Market Research
Source: Wisebitcoin 2021-06-16
The chart above shows that the pair is trading below a strong resistance level that is 41000. Therefore, we are bearish as long as the pair is trading below it, so we might go short to target 37000. On the other hand, if the level of 41000 is broken, the pair might continue going upwards to reach 43300 followed by 45000.
| Resistance Levels | Support Levels |
|---|---|
| 47183.00 | 37000.00 |
| 43332.00 | 35000.00 |
| 41000.00 | 32500.00 |
Recommended:
We are bearish as long as the pair is trading below 41000.
The pair could move down towards the level of 2250 in order to retest it, keep in mind yesterday’s view – The chart above shows that the pair is trading above a strong support level that is 2300. Therefore, we are bullish as long as the pair is trading above it, our target 2800. On the other hand, if the level of 2300 is broken, the pair might continue going downwards to reach 2200 followed by 2100.
| Resistance Levels | Support Levels |
|---|---|
| 3000.00 | 2300.00 |
| 2950.00 | 2200.00 |
| 2800.00 | 2100.00 |
Recommended:
We are bullish as long as the pair is trading above 2300.
The pair could move downwards towards the level of 0.8000 in order to retest it, keeping in mind yesterday’s view --As could be clearly seen on the chart above that the pair is still trading above a strong support level that is 0.8000. Therefore, we will be bullish as long as the pair is trading above it. Our targets: 0.9000 followed by 1.0000. On the other hand, if the level of 0.8000 is broken, the pair might continue going downwards to reach 0.7500.
| Resistance Levels | Support Levels |
|---|---|
| 1.0830 | 0.8000 |
| 1.0000 | 0.7500 |
| 0.9000 | 0.7000 |
Recommended:
Bullish as long as it is trading above 0.8000 – bearish after a daily close below 0.8000.