EXCHANGE

PROMOTION

PARTNERSHIP

NEWS & RESEARCH

Market Research

Market Research

Cryptocurrency Market Overview - 16 Nov 2022

Source: Wisebitcoin 2022-11-16

 

logo

  BTCUSD

TECHNICAL VIEW 

 

 

BTC USDT Chart

The chart above shows that the pair is trading below a strong resistance level that is 18600. Therefore, we are bearish as long as the pair is trading below it with targets: 16000 followed by 15000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
22000.00 16000.00
20000.00 15000.00
18600.00 14000.00

Recommended:

Bearish below 18600. 

 

 

logo

  ETHUSDT

TECHNICAL VIEW 

 

 

ETH USDT Chart 

The chart above shows that the pair is trading below 1500. Therefore, we are bearish as long as the pair is trading below it with targets: 1100 – 1010.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1760.00 1100.00
1600.00 1010.00
1500.00 940.00

Recommended:

Bearish below 1500.

 

 

logo

  XRPUSDT    

TECHNICAL VIEW 

 

 

XRP USDT Chart

The chart above shows that the pair has been trading below a strong resistance level that is 0.4500. Therefore, we are bearish as long as the pair is trading below it with targets: 0.3000. A daily close above 0.4500 would open the door for the pair to reach 0.4800.

 

Important Support and Resistance levels

Resistance Levels Support Levels
0.5000 0.3000
0.4800 0.2900
0.4500 0.2600

Recommended:

Bearishness below 0.3800.