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Cryptocurrency Market Overview - 20 May 2021

Source: Wisebitcoin 2021-05-20

 

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  BTCUSD

TECHNICAL VIEW 

 

 

btc may 20 2021

As could be seen on the chart above that the pair is trading below the level of 43300. Therefore, we are bearish as long as the pair is trading below it. Our first target is 29550 followed by 28000. On the other hand, if the level of 43300 is broken, the pair might continue going upwards to reach 47272.

 

Important Support and Resistance levels

Resistance Levels Support Levels
50000.00 29550.00
47272.00 28000.00
43300.00 25653.00

Recommended:

We are bearish as long as the pair is trading below 43300.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

eth may 20 2021

As could be seen on the chart above that the pair is trading below the level of 2650. Therefore, we are bearish as long as the pair is trading below it. Our first target is 2000 followed by 1954. On the other hand, if the level of 2650 is broken, the pair might continue going upwards to reach 2750  followed by 2900.

 

Important Support and Resistance levels

Resistance Levels Support Levels
2900.00 2000.00
2750.00 1954.00
2650.00 1811.00

Recommended:

We are bearish as long as the pair is trading below the level of 2650.

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

xrp may 20 2021

The chart above shows that the pair is trading above a strong support level that is 0.8660. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.0000 followed by 1.1980. On the other hand, if the level of 0.8660 is broken, the pair might continue going downwards to reach 0.8000 followed by 0.7568.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1.3000 0.9440
1.1980 0.8660
1.0000 0.8000

Recommended:

We are bullish as long as the pair is trading above 0.8660