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Cryptocurrency Market Overview - 03 May 2021

Source: Wisebitcoin 2021-05-03

 

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  BTCUSD

TECHNICAL VIEW 

 

 

btc may 03 2021

As can be seen on the chart above, the pair is trading above a strong support level that is 56300. Therefore, we will be bullish as long as the pair is trading above it. Our first target is 60000 followed by 62000. On the other hand, if the level of 56300 is broken, it might continue going downwards to reach 54000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
64000.00 56300.00
62000.00 54000.00
60000.00 52000.00

Recommended:

We are bullish as long as the pair is trading above the level of 56300.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

eth may 03 2021

The chart above shows that the pair is trading above a strong support level that is 2800. Therefore, we are bullish as long as the pair is trading above it. Our targets: 3200 followed by 3300. On the other hand, if the level of 2800 is broken, it might continue going downwards to reach 2680 followed by 2500.

 

Important Support and Resistance levels

Resistance Levels Support Levels
3500.00 2800.00
3300.00 2680.00
3200.00 2500.00

Recommended:

We are bullish as long as the pair is trading above 2800.

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

xrp may 03 2021

The chart above shows that the pair is trading above a strong support level that is 1.4600. Therefore, we will be bullish as long as the pair is trading above it. Our targets: 1.7000 followed by 1.8000. On the other hand, if the level of 1.4600 is broken, the pair might continue going downwards to reach 1.4000 followed by 1.3000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1.8530 1.4600
1.8000 1.4000
1.7000 1.3000

Recommended:

We are bullish as long as the pair is trading above the level of 1.4600.