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Cryptocurrency Market Overview - 19 May 2021

Source: Wisebitcoin 2021-05-19

 

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  BTCUSD

TECHNICAL VIEW 

 

 

btc may 29 2021

As could be seen on the chart above that the pair is trading below the level of 43070. Therefore, we are bearish as long as the pair is trading below it. Our first target is 41000 followed by 40800. On the other hand, if the level of 43070 is broken, the pair might continue going upwards to reach 44000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
44500.00 41000.00
44000.00 40800.00
43070.00 40000.00

Recommended:

We are bearish as long as the pair is trading below 43070.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

eth may 19 2021

As could be seen on the chart above that the pair is trading below the level of 3400. Therefore, we are bearish as long as the pair is trading below it. Our first target is 3000 followed by 2990. On the other hand, if the level of 3400 is broken, the pair might continue going upwards to reach 3650.

 

Important Support and Resistance levels

Resistance Levels Support Levels
3800.00 3000.00
3650.00 2990.00
3400.00 2800.00

Recommended:

We are bearish as long as the pair is trading below the level of 3400.

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

xrp may 19 2021

The chart above shows that the pair is trading above a strong support level that is 1.4500. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.5500 followed by 1.6000. On the other hand, if the level of 1.4500 is broken, the pair might continue going downwards to reach 1.4200 followed by 1.3860.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1.6530 1.4500
1.6000 1.4200
1.5500 1.3860

Recommended:

We are bullish as long as the pair is trading above 1.4500.