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Cryptocurrency Market Overview - 12 Oct 2021

Source: Wisebitcoin 2021-10-12

 

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  BTCUSD

TECHNICAL VIEW 

 

 

Main: The chart above shows that the pair is trading above 53110. Therefore, we are bullish as long as the pair is trading above it with targets: 59660 followed by 64400. On the other hand, if the level of 53110 is broken, the pair might continue going downwards to reach 50000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
66000.00 53110.00
64400.00 50000.00
59660.00 46000.00

Recommended:

We are bullish as long as the pair is trading above 53110.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

Main: The chart above shows that the pair is trading below a strong resistance level that is 3665. Therefore, we are bearish as long as the pair is trading below it with targets: 3200 followed by 3000. On the other hand, if the level of 3665 is broken, the pair might go upwards to reach 3800 followed by 4000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
4000.00 3200.00
3800.00 3000.00
3665.00 2800.00

Recommended:

We are bearish as long as the pair is trading below 3665.

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

Main: As could be seen on the chart above that the pair is trading above a strong support level that is 1.1000. Therefore, we are bullish as long as the pair is trading above it with targets: 1.2000 followed by 1.2500. On the other hand, if the level of 1.1000 is broken, the pair might continue going downwards to reach 1.0500 followed by 1.0000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1.3000 1.1000
1.2500 1,0500
1.2000 1.0000

Recommended:

We are bullish as long as the pair is trading above 1.1000.