EXCHANGE

PROMOTION

PARTNERSHIP

NEWS & RESEARCH

Market Research

Market Research

Cryptocurrency Market Overview - 24 Aug 2021

Source: Wisebitcoin 2021-08-24

 

logo

  BTCUSD

TECHNICAL VIEW 

 

 

Main: As could be seen on the chart above that the pair is trading above a strong support level that is 48100. Therefore, we are bullish as long as the pair is trading above it with targets: 52000 followed by 52500. On the other hand, if the level of 48100 is broken, the pair might continue going downwards to reach 46000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
54000.00 48100.00
52500.00 46000.00
52000.00 44000.00

Recommended:

We are bullish as long as the pair is trading above 48100.

 

 

logo

  ETHUSDT

TECHNICAL VIEW 

 

 

Main: The pair again is trading below the level of 3335 (Last week’s level). Therefore, we are bearish as long as the pair is trading below it. Targets: 3000. On the other hand, if the level of 3335 is broken, the pair might continue going upwards to reach 3500 followed by 3650.

 

Important Support and Resistance levels

Resistance Levels Support Levels
3650.00 3000.00
3500.00 2900.00
3335.00 2750.00

Recommended:

We are bearish as long as the pair is trading below 3335.   

 

 

logo

  XRPUSDT    

TECHNICAL VIEW 

 

 

Main: The chart above shows that the pair is trading below a strong resistance level that is 1.3530. Therefore, we are bearish as long as the pair is trading below it with targets: 1.1500 followed by 1.1000. On the other hand, if the level of 1.3530 is broken, the pair might continue going upwards to reach 1.4000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1.5000 1.1500
1.4000 1.1000
1.3530 1.0000

Recommended:

We are bearish as long as the pair is trading below 1.3530.