EXCHANGE

PROMOTION

WISE Saving

PARTNERSHIP

NEWS & RESEARCH

Research

Market Research

Cryptocurrency Market Overview - 24 June 2021

Source: Wisebitcoin 2021-06-24

 

logo

  BTCUSD

TECHNICAL VIEW 

 

 

Warning: Do not be deceived by the long shadow of yesterday’s candle – We remain bullish. As could be seen on the chart above, the pair is trading above a strong support level of 29000. Therefore, we will be bullish as long as the pair is trading above it. Our targets: 38000 followed by 40000. On the other hand, if the level of 31000 is broken, the pair might continue declining so that it might reach the level of 29000 followed by 28000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
38500.00 31000.00
36000.00 30000.00
34000.00 29000.00

Recommended:

We are bullish as long as the pair is trading above 29000.

 

 

logo

  ETHUSDT

TECHNICAL VIEW 

 

 

A bullish engulfing pattern is now supporting our bullish scenario. The chart above shows that the pair might continue going downwards to reach 1750, which is a strong support level of 1750. Therefore, we are bullish as long as the pair is trading above it, our target is 2000. On the other hand, if the level of 1750 is broken, the pair might continue going downwards to reach 1700 followed by 1650.

 

Important Support and Resistance levels

Resistance Levels Support Levels
2630.00 1750.00
2400.00 1700.00
2200.00 1650.00

Recommended:

We are bullish as long as the pair is trading above 1750.

 

 

logo

  XRPUSDT    

TECHNICAL VIEW 

 

 

As could be seen on the chart above that the pair has formed a bullish engulfing pattern above the support level of 0.5430. Therefore, we will be bullish as long as the pair is trading above it. Our targets: 0.6600 followed by 0.7000. On the other hand, if the level of 0.5400 is broken, the pair might continue going downwards to reach 0.5000 followed by 0.4600.

 

Important Support and Resistance levels

Resistance Levels Support Levels
0.7500 0.5400
0.7000 0.5000
0.6600 0.4600

Recommended:

We are bullish as long as the pair is trading above 0.5400