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Cryptocurrency Market Overview - 26 March 2021

Source: Wisebitcoin 2021-03-26

 BTCUSDT 

 Technical view

btc march 26 2021

Having the pair traded below the level of 53000 might open the door for further downward movement during the day that it might reach the level of 50000 followed by 49000. On the other hand, if the level of 53000 is broken, the pair might be heading upwards to hit 54000 followed by 56000.

 Important Support and Resistance levels

Resistance Levels Support Levels
56000.00 50000.00
54000.00 49500.00
53000.00 48570.56
Recommended:

We are bearish as long as the pair is trading below the level of 53000.

 ETHUSDT 

 Technical view

eth march 26 2021

The chart above shows that the pair is trading below a strong resistance level that is 1650. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1500 followed by 1454.92. On the other side, if the level of 1650 is broken, it might continue going upwards to reach 1750.

 Important Support and Resistance levels

Resistance Levels Support Levels
1870.33 1500.00
1750.00 1454.92
1650.00 1304.31
Recommended:
We are bearish as long as the pair is trading below the level of 1650.

 XRPUSDT 

 Technical view

xrp march 26 2021

We will be following the analysis of yesterday as follows: The chart above shows that the pair is trading in a tight range.  So we could wait for the pair to reach the resistance level of 0.5977 (Where we can go short in case it shows up bearish evidence below it) to target the level of 0.4275. On the other hand, if the pair reaches the level of 0.4275 and shows up bullish evidence above it, we can go long to target the level of 0.5977. Breakouts could also happen, so be ready for changing the scenarios.

 Important Support and Resistance levels

Resistance Levels Support Levels
0.7000 0.4275
0.6443 0.3708
0.5977 0.3000
Recommended:

Waiting for the pair to reach the levels mentioned in the report.

Losses can exceed your deposits.