It's a bullish start to the day, with the majors looking to wrap up a solid week on a high.
EOS rose by 0.34% on Saturday. Following on from an 8.28% surge on Friday, EOS ended the day at $2.9945.
A mixed start to the day saw EOS fall to an early morning intraday low $2.9301 before making a move.
Steering clear of the first major support level at $2.7495, EOS rallied to a late intraday high $3.1242.
EOS broke through the first major resistance level at $3.0999 before sliding back to sub-$3 levels.
At the time of writing, EOS was up by 1.10% to $3.0273. Another mixed start to the day saw EOS fall to an early morning low $2.9305 before striking a high $3.0449.
EOS left the major support and resistance levels untested early on.
EOS would need to steer clear of sub-$3.020 levels to support a run at the first major resistance level at $3.1024.
Support from the broader market would be needed, however, for EOS to breakout from the morning high $3.0449.
Barring an extended broad-based crypto rally, the first major resistance level and Saturday’s high $3.1242 would likely limit any upside.
Failure to steer clear of sub-$3.020 levels could see EOS hit reverse.
A fall through the morning low $2.9305 would bring the first major support level at $2.9083 into play.
Barring a crypto meltdown, however, EOS should steer clear of sub-$2.90 levels and the second major support level at $2.8222.
Major Support Level: $2.9083
Major Resistance Level: $3.1024
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum fell by 1.56% on Saturday. Partially reversing a 5.08% rally from Friday, Ethereum ended the day at $142.63.
A mixed start to the day saw Ethereum rise to an early morning high $145.25 before falling back to $142 levels.
Steering clear of the major support and resistance levels, Ethereum rallied to a late afternoon intraday high $148.0.
Ethereum came within range of the first major resistance level at $148.60 before sliding back to $142 levels and into the red.
At the time of writing, Ethereum was up by 0.99% to $144.04. A mixed start to the day saw Ethereum fall to an early morning low $141.83 before striking a high $144.39.
Ethereum left the major support and resistance levels untested early on.
Ethereum would need to hold onto $144 levels to support a run at the first major resistance level at $146.42.
Support from the broader market would be needed for Ethereum to break through to $145 levels.
Barring a broad-based crypto rally, however, the first major resistance level and Saturday’s high $148 would likely pin Ethereum back from $160.
Failure to hold onto $144 levels could see Ethereum fall back into the red.
A fall through the morning low $141.83 levels would bring the first major support level at $140.42 into play.
Barring a crypto sell-off, however, Ethereum should steer well clear of sub-$140 levels.
Major Support Level: $140.42
Major Resistance Level: $146.42
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP fell by 0.58% on Saturday. Partially reversing a 4.18% gain from Friday, Ripple’s XRP ended the day at $0.21137.
A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.21430 before sliding to an intraday low $0.20809.
Steering clear of the first major support level at $0.2043, Ripple’s XRP rallied to a late intraday high $0.21978.
Ripple’s XRP broke through the first major resistance level at $0.2165 before sliding back into the red.
At the time of writing, Ripple’s XRP was down by 1.11% to $0.20992. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.20947 before striking a high $0.21489.
Ripple’s XRP left the major support and resistance levels untested early on.
Ripple’s XRP will need to move back through to $0.2130 levels to support a run at the first major resistance level at $0.2181.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.21489.
Barring a broad-based crypto rebound, the first major resistance level and Saturday’s high $0.21978 would likely limit any upside.
Failure to move back through to $0.2130 levels could see Ripple’s XRP take a hit.
A fall through to sub-$0.21 levels would bring the first major support level at $0.2064 into play.
Barring a crypto meltdown, however, Ripple’s XRP should steer of sub-$0.20 levels. The second major support level at $0.2014 should limit any downside on the day.
Major Support Level: $0.2064
Major Resistance Level: $0.2181
23.6% FIB Retracement Level: $0.3638
38.2% FIB Retracement Level: $0.4800
62% FIB Retracement Level: $0.6678
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Thanks, Bob
With over 20 years of experience in the finance industry, Bob has been managing regional teams across Europe and Asia and focusing on analytics across both corporate and financial institutions. Currently he is covering developments relating to the financial markets, including currencies, commodities, alternative asset classes, and global equities.