EOS
EOS rose by 0.46% on Saturday. Reversing a 0.39% decline from Friday, EOS ended the day at $2.5387.
It was yet another mixed start to the day. EOS rose to an early morning high $2.5389 before hitting reverse.
Falling short of the major resistance levels, EOS slid to a late morning intraday low $2.4563 before bouncing back.
The reversal saw EOS fall through the first major support level at $2.5027 and the second major support level at $2.4797.
An afternoon recovery saw EOS rally to a late intraday high $2.5600 before easing back to sub-$2.54 levels.
EOS briefly broke through the first major resistance level at $2.5493 late in the day.
At the time of writing, EOS was up by 0.28% to $2.5458. A bullish start to the day saw EOS rise from an early morning low $2.5400 to a high $2.5497
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall back through the $2.5180 pivot level to support a run at the first major resistance level at $2.5804.
Support from the broader market would be needed, however, for EOS to break out from Saturday’s high $2.5600.
Barring an extended crypto rally, the first major resistance level at $2.5804 would likely limit any upside.
Failure to avoid a fall through the $2.5180 pivot could see EOS struggle on the day.
A fall through the pivot would bring the first major support level at $2.4767 into play.
Barring another extended sell-off, EOS should avoid the second major support level at $2.4146, however.
Looking at the Technical Indicators
Major Support Level: $2.4767
Major Resistance Level: $2.5804
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by just 0.06% on Saturday. Partially reversing a 1.03% fall from Friday, Ethereum ended the day at $228.80.
A bullish start to the day saw Ethereum rise to an early morning intraday high $230.67 before hitting reverse.
Falling short of the first major resistance level at $231.56, Ethereum slid to a mid-afternoon intraday low $225.50.
Ethereum fell through the first major support level at $226.09 before bouncing back to $229 levels.
A late pullback saw Ethereum wrap up the day at $228 levels.
At the time of writing, Ethereum was up by 0.09% to $229.01. A bullish start to the day saw Ethereum rise from an early morning low $228.80 to a high $229.38.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $228.30 pivot to support a run at the first major resistance level at $231.15.
Support from the broader market would be needed, however, for Ethereum to break out from Saturday’s high $230.67.
Barring an extended crypto rally, the first major resistance level at $231.15 and Saturday’s high should cap any upside.
Failure to avoid a fall through the $228.15 pivot could see Ethereum spend the day in the red.
A fall through to sub-$228 levels would bring the first major support level at $225.98 into play.
Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$220 levels. The second major support level at $223.15 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $225.98
Major Resistance Level: $231.15
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP rose by 0.48% on Saturday. Partially revising a 1.47% decline from Friday, Ripple’s XRP ended the day at $0.18827.
Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.18921 before sliding into the red.
Coming up short of the first major resistance level at $0.1896, Ripple’s XRP slid to a mid-afternoon intraday low $0.18449.
Ripple’s XRP fell through the first major support level at $0.1857 before finding late support.
A late recovery saw Ripple’s XRP return to $0.189 levels before easing back.
At the time of writing, Ripple’s XRP was up by 0.09% to $0.18844. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.18822 before rising to a high $0.18847.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to avoid a fall through the $0.1870 pivot to support a run at the first major resistance level at $0.1902.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Saturday’s high $0.18921
Barring a broad-based crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid through the $0.1870 pivot could see Ripple’s XRP spend a 4th day in 5 in the red.
A fall through the $0.1870 pivot would bring the first major support level at $0.1854 into play.
In the event of an extended crypto sell-off, the second major support level at $0.1826 would likely come into play. Ripple’s XRP should avoid sub-$0.18 levels and the third major support level at $0.1780, however.
Looking at the Technical Indicators
Major Support Level: $0.1854
Major Resistance Level: $0.1902
23.6% FIB Retracement Level: $0.3638
38.2% FIB Retracement Level: $0.4800
62% FIB Retracement Level: $0.6678
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Thanks, Bob
This article was originally posted on FX Empire