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Cryptocurrency Market Overview - 01 Sep 2021

Source: Wisebitcoin 2021-09-01

 

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  BTCUSD

TECHNICAL VIEW 

 

 

Update: The pair started going upwards as expected and it is trading again above the support level.
Main: The chart above shows that the pair is above reaching a strong support zone (46300 – 43000). Therefore, we will be waiting for the pair to reach this area and in case it shows up bullish evidence above it, we might go long to target: 47000 – 48000. On the other hand, if the level of 43000 is broken, the pair might continue going downwards to reach 42230.

 

 

Important Support and Resistance levels

Resistance Levels Support Levels
49300.00 46760.00
48400.00 46300.00
47000.00 43000.00

Recommended:

We are bullish as long as the pair is trading above 43000.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

Update: Targets were hit. More bullishness is expected as long as it is above 3350 with targets: 3650.
Main: The chart above shows that the pair is about to reach a strong support level that is 3140. Therefore, we will be waiting for the pair to reach that area and in case it shows up bullish evidence above it, we might go long to target 3350. On the other hand, if the level of 3140 is broken, the pair might continue going downwards to reach 3000 followed by 2920.

 

 

Important Support and Resistance levels

Resistance Levels Support Levels
3650.00 3140.00
3600.00 3000.00
3350.00 2920.00

Recommended:

We are bearish as long as the pair is trading below 3350.

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

Update: The pair managed to break through 1.1600. So, the pair might continue going upwards to reach 1.3000.
Main: The chart above shows that the pair is trading below a strong resistance level that is 1.1600. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0550 followed by 1.0000. On the other hand, if the level of 1.1600 is broken, the pair might continue going upwards to reach 1.1800.

 

 

Important Support and Resistance levels

Resistance Levels Support Levels
1.2000 1.0550
1.1800 1.0000
1.1600 0.9600

Recommended:

We are bearish as long as the pair is trading below 1.1600.