Market Research
Source: Wisebitcoin 2021-12-31
Update: No changes. More bearishness is expected with targets: 45340.
Main: The chart above shows that the pair is trading below a strong resistance level that is 52000. Therefore, we are bearish as long as the pair is trading below it with targets: 46000 - 45000. On the other hand, if the level of 52000 is broken, the pair might reach 55000 followed by 58000.
| Resistance Levels | Support Levels |
|---|---|
| 60000.00 | 45000.00 |
| 55000.00 | 40000.00 |
| 52000.00 | 34000.00 |
Recommended:
We are bearish as long as the pair is below 52000.
Update: We remain the same. A close below 3500 would open the door for 3370.
Main: The chart above shows that the pair is trading below 4200. Therefore, we are bearish as long as the pair is trading below it with targets: 3800 followed by 3600. On the other hand, if the level of 4200 is broken, the pair might reach 4300 followed by 4400.
| Resistance Levels | Support Levels |
|---|---|
| 4600.00 | 3600.00 |
| 4300.00 | 3200.00 |
| 4200.00 | 3000.00 |
Recommended:
We are bearish as long as the pair is trading below 4200.
Update: No changes. 1st target was hit. Waiting for our 2nd target.
Main: The chart above shows that the pair is trading below a strong resistance level that is 1.0168. Therefore, we are bearish as long as the pair is trading below it with targets: 0.8000 followed by 0.7800. On the other hand, if the level of 1.0168 is broken, the pair might reach 1.2000.
| Resistance Levels | Support Levels |
|---|---|
| 1.1000 | 0.7500 |
| 1.0168 | 0.7000 |
| 0.9000 | 0.6500 |
Recommended:
We are bearish as long as the pair is below 1.0168.