Market Research
Source: Wisebitcoin 2021-06-15
The chart above shows that the pair is trading below a strong resistance level that is 41000. Therefore, we are bearish as long as the pair is trading below it, so we might go short to target 37000. However, if the level of 41000 is broken, the pair might continue going upwards to reach 43300 followed by 45000.
| Resistance Levels | Support Levels |
|---|---|
| 47183.00 | 37000.00 |
| 43332.00 | 35000.00 |
| 41000.00 | 32500.00 |
Recommended:
We are bearish as long as the pair is trading below 41000.
The chart above shows that the pair is trading above a strong support level that is 2300. Therefore, we are bullish as long as the pair is trading above it, our target 2800. However, if the level of 2300 is broken, the pair might continue going downwards to reach 2200 followed by 2100.
| Resistance Levels | Support Levels |
|---|---|
| 3000.00 | 2300.00 |
| 2950.00 | 2200.00 |
| 2800.00 | 2100.00 |
Recommended:
We are bullish as long as the pair is trading above 2300.
As could be clearly seen on the chart above that the pair is still trading above a strong support level that is 0.8000. Therefore, we will be bullish as long as the pair is trading above it. Our targets: 0.9000 followed by 1.0000. However, if the level of 0.8000 is broken, the pair might continue going downwards to reach 0.7500.
| Resistance Levels | Support Levels |
|---|---|
| 1.0830 | 0.8000 |
| 1.0000 | 0.7500 |
| 0.9000 | 0.7000 |
Recommended:
Bullish as long as it is trading above 0.8000 – bearish after a daily close below 0.8000.