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Cryptocurrency Market Overview - 02 April 2021

Source: Wisebitcoin 2021-04-02

Market Overview

02 April 2021

 BTCUSDT 

 Technical view

btc april 02 2021

As could be seen on the chart above that the pair is trading above 57000. Therefore, we are bullish as long as the pair is trading above it. Our targets: 61253 followed by 61700. On the other hand, if the level of 57000 is broken, the pair might continue going downwards to reach 56962 followed by 54500.

 Important Support and Resistance levels

Resistance Levels Support Levels
61793.66 57000.00
61500.00 56962.00
60000.00 54500.00
Recommended:
We are bullish as long as the pair is trading above the level of 57000.

 ETHUSDT 

 Technical view

eth april 02 2021

The chart above shows that the pair is trading above a strong support level that is 1870. Therefore, we are bullish as long as the pair is trading above it. Our first target is 2000 then 2060. On the other side, if the level of 1870 is broken, it might continue going downwards to reach 1800 followed by 1750.

 Important Support and Resistance levels

Resistance Levels Support Levels
2100.00 1870.00
2060.00 1800.00
2000.00 1750.00
Recommended:
We are bullish as long as the pair is trading above 1870.

 XRPUSDT 

 Technical view

zrp april 02 2021

The chart above shows that the pair has been trading in a very tight range. At the same time, we can find some bearish candles below the resistance level of 0.5960. Therefore, we believe that by the end of that tight range, the pair might move sharply in the direction of the breakout so we must keep an eye on the following levels:

  • The breakout of the level 0.5960 shall push the pair upwards to reach 0.6437.
  • The breakout of the previous low of yesterday at 0.5300 might open the door for further downward movement towards 0.5000 (Backed by the continuation of trading below 0.5960).

 Important Support and Resistance levels

Resistance Levels Support Levels
0.7000 0.5300
0.6411 0.5000
0.5960 0.4570
Recommended:
We are bearish as long as the pair is trading below the level of 0.5960.

Losses can exceed your deposits.