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Cryptocurrency Market Overview - 7 Sept 2022

Source: Wisebitcoin 2022-09-07

 

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  BTCUSD

TECHNICAL VIEW 

 

 

BTC USDT Chart

The chart above shows that the pair is trading below a strong resistance level that is 21000. Therefore, we are bearish as long as the pair is trading below it with targets: 18000 followed by 17500.

 

Important Support and Resistance levels

Resistance Levels Support Levels
24900.00 18000.00
22000.00 17500.00
21000.00 17000.00

Recommended:

Bearish below 21000.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

ETH USDT Chart

The chart above shows that the pair is trading below 1800. Therefore, we are bearish as long as the pair is trading below it with targets: 1400 – 1300.

 

Important Support and Resistance levels

Resistance Levels Support Levels
2000.00 1400.00
1900.00 1300.00
1800.00 1200.00

Recommended:

Bearish below 1800.    

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

XRP USDT Chart

The chart above shows that the pair has been trading below a strong resistance level that is 0.3600. Therefore, we are bearish as long as the pair is trading below it with targets: 0.2980. A daily close above 0.3600 would open the door for the pair to reach 0.4000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
0.4100 0.2985
0.4000 0.2850
0.3600 0.2400

Recommended:

Bearishness below 0.3600.