Cryptocurrency Market Overview - 6 Oct 2022
Source: Wisebitcoin 2022-10-06
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: 22800 – 24000. On the other hand, a daily close below 17600 is considered to be very bearish!
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 might continue going upwards to reach 1500 then we could be bearish as long as the pair is trading below it with targets to the downside: 1200 – 1100.
Important Support and Resistance levels
| Resistance Levels | Support Levels |
|---|---|
| 1700.00 | 1200.00 |
| 1600.00 | 1100.00 |
| 1500.00 | 1000.00 |
Recommended:
Bearish below 1500.
XRPUSDT
TECHNICAL VIEW
The chart above shows that the pair is 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.