It's a bullish start to the day, with resistance levels likely to be tested later in the day.
EOS slid by 2.32% on Saturday. Reversing a 1.52% gain from Friday, EOS ended the day at $3.7979.
A choppy start to the day saw EOS rise to an early morning intraday high $3.9976 before hitting reverse.
Falling short of the first major resistance level at $4.0611, EOS fell to a mid-morning intraday low $3.7000.
The reversal saw EOS fall through the first major support level at $3.7322 before bouncing back to an afternoon high $3.9667.
A 2nd pullback, however, saw EOS slide back to sub-$3.80 levels to close out the day in the red.
At the time of writing, EOS was down by 0.06% to $3.7955. A mixed start to the day saw EOS fall to an early morning low $3.7626 before striking a high $3.8247.
EOS left the major support and resistance levels untested early on.
EOS would need to move back through to $3.83 levels to support a run at the first major resistance level at $3.9637.
Support from the broader market would be needed for EOS to break back through the morning high $3.8247
Barring a broad-based crypto rally, however, Saturday’s high $3.9976 and first major resistance level would likely cap any upside.
Failure to move back through to $3.83 levels could see EOS fall deeper into the red.
A fall back through the morning low $3.7626 would bring the first major support level at $3.6661 into play before any recovery.
Barring an extended sell-off, however, EOS should steer clear of the second major support level at $3.5342.
Major Support Level: $3.6661
Major Resistance Level: $3.9637
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum rose by 2.67% on Saturday. Following on from a 3.41% rally on Friday, Ethereum ended the day at $174.06.
A bearish start to the day saw Ethereum fall to a mid-morning intraday low $164.92 before finding support.
Steering clear of the first major support level at $162.89, Ethereum rallied to an early afternoon intraday high $179.32.
Ethereum broke through the first major resistance level at $175.40 before easing back.
At the time of writing, Ethereum was up by 1.25% to $176.23. A mixed start to the day saw Ethereum fall to an early morning low $173.18 before striking a high $176.37.
Ethereum left the major support and resistance levels untested early on.
Ethereum would need to move back through Saturday’s high $179.32 to support a run at the first major resistance level at $180.61.
Support from the broader market would be needed, however, for Ethereum to break out from $178 levels.
Barring a broad-based crypto rally the first major resistance level and Saturday’s high $179.32 would likely cap any upside.
Failure to move back through to $179 levels could see Ethereum slide into the red.
A fall back through the morning low to sub-$173 levels would bring the first major support level at $166.21 into play.
Barring an extended crypto sell-off, however, Ethereum should steer of sub-$160 levels for a 3rd consecutive day.
Major Support Level: $166.21
Major Resistance Level: $180.61
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP rose by 2.02% on Saturday. Following on from a 3.98% rally on Friday, Ripple’s XRP ended the day at $0.24280.
A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.24200 before sliding to a mid-morning intraday low $0.23107.
Steering clear of the first major support level at $0.2283, Ripple’s XRP rallied to an early afternoon intraday high $0.25457.
Ripple’s XRP broke through the first major resistance level at $0.2457 and the second major resistance level at $0.2534.
A mixed afternoon pullback saw Ripple’s XRP fall back through the major resistance levels to sub-$0.24 levels before finding late support.
While moving back through to $0.24 levels, the first major resistance level at $0.2457 capped the upside on the day.
At the time of writing, Ripple’s XRP was up by 1.66% to $0.24684. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.24074 before striking a high $0.24770.
Ripple’s XRP left the major support and resistance levels untested early on.
Ripple’s XRP will need to move back through the morning high $0.2477 to support a run at the first major resistance level at $0.2546.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.25 levels.
Barring a broad-based crypto rally, the first major resistance level and Saturday’s high $0.25457 would likely cap any upside.
Failure to move back through the morning high $0.24770 could see Ripple’s XRP slide into the red.
A fall back through to sub-$0.2430 levels would bring the first major support level at $0.2311 into play.
Barring a crypto meltdown, however, Ripple’s XRP should steer of sub-$0.23 levels and well clear of the second major support level at $0.2193.
Major Support Level: $0.2311
Major Resistance Level: $0.2546
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
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.