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Cryptocurrency Market Overview - 26 Jan 2022

Source: Wisebitcoin 2022-01-26

 

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  BTCUSD

TECHNICAL VIEW 

 

 

Update: We remain bearish. The most important thing is that the pair should not go above 40000.
Main: The chart above shows that the pair is trading below 40000. Therefore, we are bearish as long as the pair is trading below it with targets: 32000 – 29300. On the other hand, if the level of 40000 is broken, the pair might reach 42000- 45000.

 

Important Support and Resistance levels

Resistance Levels Support Levels
50000.00 32000.00
45000.00 30000.00
40000.00 29200.00

Recommended:

We are bearish as long as the pair is below 40000.

 

 

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  ETHUSDT

TECHNICAL VIEW 

 

 

Update: We remain bearish. No changes.
Main: As could be seen on the chart above the pair is trading below 3000. Therefore, we are bearish as long as the pair is trading below it with targets: 2100 followed by 1800.

 

 

Important Support and Resistance levels

Resistance Levels Support Levels
3400.00 2100.00
3000.00 2000.00
2900.00 1750.00

Recommended:

We are bearish as long as the pair is trading below 3000.00.

 

 

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  XRPUSDT    

TECHNICAL VIEW 

 

 

Update: No changes. The pair is moving sideways.
Main: The chart above shows that the pair is trading below 0.7100. Therefore, we are bearish as long as the pair is trading below it with targets: 0.5150 – 0.5000. On the other hand, if the level of 0.7100 is broken, the pair might reach 0.7500 followed by 0.8000.

 

 

Important Support and Resistance levels

Resistance Levels Support Levels
0.9000 0.5150
0.8000 0.5000
0.7100 0.4000

Recommended:

We are bearish as long as the pair is below 0.7100.