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Cryptocurrency Market Overview - 07 Jan 2022

Source: Wisebitcoin 2022-01-07

 

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  BTCUSD

TECHNICAL VIEW 

 

 

Update: More bearishness is expected towards 41000.
Main: As could be seen on the chart above that the pair is trading above a strong support level that is 45000. Therefore, we are bullish as long as the pair is trading above it with targets: 48000 followed by 50000. On the other hand, if the level of 45000 is broken, the pair might reach 42500. 

 

Important Support and Resistance levels

Resistance Levels Support Levels
60000.00 45000.00
55000.00 40000.00
52000.00 34000.00

Recommended:

We are bullish as long as the pair is trading above 45000.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

Update: On its way to our targets.
Main: The chart above shows that the pair is trading above a support level that is 3500. Therefore, we are bullish as long as the pair is trading above it with targets: 3900 followed by 4200. On the other hand, a daily close below 3500 would open the door for a further downward move that it might reach 3200 followed by 3000.

 

 

Important Support and Resistance levels

Resistance Levels Support Levels
4600.00 3500.00
4300.00 3200.00
4200.00 3000.00

Recommended:

We are bullish as long as the pair is trading above 3500.

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

Update: We are still waiting for the pair to confirm its next move since it has been trading above 0.7600.

Main: As could be seen on the chart above that the pair is trading above 0.7600. Therefore, we are bullish as long as the pair is trading above it with targets: 0.9000 followed by 1.0000. On the other hand, if the level of 0.7600 is broken, the pair might reach 0.7000.
 

 

Important Support and Resistance levels

Resistance Levels Support Levels
1.1000 0.7600
1.0168 0.7000
0.9000 0.6500

Recommended:

We are bullish as long as the pair is above 0.7600.