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Cryptocurrency Market Overview - 21 July 2021

Source: Wisebitcoin 2021-07-21

 

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  BTCUSD

TECHNICAL VIEW 

 

 

As could be seen on the chart above that the pair is trading above a strong support level 29500. Therefore, the pair might continue going upwards to reach 29975. On the other hand, if the level of 29500 is broken, the pair might continue going downwards to reach 29300.

 

Important Support and Resistance levels

Resistance Levels Support Levels
30900.00 29500.00
30500.00 29300.00
30000.00 29000.00

Recommended:

The daily range is expected to be between 30000 - 29500.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

The chart above shows that the pair is trading below a strong resistance level that is 1818. Therefore, we are bearish as long as the pair is trading below it. Targets: 1720 – 1700. On the other hand, if the level of 1818 is broken, the pair might continue going upwards to reach 1860 followed by 1900.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1860.00 1720.00
1818.00 1700.00
1800.00 1684.00

Recommended:

We are bearish as long as the pair is trading below 1818.

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

As could be seen on the chart above that the pair is trading above 0.5160. Therefore, we are bullish as long as the pair is trading above it. Our targets: 0.5300 followed by 0.5400. On the other hand, if the level of 0.5160 is broken, the pair might continue going downwards to reach 0.5100.

 

Important Support and Resistance levels

Resistance Levels Support Levels
0.5500 0.5190
0.5400 0.5160
0.5300 0.5100

Recommended:

We are bullish as long as the pair is trading above 0.5160.