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Cryptocurrency Market Overview - 2 Sept 2022

Source: Wisebitcoin 2022-09-02

 

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  BTCUSD

TECHNICAL VIEW 

 

 

BTC USDT Chart

The chart above shows that the pair is trading below a strong resistance level that is 24000. Therefore, we are bearish as long as the pair is trading below it with targets: 20000 followed by 19000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
27900.00 20000.00
25000.00 19000.00
24000.00 18000.00

Recommended:

Bearish below 24000.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

ETH USDT Chart

The chart above shows that the pair is trading below 1700. 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
2200.00 1400.00
2000.00 1300.00
1700.00 1200.00

Recommended:

Bearish below 1700.    

 

 

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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 0.3800. Therefore, we are bearish as long as the pair is trading below it with targets: 0.3000. A daily close above 0.4100 would open the door for the pair to reach 0.4500.

 

Important Support and Resistance levels

Resistance Levels Support Levels
0.4800 0.3000
0.4500 0.2900
0.3800 0.2600

Recommended:

Bearishness below 0.3800.