Cryptocurrency Market Overview - 26 Aug 2022
Source: Wisebitcoin 2022-08-26
BTCUSD
TECHNICAL VIEW
Update: The pair showed small candles reflecting market uncertainty. As could be seen on the chart above that the pair is trading above a strong support level that is 20000. 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 20000 is broken, the pair might reach 19000.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 28900.00 | 20000.00 |
| 27000.00 | 19000.00 |
| 26000.00 | 18000.00 |
Recommended:
Bullishness above 20000.
ETHUSDT
TECHNICAL VIEW
Update: No changes. The chart above shows that the pair is trading above 1500. Therefore, we are bullish as long as the pair is trading above it with targets: 1800 – 1900.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 2500.00 | 1500.00 |
| 2200.00 | 1400.00 |
| 2000.00 | 1300.00 |
Recommended:
Bullishness above 1500.
XRPUSDT
TECHNICAL VIEW
Update: No changes. The chart above that the pair has been trading below a strong resistance level that is 0.4100. Therefore, we are bearish as long as the pair is trading below it with targets: 0.3000. A daily close above 0.4100 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 |
| 0.4100 | 0.2600 |
Recommended:
Bearishness below 0.4100.