FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
20,820,389Confirmed
747,476Deaths
13,719,719Recovered
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 3.74% on Tuesday. Partially reversing a 7.21% slide from Monday, EOS ended the day at $1.9782.

A bullish start to the day saw EOS rise from an early morning intraday low $1.8808 to a high $2.0367 before easing back.

Steering clear of the major support and resistance levels, EOS fell back to sub-$2.00 levels before striking a late intraday high $2.0442.

Falling short of the first major resistance level at $2.0672, EOS eased back to wrap up the day at sub-$2.00 levels.

At the time of writing, EOS was up by 1.22% to $2.0023. A mixed start to the day saw EOS fall to an early morning low $1.9671 before striking a high $2.0062.

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

For the day ahead

EOS would need to avoid sub-$2.00 levels to take a run at the first major resistance level at $2.0547.

Support from the broader market would be needed, however, for EOS to break out from the Tuesday’s high $2.0442.

Barring an extended crypto rally, the first major resistance level at $2.0547 would likely cap any upside.

Failure to avoid sub-$2.00 levels could see EOS fall back into the red.

A fall back through to sub-$1.9677 levels would bring the first major support level at $1.8913 into play.

Barring another crypto meltdown, however, EOS should steer well clear of the second major support level at $1.8043.

Looking at the Technical Indicators

Major Support Level: $1.8913

Major Resistance Level: $2.0547

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Advertisement

Ethereum

Ethereum rallied by 4.25% on Tuesday. Partially reversing a 9.69% slide from Monday, Ethereum ended the day at $116.09.

A bullish start to the day saw Ethereum rise from an early morning intraday low $109.66 to a high $121.49.

Steering clear of the major support and resistance levels, Ethereum fell back to an afternoon low $112.76.

Finding support from the broader market Ethereum recovered to $120 levels before a final hour pullback to $116 levels.

At the time of writing, Ethereum was up by 1.40% to $117.71. A mixed start to the day saw Ethereum fall to an early morning low $115.42 before striking a high $118.48.

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

For the day ahead

Ethereum would need to move through to $120 levels to support a run at the first major resistance level at $121.83.

Support from the broader market would be needed, however, for Ethereum to breakout from the morning high $118.48.

Barring an extended crypto rally, resistance at $120 would likely leave Ethereum short of the first major resistance level.

Failure to move through to $120 levels could see Ethereum hit reverse later in the day.

A fall back through to sub-$115.80 levels would bring the first major support level at $110.00 into play.

Barring a crypto sell-off, however, Ethereum should steer clear of the second major support level at $103.92.

Looking at the Technical Indicators

Major Support Level: $110.00

Major Resistance Level: $121.83

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 4.04% on Tuesday. Partially reversing a 7.56% slide from Monday, Ripple’s XRP ended the day at $0.14773.

A bullish start to the day saw Ripple’s XRP rise from an early morning intraday low $0.10479 to a mid-morning intraday high $0.15306.

Falling short of the first major resistance level at $0.1543, Ripple’s XRP fell back to an early afternoon low $0.14399.

Continuing to avoid the first major support level at $0.1291, Ripple’s XRP recovered to $0.15 levels before a late pullback.

At the time of writing, Ripple’s XRP was up by 0.86% to $0.1490. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.14646 before striking a high $0.14936.

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 to $0.15 levels to support a run at the first major resistance level at $0.1536.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.14936.

Barring an extended crypto rally, the first major resistance level at S0.1536 would likely limit any upside.

Failure to move back through to $0.15 levels could see Ripple’s XRP fall back into the red.

A fall back through to sub-$0.1470 levels would bring the first major support level at $0.1413 into play.

Barring an extended crypto sell-off, however, Ripple’s XRP should steer clear of sub-$0.14 levels on the day.

Looking at the Technical Indicators

Major Support Level: $0.1413

Major Resistance Level: $0.1536

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

Latest Articles

See All

Expand Your Knowledge

See All

Trade With A Regulated Broker

  • Your capital is at risk