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Cryptocurrency Market Overview - 07 April 2021

Source: Wisebitcoin 2021-04-07

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  BTCUSDT

TECHNICAL VIEW 

 

 

btc april 07 2021

We are still having the pair 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 07 2021

The chart above shows that the pair is trading below a strong resistance level that is 2150. Therefore, we are bearish as long as the pair is trading below it. Our targets: 1975 followed by 1942. On the other hand, if the level of 2150 is broken, the pair might continue going upwards to reach 2200 followed by 2300.

 

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 07 2021

The chart above shows that the pair has made new highs recently. It will not be a good idea to enter the market now. So, waiting for a correction would be the best thing to be done for now. Let us wait for the pair to reach the support level of 0.9526. In case the pair reaches that level and shows up bullish evidence above it, we might go long to target the level of 1.1186.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1.1800 0.9526
1.1500 0.9200
1.1186 0.9000

Recommended:

Waiting for the pair to reach 0.9526.

Losses can exceed your deposits.