EOS
EOS rose by 1.60% on Tuesday. Partially reversing a 1.87% fall from Monday, EOS ended the day at $2.4373.
Bullish through the morning, EOS rose to an early afternoon intraday high $2.4655 before hitting reverse.
Falling short of the first major resistance level at $2.5053, EOS slid to a late intraday low $2.3948.
Steering clear of the first major support level at $2.2833, EOS recovered from negative territory to wrap up the day at $2.43 levels.
At the time of writing, EOS was up by 0.42% to $2.4476. A relatively bullish start to the day saw EOS rise from an early morning low $2.4344 to a high $2.4525.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through to $2.45 levels to bring the first major resistance level at $2.4703 into play.
Support from the broader market would be needed, however, for EOS to break out from Tuesday’s high $2.4655.
Barring an extended crypto rebound, the first major resistance level, and Tuesday’s high would likely limit any upside.
Failure to move back through to $2.45 levels would see EOS slide into the red.
A fall through the morning low to sub-$2.4330 levels would bring the first major support level at $2.3996 into play.
Barring another extended crypto sell-off, however, EOS should steer clear of sub-$2.20 levels.
The second major support level at $2.3618 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $2.3996
Major Resistance Level: $2.4703
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 2.24% on Tuesday. Reversing a 0.92% loss from Monday, Ethereum ended the day at $190.10.
Tracking the broader market, Ethereum rose from an early morning intraday low $185.79 to a mid-afternoon intraday high $192.89.
Falling short of the first major resistance level at $194.32, Ethereum fell back to $186 levels before finding late support.
At the time of writing, Ethereum was up by 0.42% to $190.89. A relatively bullish start to the day saw Ethereum rise from an early morning low $189.49 to a high $191.47.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through to $192 levels to bring the first major resistance level at $193.40 into play.
Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $192.89.
Barring a broad-based crypto rally, the first major resistance level would likely limit any upside.
Failure to move back through to $192 levels could see Ethereum fall back into the red.
A fall back through to sub-$190 levels would bring the first major support level at $186.30 into play.
Barring another extended sell-off, however, Ethereum should avoid sub-$180 levels. The second major support level at $182.49 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $186.30
Major Resistance Level: $193.40
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 2.47% on Tuesday. Reversing a 2.37% decline from Monday, Ripple’s XRP ended the day at $0.19696.
A bullish morning saw Ripple’s XRP rally from an early intraday low $0.19121 to an early afternoon intraday high $0.19986.
Falling short of the first major resistance level at $0.2001, Ripple’s XRP fell back to sub-$0.1940 before finding support.
At the time of writing, Ripple’s XRP was up by 0.61% to $0.19817. A relatively bullish start to the day saw Ripple’s XRP rise from an early morning low $0.19631 to a high $0.19848.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to avoid sub-$0.1960 levels to bring the first major resistance level at $0.2008 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Tuesday’s high $0.19986.
Barring an extended crypto rebound, the first major resistance level at $0.2008 would likely limit any upside.
Failure to avoid sub-$0.1960 levels could see Ripple’s XRP hit reverse.
A fall back through to sub-$0.1960 levels would bring the first major support level at $0.1922 into play.
Barring a crypto meltdown, however, Ripple’s XRP should steer clear of sub-$0.19 support levels.
Looking at the Technical Indicators
Major Support Level: $0.1922
Major Resistance Level: $0.2008
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