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Cryptocurrency Market Overview - 17 June 2021

Source: Wisebitcoin 2021-06-17

 

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  BTCUSD

TECHNICAL VIEW 

 

 

Update: We remain bearish as long as the pair is trading below 41000. 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. However, if the level of 41000 is broken, the pair might continue going upwards to reach 43300 followed by 45000.

 

Important Support and Resistance levels

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.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

The pair is on its way to hit 2250 followed by 2190 as expected yesterday. – The chart above shows that the pair is trading above a strong support level that is 2190. Therefore, we are bullish as long as the pair is trading above it, our target 2800. On the other hand, if the level of 2190 is broken, the pair might continue going downwards to reach 2000 followed by 1950.

 

Important Support and Resistance levels

Resistance Levels Support Levels
2750.00 2250.00
2700.00 2190.00
2600.00 2000.00

Recommended:

We are bullish as long as the pair is trading above 2190.

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

The chart above shows that the pair is about to reach the strong support level that is 0.8000 again. 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.

 

Important Support and Resistance levels

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.