Cryptocurrency Market Overview - 10 August
Source: Wisebitcoin 2022-08-10
BTCUSD
TECHNICAL VIEW
The pair has been facing a strong resistance level that is 24700. Therefore, the pair could be bearish as long as it is trading below it. On the other hand, a daily close above 24700, would push the pair upwards that it might reach 26000 – 26500.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 28900.00 | 21000.00 |
| 27000.00 | 20000.00 |
| 26000.00 | 18000.00 |
Recommended:
Bullishness above 21000.
ETHUSDT
TECHNICAL VIEW
As could be seen on the chart above that the pair is trading above a strong support level that is 1400. But we will need a daily close above 1830 then we can go long to target: 1900 – 2000.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 1850.00 | 1400.00 |
| 1800.00 | 1300.00 |
| 1700.00 | 1000.00 |
Recommended:
Bullishness above 1400.
XRPUSDT
TECHNICAL VIEW
The chart above that the pair is 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.