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Cryptocurrency Market Overview - 06 April 2021

Source: Wisebitcoin 2021-04-06

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  BTCUSDT

TECHNICAL VIEW 

 

 

btc april 06 2021

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.

 

Important Support and Resistance levels

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.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

eth april 06 2021

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.

 

Important Support and Resistance levels

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.

 

 

 

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  XRPUSDT

TECHNICAL VIEW 

 

 

xrp april 06 2021

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

 

Important Support and Resistance levels

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.