EOS
EOS fell by 0.19% on Friday. Following on from a 1.18% decline on Thursday, EOS ended the day at $.24991.
It was another mixed start to the day. EOS rose to an early morning high $2.5155 before hitting reverse.
Coming up short of the major resistance levels, EOS fell to a mid-morning intraday low $2.4767.
Steering clear of the first major support level at $2.4382, EOS struck a mid-day intraday high $2.5233 before easing back.
Falling short of the first major resistance level at $2.5641, EOS fell back to sub-$2.50 levels and into the red.
Finding support late in the day, EOS briefly moved back through to $2.50 levels before easing back.
At the time of writing, EOS was up by 0.18% to $2.5036. A bullish start to the day saw EOS rise from an early morning low $2.5036 to a high $2.5063.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $2.5000 pivot level to support a run at the first major resistance level at $2.5227.
Support from the broader market would be needed, however, for EOS to break back through to $2.52 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $2.5233 would likely cap any upside.
Failure to move through the $2.5000 pivot would bring the first major support level at $2.4761 into play.
Barring another extended sell-off, EOS should steer clear of sub-$2.40 levels. The third major support level at $2.4065 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $2.4761
Pivot Level: $2.5000
First Major Resistance Level: $2.5227
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 0.33% on Friday. Following on from a 2.07% slide on Thursday, Ethereum ended the day at $232.7.
It was also another mixed start to the day. Ethereum rose to an early morning high $234.33 before hitting reverse.
Falling short of the first major resistance level at $238.46, Ethereum slid to a mid-morning intraday low $230.87.
Steering clear of the first major support level at $229.07, Ethereum moved back through to $233 levels before easing back.
At the time of writing, Ethereum was up by 0.16% to $233.07. A mixed start to the day saw Ethereum fall to an early morning low $232.49 before rising to a high $233.26.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $232.71 pivot to support a run at the first major resistance level at $234.54.
Support from the broader market would be needed, however, for Ethereum to break back through to $234 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $234.55 should cap any upside.
Failure to avoid a fall through the $232.71 pivot would bring the first major support level at $230.86 into play.
Barring another extended sell-off, Ethereum should continue to steer clear of sub-$225 levels. The second major support level at $229.03 would come into play in the event of a pullback, however.
Looking at the Technical Indicators
First Major Support Level: $230.86
Pivot Level: $232.71
First Major Resistance Level: $234.54
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 0.03% on Friday. Following on from a 1.58% slide on Thursday, Ripple’s XRP ended the day at $0.19464.
A bearish start to the day saw Ripple’s XRP fall to a mid-morning intraday low $0.19153 before making a move.
Steering clear of the first major support level at $0.1894, Ripple’s XRP struck a mid-day intraday high $0.19842.
Falling short of the first major resistance level at $0.19785, Ripple’s XRP fell back to sub-$0.1930 levels before finding support.
A late move back through to $0.1940 levels reversed the heavier losses from the day.
At the time of writing, Ripple’s XRP was up by 0.13% to $0.19490. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.19434 before rising to a high $0.19490.
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 back through the $0.1949 pivot to support a run at the first major resistance level at $0.1982.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.1980 levels.
Barring a broad-based crypto rally, the first major resistance level and Friday’s high $0.19842 should cap any upside.
In the event of a breakout, Ripple’s XRP should test resistance at $0.20 before any pullback. The second major resistance level sits at $0.2018.
Failure to avoid a fall back through the $0.1949 pivot would bring the first major support level at $0.1913 into play.
Barring an extended crypto sell-off, Ripple’s XRP should avoid sub-$0.1850 levels. The second major support level at $0.1880 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $0.1913
Pivot Level: $0.1949
First Major Resistance Level: $0.1982
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