EOS
EOS fell by 1.18% on Thursday. Following on from a 0.63% decline on Wednesday, EOS ended the day at $2.5045.
It was a mixed start to the day. EOS rose to an early morning intraday high $2.5573 before hitting reverse.
Coming up short of the first major resistance level at $2.5705, EOS slid to a late morning intraday low $2.4314.
EOS fell through the first major support level at $2.5125 and the second major support level at $2.4818.
Finding support late in the day, EOS moved back through the second major support level to limit the daily loss.
At the time of writing, EOS was down by 0.09% to $2.5022. A mixed start to the day saw EOS fall from an early morning high $2.5039 to a low $2.5006.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $2.4977 pivot level to support a run at the first major resistance level at $2.5641.
Support from the broader market would be needed, however, for EOS to break out from Thursday’s high $2.5573.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $2.4977 pivot would bring the first major support level at $2.4382 into play.
Barring another extended sell-off, EOS should steer clear of sub-$2.40 levels. The second major support level sits at $2.3718.
Looking at the Technical Indicators
Major Support Level: $2.4382
Pivot Level: $2.4977
Major Resistance Level: $2.5641
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum slid by 2.07% on Thursday. Following on from a 0.86% fall on Wednesday, Ethereum ended the day at $233.41.
It was a mixed start to the day. Ethereum rose to an early morning intraday high $239.16 before hitting reverse.
Falling short of the first major resistance level at $241.06, Ethereum slid to a late morning intraday low $229.77.
Ethereum fell through the first major support level at $235.98 and the second major support level at $233.63.
Finding support late in the day, Ethereum briefly revisited $234 levels before easing back.
At the time of writing, Ethereum was up by 0.03% to $233.48. A bullish start to the day saw Ethereum rise from an early morning low $233.46 to a high $233.87.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move the $234.11 pivot to support a run at the first major resistance level at $238.46.
Support from the broader market would be needed, however, for Ethereum to break back through to $235 levels.
Barring an extended crypto rally, the first major resistance level and Thursday’s high $239.16 should cap any upside.
Failure to move through the $234.11 pivot would bring the first major support level at $229.07 into play.
Barring another extended sell-off, Ethereum should continue to steer clear of sub-$220 levels. The second major support level at $224.72 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $229.07
Pivot Level: $234.11
Major Resistance Level: $238.46
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP fell by 1.58% on Thursday. Following on from a 0.92% drop on Wednesday, Ripple’s XRP ended the day at $0.19436.
A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $0.19772 before hitting reverse.
Falling short of the first major resistance level at $0.1978, Ripple’s XRP slid to a late morning intraday low $0.18857.
Ripple’s XRP fell through the day’s major support levels before finding support late in the day. A recovery to $0.1930 levels saw Ripple’s XRP break back through the third major support level at $0.1908. The second major support level at $0.1944 pinned Ripple’s XRP back.
At the time of writing, Ripple’s XRP was up by 0.01% to $0.19437. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.19478 before falling to a low $0.19437.
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 $0.1936 pivot to support a run at the first major resistance level at $0.1985.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Thursday’s high $0.19772.
Barring a broad-based crypto rally, the first major resistance level and Thursday’s high should cap any upside.
In the event of a breakout, Ripple’s XRP should test resistance at $0.20 before any pullback. The second major resistance level sits at $0.2027.
Failure to avoid a fall through the $0.1936 pivot would bring the first major support level at $0.1894 into play.
Barring another extended crypto sell-off, Ripple’s XRP should avoid sub-$0.18 levels. The second major support level at $0.1844 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $0.1894
Pivot Level: $0.1936
Major Resistance Level: $0.1985
23.6% FIB Retracement Level: $0.3638
38.2% FIB Retracement Level: $0.4800
62% FIB Retracement Level: $0.6678
Please let us know what you think in the comments below.
Thanks, Bob
This article was originally posted on FX Empire