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Cryptocurrency Market Overview - 29 Sept 2022

Source: Wisebitcoin 2022-09-29

 

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  BTCUSD

TECHNICAL VIEW 

 

 

BTC USDT Chart

We are still waiting for the big move to the downside after the breakout of 17600. A daily close below this level will open the door for further downward move that it might reach 17000 – 16000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
24900.00 17600.00
22000.00 17500.00
21000.00 17000.00

Recommended:

Bearish below 21000.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

ETH USDT Chart

The pair has been trading below 1500. Therefore, we are 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.    

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

XRP USDT Chart

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.