EOS
EOS rallied by 5.06% on Tuesday. Following on from a 5.07% gain on Monday, EOS ended the day at $3.0048.
It was another mixed start to the day. EOS rose to an early morning high $2.9204 before hitting reverse.
Falling short of the first major resistance level at $2.9785, EOS slid to a late morning intraday low $2.7830.
Steering clear of the first major support level at $2.6879, EOS rallied to a late intraday high $3.0799.
EOS broke through the first major resistance level at $2.9785 before easing back.
At the time of writing, EOS was up by 0.30% to $3.0137. A bullish start to the day saw EOS rise from an early morning low $3.0040 to a high $3.0191.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $2.9559 pivot level to support a run at the first major resistance level at $3.1288.
Support from the broader market would be needed, however, for EOS to break out from Tuesday’s high $3.0799.
Barring another extended crypto rally, the first major resistance level at $3.1288 would likely cap any upside.
Failure to avoid a fall through the $2.9559 pivot would bring the first major support level at $2.8319 into play.
Barring an extended sell-off, EOS should steer well clear of sub-$2.80 levels. The first major support level at $2.8319 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $2.8319
Pivot Level: $2.9559
First Major Resistance Level: $3.1288
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 1.49% on Tuesday. Partially reversing a 3.47% gain from Monday, Ethereum ended the day at $317.59.
A bullish start saw Ethereum rise to an early morning intraday high $327.34 before hitting reverse.
Falling short of the first major resistance level at $333.93, Ethereum fell to a late morning intraday low $306.29.
The pullback saw Ethereum fall through the first major support level at $310.97 before moving back to $323 levels.
A bearish end to the day, however, left Ethereum at sub-$320 levels and in the red.
At the time of writing, Ethereum was up by 0.54% to $319.29. A bullish start to the day saw Ethereum rise from an early morning low $317.52 to a high $319.50.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $317 pivot to support a run at the first major resistance level at $327.86.
Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $327.34.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high should cap any upside.
Failure to avoid a fall through the $317 pivot would bring the first major support level at $306.81 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$300 levels. The first major support level should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $306.81
Pivot Level: $317
First Major Resistance Level: $327.86
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 2.67% on Tuesday. Following on from a 4.33% rally on Monday, Ripple’s XRP ended the day at $0.23070.
It was a mixed start to the day, with Ripple’s XRP rising to an early morning high $0.22698 before hitting reverse.
Falling short of the first major resistance level at $0.2333, Ripple’s XRP slid to a late morning intraday low $0.21773.
Steering clear of the first major support level at $0.2127, Ripple’s XRP rallied to a late intraday high $0.23499.
Ripple’s XRP broke back through the first major resistance level at $0.2333 before sliding back to sub-$0.23 levels.
Finding late support, however, Ripple’s XRP wrapped up the day at $0.23 levels for the 1st time since March.
At the time of writing, Ripple’s XRP was up by 0.87% to $0.23271. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.23085 to a high $0.23271.
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 $0.2287 pivot to support a run at the first major resistance level at $0.2379.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Tuesday’s high $0.23499.
Barring a broad-based crypto rally, the first major resistance level should cap any upside.
In the event of a breakout, Ripple’s XRP should test the second major resistance level at $0.2451 before any pullback.
Failure to avoid a fall through the $0.2278 pivot would bring the first major support level at $0.2206 into play.
Barring an extended crypto sell-off, Ripple’s XRP should avoid sub-$0.22 levels and the second major support level at $0.2105.
Looking at the Technical Indicators
First Major Support Level: $0.2206
Pivot Level: $0.2278
First Major Resistance Level: $0.2379
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