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Cryptocurrency Market Overview - 18 May 2021

Source: Wisebitcoin 2021-05-18

 

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  BTCUSD

TECHNICAL VIEW 

 

 

btc may 18 2021

The chart above shows that the pair is trading above a strong support level that is 43000. Therefore, we are bullish as long as the pair is trading above it. Our first target is 47200 followed by 50000. On the other hand, if the level of 43000 is broken, the pair might continue going downwards to reach 42000 followed by 40000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
53432.43 43040.00
51287.40 42000.00
47247.35 40000.00

Recommended:

We are bullish as long as the pair is trading above 43040.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

eth may 18 2021

The chart above shows that the pair is trading above a strong support level that is 3158. Therefore, we are bullish as long as the pair is trading above it. Our first target is 3860 followed by 4000. On the other hand, if the level of 3158 is broken, the pair might continue going downwards to reach 2945 followed by 2763.

 

Important Support and Resistance levels

Resistance Levels Support Levels
4367.00 3158.00
4149.00 2945.30
3862.00 2763.25

Recommended:

We are bullish as long as the pair is trading above 3158.

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

xrp may 18 2021

The chart above shows that the pair is trading above a strong support level that is 1.4500. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.5500 followed by 1.6000. On the other hand, if the level of 1.4500 is broken, the pair might continue going downwards to reach 1.4200 followed by 1.3860.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1.6530 1.4500
1.6000 1.4200
1.5500 1.3860

Recommended:

We are bullish as long as the pair is trading above 1.4500.