EOS
EOS rose by 1.36% on Friday, Following on from a 0.90% gain on Thursday, EOS ended the month up by 30.56% to $3.0950.
It was a mixed start to the day. EOS fell to an early morning intraday low $3.0163 before making a move.
Steering clear of the first major support level at $2.9763, EOS rallied to a late afternoon intraday high $3.1481
EOS broke through the first major resistance level at $3.1191 before easing back to sub-$3.10 levels.
At the time of writing, EOS was down by 0.17% to $3.0896. A mixed start to the day saw EOS rise to an early morning high $3.1155 before falling to a low $3.0896.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $3.0865 pivot level to support a run at the first major resistance level at $3.1566.
Support from the broader market would be needed, however, for EOS to break back out from Friday’s high $3.1481.
Barring another extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $3.0865 pivot would bring the first major support level at $3.0248 into play.
Barring an extended sell-off, EOS should steer clear of the second major support level at $2.9547.
Looking at the Technical Indicators
First Major Support Level: $3.0248
Pivot Level: $3.0865
First Major Resistance Level: $3.1566
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 3.46% on Friday. Following on from a 5.39% rally on Thursday, Ethereum ended the month up by 53.82% to $346.86.
Another mixed start saw Ethereum fall to an early morning intraday low $328.35 before making a move.
Steering clear of the first major support level at $319.09, Ethereum rallied to a late intraday high $349.74.
Ethereum broke through the first major resistance level at $346.97 to test resistance at $350 before easing back.
Ethereum slipped back through the first major resistance level at $346.97 late in the day.
At the time of writing, Ethereum was down by 0.28% to $345.88. A mixed start to the day saw Ethereum rise to an early morning high $347.99 before falling to a low $345.56.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $341.65 pivot to support a run at the first major resistance level at $354.95.
Support from the broader market would be needed, however, for Ethereum to break out form Friday’s high $349.74.
Barring an extended crypto rally, the first major resistance level should cap any upside.
A fall through the $341.65 pivot would bring the first major support level at $333.56 into play.
Barring an extended sell-off, however, Ethereum should steer well clear of the second major support level at $320.26.
Looking at the Technical Indicators
First Major Support Level: $333.56
Pivot Level: $341.65
First Major Resistance Level: $354.95
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP rallied by 6.22% on Friday. Following on from a 0.36% gain on Thursday, Ripple’s XRP ended the month up by 48.21% to $0.25983.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.24201 before finding support.
Steering clear of the first major support level at $0.2359, Ripple’s XRP rallied to a late intraday high $0.26078.
Ripple’s XRP broke through the first major resistance level at $0.2517 and the second major resistance level at $0.2587.
On the day, it was the first visit to $0.26 levels since early February before wrapping up the day at $0.2590 levels.
At the time of writing, Ripple’s XRP was down by 0.28% to $0.25909. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.26021 before falling to a low $0.25833.
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 $0.2542 pivot to support a run at the first major resistance level at $0.2664.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Friday’s high $0.26078.
Barring another broad-based crypto rally, the first major resistance level should cap any upside.
In the event of a breakout, Ripple’s XRP would likely test the second major resistance level at $0.0.2730 before any pullback.
Failure to avoid a fall through the $0.2542 pivot would bring the first major support level at $0.2476 into play.
Barring an extended crypto sell-off, Ripple’s XRP should avoid sub-$0.25 levels, however.
Looking at the Technical Indicators
First Major Support Level: $0.2476
Pivot Level: $0.2542
First Major Resistance Level: $0.2664
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