FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
95,479,062Confirmed
2,039,601Deaths
68,167,161Recovered
Fetching Location Data…
Advertisement
Advertisement
Bob Mason
cryptocurrency Silver and gold Bitcoin,litecoin,ethereum on dollar banknote on golden table,Virtual Digital money on blockchain concept.financial business.crypto currency mining.

EOS

EOS rose by 1.60% on Tuesday. Partially reversing a 1.87% fall from Monday, EOS ended the day at $2.4373.

Bullish through the morning, EOS rose to an early afternoon intraday high $2.4655 before hitting reverse.

Advertisement
Know where Ripple is headed? Take advantage now with 

75% of retail CFD investors lose money

Falling short of the first major resistance level at $2.5053, EOS slid to a late intraday low $2.3948.

Steering clear of the first major support level at $2.2833, EOS recovered from negative territory to wrap up the day at $2.43 levels.

At the time of writing, EOS was up by 0.42% to $2.4476. A relatively bullish start to the day saw EOS rise from an early morning low $2.4344 to a high $2.4525.

EOS left the major support and resistance levels untested early on.

For the day ahead

EOS would need to move through to $2.45 levels to bring the first major resistance level at $2.4703 into play.

Support from the broader market would be needed, however, for EOS to break out from Tuesday’s high $2.4655.

Barring an extended crypto rebound, the first major resistance level, and Tuesday’s high would likely limit any upside.

Failure to move back through to $2.45 levels would see EOS slide into the red.

A fall through the morning low to sub-$2.4330 levels would bring the first major support level at $2.3996 into play.

Barring another extended crypto sell-off, however, EOS should steer clear of sub-$2.20 levels.

The second major support level at $2.3618 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $2.3996

Major Resistance Level: $2.4703

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Advertisement

Ethereum

Ethereum rose by 2.24% on Tuesday. Reversing a 0.92% loss from Monday, Ethereum ended the day at $190.10.

Tracking the broader market, Ethereum rose from an early morning intraday low $185.79 to a mid-afternoon intraday high $192.89.

Falling short of the first major resistance level at $194.32, Ethereum fell back to $186 levels before finding late support.

At the time of writing, Ethereum was up by 0.42% to $190.89. A relatively bullish start to the day saw Ethereum rise from an early morning low $189.49 to a high $191.47.

Ethereum left the major support and resistance levels untested early on.

For the day ahead

Ethereum would need to move through to $192 levels to bring the first major resistance level at $193.40 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $192.89.

Barring a broad-based crypto rally, the first major resistance level would likely limit any upside.

Failure to move back through to $192 levels could see Ethereum fall back into the red.

A fall back through to sub-$190 levels would bring the first major support level at $186.30 into play.

Barring another extended sell-off, however, Ethereum should avoid sub-$180 levels. The second major support level at $182.49 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $186.30

Major Resistance Level: $193.40

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 2.47% on Tuesday. Reversing a 2.37% decline from Monday, Ripple’s XRP ended the day at $0.19696.

A bullish morning saw Ripple’s XRP rally from an early intraday low $0.19121 to an early afternoon intraday high $0.19986.

Falling short of the first major resistance level at $0.2001, Ripple’s XRP fell back to sub-$0.1940 before finding support.

At the time of writing, Ripple’s XRP was up by 0.61% to $0.19817. A relatively bullish start to the day saw Ripple’s XRP rise from an early morning low $0.19631 to a high $0.19848.

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-$0.1960 levels to bring the first major resistance level at $0.2008 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Tuesday’s high $0.19986.

Barring an extended crypto rebound, the first major resistance level at $0.2008 would likely limit any upside.

Failure to avoid sub-$0.1960 levels could see Ripple’s XRP hit reverse.

A fall back through to sub-$0.1960 levels would bring the first major support level at $0.1922 into play.

Barring a crypto meltdown, however, Ripple’s XRP should steer clear of sub-$0.19 support levels.

Looking at the Technical Indicators

Major Support Level: $0.1922

Major Resistance Level: $0.2008

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

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker

  • Your capital is at risk
IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMER
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
FOLLOW US