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Cryptocurrency Market Overview - 14 June 2021

Source: Wisebitcoin 2021-06-14

 

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  BTCUSD

TECHNICAL VIEW 

 

 

The chart above shows that the pair is trading below a strong resistance level that is 40888. Therefore, we are bearish as long as the pair is trading below it, so we might go short to target 37000. However, if the level of 40888 is broken, the pair might continue going upwards to reach 43300 followed by 45000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
47183.00 37000.00
43332.00 35000.00
40888.00 32500.00

Recommended:

We are bearish as long as the pair is trading below 40888.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

The chart above shows that the pair is trading above a strong support level that is 2300. Therefore, we are bullish as long as the pair is trading above it, our target 2800. However, if the level of 2300 is broken, the pair might continue going downwards to reach 2200 followed by 2100.

 

Important Support and Resistance levels

Resistance Levels Support Levels
3000.00 2300.00
2950.00 2200.00
2800.00 2100.00

Recommended:

We are bullish as long as the pair is trading above 2300.

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

As could be clearly seen on the chart above, the pair is still trading above a strong support level that is 0.8000. Therefore, we will be bullish as long as the pair is trading above it. Our targets: 0.9000 followed by 1.0000. However, if the level of 0.8000 is broken, the pair might continue going downwards to reach 0.7500.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1.0830 0.8000
1.0000 0.7500
0.9000 0.7000

Recommended:

Bullish as long as it is trading above 0.8000 – bearish after a daily close below 0.8000.