Market Research
Source: Wisebitcoin 2021-12-03
Update: Waiting for the level of 60000 to be broken.
Main: As could be seen on the chart above that the pair is trading above 52800. Therefore, we are bullish as long as the pair is trading above it with targets: 60000 followed by 62000. On the other hand, if the level of 52800 is broken, the pair might continue going downwards to reach 50000.
| Resistance Levels | Support Levels |
|---|---|
| 66000.00 | 52800.00 |
| 62000.00 | 50000.00 |
| 60000.00 | 48000.00 |
Recommended:
We are bullish as long as the pair is trading above 52800.
Update: We remain bearish. We are bearish as long as the pair is trading below 4870 with targets: 4500.
Main: The chart above shows that the pair is heading towards the level of 4600. Therefore, we will be waiting for the pair to reach that level which is where we can go short. (In case the pair shows up bearish evidence below it).
| Resistance Levels | Support Levels |
|---|---|
| 4800.00 | 4300.00 |
| 4700.00 | 4100.00 |
| 4600.00 | 3900.00 |
Recommended:
We are bullish as long as the pair is trading above 3900.
Update: The pair hasn’t shown any strong movements recently.
Main: The chart above shows that the pair is trading above a strong support level that is 0.9000. Therefore, we are bullish as long as the pair is trading above it with targets: 1.1000 followed by 1.2000. On the other hand, if the level of 0.8700 is broken, the pair might continue going downwards to reach 0.8600 followed by 0.8300.
| Resistance Levels | Support Levels |
|---|---|
| 1.3000 | 0.9000 |
| 1.2000 | 0.8740 |
| 1.1000 | 0.8600 |
Recommended:
We are bullish as long as the pair is trading above 0.8700.