Cryptocurrency Market Overview - 16 Nov 2022
Source: Wisebitcoin 2022-11-16
BTCUSD
TECHNICAL VIEW
The chart above shows that the pair is trading below a strong resistance level that is 18600. Therefore, we are bearish as long as the pair is trading below it with targets: 16000 followed by 15000.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 22000.00 | 16000.00 |
| 20000.00 | 15000.00 |
| 18600.00 | 14000.00 |
Recommended:
Bearish below 18600.
ETHUSDT
TECHNICAL VIEW
The chart above shows that the pair is trading below 1500. Therefore, we are bearish as long as the pair is trading below it with targets: 1100 – 1010.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 1760.00 | 1100.00 |
| 1600.00 | 1010.00 |
| 1500.00 | 940.00 |
Recommended:
Bearish below 1500.
XRPUSDT
TECHNICAL VIEW
The chart above shows that the pair has been trading below a strong resistance level that is 0.4500. Therefore, we are bearish as long as the pair is trading below it with targets: 0.3000. A daily close above 0.4500 would open the door for the pair to reach 0.4800.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 0.5000 | 0.3000 |
| 0.4800 | 0.2900 |
| 0.4500 | 0.2600 |
Recommended:
Bearishness below 0.3800.