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Cryptocurrency Market Overview - 3 August 2022

Source: Wisebitcoin 2022-08-03

 

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  BTCUSD

TECHNICAL VIEW 

 

 

BTC USDT Chart

Bullishness above 21000 with targets: 25000 - 26000. On the other hand, a weekly close below 21000 would push the pair downwards that it might reach 20000 - 18000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
28900.00 21000.00
27000.00 20000.00
26000.00 18000.00

Recommended:

Bullishness above 21000.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

ETH USDT Chart

The chart above shows that the pair has been trading above 1400. 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 1400 would push the pair downwards that it might reach 1100 - 950.  A daily close above 1700 would push the pair upwards that it might reach 1800 – 1850.

 

Important Support and Resistance levels

Resistance Levels Support Levels
1850.00 1400.00
1800.00 1300.00
1750.00 1000.00

Recommended:

Bullishness above 1400.

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

XRP USDT Chart

As could be seen on the chart above that the pair has been trading below a strong resistance level that is 0.4000. Therefore, we are bearish as long as the pair is trading below it with targets: 0.3000. A daily close above 0.4000 would open the door for the pair to reach 0.4500.

 

Important Support and Resistance levels

Resistance Levels Support Levels
0.4800 0.2950
0.4500 0.2900
0.4000 0.2600

Recommended:

Bearishness below 0.4000.