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Cryptocurrency Market Overview - 05 April 2021

Source: Wisebitcoin 2021-04-05

Market Overview

05 April 2021

 BTCUSDT 

 Technical view

btc april 05 2021

The chart above shows that the pair is trading below a strong resistance level that is 60000. Therefore, we are bearish as long as the pair is trading below it. Our targets: 57000 followed by 55200. On the other hand, if the level of 60000 is broken, the pair might continue going upwards to reach 61500.

 Important Support and Resistance levels

Resistance Levels Support Levels
62860.00 57000.00
61500.00 55200.00
60000.00 54213.70
Recommended:
We are bearish as long as the pair is trading below the level of 60000.

 ETHUSDT 

 Technical view

eth april 05 2021

The chart above shows that the pair is trading above a strong support level that is 1975. Therefore, we are bullish as long as the pair is trading above it. Our first target is 2143, then 2200. On the other side, if the level of 1975 is broken, it might continue going downwards to reach 1942 followed by 1850.

 Important Support and Resistance levels

Resistance Levels Support Levels
2300.00 1975.62
2200.00 1942.33
2143.90 1850.00
Recommended:
In the long run, we are bullish as long as the pair is trading above 1975.

 XRPUSDT 

 Technical view

xrp april 05 2021

The chart above shows that the pair is trading above a strong support level that is 0.5800. Therefore, we are bullish as long as the pair is trading above it. Our first target is 0.7000 then 0.7485. On the other hand, if the level of 0.5800 is broken, it might continue going downwards to reach 0.5319 followed by 0.4632.

 Important Support and Resistance levels

Resistance Levels Support Levels
0.7485 0.5800
0.7000 0.5319
0.6457 0.4632
Recommended:
We are bullish as long as the pair is trading above the level of 0.5800.

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