EOS
EOS rallied by 14.50% on Friday. Reversing most of a 15.65% slide from Thursday, EOS ended the day at $2.9978.
It was a bearish start to the day. EOS fell to an early morning intraday low $2.5759 before making a move.
Steering clear of the first major support level at $2.3463, EOS rallied to a late morning intraday high $3.2468.
EOS broke through the first major resistance level at $3.0268 before sliding back to $2.79 levels.
Finding late support, EOS broke back through the first major resistance level before easing back to sub-$3.00 levels.
At the time of writing, EOS was up by 3.16% to $3.0926. A bullish start to the day saw EOS rise from an early morning low $2.9937 to a high $3.1210.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $2.9402 pivot level to support a run at the first major resistance level at $2.3044.
Support from the broader market would be needed, however, for EOS to break out from Friday’s high $3.2468.
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 $2.9402 would bring the first major support level at $2.6335 into play.
Barring an extended sell-off, however, EOS should steer well clear of sub-$2.60 levels and Friday’s low $2.5759. The second major support level sits at $2.2693.
Looking at the Technical Indicators
First Major Support Level: $2.6335
Pivot Level: $2.9402
First Major resistance Level: $3.3044
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Ethereum
Ethereum rose by 1.12% on Friday. Partially reversing a 13.19% tumble from Thursday, Ethereum ended the day at $386.35.
It was a mixed start to the day. Ethereum fell to an early morning low $374.06 before striking a late morning intraday high $400.80.
Falling short of the first major resistance level at $431.28, Ethereum slid to an early afternoon intraday low $355.5.
Ethereum fell through the 38.2% FIB of $367 before revisiting $390 levels. A bearish end to the day, however, left Ethereum at sub-$390 on the day.
At the time of writing, Ethereum was up by 1.06% to $390.46. A bullish start to the day saw Ethereum rise from an early morning low $385.53 to a high $390.78.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $380.88 pivot to support a run at the first major resistance level at $406.27.
Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $400.80.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $406.27 pivot would bring the 38.2% FIB of $367 and the first major support level at $360.97 into play.
Barring another extended sell-off, however, Ethereum should avoid sub-$360 levels. The second major support level sits at $335.58.
Looking at the Technical Indicators
First Major Support Level: $360.97
Pivot Level: $380.88
First Major Resistance Level: $406.27
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 3.82% on Friday. Partially reversing an 11.35% tumble from Thursday, Ripple’s XRP ended the day at $0.2406.
Tracking the broader market, Ripple’s XRP fell to an early morning low $0.24080 before making a move.
Steering well clear of the first major support level at $0.2289, Ripple’s XRP rallied to a late morning intraday high $0.26590.
Falling short of the first major resistance level at $0.2684, Ripple’s XRP slid to an early afternoon intraday low $0.24033
Continuing to steer clear of the first major support level at $0.2289, Ripple’s XRP recovered to $0.254 levels.
At the time of writing, Ripple’s XRP was up by 1.78% to $0.25857. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.25384 to a high $0.25857.
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 $0.2534 pivot to support a run at the first major resistance level at $0.2665.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Friday’s high $0.2659.
Barring an extended crypto rally, the first major resistance level and Friday’s high would likely cap any upside.
Failure to avoid a fall through the $0.2534 pivot would bring the first major support level at $0.2410 into play.
Barring another extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.24 levels. The second major support level sits at $0.2279.
Looking at the Technical Indicators
First Major Support Level: $0.2410
Pivot Level: $0.2534
First Major Resistance Level: $0.2665
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