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Cryptocurrency Market Overview - 11 Jan 2022

Source: Wisebitcoin 2022-01-11

 

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  BTCUSD

TECHNICAL VIEW 

 

 

Main: As could be seen on the chart above that the pair is trading above a strong support level that is 39700. Therefore, we are bullish as long as the pair is trading above it with targets: 45000 followed by 48000. On the other hand, if the level of 39700 is broken, the pair might reach 38000. 

 

Important Support and Resistance levels

Resistance Levels Support Levels
50000.00 39700.00
48000.00 38000.00
45600.00 34000.00

Recommended:

We are bullish as long as the pair is trading above 39700.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

Main: As could be seen on the chart above that the pair is trading below 3360. Therefore, we are bearish as long as the pair is trading below it with targets: 2750 followed by 2500.

 

Important Support and Resistance levels

Resistance Levels Support Levels
3800.00 2900.00
3600.00 2750.00
3360.00 2500.00

Recommended:

We are bearish as long as the pair is trading below 3360.00.

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

Main: The chart above shows that the pair is trading below 0.8600. Therefore, we are bearish as long as the pair is trading below it with targets: 0.6500. On the other hand, if the level of 0.8600 is broken, the pair might reach 0.9000 followed by 0.9500.

 

Important Support and Resistance levels

Resistance Levels Support Levels
0.9500 0.6500
0.9000 0.6080
0.8600 0.5500

Recommended:

We are bearish as long as the pair is below 0.8600.