EOS
EOS rose by 0.36% on Saturday. Following on from a 3.38% gain on Friday, EOS ended the day at $2.6063.
A bearish start to the day saw EOS fall to an early morning intraday low $2.5549 before making a move.
Steering clear of the first major support level at $2.5182, EOS rallied to a late intraday high $2.6209 before easing back.
Falling short of the first major resistance level at $2.6490, EOS fell back to sub-$2.58 levels before wrapping up the day at $2.60 levels.
At the time of writing, EOS was down by 0.36% to $2.5970. A bearish start to the day saw EOS fall from an early morning high $2.6105 to a low $2.5944.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid sub-$2.5940 levels to take bring the first major resistance level at $2.6332 into play.
Support from the broader market would be needed, however, for EOS to break out from Saturday’s high $2.6209.
Barring an extended crypto rally, the first major resistance level at $2.6332 would likely limit any upside.
Failure to avoid a fall through the $2.5940 pivot could see EOS struggle on the day.
A fall through the $2.5940 pivot would bring the first major support level at $2.5672 into play.
Barring an extended crypto sell-off, however, EOS should steer well clear of the second major support level at $2.5280.
Looking at the Technical Indicators
Major Support Level: $2.5672
Major Resistance Level: $2.6332
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 0.25% on Saturday. Following on from a 3.21% rally on Friday, Ethereum ended the day at $238.17.
It was a choppy start to the day. Ethereum fell to a late morning intraday low $234.11 before finding support.
Steering clear of the first major support level at $234.4, Ethereum rallied to a late intraday high $238.8.
Falling short of the first major resistance level at $242.1, Ethereum fell back to sub-$236 levels before finding late support.
A late move back through to $238 levels delivered the upside on the day.
At the time of writing, Ethereum was down by 0.22% to $237.64. A bearish start to the day saw Ethereum fall from an early morning high $238.22 to a low $237.33.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid sub-$237 levels to support a run at the first major resistance level at $239.94.
Support from the broader market would be needed, however, for Ethereum to break out from Saturday’s high $238.8.
Barring an extended crypto rally, the first major resistance level at $239.94 should cap any upside.
Failure to avoid sub-$237 levels could see Ethereum take a hit on the day.
A fall through the $237 pivot would bring the first major support level at $235.25 into play.
Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$230 levels. The second major support level at $232.34 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $235.25
Major Resistance Level: $239.94
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 0.30% on Saturday. Following a 2.66% gain on Friday, Ripple’s XRP ended the day at $0.19246.
A bearish start to the day saw Ripple’s XRP fall to a late morning intraday low $0.19087 before making a move.
Steering clear of the first major support level at $0.1883, Ripple’s XRP rallied to an early afternoon intraday high $0.19385.
Coming up short of the first major resistance level at $0.1964, Ripple’s XRP fell back to a low $0.19183 before finding support.
In spite of the late support, Ripple’s XRP was unable to move back through to $0.1930 levels and into the green.
At the time of writing, Ripple’s XRP was down by 0.12% to $0.19222. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.19214 before rising to a high $0.19263.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to move through to $0.1924 levels to support a run at the first major resistance level at $0.1939.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Saturday’s high $0.19385.
Barring a broad-based crypto rally, the first major resistance level and Saturday’s high would likely cap any upside.
Failure to move through the $0.1924 pivot could see Ripple’s XRP spend a 2nd day in the red.
A fall through sub-$0.1920 levels would bring the first major support level at $0.1909 into play.
Barring another extended crypto sell-off, Ripple’s XRP should avoid the second major support level at $0.1894.
Looking at the Technical Indicators
Major Support Level: $0.1909
Major Resistance Level: $0.1939
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