Crypto Industry News:
The Moscow authorities plan to conduct an electronic vote based on Blockchain technology in the elections to the university student council at the end of June 2019. They will establish methods that may apply to the mayor's future elections.
According to the report, the project is to be tested with the support of the Moscow Department of Information Technology (DIT) and the Moscow Election Commission (Mosgorizbirkom). Deputy head of the DIT, Artem Kostyrko, revealed that the technical specifications of the pilot program will go to the Mosizbirkom for approval in mid-May. After adopting the necessary regulations and approving the specifications by the Commission, the DIT will launch the program publicly, Kostyrko said.
In February, the city council of Moscow presented for the first time a draft law on the use of Blockchain technology in the electronic voting system. At the end of April, the Russian Duma enacted a law allowing the Moscow City Duma to conduct such a vote during the next elections to be held on September 8. The Moscow City Duma plans to secure the process and results of electronic voting using DLT technology. United Russia, the party ruling the Russian Federation, launched a platform for electronic voting in last March.
Technical Market Overview:
The ETH/USD pair has made a top for the wave B at the level of 190.95 and since then the price is coming down. The technical support at the level of 172.02 has been tested and the price has bounced a little, but the bounce might be short-lived and the move down might be continued as the wave C unfolds. The next targets are seen at the levels of 166.53 and 165.46.
Weekly Pivot Points:
WR3 - 187
WR2 - 179
WR1 - 170
Weekly Pivot - 162
WS1 - 152
WS2 - 144
WS3 - 134
Trading Recommendations:
The target for the potential wave B has been hit and easily exceeded as we can see from the chart, so all the buy order should be now well in profit. Nevertheless, the next market movement is not that clear as we got two opposite scenarios, so it is not the best time to open any new positions and it will be better to stay aside until another trading setup occurs. For all traders that still keep the buy orders open, the next target is seen at the level of 203.28, but it is unlikely to be hit before the wave C unfolds. Any violation of the level of 172.02 again will only accelerate the sell-off towards the level of 166.53 or 165.46.
