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Cryptocurrency Market Overview - 23 Sept 2022

Source: Wisebitcoin 2022-09-23

 

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  BTCUSD

TECHNICAL VIEW 

 

 

BTC USDT Chart

The pair has recently reached a strong support level that is 18100. If the pair manages to break through that level, then it will continue going downwards that it might reach 17000 – 16500. Other than this, the pair would be ranging.

 

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.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

ETH USDT Chart

The pair perfectly hit our weekly targets (of last week). Therefore, we expect more bearishness below 1500 with targets: 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

As could be seen on the chart above 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.