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Cryptocurrency Market Overview - 27 July 2021

Source: Wisebitcoin 2021-07-27

 

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  BTCUSD

TECHNICAL VIEW 

 

 

The chart above shows that the pair is trading below a strong resistance level that is 41430. Therefore, we are bearish as long as the pair is trading below it. Targets: 36000 followed by 35000. On the other hand, if the level of 41430 is broken, the pair might continue going upwards to reach 42000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
44000.00 36000.00
42000.00 35000.00
41430.00 34000.00

Recommended:

We are bearish as long as the pair is trading below 41430

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

The chart above shows that the pair is trading below a strong resistance level that is 2400. Therefore, we are bearish as long as the pair is trading below it. Targets: 2100 – 2000. On the other hand, if the level of 2400 is broken, the pair might continue going upwards to reach 2500 followed by 2600.

 

Important Support and Resistance levels

Resistance Levels Support Levels
2700.00 2100.00
2600.00 1900.00
2400.00 1850.00

Recommended:

We are bearish as long as the pair is trading below 2400. 

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

As could be seen on the chart above that the pair is trading above 0.5500. Therefore, we are bullish as long as the pair is trading above it. Targets: 0.7000 followed by 0.7250. On the other side, if the level of 0.5500 is broken, the pair might continue going downwards to reach 0.5300.

 

Important Support and Resistance levels

Resistance Levels Support Levels
0.7500 0.5500
0.7320 0.5300
0.7000 0.5100

Recommended:

We are bullish as long as the pair is trading above 0.5500.