Market Research
Source: Wisebitcoin 2021-06-02
(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.
| 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).
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.
| 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.
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.
| 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.