Cryptocurrency Market Overview - 7 Sept 2022
Source: Wisebitcoin 2022-09-07
BTCUSD
TECHNICAL VIEW
The chart above shows that the pair is trading below a strong resistance level that is 21000. Therefore, we are bearish as long as the pair is trading below it with targets: 18000 followed by 17500.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 24900.00 | 18000.00 |
| 22000.00 | 17500.00 |
| 21000.00 | 17000.00 |
Recommended:
Bearish below 21000.
ETHUSDT
TECHNICAL VIEW
The chart above shows that the pair is trading below 1800. Therefore, we are bearish as long as the pair is trading below it with targets: 1400 – 1300.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 2000.00 | 1400.00 |
| 1900.00 | 1300.00 |
| 1800.00 | 1200.00 |
Recommended:
Bearish below 1800.
XRPUSDT
TECHNICAL VIEW
The chart above shows that the pair has been trading below a strong resistance level that is 0.3600. Therefore, we are bearish as long as the pair is trading below it with targets: 0.2980. A daily close above 0.3600 would open the door for the pair to reach 0.4000.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 0.4100 | 0.2985 |
| 0.4000 | 0.2850 |
| 0.3600 | 0.2400 |
Recommended:
Bearishness below 0.3600.