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Cryptocurrency Market Overview - 07 Sep 2021

Source: Wisebitcoin 2021-09-07

 

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  BTCUSD

TECHNICAL VIEW 

 

 

Main: The chart above shows that the pair is above reaching a strong support level that is 51500. Therefore, we are bullish as long as the pair is trading above it with targets: 55000 - 58000. On the other hand, if the level of 51500 is broken, the pair might continue going downwards to reach 50000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
63875.00 51500.00
61000.00 50000.00
59500.00 49000.00

Recommended:

We are bullish as long as the pair is trading above 51500.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

Main: The chart above shows that the pair is trading below a strong resistance level that is 3985. Therefore, we are bearish as long as the pair is trading below it with targets: 3820 followed by 3700. On the other hand, if the level of 3985 is broken, the pair might continue going upwards to reach 4180.

 

Important Support and Resistance levels

Resistance Levels Support Levels
4300.00 3820.00
4186.00 3700.00
3985.00 3500.00

Recommended:

We are bearish as long as the pair is trading below 3985.

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

Main: As could be seen on the chart above that the pair is trading above a strong support level that is 1.3450. Therefore, we are bullish as long as the pair is trading above it with targets: 1.5000. On the other hand, if the level of 1.3450 is broken, the pair might continue going downwards to reach 1.3000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1.6900 1.3450
1.6000 1.3000
1.5000 1.2500

Recommended:

We are bullish as long as the pair is trading above 1.3450.