EOS
EOS rallied by 4.14% on Thursday. Reversing a 4.12% slide from Wednesday, EOS ended the day at $2.7606.
A mixed start to the day saw EOS fall to an early morning intraday low $2.5888 before making a move.
Steering clear of the first major support level at $2.5717, EOS rallied to a late afternoon intraday high $2.7961.
EOS broke through the first major resistance level at $2.7820 to test resistance at $2.80 before easing back.
At the time of writing, EOS was up by 0.03% to $2.7614. A mixed start to the day saw EOS rise to an early morning high $2.8249 before falling to a low $2.7600.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move back through to $2.80 levels to bring the first major resistance level at $2.8415 into play.
Support from the broader market would be needed, however, for EOS to break out from the morning high $2.8249.
Barring another extended crypto rally, the first major resistance level at $2.8415 would likely limit any upside.
Failure to move back through to $2.80 levels would see EOS hit reverse.
A fall through the morning low to sub-$2.7150 levels would bring the first major support level at $2.6342 into play.
Barring an extended crypto sell-off, however, EOS should steer well clear of sub-$2.60 levels.
Looking at the Technical Indicators
Major Support Level: $2.6342
Major Resistance Level: $2.8415
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rallied by 6.72% on Thursday. Reversing a 3.04% slide from Wednesday, Ethereum ended the day at $212.47.
A mixed start to the day saw Ethereum fall to an early morning intraday low $196.82 before making a move.
Steering clear of the first major support level at $194.56, Ethereum rallied to a late afternoon intraday high $215.99.
Ethereum broke through the first major resistance level at $207.59 before easing back. The second major resistance level at $215.91 pinned Ethereum back on the day.
At the time of writing, Ethereum was down by 0.95% to $211.52. A mixed start to the day saw Ethereum rise to an early morning high $217.00 before falling to a low $211.28.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move back through to $215 levels to bring the first major resistance level at $220.03 into play.
Support from the broader market would be needed, however, for Ethereum to break out from the morning high $217.00
Barring an extended crypto rally, the first major resistance level would likely limit any upside on the day.
Failure to move back through to $215 levels could see Ethereum fall deeper into the red.
A fall back through the morning low to sub-$208.50 levels would bring the first major support level at $200.86 into play before any recovery.
Barring a crypto meltdown, however, Ethereum should steer clear of the second major support level at $189.26.
Looking at the Technical Indicators
Major Support Level: $200.86
Major Resistance Level: $220.03
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 3.23% on Thursday. Reversing a 2.29% decline from Wednesday, Ripple’s XRP ended the day at $0.21879.
Recovering from an early morning low $0.20981, Ripple’s XRP struck a late afternoon intraday high $0.22173 before easing back.
Ripple’s XRP broke through the first major resistance level at $0.2196 before falling back to sub-$0.2190 levels.
At the time of writing, Ripple’s XRP was down by 0.50% to $0.21769. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.22231 before falling to a low $0.21733.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to move back through to $0.22 levels to support a run at the first major resistance level at $0.2237.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.22231.
Barring an extended crypto rally, the first major resistance level would likely limit any upside on the day.
Failure to move through to $0.22 levels could see Ripple’s XRP fall deeper into the red.
A fall through the morning low to sub-$0.2170 levels would bring the first major support level at $0.2118 into play.
Barring a crypto meltdown, however, Ripple’s XRP should steer clear of the second major support level at $0.2049.
Looking at the Technical Indicators
Major Support Level: $0.2118
Major Resistance Level: $0.2237
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