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Cryptocurrency Market Overview - 08 Oct 2021

Source: Wisebitcoin 2021-10-08

 

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  BTCUSD

TECHNICAL VIEW 

 

 

Update: We remain bullish as long as it is above 52900 with targets: 56000 followed by 58000. On the other hand, a break below 52900, would open the door for the pair to reach 51000.
Main: The chart above shows that the pair is trading above 48600. Therefore, we are bullish as long as the pair is trading below it with targets: 50000 followed by 51000. On the other hand, if the level of 48600 is broken, the pair might continue going downwards to reach 45000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
51000.00 48600.00
50500.00 45000.00
50000.00 43000.00

Recommended:

We are bullish as long as the pair is trading above 48600.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

Update: The pair is still trading below 3666. So, we remain bearish with targets: 3400 followed by 3200.
Main: The chart above shows that the pair is trading below a strong resistance level that is 3500. Therefore, we are bearish as long as the pair is trading below it with targets: 3250 followed by 3000. On the other hand, if the level of 3500 is broken, the pair might go upwards to reach 3700 followed by 3800.

 

Important Support and Resistance levels

Resistance Levels Support Levels
3970.00 3250.00
3700.00 3000.00
3500.00 2850.00

Recommended:

We are bearish as long as the pair is trading below 3500.

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

Update: We are bearish as long as the pair is trading below 1.1330 with targets: 1.0230 followed by 1.0000.
Main: As could be seen on the chart above that the pair is trading above a strong support level that is 1.0090. Therefore, we are bullish as long as the pair is trading above it with targets: 1.1000 followed by 1.1354. On the other hand, if the level of 1.0000 is broken, the pair might continue going downwards to reach 0.9500 followed by 0.9000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1.2000 1.0090
1.1354 0.9500
1.1000 0.9000

Recommended:

We are bullish as long as the pair is trading above 1.0090.