EOS
EOS rose by 0.37% on Wednesday. Partially reversing a 1.41% fall from Tuesday, EOS ended the day at $2.7643
A mixed start to the day saw EOS rise to an early morning high $2.7660 before falling to a mid-morning low $2.7358.
Steering clear of the major support and resistance levels, EOS rallied to a late afternoon intraday high $2.7844 before hitting reverse.
Falling short of the first major resistance level at $2.8090, EOS slid to a late afternoon intraday low $2.7099.
Holding above the first major support level at $2.6929, EOS recovered to $2.77 level before easing back.
At the time of writing, EOS was down by 0.09% to $2.7619. A relatively bearish start to the day saw EOS fall from an early high $2.7643 to a low $2.7628.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid sub-$2.7530 levels to take bring the first major resistance level at $2.7958 into play.
Support from the broader market would be needed, however, for EOS to break out from Wednesday’s high $2.7844.
Barring an extended crypto rally, the first major resistance level at $2.7958 and Wednesday’s high should cap any upside.
Failure to avoid sub-$2.7530 levels could see EOS struggle on the day.
A fall through the $2.7530 pivot would bring the first major support level at $2.7213 into play.
Barring another crypto meltdown, however, EOS should steer clear of the second major support level at $2.6784.
Looking at the Technical Indicators
Major Support Level: $2.7213
Major Resistance Level: $2.7958
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 1.64% on Wednesday. Reversing a 1.02% fall from Tuesday, Ethereum ended the day at $248.02.
Tracking the broader market, Ethereum rose to an early morning high $245.01 before hitting reverse.
Falling short of the major resistance levels, Ethereum fell to a late morning low $242.26 before making a move.
Steering well clear of the first major support level at $238.63, Ethereum rallied to a late afternoon intraday high $250.56.
Ethereum broke through the first major resistance level at $249.71 before falling back to wrap up the day at $248 levels.
At the time of writing, Ethereum was up by 0.10% to $248.28. A mixed start to the day saw Ethereum rise from an early morning low $248.06 to a high $248.58 before easing back.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid sub-$247 levels to support a run at the first major resistance level at $251.68.
Support from the broader market would be needed, however, for Ethereum to break out from Wednesday’s high to $250.56.
Barring an extended crypto rally, the first major resistance level at $251.68 and Wednesday’s high should cap any upside.
Failure to avoid sub-$247 levels could see Ethereum give up Wednesday’s gain.
A fall through the $246.90 pivot would bring the first major support level at $243.25 into play.
Barring another extended crypto sell-off, however, Ethereum should steer clear of sub-$240 and the second major support level at $238.37.
Looking at the Technical Indicators
Major Support Level: $243.25
Major Resistance Level: $251.68
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 0.91% on Wednesday. Partially reversing a 1.49% fall from Tuesday, Ripple’s XRP ended the day at $0.20302.
A relatively bullish start to the day saw Ripple’s XRP rise to an early morning high $0.20274 before easing back.
Falling short of the first major resistance level at $0.2045, Ripple’s XRP fell back to $0.2011 levels before making a move.
Through the late afternoon, Ripple’s XRP rallied to an intraday high $0.20389 before sliding to an intraday low $0.19973.
Steering clear of the major support and resistance levels, Ripple’s XRP recovered to $0.2030 levels to end the day in the green.
At the time of writing, Ripple’s XRP was up by 0.09% to $0.20321. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.20311 before rising to a high $0.20321.
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-$0.2020 levels to support a run at the first major resistance level at $0.2047.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Wednesday’s high $0.20389.
Barring a broad-based crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid sub-$0.2020 levels could see Ripple’s XRP could see Ripple’s XRP struggle in the day.
A fall back through the $0.2020 pivot would bring the first major support level at $0.2005 into play.
Barring an extended crypto sell-off, Ripple’s XRP should avoid the second major support level at $0.1981.
Looking at the Technical Indicators
Major Support Level: $0.2005
Major Resistance Level: $0.2047
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
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