Research
Source: Wisebitcoin 2021-04-06
The chart above shows that the pair is trading below a strong resistance level that is 60177.50. Therefore, we are bearish as long as the pair is trading below it. Our targets: 57000 followed by 55200. On the other hand, if the level of 60177.50 is broken, the pair might continue going upwards to reach 61500.
| Resistance Levels | Support Levels |
|---|---|
| 62860.00 | 57000.00 |
| 61500.00 | 55200.00 |
| 60177.50 | 54213.70 |
Recommended:
We are bearish as long as the pair is trading below the level of 60177.50.
After the pair reached the target of yesterday, we will remain bullish but under one condition that the level of 2150 gets broken so, it might continue going upwards to reach 2200 followed by 2300. On the other hand, if the level of 2150 is not broken, the pair might return to the level of 2000.
| Resistance Levels | Support Levels |
|---|---|
| 2300.00 | 1975.62 |
| 2200.00 | 1942.33 |
| 2150.00 | 1850.00 |
Recommended:
In the long run, we are bullish as long as the pair is trading above 1975.
The pair hit all of our targets (of yesterday). We will remain bullish but there is a big gap between the current price of the market and the support level of 0.7485 (Strong support level). We believe that it is better to wait for the pair to reach either 0.8000 or 0.7485, which is where we can look for bullish evidence. In case the pair reaches those levels, we might go long to target 0.9000. On the other hand, if the pair manages to break below the level of 0.7485, then it might continue going downwards to reach 0.7000
| Resistance Levels | Support Levels |
|---|---|
| 1.0000 | 0.8000 |
| 0.9520 | 0.7485 |
| 0.9000 | 0.7000 |
Recommended:
Waiting for the pair to reach either 0.8000 or 0.7485.
Losses can exceed your deposits.