Cryptocurrency Market Overview - 29 Sept 2022
Source: Wisebitcoin 2022-09-29
BTCUSD
TECHNICAL VIEW
We are still waiting for the big move to the downside after the breakout of 17600. A daily close below this level will open the door for further downward move that it might reach 17000 – 16000.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 24900.00 | 17600.00 |
| 22000.00 | 17500.00 |
| 21000.00 | 17000.00 |
Recommended:
Bearish below 21000.
ETHUSDT
TECHNICAL VIEW
The pair has been trading below 1500. Therefore, we are bearish as long as the pair is trading below it with targets to the downside: 1200 – 1100.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 1700.00 | 1200.00 |
| 1600.00 | 1100.00 |
| 1500.00 | 1000.00 |
Recommended:
Bearish below 1500.
XRPUSDT
TECHNICAL VIEW
The pair has been trading above a strong support level that is 0.4200. Therefore, we are bullish as long as the pair is trading above it with targets: 0.5000 – 0.5500.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 0.6000 | 0.4400 |
| 0.5500 | 0.4200 |
| 0.5000 | 0.3900 |
Recommended:
Bullishness above 0.4200.