Research
Source: Wisebitcoin 2021-04-07
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.
| 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.
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.
| 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 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.
| 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.