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Cryptocurrency Market Overview - 08 June 2021

Source: Wisebitcoin 2021-06-08

 

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  BTCUSD

TECHNICAL VIEW 

 

 

As could be clearly seen on the chart that the pair has been trading below a strong resistance level that is 40340. Therefore, we are bearish as long as the pair is trading below it. Our targets: 31358 followed by 30000. However, if the level of 40340 is broken (daily close needed), then we can go long to target 43170 followed by 45000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
45000.00 31358.00
43176.00 30000.00
40339.00 29498.00

Recommended:

We are bearish as long as the pair is trading below 40340. We are bearish as long as the pair is trading below 40340.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

As could be seen on the chart above that the pair is trading below a strong resistance level that is 2900. Therefore, we are bearish as long as the pair is trading below it. Our first target is 2600 followed by 2400. However, if the level of 2900 is broken, the pair might continue going upwards to reach 3000 followed by 3200.

 

Important Support and Resistance levels

Resistance Levels Support Levels
3200.00 2600.00
3000.00 2400.00
2900.00 2000.00

Recommended:

We are bearish as long as the pair is trading below 2900.

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.0900. Therefore, we are bearish as long as the pair is trading below it. Our first target is 0.8000 followed by 0.7500. However, if the level of 1.0900 is broken, the pair might continue going upwards to reach 1.2000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1.3000 0.8000
1.2000 0.7500
1.0900 0.7000

Recommended:

We are bearish as long as the pair is trading below 1.0900.