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Cryptocurrency Market Overview - 20 July 2022

Source: Wisebitcoin 2022-07-20

 

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  BTCUSD

TECHNICAL VIEW 

 

 

BTC USDT Chart

The pair has been trading above 22000. Therefore, we are bullish as long as the pair is trading above it with targets: 25000 - 26000. On the other hand, a weekly close below 22000 would push the pair downwards that it might reach 20000 - 18000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
28900.00 22000.00
27000.00 20000.00
26000.00 18000.00

Recommended:

Bearishness below 22000.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

ETH USDT Chart

The pair has been trading above 1270. Therefore, we are bullish as long as the pair is trading above it with targets: 1700 - 1800. On the other hand, a weekly close below 1270 would push the pair downwards that it might reach 1100 - 950.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1850.00 1270.00
1800.00 1100.00
1750.00 950.00

Recommended:

Bearishness below 1250.

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

XRP USDT Chart

The chart above shows that the pair is trading below a strong resistance level that is 0.4250. Therefore, we are bearish as long as the pair is trading below it with targets: 0.3000. A daily close below 0.2950 would open the door for the pair to go downwards.

 

Important Support and Resistance levels

Resistance Levels Support Levels
0.4800 0.2950
0.4500 0.2900
0.4000 0.2600

Recommended:

Bearishness after the breakout of 0.2950.