Cryptocurrency Market Overview - 17 Aug 2022
Source: Wisebitcoin 2022-08-17
BTCUSD
TECHNICAL VIEW
As could be seen on the chart above that the pair is trading above a strong support level that is 22000. Therefore, we are bullish as long as the pair is trading above it with targets: 24000 – 25000. On the other hand, if the level of 22000 is broken, the pair might reach 20000.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 28900.00 | 22000.00 |
| 27000.00 | 20000.00 |
| 26000.00 | 18000.00 |
Recommended:
Bullishness above 22000.
ETHUSDT
TECHNICAL VIEW
The chart above shows that the pair is trading above 1600. Therefore, we are bullish as long as the pair is trading above it with targets: 2000 – 2200.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 2500.00 | 1600.00 |
| 2200.00 | 1400.00 |
| 2000.00 | 1300.00 |
Recommended:
Bullishness above 1600.
XRPUSDT
TECHNICAL VIEW
The chart above that the pair had been trading below a strong resistance level that is 0.4160. Therefore, we are bearish as long as the pair is trading below it with targets: 0.3000. A daily close above 0.4160 would open the door for the pair to reach 0.4500.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 0.4800 | 0.2950 |
| 0.4500 | 0.2900 |
| 0.4160 | 0.2600 |
Recommended:
Bearishness below 0.4160.