EOS
EOS rose by 0.90% on Thursday. Following on from a 0.79% gain on Wednesday, EOS ended the day at $3.0540.
It was a bearish start to the day. EOS fell to a mid-morning intraday low $2.9638 before making a move.
Steering clear of the first major support level at $2.9367, EOS rallied to a late intraday high $3.1066.
Falling short of the first major resistance level at $3.1410, EOS slipped back to wrap up the day at sub-$3.10 levels.
At the time of writing, EOS was up by 0.15% to $3.0585. A bullish start to the day saw EOS rise from an early morning low $3.0535 to a high $3.0652.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $3.0415 pivot level to support a run at the first major resistance level at $3.1191.
Support from the broader market would be needed, however, for EOS to break out from Thursday’s high $3.1066.
Barring another extended crypto rally, the first major resistance level at $3.1191 would likely cap any upside.
Failure to avoid a fall through the $3.0415 pivot would bring the first major support level at $2.9763 into play.
Barring an extended sell-off, EOS should steer well clear of sub-$2.90 levels and the second major support level at $2.8987.
Looking at the Technical Indicators
First Major Support Level: $2.9763
Pivot Level: $3.0415
First Major Resistance Level: $3.1191
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rallied by 5.39% on Thursday. Following a modest 0.20% rise from on Wednesday, Ethereum ended the day at $335.31.
A mixed start saw Ethereum fall to an early morning intraday low $314.52 before making a move.
Steering clear of the first major support level at $311.93, Ethereum rallied to a late intraday high $342.40.
Ethereum broke through the first major resistance level at $325.12 and the second major resistance level at $332.08.
Coming up short of the third major resistance level at $345.27, Ethereum eased back to sub-$340 levels.
At the time of writing, Ethereum was up by 0.08% to $335.58. A bullish start to the day saw Ethereum rise from an early morning low $335.18 to a high $336.99.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $330.74 pivot to support a run at the first major resistance level at $347.
Support from the broader market would be needed, however, for Ethereum to break out form Thursday’s high $342.40.
Barring an extended crypto rally, the first major resistance level should cap any upside.
A fall through the $330.74 pivot would bring the first major support level at $319 into play.
Barring an extended sell-off, however, Ethereum should steer well clear of the second major support level at $302.86.
Looking at the Technical Indicators
First Major Support Level: $319
Pivot Level: $330.74
First Major Resistance Level: $347
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 0.36% on Thursday. Following on from Wednesday’s 5.57% rally, Ripple’s XRP ended the day at $0.24462.
A bearish start to the day saw Ripple’s XRP fall to an early morning intraday low $0.23425 before finding support.
Steering clear of the first major support level at $0.2320, Ripple’s XRP rose to a late intraday high $0.25000.
Falling short of the first major resistance level at $0.2530, Ripple’s XRP eased back to limit the upside on the day.
At the time of writing, Ripple’s XRP was down by 0.03% to $0.24454. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.24602 before falling to a low $0.24443.
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 $0.2430 pivot to support a run at the first major resistance level at $0.2517.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Thursday’s high $0.2500.
Barring another 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 $0.2587 before any pullback.
Failure to avoid a fall through the $0.2430 pivot would bring the first major support level at $0.2359 into play.
Barring an extended crypto sell-off, Ripple’s XRP should avoid sub-$0.23 levels and the second major support level at $0.2272.
Looking at the Technical Indicators
First Major Support Level: $0.2359
Pivot Level: $0.2430
First Major Resistance Level: $0.2517
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