EXCHANGE

PROMOTION

PARTNERSHIP

NEWS & RESEARCH

Market Research

Market Research

Cryptocurrency Market Overview - 5 August 2022

Source: Wisebitcoin 2022-08-05

 

logo

  BTCUSD

TECHNICAL VIEW 

 

 

BTC USDT Chart

Update: No changes. Bullishness above 21000 with targets: 25000 - 26000. On the other hand, a weekly close below 21000 would push the pair downwards that it might reach 20000 - 18000.

 

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.

 

 

logo

  ETHUSDT

TECHNICAL VIEW 

 

 

ETH USDT Chart

Update: No changes. The chart above shows that the pair has been trading above 1400. Therefore, we are bullish as long as the pair is trading above it with targets: 1700 - 1800. On the other hand, a weekly close below 1400 would push the pair downwards that it might reach 1100 - 950.  A daily close above 1700 would push the pair upwards that it might reach 1800 – 1850.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1850.00 1400.00
1800.00 1300.00
1750.00 1000.00

Recommended:

Bullishness above 1400.

 

 

logo

  XRPUSDT    

TECHNICAL VIEW 

 

 

XRP USDT Chart

Update: No changes. As could be seen on the chart above that the pair has been trading below a strong resistance level that is 0.4000. Therefore, we are bearish as long as the pair is trading below it with targets: 0.3000. A daily close above 0.4000 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
0.4000 0.2600

Recommended:

Bearishness below 0.4000.