EXCHANGE

PROMOTION

PARTNERSHIP

NEWS & RESEARCH

Market Research

Market Research

Cryptocurrency Market Overview - 27 Jan 2022

Source: Wisebitcoin 2022-01-27

 

logo

  BTCUSD

TECHNICAL VIEW 

 

 

Update: Candles that have long shadows reflect market uncertainty. Therefore, we remain the same.
Main: The chart above shows that the pair is trading below 40000. Therefore, we are bearish as long as the pair is trading below it with targets: 32000 – 29300. On the other hand, if the level of 40000 is broken, the pair might reach 42000- 45000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
50000.00 32000.00
45000.00 30000.00
40000.00 29200.00

Recommended:

We are bearish as long as the pair is below 40000.

 

 

logo

  ETHUSDT

TECHNICAL VIEW 

 

 

Update: The pair is still trading below the resistance level. We remain bearish.
Main: As could be seen on the chart above the pair is trading below 3000. Therefore, we are bearish as long as the pair is trading below it with targets: 2100 followed by 1800.

 

 

Important Support and Resistance levels

Resistance Levels Support Levels
3400.00 2100.00
3000.00 2000.00
2900.00 1750.00

Recommended:

We are bearish as long as the pair is trading below 3000.00.

 

 

logo

  XRPUSDT    

TECHNICAL VIEW 

 

 

Update: Small candles with very small volume. We remain bearish.
Main: The chart above shows that the pair is trading below 0.7100. Therefore, we are bearish as long as the pair is trading below it with targets: 0.5150 – 0.5000. On the other hand, if the level of 0.7100 is broken, the pair might reach 0.7500 followed by 0.8000.
 

 

Important Support and Resistance levels

Resistance Levels Support Levels
0.9000 0.5150
0.8000 0.5000
0.8000 0.4000

Recommended:  

We are bearish as long as the pair is below 0.7100.