EOS
EOS jumped by 8.11% on Tuesday. Reversing a 1.29% fall from Monday, EOS ended the day at $3.4711.
It was a mixed start to the day. EOS fell to an early morning intraday low $3.1436 before making a move.
EOS fell through the first major support level at $3.1649 before rallying to a late intraday high $3.5568.
The day-long rally saw EOS break through the day’s major resistance levels to hit $3.5 levels for the 1st time since mid-August.
At the time of writing, EOS was up by 0.65% to $3.4935. A mixed start to the day saw EOS fall to an early morning low $3.4667 before striking a high $3.5009
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $3.3905 pivot level to support a run at the first major resistance level at $3.6374.
Support from the broader market would be needed, however, for EOS to break out from Tuesday’s high $3.5568.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the pivot level at $3.3905 would bring the first major support level at $3.2242 into play.
Barring an extended sell-off, however, EOS should avoid a return to sub-$3.20 levels. The second major support level sits at $2.9773.
Looking at the Technical Indicators
First Major Support Level: $3.2242
Pivot Level: $3.3905
First Major resistance Level: $3.6374
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Ethereum
Ethereum rallied by 9.61% on Tuesday. Following on from a 1.16% gain on Monday, Ethereum ended the day at $475.57.
It was a mixed start to the day. Ethereum fell to an early morning intraday low $429.66 before making a move.
Steering clear of the first major support level at $421.70, Ethereum rallied to a late intraday high $488.95.
Ethereum broke through the day’s major resistance levels to visit $480 levels for the 1st time since July-2018.
At the time of writing, Ethereum was up by 0.22% to $476.61. A mixed start to the day saw Ethereum fall to an early morning low $474.73 before rising to a high $479.00.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $464.73 pivot to support a run at the first major resistance level at $499.79.
Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $488.95.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $464.73 pivot would bring the first major support level at $440.5 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$410 levels and the second major support level at $405.44.
Looking at the Technical Indicators
First Major Support Level: $440.5
Pivot Level: $464.73
First Major Resistance Level: $499.79
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 4.97% on Tuesday. Reversing a 0.59% decline from Monday, Ripple’s XRP ended the day at $2.9539.
It was a bearish start to the day. Ripple’s XRP slid to an early morning intraday low $0.27464 before making a move.
Ripple’s XRP fell through the first major support level at $0.2780 and the second major support level at $0.2747.
Finding support from the broader market, however, Ripple’s XRP rallied to a late intraday high $0.29946.
Ripple’s XRP broke through the day’s major resistance levels to come up against resistance at $0.30 before easing back.
While easing back, Ripple’s XRP avoided a fall through the third major resistance level at $0.2946.
At the time of writing, Ripple’s XRP was up by 3.01% to $0.30427. A bullish start to the day saw Ripple’s XRP rally from an early morning low $0.29529 to a high $0.30432.
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 $0.2898 pivot to support a run at the first major resistance level at $0.3050.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.30432.
Barring an extended crypto rally, the first major resistance level should cap any upside.
Failure to avoid a fall through the $0.2898 pivot would bring the first major support level at $0.2802 into play.
Barring an extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.28 levels. The second major support level sits at $0.2650.
Looking at the Technical Indicators
First Major Support Level: $0.2802
Pivot Level: $0.2898
First Major Resistance Level: $0.3050
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