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Cryptocurrency Market Overview - 23 April 2021

Source: Wisebitcoin 2021-04-23

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  BTCUSDT

TECHNICAL VIEW 

 

 

btc april 23 2021

The pair reached targets of yesterday. The chart above shows that the pair is trading above a strong support level that is 50570. Therefore, we are bullish as long as the pair is trading above it. Our first target is 53000 followed by 54000. On the other hand, if the level of 50570 is broken, the pair might continue going downwards to reach 48000 followed by 47000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
53000 50570
54000 48000
55000 47000

Recommended:

We are bullish as long as the pair is trading above 50570.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

eth april 23 2021

The chart above shows that the pair is trading above a strong support level that is 2300. Therefore, we will be bullish as long as the pair is trading above it. Our targets: 2500 followed by 2600. On the other hand, if the level of 2300 is broken, the pair might go downwards to reach 2100 followed by 2000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
2500 2300
2600 2200
2650 2000

Recommended:

We are bullish as long as the pair is trading above 2300.

 

 

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  XRPUSDT

TECHNICAL VIEW 

 

 

xrp april 23 2021

The downside of the pattern we mentioned yesterday was broken. Therefore, the pair might go downwards to reach 1.0700 followed by 1.0000. On the other hand, if the level of 1.3000 is broken, the pair might change its way from the downside to going higher to reach 1.3500 followed by 1.4000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1.3000 1.0700
1.3500 1.0000
1.4000 0.9500

Recommended:

We are bearish as long as the pair is trading below the downside of the pattern.

Losses can exceed your deposits.