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Cryptocurrency Market Overview - 05 July 2021

Source: Wisebitcoin 2021-07-05

 

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  BTCUSD

TECHNICAL VIEW 

 

 

Main Scenario: As could be seen on the chart above that the pair is trading below a strong resistance level that is 36600. Therefore, we are bearish as long as the pair is trading below it. Our targets: 33000 followed by 31000. On the other hand, if the level of 36600 is broken, the pair might continue going upwards to reach 38000 followed by 39000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
40000.00 33000.00
38000.00 31000.00
36600.00 29500.00

Recommended:

We are bearish as long as the pair is trading below 36600.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

Main Scenario: As could be clearly seen on the chart above that the pair is trading above a strong support level at 2100. Therefore, we are bullish as long as the pair is trading above it. Our targets: 2500 followed by 2650. On the other hand, if the level of 2100 is broken, the pair might continue going downwards to reach 2000 followed by 1800.

 

Important Support and Resistance levels

Resistance Levels Support Levels
2800.00 2100.00
2650.00 2000.00
2500.00 1800.00

Recommended:

We are bullish as long as the pair is trading above 2100.

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

Main Scenario: As could be clearly seen on the chart above that the pair is trading above a strong support level at 2100. Therefore, we are bullish as long as the pair is trading above it. Our targets: 2500 followed by 2650. On the other hand, if the level of 2100 is broken, the pair might continue going downwards to reach 2000 followed by 1800.

 

Important Support and Resistance levels

Resistance Levels Support Levels
2800.00 2100.00
2650.00 2000.00
2500.00 1800.00

Recommended:

We are bullish as long as the pair is trading above 2100.