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Cryptocurrency Market Overview - 26 Oct 2022

Source: Wisebitcoin 2022-10-26

 

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  BTCUSD

TECHNICAL VIEW 

 

 

BTC USDT Chart

The chart above shows that the pair is trading above a strong support level that is 17600. Therefore, we are bullish as long as the pair is trading above it with targets: 22000 – 23000. On the other hand, a daily close below 17600 is considered to be very bearish with targets to the downside: 16000 – 14680.

 

Important Support and Resistance levels

Resistance Levels Support Levels
24900.00 17600.00
22000.00 17500.00
21000.00 17000.00

Recommended:

Bullishness above 17600.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

ETH USDT Chart 

The pair has reached the level of 1500 and closed above it. Having said so, the pair might continue going upwards to reach 1600 – 1700.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1700.00 1400.00
1650.00 1350.00
1600.00 1300.00

Recommended:

Bullishness above 1400.

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

XRP USDT Chart

The chart above shows that the pair has been trading above a strong support level that is 0.4200. Therefore, we are bullish as long as the pair is trading above it with targets: 0.5000 – 0.5500.

 

Important Support and Resistance levels

Resistance Levels Support Levels
0.6000 0.4400
0.5500 0.4200
0.5000 0.3900

Recommended:

Bullishness above 0.4200.