Cryptocurrency Market Overview - 26 Oct 2022
Source: Wisebitcoin 2022-10-26
BTCUSD
TECHNICAL VIEW
The chart above shows that the pair is trading above a strong support level that is 17600. Therefore, we are bullish as long as the pair is trading above it with targets: 22000 – 23000. On the other hand, a daily close below 17600 is considered to be very bearish with targets to the downside: 16000 – 14680.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 24900.00 | 17600.00 |
| 22000.00 | 17500.00 |
| 21000.00 | 17000.00 |
Recommended:
Bullishness above 17600.
ETHUSDT
TECHNICAL VIEW
The pair has reached the level of 1500 and closed above it. Having said so, the pair might continue going upwards to reach 1600 – 1700.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 1700.00 | 1400.00 |
| 1650.00 | 1350.00 |
| 1600.00 | 1300.00 |
Recommended:
Bullishness above 1400.
XRPUSDT
TECHNICAL VIEW
The chart above shows that 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.