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Cryptocurrency Market Overview - 21 April 2021

Source: Wisebitcoin 2021-04-21

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  BTCUSDT

TECHNICAL VIEW 

 

 

btc april 21 2021

The pair is still trading below a strong resistance level that is 56582. Therefore, we are bearish as long as the pair is trading below it. Our first target is 53000 followed by 52000. On the other hand, if the level of 56582 is broken, the pair might continue going upwards to reach 58873.

 

Important Support and Resistance levels

Resistance Levels Support Levels
59500.00 53000.00
58873.00 52000.00
56582.00 51000.00

Recommended:

We are bearish as long as the pair is trading below the level of 56582.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

eth april 21 2021

The bullish scenario was activated after the breakout of the level of 2200. The close of yesterday made a bullish engulfing pattern that suggests more upward movement during the day that the pair might reach the level of 2500 followed by 2600. On the other hand, if the level of 2000 is broken, the pair might continue going downwards to reach 1945.

 

Important Support and Resistance levels

Resistance Levels Support Levels
2600.00 2000.00
2500.00 1945.00
2200.00 1825.00

Recommended:

We are bullish as long as the pair is trading above 2000.

 

 

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  XRPUSDT

TECHNICAL VIEW 

 

 

xrp april 21 2021

As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.4300 (that we suggested yesterday). Therefore, we will remain bearish as long as the pair is trading below it. Our targets: 1.3000 followed by 1.1206. On the other hand, if the level of 1.4300 is broken, the pair might continue going upwards to reach 1.6000 as a first target.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1.7500 1.1206
1.6000 1.0000
1.4300 0.9000

Recommended:

We are bearish as long as the pair is trading below the level of 1.4300.

Losses can exceed your deposits.