EXCHANGE

PROMOTION

PARTNERSHIP

NEWS & RESEARCH

Market Research

Market Research

Cryptocurrency Market Overview - 05 Nov 2021

Source: Wisebitcoin 2021-11-05

 

logo

  BTCUSD

TECHNICAL VIEW 

 

 

Update: Some bearishness is expected during the day as long as the pair is trading below 63875 that it might reach 60000.
Main: As could be seen on the chart above that the pair is trading above 57900. Therefore, we are bullish as long as the pair is trading above it with targets: 64000 followed by 66000. On the other hand, if the level of 57900 is broken, the pair might continue going downwards to reach 56000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
66960.00 57900.00
66000.00 56000.00
64000.00 54000.00

Recommended:

We are bullish as long as the pair is trading above 57900.

 

 

logo

  ETHUSDT

TECHNICAL VIEW 

 

 

Update: We remain bullish as long as the pair is trading above 4300 with a target of 4700.
Main: The chart above shows that the pair is trading above a strong support level that is 4160. Therefore, we are bullish as long as the pair is trading above it with targets: 4460 followed by 4600. On the other hand, if the level of 4160 is broken, the pair might go downwards to reach 4000 followed by 3900.

 

Important Support and Resistance levels

Resistance Levels Support Levels
4800.00 4160.00
4600.00 4000.00
4460.00 3900.00

Recommended:

We are bullish as long as the pair is trading above 4160.

 

 

logo

  XRPUSDT    

TECHNICAL VIEW 

 

 

Update: The pair showed a bearish candle yesterday. Therefore, we are bearish as long as it is trading below 1.2500 with a target of 1.1200. Breaking above 1.2500 would open the door for the pair to reach 1.3000.
Main: As could be seen on the chart above that the pair has been trading below a strong resistance level that is 1.2200. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0000 followed by 0.9500. On the other hand, if the level of 1.2200 is broken, the pair might continue going upwards to reach 1.2500 followed by 1.3000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1.2195 1.0000
1.1860 0.9500
1.1260 0.9000

Recommended:

We are bearish as long as the pair is trading below 1.2200.