCIES MARKET COMMENT

BTC

1st Support Level

(Long term)

$760-1,700 1st Resistance Level

( day)

$8,800-$9,500

2nd Support Level

(week)

$1,800-3,700 2nd Resistance Level

( week)

$8,000-$8,500

3rd Support Level

(day)

$3,700-$4,000 3rd Resistance Level

( Long term)

$7,200-$7,700

4th Support Level

(short term)

$5,000-$5,400 4th Resistance Level

( Long term)

$6,100-$6,800

- Currently, BTC is still anchored at the support price of $ 6,500-6,800 with the conflict between buyers and sellers, the possibility of

this price area will be stretched and may be broken through the support price area. If the bulls weaken, the probability is probable and

then the next HT price zone will be around the $ 6,200 zone or if the situation gets worse, the price could return to around $ 5,300-

5,500. Unless there is a big change in trading volume in a short time, it can support the market and the uptrend will continue and BTC

will have the opportunity to conquer the price area of $ 7,200 and $ 8,000.

- Currently BTC is conquering the previously lost HT thresholds, if successfully conquered, the medium-term trend will officially

change the trend. In the long run, the trend remains unchanged.

Recommendation:

- Short-term investors can reduce their available positions before the decline when the price returns to around $ 7,700-8,000 and place

additional buy orders around $ 6,100 or $ 4,000-5,500 when the market returns to the correcting trend. Long-term investors can

consider opening a position as prices move around the $ 4,000-4,5000 $ 3,800 and $ 1,900 areas.

ETH

1st Support Level (Long

term)

$50 1st Resistance Level (

day)

$200-255

2nd Support Level

(week)

$85 2nd Resistance Level (

week)

$194-200

3rd Support Level (day) $90 3rd Resistance Level (

Long term)

$164-180

4th Support Level (sort

term)

$100-120 4th Resistance Level (

Long term)

$135-146

- ETH is still more inclined to move sideways than increase prices. Currently, the price is still showing the struggling of the buying and

selling sides, although the buying side is weaker and being pressured by the selling side, if the pressure continues to increase, it is

likely that ETH will have to return. $ 146 price zone. If the bulls continue to weaken, the range around $ 146-164 will be broken.

Until now, ETH has not been supported by the cash flow, and without the sudden change in trading volume, it is unlikely that the

price will increase and conquer previously lost price areas. At that point, HT prices can expect strong support to be around $ 120-122.

- If ETH cannot conquer the previous HT thresholds, it will confirm a trend change in the medium term. The long-term trend is

currently unchanged.

Recommendation:

- Short-term investors can reduce the previous proportion when the price is around $ 180-200 and place a buy position at around $ 135-

146 or $ 120-122 when the market returns to the correcting trend. Long-term investors can continue to buy around $ 122, $ 84 or $ 40

if the ETH price continues to weaken.

4. GENERAL INVESTMENT RECOMMENDATIONS:

- Short-term investors may have the swing trading within range of the SL &RL as analyzed above.

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

- With the recent sharp decline, BTC price is unlikely to recover immediately. This recovery requires a cumulative period of sideways

movement or there could be another decline as a test of investors' willingness to buy. Investors who do not like short tearm investment

may reduce the proportion in the coming short-term rally. Long-term investors can consider increasing the position when the price

continues to decline to the expected price areas.

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/

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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

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