EOS
EOS rose by 1.92% on Friday. Following on from a 4.74% rally on Thursday, EOS ended the day at $3.8520.
A choppy start to the day saw EOS fall to an early morning intraday low $3.7226 before finding support.
Steering clear of the first major support level at $3.6403, EOS rallied to a late morning intraday high $3.8811.
EOS came within range of the first major resistance level at $3.8825 before sliding to an afternoon low $3.7521.
The pullback into the red was brief, however, with late support delivering the upside on the day.
At the time of writing, EOS was down by 0.81% to $3.8208. A mixed start to the day saw EOS rise to an early morning high $3.8626 before falling to a low $3.8190.
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 $3.8626 to bring the first major resistance level at $3.9145 into play.
Support from the broader market would be needed, however, for EOS to break out from Friday’s high $3.8811.
Barring a broad-based crypto rally, the first major resistance level at $3.9145 and Friday’s high should limit any upside.
Failure to move back through the morning high could see EOS fall deeper into the red.
A fall back through to sub-$3.8185 levels would bring the first major support level at $3.7560 into play.
Barring an extended crypto sell-off, however, EOS should continue to steer clear of sub-$3.70 support levels.
Looking at the Technical Indicators
Major Support Level: $3.7560
Major Resistance Level: $3.9145
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rallied by 7.42% on Friday. Following on from a 1.85% gain on Thursday, Ethereum ended the day at $245.56.
A bearish start to the day saw Ethereum fall to an early morning intraday low $227.77 before making a move.
Steering clear of the first major support level at $223.93, Ethereum rallied to a final hour intraday high $245.84.
The rally saw Ethereum break through the first major resistance level at $233.91 and second major resistance level at $239.18.
It was Ethereum’s first visit to $240 levels in the month.
At the time of writing, Ethereum was down by 0.65% to $243.96. A mixed start to the day saw Ethereum strike an early morning high $247.02 before falling to a low $243.49.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move back through to $245 levels to support a run at the first major resistance level at $251.68.
Support from the broader market would be needed, however, for Ethereum to breakout from Friday’s high $245.84.
Barring a broad-based crypto rally, resistance at $250 would likely leave Ethereum short of the major resistance levels.
Failure to move back through to $245 levels could see Ethereum give up more of Friday’s gains.
A fall through to sub-$240 levels would bring the first major support level at $233.61 into play.
Barring an extended crypto sell-off, Ethereum should steer clear of the second major support level at $221.65.
Looking at the Technical Indicators
Major Support Level: $233.61
Major Resistance Level: $251.68
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 2.43% on Friday. Following on from a 1.79% gain on Thursday, Ripple’s XRP ended the day at $0.24574.
A bearish start to the day saw Ripple’s XRP fall to an early morning intraday low $0.23920 before finding support.
Steering clear of the first major support level at $0.23570, Ripple’s XRP rallied to a late morning intraday high $0.24700.
Ripple’s XRP broke through the first major resistance level at $0.24410 before falling back to $0.2410 levels.
Finding support late on, Ripple’s XRP broke back through the first major resistance level to wrap up the day at $0.2450 levels.
At the time of writing, Ripple’s XRP was down by 0.56% to $0.24437. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.24616 before falling to a low $0.24403.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to avoid sub-$0.2440 levels to support a run at the first major resistance level at $0.2488.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from the Friday’s high $0.24700.
Barring an extended crypto rally, the first major resistance level at $0.2488 and Friday’s high would likely limit any upside.
Failure to avoid sub-$0.2440 levels could see Ripple’s XRP fall deeper into the red.
A fall through to sub-$0.2440 levels would bring the first major support level at $0.2410 into play.
Barring a broad-based crypto sell-off, however, Ripple’s XRP should continue to steer clear of sub-$0.23 levels. The second major support level at $0.2362 should limit any downside on the day.
Looking at the Technical Indicators
Major Support Level: $0.2410
Major Resistance Level: $0.2488
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