Cryptocurrency Market Overview - 14 July 2022
Source: Wisebitcoin 2022-07-14
BTCUSD
TECHNICAL VIEW
The pair has been trading below 22500. Therefore, we remain bearish as long as the pair is trading below it with targets: 17800 - 16000. On the other hand, a weekly close above 22500 would push the pair upwards that it might reach 24000 - 26500.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 35000.00 | 17600.00 |
| 33000.00 | 16200.00 |
| 22500.00 | 14200.00 |
Recommended:
Bearishness below 22500.
ETHUSDT
TECHNICAL VIEW
As could be seen on the chart above that the pair trades below a strong resistance level that is 1300. Therefore, we are bearish as long as the pair is trading below it with targets: 900 – 800. On the other hand, a close above 1300 would push the pair upwards that it might reach 1400 – 1600.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 1850.00 | 920.00 |
| 1700.00 | 800.00 |
| 1300.00 | 650.00 |
Recommended:
Bearishness below 1300.
XRPUSDT
TECHNICAL VIEW
The chart above shows that the pair is trading below a strong resistance level that is the short-term downtrend line. Therefore, we are bearish as long as the pair is trading below it with targets: 0.2950. A daily close below 0.2950 would open the door for the pair to go downwards.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 0.4800 | 0.2950 |
| 0.4500 | 0.2900 |
| 0.4000 | 0.2600 |
Recommended:
Bearishness after the breakout of 0.2950.