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Cryptocurrency Market Overview - 15 Sept 2022

Source: Wisebitcoin 2022-09-15

 

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  BTCUSD

TECHNICAL VIEW 

 

 

BTC USDT chart

The chart above shows that the pair has formed a bearish engulfing pattern and 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 a downtrend line plus the level of 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 0.3700. Therefore, we are bearish as long as the pair is trading below it with targets: 0.3000. A daily close above 0.3700 would open the door for the pair to reach 0.4000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
0.4100 0.3000
0.4000 0.2850
0.3700 0.2400

Recommended:

Bearishness below 0.3700.