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Cryptocurrency Market Overview - 09 June 2021

Source: Wisebitcoin 2021-06-09

 

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  BTCUSD

TECHNICAL VIEW 

 

 

The chart above shows that the pair is above reaching a strong support level that is 30300 – 29450. Therefore, we will be waiting for the pair to reach that area then if it shows up bullish evidence above it, we might go long to target 35000. On the other hand, if the level of 29000 is broken, the pair might continue going downwards to reach 28000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
45000.00 30300.00
43176.00 29450.00
40339.00 29000.00

Recommended:

Waiting for the pair to reach 29450.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

As could be seen on the chart above that the pair is trading below a strong resistance level that is 2900. Therefore, we are bearish as long as the pair is trading below it. Our first target is 2600 followed by 2400. However, if the level of 2900 is broken, the pair might continue going upwards to reach 3000 followed by 3200.

 

Important Support and Resistance levels

Resistance Levels Support Levels
3200.00 2190.00
3000.00 2100.00
2900.00 2000.00

Recommended:

We are bearish as long as the pair is trading below 2900.

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

The pair reached the target of yesterday at 0.8000. Therefore, we will be waiting for a breakout of the level 0.8000 (daily close) then we can go short to target 0.7500 followed by 0.7000. However, as the pair is trading above 0.8000, it might push the pair further upwards so that it might reach 1.0000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1.3000 0.8000
1.2000 0.7500
1.0900 0.7000

Recommended:

Bullish as long as it is trading above 0.8000 – bearish after a daily close below 0.8000.