EOS
EOS rallied by 4.01% on Friday. Following on from a 3.74% gain on Thursday, EOS ended the day at $3.2665.
It was a mixed start to the day. EOS fell to an early morning intraday low $3.0790 before making a move.
Steering clear of the first major support level at $2.9809, EOS rallied to a late intraday high $3.2989.
EOS broke through the first major resistance level at $3.2328 before easing back to wrap up the day at $3.26 levels.
At the time of writing, EOS was 3.37% to $3.3765. A bullish start to the day saw EOS rise from an early morning low $3.2656 to a high $3.4425.
EOS broke through the first major resistance level at $3.3506 and the second major resistance at $3.4347 early on.
For the day ahead
EOS would need to avoid a fall back through the first major resistance level $3.3506 to break back through the second major resistance level at $3.4347.
Support from the broader market would be needed, however, for EOS to move back through to $3.40 levels.
Barring an extended crypto rally, the second major resistance level would likely cap any upside.
A fall first major resistance level would bring sub-$3.30 levels into play before any recovery.
Barring an extended sell-off, however, EOS should steer clear of the pivot level at $3.2148 and the major support levels. The first major support level sits at $3.1307.
Looking at the Technical Indicators
First Major Support Level: $3.1307
Pivot Level: $3.2148
First Major Resistance Level: $3.3506
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 3.25% on Friday. Following on from Thursday’s 9.73% rally, Ethereum ended the day at $438.83.
A mixed start to the day saw Ethereum dip to an early morning intraday low $417.52 before finding support.
Steering clear of the first major support level at $389.95, Ethereum rose to a late afternoon intraday high $445.45.
Falling short of the first major resistance level at $446.43, Ethereum slipped back to end the day at sub-$440 levels.
At the time of writing, Ethereum was up by 0.02% to $438.91. A mixed start to the day saw Ethereum rise to an early morning high $441.24 before falling to a low $435.69.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $434 pivot to support a run at the first major resistance level at $450.35.
Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $445.45.
Barring an extended crypto rally, the first major resistance level should continue to cap any upside.
A fall through the $434 pivot would bring the first major support level at $422.42 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$400 levels. The second major support level at $406 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $422.42
Pivot Level: $434
First Major Resistance Level: $450.35
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP rose by 1.83% on Friday. Following on from a 4.51% rally on Thursday, Ripple’s XRP ended the day at $0.30032.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.29028 before making a move.
Steering clear of the first major support level at $0.2800, Ripple’s XRP rallied to a late intraday high $0.30740.
Ripple’s XRP broke through the first major resistance level at $0.3029 before falling back to sub-$0.30 levels.
A late recovery saw Ripple’s XRP move back through to $0.30 levels to end the day with another solid gain.
At the time of writing, Ripple’s XRP was up by 0.89% to $0.30299. A bullish start to the day saw Ripple’s XRP rally from an early morning low $0.30056 to a high $0.30548.
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 $0.2993 pivot to support another run at the first major resistance level at $0.3084.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Friday’s high $0.3074.
Barring a broad-based crypto rally, the first major resistance level should cap any upside.
A fall through the $0.2993 pivot would bring the first major support level at $0.2912 into play.
Barring another extended crypto sell-off, Ripple’s XRP should avoid sub-$0.29 levels on the day.
The second major support level sits at $0.2821.
Looking at the Technical Indicators
First Major Support Level: $0.2912
Pivot Level: $0.2993
First Major Resistance Level: $0.3084
23.6% FIB Retracement Level: $0.3638
38.2% FIB Retracement Level: $0.4800
62% FIB Retracement Level: $0.6678
Thanks, Bob
article was originally posted on FX Empire” data-reactid=”133″>This article was originally posted on FX Empire
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