Market Research
Source: Wisebitcoin 2021-06-07
As could be clearly seen on the chart that the pair has been trading below a strong resistance level that is 40340. Therefore, we are bearish as long as the pair is trading below it. Our targets: 33460 followed by 31358. However, if the level of 40340 is broken (daily close needed), then we can go long to target 43170 followed by 45000.
| Resistance Levels | Support Levels |
|---|---|
| 45000.00 | 33461.00 |
| 43176.00 | 31358.00 |
| 40339.00 | 29498.00 |
Recommended:
We are bearish as long as the pair is trading below 40340.
As could be seen on the chart above that the pair is trading below a strong resistance level that is 2900. Therefore, we are bearish as long as the pair is trading below it. Our first target is 2600 followed by 2400. However, if the level of 2900 is broken, the pair might continue going upwards to reach 3000 followed by 3200.
| Resistance Levels | Support Levels |
|---|---|
| 3200.00 | 2600.00 |
| 3000.00 | 2400.00 |
| 2900.00 | 2000.00 |
Recommended:
We are bearish as long as the pair is trading below 2900.
As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.0900. Therefore, we are bearish as long as the pair is trading below it. Our first target is 0.9000 followed by 0.8090. However, if the level of 1.0900 is broken, the pair might continue going upwards to reach 1.2000.
| Resistance Levels | Support Levels |
|---|---|
| 1.3000 | 0.9000 |
| 1.2000 | 0.8090 |
| 1.0900 | 0.7000 |
Recommended:
We are bearish as long as the pair is trading below 1.0900.