EOS
EOS fell by 0.5% on Tuesday. Reversing a 0.51% gain from Monday, EOS ended June down by 11.31% to $2.3699. While down for the month, EOS gained 6.98% in the 2nd quarter.
Another mixed start to the day saw EOS rise to an early morning high $2.3906 before hitting reverse.
Falling short of the first major resistance level at $2.4230, EOS slid to an early afternoon intraday low $2.3462.
Steering clear of the first major support level at $2.3310, EOS briefly revisited $2.38 levels before sliding back into the red.
At the time of writing, EOS was down by 0.38% to $2.3610. A bearish start to the day saw EOS fall from an early morning high $2.3706 to a low $2.3593.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $2.3690 pivot level to support a run at the first major resistance level at $2.3916.
Support from the broader market would be needed, however, for EOS to break back through to $2.39 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $2.3906 would likely cap any upside.
Failure to move through the $2.3690 pivot could see EOS spend another day in the red.
A fall through to sub-$2.35 levels would bring the first major support level at $2.3472 into play.
Barring another extended sell-off, EOS should steer clear of sub-$2.30 levels. The second major support level at $2.3245 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $2.3472
Major Resistance Level: $2.3916
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 1.02% on Tuesday. Partially reversing a 1.28% gain from Monday, Ethereum ended June down by 2.57% to $225.48. While down for the month, Ethereum surged by 69.43% in the 2nd quarter.
Tracking the broader market, Ethereum rose to an early morning high $228.69 before hitting reverse.
Falling short of the first major resistance level at $231.53, Ethereum fell to an early afternoon intraday low $222.93.
Ethereum came within range of the first major support level at $222.53 before revisiting $226 levels.
At the time of writing, Ethereum was down by 0.21% to $225.01. A bearish start to the day saw Ethereum fall from an early morning high $225.50 to a low $224.11.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $225.70 pivot to support a run at the first major resistance level at $228.47.
Support from the broader market would be needed, however, for Ethereum to break back through to $228 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $228.69 should cap any upside.
Failure to move through the $225.70 pivot would bring the first major support level at $222.71 into play.
Barring another extended sell-off, Ethereum should steer clear of sub-$215 levels. The second major support level at $219.94 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $222.71
Major Resistance Level: $228.47
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 1.07% on Tuesday. Reversing a 0.16% gain from Monday, Ripple’s XRP ended the month down by 13.21% to $0.17569. While down for the month, Ripple’s XRP gained 0.91% in the 2nd quarter.
It was also a mixed start to the day. Ripple’s XRP rose to an early morning high $0.17788 before hitting reverse.
Coming within range of the first major resistance level at $0.1795, Ripple’s XRP slid to an early afternoon intraday low $0.17497.
Finding support at the first major support level at $0.1752, Ripple’s XRP recovered to $0.177 levels before easing back.
At the time of writing, Ripple’s XRP was down by 0.45% to $0.17490. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.17531 to a low $0.17400.
Ripple’s XRP tested the first major support level at $0.1745 early on.
For the day ahead
Ripple’s XRP will need to move through the $0.1760 pivot to support a run at the first major resistance level at $0.1774.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.177 levels.
Barring a broad-based crypto rally, Tuesday’s high $0.17788 and the first major resistance level would likely limit any upside.
In the event of a breakout, Ripple’s XRP should break through the second major resistance level at $0.1791 and $0.18 levels before any pullback.
Failure to move through the $0.1760 pivot would bring the first major support level at $0.1745 into play.
Barring an extended crypto sell-off, Ripple’s XRP should avoid the second major support level at $0.1733.
Looking at the Technical Indicators
Major Support Level: $0.1745
Major Resistance Level: $0.1774
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