EOS
EOS rose by 1.12% on Thursday. Following on from a 7.18% rally on Wednesday, EOS ended the day at $4.5855.
Another mixed start to the day saw EOS fall to an early morning low $4.4607 before making a move.
Steering clear of the first major support level at $4.2751, EOS rallied to an early afternoon intraday high $4.6657.
Falling short of the first major resistance level at $4.6903, EOS slid back to a mid-afternoon intraday low $4.4285.
Continuing to steer clear of the major support levels, EOS recovered to $4.5 levels to wrap up the day in the green.
At the time of writing, EOS was up by 1.06% to $4.6341. A bullish start to the day saw EOS rise from an early morning low $4.5689 to a high $4.6555.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move back through the morning high $4.6555 to support a run at the first major resistance level at $4.6913.
Support from the broader market would be needed, however, for EOS to break out from Thursday’s high $4.6647.
Barring a broad-based crypto rally, the first major resistance level at $4.6913 and Thursday high would likely cap any upside.
Failure to move back through the morning high could see EOS fall back into the red.
A fall back through the morning low $4.5689 to sub-$4.56 levels would bring the first major support level at $4.4541 into play.
Barring an extended crypto sell-off, however, EOS should continue to steer of the second major support level at $4.3227.
Looking at the Technical Indicators
Major Support Level: $4.4541
Major Resistance Level: $4.6913
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 4.38% on Thursday. Following on from an 8.37% rally on Wednesday, Ethereum ended the day at $212.95.
A bearish start to the day saw Ethereum fall to an early morning intraday low $200.54 before making a move.
Steering clear of the first major support level at $191.28, Ethereum rallied to an early afternoon intraday high $216.49.
Ethereum broke through the first major resistance level at $212.32 before sliding back to $205 levels.
Finding support late on, Ethereum broke back through the first major resistance level to wrap up the day at $212 levels.
At the time of writing, Ethereum was up by 2.41% to $218.08. A bullish start to the day saw Ethereum rally from an early morning low $212.94 to a high $218.89.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move back through the morning high $218.89 to support a run at the first major resistance level at $219.45.
Support from the broader market would be needed, however, for Ethereum to break through to $219 levels.
Barring a broad-based crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended crypto rally, the second major resistance level at $225.94 could come into play.
Failure to move through the morning high $218.89 could see Ethereum hit reverse.
A fall through the morning low $212.94 to sub-$210 levels would bring the first major support level at $203.5 into play.
Barring a crypto meltdown, however, Ethereum should steer well clear of sub-$200 levels on the day.
Looking at the Technical Indicators
Major Support Level: $203.50
Major Resistance Level: $219.45
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 1.84% on Thursday. Following on from a 3.86% gain on Wednesday, Ripple’s XRP ended the day at $0.28294.
Tracking the broader market, Ripple’s XRP recovered from an early morning low $0.27300 to strike an early morning high $0.28700.
Ripple’s XRP broke through the first major resistance level at $0.2845 before sliding to a mid-afternoon intraday low $0.26114.
Ripple’s XRP fell through the first major support level at $0.2693. Finding support at the second major support level at $0.2608, Ripple’s XRP bounced back to a late afternoon intraday high $0.28793.
Ripple’s XRP broke back through the first major resistance level before easing back to wrap up the day at sub-$0.2830.
At the time of writing, Ripple’s XRP was up by 1.03% to $0.28585. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.28104 to a high $0.28715.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to move back through the morning high $0.28715 to support a run at the first major resistance level at $0.2935.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Thursday’s high $0.28793.
Barring an extended rally, however, resistance at $0.29 would likely leave Ripple’s XRP short of the first major resistance level at $0.2935.
In the event of an extended crypto rally, Ripple’s XRP could visit $0.30 levels before any pullback.
Failure to move back through the morning high $0.28715 could see Ripple’s XRP hit reverse.
A fall back through to sub-$0.2770 levels would bring the first major support level at $0.2667 into play.
Barring a crypto meltdown, however, Ripple’s XRP should steer clear of sub-$0.26 levels on the day.
Looking at the Technical Indicators
Major Support Level: $0.2667
Major Resistance Level: $0.2935
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
