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Cryptocurrency Market Overview - 04 May 2021

Source: Wisebitcoin 2021-05-04

 

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  BTCUSD

TECHNICAL VIEW 

 

 

btc may 04 2021

The chart above shows that the pair is trading below a strong resistance level that is 58867. Therefore, we are bearish as long as the pair is trading below it. Our first target is 54000 followed by 52400. On the other hand, if the level of 58867 is broken, the pair might continue going upwards to reach 60000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
60000.00 54000.00
58867.00 52400.00
58000.00 50000.00

Recommended:

We are bearish as long as the pair is trading below the level of 58867.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

eth may 04 2021

The chart above shows that the pair is trading above a strong support level that is 3000. Therefore, we are bullish as long as the pair is trading above it. Our targets: 3400 followed by 3600. On the other hand, if the level of 3000 is broken, it might continue going downwards to reach 2855 followed by 2700.

 

Important Support and Resistance levels

Resistance Levels Support Levels
3600.00 3000.00
3500.00 2855.22
3400.00 2700.00

Recommended:

We are bullish as long as the pair is trading above 3000.

 

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

xrp may 04 2021

As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.6630. Therefore, we are bearish as long as the pair is trading below it. Our targets: 1.2890 followed by 1.1500. On the other hand, if the level of 1.6630 is broken, it might continue going upwards to reach 1.7000 followed by 1.8000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1.8000 1.2890
1.7000 1.1000
1.6630 1.0324

Recommended:

We are bearish as long as the pair is trading below the level of 1.6630.