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Cryptocurrency Market Overview - 6 Oct 2022

Source: Wisebitcoin 2022-10-06

 

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  BTCUSD

TECHNICAL VIEW 

 

 

BTC USDT Chart

The chart above shows that the pair is trading above a strong support level that is 17600. Therefore, we are bullish as long as the pair is trading above it with targets: 22800 – 24000. On the other hand, a daily close below 17600 is considered to be very bearish!

 

Important Support and Resistance levels

Resistance Levels Support Levels
24900.00 17600.00
22000.00 17500.00
21000.00 17000.00

Recommended:

Bullishness above 17600.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

ETH USDT Chart

The pair might continue going upwards to reach 1500 then we could be bearish as long as the pair is trading below it with targets to the downside: 1200 – 1100.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1700.00 1200.00
1600.00 1100.00
1500.00 1000.00

Recommended:

Bearish below 1500.    

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

XRP USDT Chart

The chart above shows that the pair is trading above a strong support level that is 0.4200. Therefore, we are bullish as long as the pair is trading above it with targets: 0.5000 – 0.5500.

 

Important Support and Resistance levels

Resistance Levels Support Levels
0.6000 0.4400
0.5500 0.4200
0.5000 0.3900

Recommended:

Bullishness above 0.4200.