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Cryptocurrency Market Overview - 08 April 2021

Source: Wisebitcoin 2021-04-08

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  BTCUSDT

TECHNICAL VIEW 

 

 

btc april 08 2021

The targets of yesterday were successfully hit. We believe that reaching the level of 59973 would make a great short opportunity. Therefore, we will be waiting for the pair to reach that zone again and show up bearish evidence below it so we can go short. On the other hand, a break below 54132 might open the door for further downward movement during the day that it might reach 53000 followed by 52000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
62000.00 54132.00
61000.00 53000.00
59973.00 52000.00

Recommended:

Waiting for a good opportunity to complete.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

eth april 08 2021

The pair successfully reached the target of yesterday and more. Now it is trading above a strong support level that is 1940. Therefore, we are bullish as long as the pair is trading above it. Our targets are 2000 followed by 2100. On the other hand, if the level of 1940 is broken, it might continue going downwards to reach 1900 followed by 1850.

 

Important Support and Resistance levels

Resistance Levels Support Levels
2300.00 1940.00
2200.00 1900.00
2100.00 1850.00

Recommended:

We are bullish as long as the pair is trading above 1940.

 

 

 

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  XRPUSDT

TECHNICAL VIEW 

 

 

xrp april 08 2021

The pair successfully reached the support level of 0.9526 but did not show bullish evidence above it. We believe that it is better to wait until it reaches the level of 0.8207 and shows up bullish evidence above it so we can go long.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1.1800 0.900
1.1500 0.8500
1.1186 0.8207

Recommended:

Waiting for the pair to reach 0.8207.

Losses can exceed your deposits.