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Cryptocurrency Market Overview - 01 April 2021

Source: Wisebitcoin 2021-04-01

Market Overview

01 April 2021

 BTCUSDT 

 Technical view

btc april 1 2021

As we suggested yesterday that the pair would continue going upwards. Therefore, we are bullish since the pair is still trading above the strong support level of 58000. Therefore, we are bullish as long as the pair is trading above it. Our targets: 61500 followed by 61793. On the other hand, if the level of 58000 is broken, the pair might continue going downwards to reach 56962 followed by 54000.

 Important Support and Resistance levels

Resistance Levels Support Levels
61793.66 58000.00
61500.00 56962.00
60000.00 54000.00
Recommended:
We are bullish as long as the pair is trading above the level of 58000.

 ETHUSDT 

 Technical view

eth april 01 2021

The chart above shows that the pair is trading above a strong support level that is 1850. Therefore, we are bullish as long as the pair is trading above it. Our first target is 2000, then 2031. On the other side, if the level of 1850 is broken, it might continue going downwards to reach 1750 followed by 1669.65.

 Important Support and Resistance levels

Resistance Levels Support Levels
2100.00 1850.00
2031.72 1750.00
2000.00 1669.65
Recommended:
We are bullish as long as the pair is trading above 1850.

 XRPUSDT 

 Technical view

xrp april 01 2021

As could be seen on the chart above that the pair is trading below a strong resistance level that is 0.5970. Therefore, we are bearish as long as the pair is trading below it. Our first target is 0.5000 followed by 0.4500. On the other side, if the level of 0.5970 is broken, it might continue going upwards to reach 0.6411.

 Important Support and Resistance levels

Resistance Levels Support Levels
0.7000 0.5000
0.6411 0.4500
0.5970 0.4281
Recommended:
We are bearish as long as the pair is trading below the level of 0.5970.

Losses can exceed your deposits.