EOS
EOS fell by 0.71% on Thursday. Reversing a 0.35% gain from Wednesday, EOS ended the day at $2.3619.
It was particularly range-bound through to the early afternoon. EOS eased to a late morning low $2.3654 before striking an early afternoon intraday high $2.3893.
EOS steered clear of the major support and resistance levels before a late afternoon slide to an intraday low $2.3087.
Failing to break out from the $2.3820 pivot weighed in the afternoon. EOS slid through the first major support level at $2.3564 and the second major support level at $2.3341.
Steering clear of sub-$2.30 EOS moved back through the major support levels to $2.36 levels to limit the loss on the day.
At the time of writing, EOS was down by 0.17% to $2.3580. A bearish start to the day saw EOS fall from an early morning high $2.3621 to a low $2.3580.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $2.3530 pivot level to support a run at the first major resistance level at $2.3979.
Support from the broader market would be needed, however, for EOS to break out from Thursday’s high $2.3893.
Barring an extended crypto rally, the first major resistance level and Thursday’s high would likely cap any upside.
Failure to avoid a fall through the $2.3530 pivot could see EOS struggle on the day.
A fall through to sub-$2.35 levels would bring the first major support level at $2.3173 into play.
Barring another extended sell-off, EOS should steer clear of the second major support level at $2.2727.
Looking at the Technical Indicators
Major Support Level: $2.3173
Major Resistance Level: $2.3979
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 2.02% on Thursday. Partially reversing a 2.45% rally from Wednesday, Ethereum ended the day at $226.48.
A mixed start to the day saw Ethereum rise to an early morning intraday high $232.15 before hitting reverse.
Falling short of the first major resistance level at $234.50, Ethereum fell to a late morning low $226.77 before finding support.
Holding above the first major support level at $225.84, Ethereum bounced back to $231 levels before a 2nd reversal.
The reversal saw Ethereum slide through the first major support level at $225.84 to a late afternoon intraday low $222.78.
Finding late support, Ethereum moved back through to $228 levels before easing back.
At the time of writing, Ethereum was down by 0.41% to $225.55. A bearish start to the day saw Ethereum fall from an early morning high $226.43 to a low $225.40.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $227.15 pivot to support a run at the first major resistance level at $231.49.
Support from the broader market would be needed, however, for Ethereum to break back through to $230 levels.
Barring an extended crypto rally, the first major resistance level and Thursday’s high $232.15 should cap any upside.
Failure to move through the $227.15 pivot would bring the first major support level at $222.12 into play.
Barring another extended sell-off, Ethereum should steer clear of sub-$215 levels. The second major support level at $217.77 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $222.12
Major Resistance Level: $231.49
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 0.83% on Thursday. Reversing a 0.77% gain from Wednesday, Ripple’s XRP ended the day at $0.17528.
A bearish start to the day saw Ripple’s XRP fall to a mid-morning low $0.17550 before making a move.
Steering clear of the major support levels, Ripple’s XRP struck an early afternoon intraday high $0.17746.
Falling short of the first major resistance level at $0.1787, Ripple’s XRP slid to a late afternoon intraday low $0.17234.
Ripple’s XRP fell through the first major support level at $0.1743 before recovering to $0.1750 levels. Steering clear of sub-$0.17 levels was key on the day.
At the time of writing, Ripple’s XRP was down by 0.01% to $0.17491. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.17453 before rising to a high $0.17491.
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 the $0.1750 pivot to support a run at the first major resistance level at $0.1777.
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, Thursday’s high $0.17746 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 $0.1801 before any pullback.
Failure to move through the $0.1750 pivot would bring the first major support level at $0.1726 into play.
Barring an extended crypto sell-off, Ripple’s XRP should avoid the second major support level at $0.16999.
Looking at the Technical Indicators
Major Support Level: $0.1726
Major Resistance Level: $0.1777
23.6% FIB Retracement Level: $0.3638
38.2% FIB Retracement Level: $0.4800
62% FIB Retracement Level: $0.6678
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Thanks, Bob
This article was originally posted on FX Empire