Cryptocurrency Market Overview - 22 July 2022
Source: Wisebitcoin 2022-07-22
BTCUSD
TECHNICAL VIEW
Update: We remain the same. The pair has been trading above 22000. Therefore, we are bullish as long as the pair is trading above it with targets: 25000 - 26000. On the other hand, a weekly close below 22000 would push the pair downwards that it might reach 20000 - 18000.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 28900.00 | 22000.00 |
| 27000.00 | 20000.00 |
| 26000.00 | 18000.00 |
Recommended:
Bearishness below 22000.
ETHUSDT
TECHNICAL VIEW
Update: We remain the same. The pair has been trading above 1270. Therefore, we are bullish as long as the pair is trading above it with targets: 1700 - 1800. On the other hand, a weekly close below 1270 would push the pair downwards that it might reach 1100 - 950.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 1850.00 | 1270.00 |
| 1800.00 | 1100.00 |
| 1750.00 | 950.00 |
Recommended:
Bearishness below 1250.
XRPUSDT
TECHNICAL VIEW
Update: Still trading below 0.4250. The chart above shows that the pair is trading below a strong resistance level that is 0.4250. Therefore, we are bearish as long as the pair is trading below it with targets: 0.3000. 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.