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Cryptocurrency Market Overview - 02 June 2021

Source: Wisebitcoin 2021-06-02

 

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  BTCUSD

TECHNICAL VIEW 

 

(The pair might continue going upwards to reach 40339) The chart above shows that the pair is trading below a strong resistance level that is 40339. Therefore, we are bearish as long as the pair is trading below it. Our targets: 32500 followed by 30000. However, if the level of 40339 is broken, the pair might continue going upwards to reach 43176.

 

Important Support and Resistance levels

Resistance Levels Support Levels
45000.00 32500.00
43176.00 30000.00
40339.00 29615.00

Recommended:

We are bearish as long as the pair is trading below 40339 (Keep an eye on the alternative scenario).

 

 

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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 2938. Therefore, we are bearish as long as the pair is trading below it. Our first target is 2400 followed by 2190. However, if the level of 2938 is broken, the pair might continue going upwards to reach 3200.

 

Important Support and Resistance levels

Resistance Levels Support Levels
3200.00 2400.00
2938.00 2190.00
2800.00 2000.00

Recommended:

We are bearish as long as the pair is trading below 2938.

 

 

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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 1.0990. Therefore, we are bearish as long as the pair is trading below it. Our first target is 0.9000 followed by 0.8240. However, if the level of 1.0990 is broken, the pair might continue going upwards to reach 1.1994.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1.3000 0.9000
1.1994 0.8240
1.0990 0.7500

Recommended:

We are bearish as long as the pair is trading above 1.0990.