EOS
EOS fell by 0.43% on Thursday. Partially reversing a 1.55% gain from Wednesday, EOS ended the day at $2.6565.
It was a mixed start to the day. EOS rose to an early morning high $2.6888 before falling to an early afternoon intraday low $2.6323.
Steering clear of the major support and resistance levels, EOS rallied to a mid-afternoon intraday high $2.6951.
EOS came within range of the first major resistance level at $2.6996 before sliding back to sub-$2.65 levels.
Finding late support, however, EOS moved back through to $2.65 levels to limit the loss on the day.
At the time of writing, EOS was down by 0.14% to $2.6528. A bearish start to the day saw EOS fall from an end of Thursday $2.6565 to $2.6528 at the start of the day.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $2.6613 pivot level to support a run at the first major resistance level at $2.6903.
Support from the broader market would be needed, however, for EOS to break back through to $2.69 levels.
Barring an extended crypto rally, the first major resistance level and Thursday’s high $2.6951 would likely cap any upside.
Failure to move through the $2.6613 pivot would bring the first major support level at $2.6275 into play.
Barring an extended sell-off, EOS should steer clear of sub-$2.60 levels. The second major support level sits at $2.5985.
Looking at the Technical Indicators
First Major Support Level: $2.6275
Pivot Level: $2.6613
First Major Resistance Level: $2.6903
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 4.31% on Thursday. Following on from Wednesday’s 7.53% rally, Ethereum ended the day at $275.68.
Tracking the broader market, Ethereum fell to a mid-morning intraday low $260.10 before making a move.
Steering well clear of the first major support level at $247.44, Ethereum rallied to a late afternoon intraday high $282.60.
Ethereum broke through the first major resistance levels at $275.31 before falling back to $271 levels.
Finding late support, Ethereum moved back through to $275 levels, with the first major resistance level capping the upside.
At the time of writing, Ethereum was down by 0.35% to $274.72. A mixed start to the day saw Ethereum rise to an early morning high $275.64 before falling to a low $274.62.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $272.79 pivot to support a run at the first major resistance level at $285.49.
Support from the broader market would be needed, however, for Ethereum to break out from Thursday’s high $282.60.
Barring an extended crypto rally, the first major resistance level should cap any upside.
Failure to avoid a fall through the $272.79 pivot would bring the first major support level at $262.99 into play.
Barring an extended sell-off, however, Ethereum should steer clear of the 23.6% FIB of $257.
Looking at the Technical Indicators
First Major Support Level: $262.99
Pivot Level: $272.79
First Major Resistance Level: $285.49
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 2.30% on Thursday. Following on from a 2.06% gain on Wednesday, Ripple’s XRP ended the day at $2.0881.
It was a mixed start to the day. Ripple’s XRP rose to an early morning high $0.20591 before hitting reverse.
Falling short of the major resistance levels, Ripple’s XRP fell to a mid-morning intraday low $0.20208 before making a move.
Steering clear of the first major support level at $0.1987, Ripple’s XRP struck a late afternoon intraday high $0.21096.
Ripple’s XRP broke through the first major resistance level at $0.2073 and the second major resistance level at $0.2105.
A late pullback saw Ripple’s XRP fall back through the major resistance levels before returning to $0.208 levels.
At the time of writing, Ripple’s XRP was down by 0.21% to $0.20837. A mixed start to the day saw Ripple’s XRP fall rise to an early morning high $0.20882 before falling to a low $0.20837
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to avoid a fall through the $0.2073 pivot to support a run at the first major resistance level at $0.2125.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Thursday’s high $0.21096.
Barring a broad-based crypto rally, the first major resistance level and Thursday’s high should cap any upside.
In the event of a breakout, Ripple’s XRP should test the second major resistance level at $0.2162 before any pullback.
Failure to avoid a fall through the $0.2073 pivot would bring the first major support level at $0.2036 into play.
Barring an extended crypto sell-off, Ripple’s XRP should avoid the second major support level at $0.1984.
Looking at the Technical Indicators
First Major Support Level: $0.2036
Pivot Level: $0.2073
First Major Resistance Level: $0.2125
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