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Cryptocurrency Market Overview - 25 Nov 2021

Source: Wisebitcoin 2021-11-25

 

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  BTCUSD

TECHNICAL VIEW 

 

 

Update: The candle of yesterday was very small. The pair is still trading above 55700. Therefore, we remain bullish.
Main: As could be seen on the chart above that the pair is trading above 55700. Therefore, we are bullish as long as the pair is trading above it with targets: 60000 followed by 62000. On the other hand, if the level of 55700 is broken, the pair might continue going downwards to reach 54000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
66000.00 55700.00
62000.00 54000.00
60000.00 52870.00

Recommended:

We are bullish as long as the pair is trading above 55700.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

Update: We are still waiting for a breakout above 4420 so the pair can reach 4650. Otherwise, we are bearish as the pair might reach 4200.
Main: We will be waiting for the pair to reach 3967 – 3900 as there will be a support level. Therefore, we are bullish as long as the pair is trading above it with targets: 4420 followed by 4600. On the other hand, if the level of 3900 is broken, the pair might go downwards to reach 3800 followed by 3500.

 

Important Support and Resistance levels

Resistance Levels Support Levels
4830.00 3967.00
4600.00 3900.00
4424.00 3800.00

Recommended:

We are bullish as long as the pair is trading above 3900.

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

Update: No changes as the pair is still trading above 0.9960.
Main: The chart above shows that the pair is trading above a strong support level that is 0.9960. Therefore, we are bullish as long as the pair is trading above it with targets: 1.1500 followed by 1.2100. On the other hand, if the level of 0.9960 is broken, the pair might continue going downwards to reach 0.9500 followed by 0.9000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1.3000 0.9960
1.2100 0.9500
1.1500 0.9000

Recommended:

We are bullish as long as the pair is trading above 0.9960.