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Cryptocurrency Market Overview - 31 March 2021

Source: Wisebitcoin 2021-03-31

Market Overview

31 March 2021

 BTCUSDT 

 Technical view

btc march 31 2021

As could be seen on the chart above that the pair is trading above a strong support level that is 57209. Therefore, we are bullish as long as the pair is trading above it. Our targets: 61740 followed by 62000. On the other hand, if the level of 57209 is broken, the pair might continue going downwards to reach 56000 followed by 54000.

 Important Support and Resistance levels

Resistance Levels Support Levels
63000.00 57209.00
62000.00 56000.00
61740.00 54000.00
Recommended:
We are bullish as long as the pair is trading above the level of 57209.

 ETHUSDT 

 Technical view

eth march 31 2021

The chart above shows that the pair is trading above a strong support level that is 1724.66. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1941.84 then 2039.00. On the other side, if the level of 1724.66 is broken, it might continue going downwards to reach 1650 followed by 1553.21.

 Important Support and Resistance levels

Resistance Levels Support Levels
2100.00 1724.66
2039.00 1650.00
1941.84 1553.21
Recommended:
We are bullish as long as the pair is trading above 1724.66.

 XRPUSDT 

 Technical view

xrp march 31 2021

As could be seen on the chart above that the pair is trading below a strong resistance level that is 0.5970. Therefore, we are bearish as long as the pair is trading below it. Our first target is 0.5000 followed by 0.4500. On the other side, if the level of 0.5970 is broken, it might continue going upwards to reach 0.6411.

 Important Support and Resistance levels

Resistance Levels Support Levels
0.7000 0.5000
0.6411 0.4500
0.5970 0.4281
Recommended:
We are bearish as long as the pair is trading below the level of 0.5970.

Losses can exceed your deposits.