EOS
EOS fell by 2.14% on Tuesday. Partially reversing Monday’s 8.56% rally, EOS ended the day at $2.5605.
A bullish start to the day saw EOS rise to an early morning intraday high $2.6308 before hitting reverse.
Falling short of the first major resistance level at $2.7031, EOS slid to a late morning intraday low $2.5264.
Steering clear of the first major support level at $2.4665, EOS recovered to $2.57 levels late in the day before easing back.
At the time of writing, EOS was up by 0.20% to $2.5655. A bullish start to the day saw EOS rise from an early morning low $2.5629 to a high $2.5681.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $2.5730 pivot level to support a run at the first major resistance level at $2.6187.
Support from the broader market would be needed, however, for EOS to break back through to $2.60 levels.
Barring another extended crypto rally, the first major resistance level at $2.6187 would likely cap any upside.
Failure to move through the $2.5730 pivot would bring the first major support level at $2.5143 into play.
Barring another extended sell-off, EOS should steer clear of the second major support level at $2.4682.
Looking at the Technical Indicators
Major Support Level: $2.5143
Major Resistance Level: $2.6187
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 0.97% on Tuesday. Partially reversing a 6.16% rally from Monday, Ethereum ended the day at $239.37.
A mixed start to the day saw Ethereum rise to an early morning intraday high $243.82 before hitting reverse.
Falling short of the first major resistance level at $246.73, Ethereum slid to a late morning intraday low $234.55.
Steering clear of the first major support level at $231.82, Ethereum recovered to $240 levels before easing back to $236 levels.
Finding late support, Ethereum wrapped up the day at $239 levels to limit the loss on the day.
At the time of writing, Ethereum was down by 0.07% to $239.20. A mixed start to the day saw Ethereum rise to an early morning high $239.68 before falling to a low $239.19.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $239.3 pivot to support a run at the first major resistance level at $243.94.
Support from the broader market would be needed, however, for Ethereum to break out Tuesday’s high $243.82.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high should cap any upside.
Failure to move through the $239.30 pivot would bring the first major support level at $234.67 into play.
Barring another extended sell-off, Ethereum should continue to steer clear of sub-$230 levels. The second major support level sits at $229.98.
Looking at the Technical Indicators
Major Support Level: $234.67
Major Resistance Level: $243.94
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP slid by 1.93% on Tuesday. Partially reversing a 6.66% rally from Monday, Ripple’s XRP ended the day at $0.18543
Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.18999 before hitting reverse.
Falling short of the first major resistance level at $0.1934, Ripple’s XRP slid to a late intraday low $0.18320.
Steering clear of the first major support level at $0.1806, Ripple’s XRP recovered to $0.1850 levels to limit the downside.
At the time of writing, Ripple’s XRP was down by 0.26% to $0.18495. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.18539 to a low $0.18495.
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 $0.1862 pivot to support a run at the first major resistance level at $0.1892.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from $0.1850 levels.
Barring a broad-based crypto rally, the first major resistance level and Tuesday’s high $0.18999 would likely limit any upside.
In the event of a breakout, Ripple’s XRP should test the second major resistance level at $0.1930 before any pullback.
Failure to move through the $0.1862 pivot would bring the first major support level at $0.1824 into play.
Barring another extended crypto sell-off, Ripple’s XRP should avoid sub-$0.1800 levels. The second major support level sits at $0.1794.
Looking at the Technical Indicators
Major Support Level: $0.1824
Major Resistance Level: $0.1892
23.6% FIB Retracement Level: $0.3638
38.2% FIB Retracement Level: $0.4800
62% FIB Retracement Level: $0.667
Please let us know what you think in the comments below.
Thanks, Bob
This article was originally posted on FX Empire