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Cryptocurrency Market Overview - 07 May 2021

ソース: Wisebitcoin 2021-05-07

 

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  BTCUSD

TECHNICAL VIEW 

 

 

btc may 07 2021

We will follow the same analysis as yesterday. As could be seen on the chart above that the pair is trading below a strong resistance level that is 58800. Therefore, we are bearish as long as the pair is trading below it. Our first target is 56000 followed by 54000. On the other hand, if the level of 58800 is broken, the pair might continue going upwards to reach 61174.

 

Important Support and Resistance levels

Resistance Levels Support Levels
62000.00 56000.00
61174.00 54000.00
58800.00 52988.00

Recommended:

We are bearish as long as the pair is trading below the level of 58800.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

eth may 07 2021

The chart above shows that the pair is trading below a strong resistance level that is 3550. Therefore, we are bearish as long as the pair is trading below it. Our targets: 3400 followed by 3300. On the other hand, if the level of 3550 is broken, it might continue going upwards to reach 3650 followed by 3800.

 

Important Support and Resistance levels

Resistance Levels Support Levels
3800.00 3400.00
3650.00 3300.00
3550.00 3280.00

Recommended:

We are bearish as long as the pair is trading below 3550.

 

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

xrp may 07 2021

As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.8000. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.5000 followed by 1.4800. On the other hand, if the level of 1.8000 is broken, the pair might continue going upwards to reach 1.8500.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1.9580 1.5000
1.9000 1.4800
1.8000 1.4463

Recommended:

We are bearish as long as the pair is trading below the level of 1.8000.