FXEMPIRE
All
Ad
Advertisement
Advertisement
Bob Mason
Add to Bookmarks
Bitcoin, Ethereum, Litecoin Digital cryptocurrencys on a notebook

EOS

EOS fell by 1.96% on Wednesday. Reversing a 0.57% gain from Tuesday, EOS ended the day at $2.4064.

A mixed start to the day saw EOS rise to an early morning intraday high $2.5006 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 $5.0800, EOS slid to an early afternoon intraday low $2.3959.

EOS fell through the first major support level at $2.4152 before recovering to $2.47 levels. A bearish end to the day, however, saw EOS slid back to sub-$2.40 levels before ending the day at $2.40.

The reversal saw EOS slide back through the first major resistance level to end the day in the red.

At the time of writing, EOS was down by 0.29% to $2.3994. A mixed start to the day saw EOS fall to an early morning low $2.3371 before striking a high $2.4109.

Steering clear of the major resistance levels, EOS fell through the first major support level at $2.3680 early on.

For the day ahead

EOS would need to move back through to $2.45 levels to support another run at the first major resistance level at $2.4727.

Support from the broader market would be needed, however, for EOS to breakout from the morning high $2.4109.

Barring an extended crypto rally, the first major resistance level would likely limit any upside.

Failure to move through to $2.45 levels could see EOS slide deeper into the red.

A fall back through the first major support level at $2.3680 would bring $2.35 levels into play before any recovery.

Barring an extended crypto sell-off, however, EOS should continue to steer clear the second major support level at $2.3296.

Looking at the Technical Indicators

Major Support Level: $2.3680

Major Resistance Level: $2.4727

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Advertisement

Ethereum

Ethereum slid by 3.72% on Wednesday. Reversing a 1.21% gain from Tuesday, Ethereum ended the day at $152.77.

Tracking the broader market, Ethereum rose to an early morning intraday high $160.50 before hitting reverse.

Falling short of the first major resistance level at $162.58, Ethereum slid to a final hour intraday low $152.17.

Ethereum fell through the first major support level at $155.14 to end the day in the deep red.

At the time of writing, Ethereum was up by 0.29% to $153.21. A mixed start to the day saw Ethereum fall to an early morning low $148.08 before striking a high $153.76.

Steering clear of the major resistance levels, Ethereum fell through the first major support level at $149.46 early on.

For the day ahead

Ethereum would need to move through to $155.5 levels to support a run at the first major resistance level at $158.79.

Support from the broader market would be needed, however, for Ethereum to breakout from the morning high $153.76.

Barring an extended crypto rally, resistance at $155 would likely leave Ethereum short of the first major resistance level.

Failure to move back through to $155.5 levels could see Ethereum fall back into the red.

A fall through the first major support level at $149.46 would bring $148 levels into play before any recovery.

Barring a crypto meltdown, however, Ethereum should steer clear of the second major support level at $146.15.

Looking at the Technical Indicators

Major Support Level: $149.46

Major Resistance Level: $158.79

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP slid by 2.73% on Wednesday. Following on from a 0.89% decline on Tuesday, Ripple’s XRP ended the day at $0.18092.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $0.18980 before hitting reverse.

Coming up against the first major resistance level at $0.1893, Ripple’s XRP slid to a final hour intraday low $0.18024.

Ripple’s XRP fell through the first major support level at $0.1833 to find support at the second major support level at $0.1804.

At the time of writing, Ripple’s XRP was down by 1.50% to $0.17820. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.18089 to a low $0.17426.

Steering clear of the major resistance levels, Ripple’s XRP fell through the first major support level at $0.1775.

For the day ahead

Ripple’s XRP will need to move through to $0.1840 levels to support a run at the first major resistance level at $0.1871.

Support from the broader market would be needed, however, for Ripple’s XRP to breakout from the morning high $0.18089.

Barring an extended crypto rally, the first major resistance level would likely leave Ripple’s XRP short of $0.19 levels.

Failure to move through to $0.1840 levels could see Ripple’s XRP fall deeper into the red.

A fall back through the first major support level would bring the second major support level at $0.1741 back into play.

Barring an extended crypto sell-off, however, Ripple’s XRP should steer well clear of sub-$0.17 levels.

Looking at the Technical Indicators

Major Support Level: $0.1775

Major Resistance Level: $0.1871

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