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Cryptocurrency Market Overview - 12 July 2021

Source: Wisebitcoin 2021-07-12

 

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  BTCUSD

TECHNICAL VIEW 

 

 

The chart above shows that the pair, on the long run, is heading towards 36600 (conditioned by the continuation of trading above 31175). Therefore, we are bullish as long as the pair is trading above 31175 with targets: 36600 followed by 37000. On the other hand, breaching the level of 31175 might open the door for the pair to reach 29300.

 

Important Support and Resistance levels

Resistance Levels Support Levels
40000.00 32000.00
38000.00 31175.00
36600.00 30000.00

Recommended:

We are bullish as long as the pair is trading above 31175.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

The chart above shows that the pair is forming small candles (above a strong support level 2050). Therefore, we are bullish as long as the pair is trading above it. Targets: 2300 followed by 2400. On the other hand, if the level of 2050 is broken, the pair might continue going downwards to reach 1800.

 

Important Support and Resistance levels

Resistance Levels Support Levels
2600.00 2050.00
2400.00 2000.00
2300.00 1800.00

Recommended:

We are bullish as long as the pair is trading above 2050.   

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

As could be seen on the chart above that the pair is trading above 0.5900. Therefore, we are bullish as long as the pair is trading above it. Our targets: 0.6800 followed by 0.7000. On the other hand, if the level of 0.5900 is broken, the pair might continue going downwards to reach 0.5500.

 

Important Support and Resistance levels

Resistance Levels Support Levels
0.7200 0.5900
0.7000 0.5500
0.6800 0.5000

Recommended:

We are bullish as long as the pair is trading above 0.5900.