EOS
EOS rose by 0.63% on Friday. Following on from a 2.04% gain on Thursday, EOS ended the day at $2.7094.
A bullish start to the day saw EOS rally to a late morning intraday high $2.7452 before hitting reverse.
Falling short of the first major resistance level at $2.7760, EOS slid to an early afternoon intraday low $2.6694.
Steering clear of the first major support level at $2.5856, EOS reversed the losses to wrap up the day at $2.70 levels.
At the time of writing, EOS was down by 0.05% to $2.7080. A mixed start to the day saw EOS fall to an early morning low $2.6867 before striking a high $2.7080.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid sub-$2.70 levels to support a run at the first major resistance level at $2.7466.
Support from the broader market would be needed, however, for EOS to break out from Friday’s high $2.7452.
Barring another extended crypto rally, the first major resistance level would likely limit any upside.
Failure to avoid sub-$2.70 levels could see EOS struggle later in the day.
A fall through to sub-$2.70 levels would bring the first major support level at $2.6708 into play before any recovery.
Barring a crypto sell-off, however, EOS should steer well clear of sub-$2.60 levels. The second major support level at $2.6322 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $2.6708
Major Resistance Level: $2.7466
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 2.59% on Friday. Following on from a 1.40% gain on Thursday, Ethereum ended the day at $187.84.
Tracking the broader market, Ethereum rose to a mid-morning intraday high $189.91 before hitting reverse.
Falling short of the first major resistance level at $194.20, Ethereum slid to an early afternoon intraday low $184.97.
Steering clear of the first major support level at $177.78, Ethereum found late support to wrap up the day at $187 levels.
At the time of writing, Ethereum was up by 0.15% to $188.13. A bearish start to the day saw Ethereum fall to an early morning low $185.97 before striking a high $188.45.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid sub-$187.50 levels to support a run at the first major resistance level at $190.18.
Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $189.91.
Barring an extended crypto rally the first major resistance level and Friday’s high would likely limit any upside.
Failure to avoid sub-$187.50 levels could see Ethereum hit reverse.
A fall through to sub-$187 levels would bring the first major support level at $185.24 into play before any recovery.
Barring a crypto meltdown, however, Ethereum should steer clear of the second major support level at $182.63.
Looking at the Technical Indicators
Major Support Level: $185.24
Major Resistance Level: $190.18
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 0.50% on Friday. Following on from a 2.33% increase on Thursday, Ripple’s XRP ended the day at $0.19367.
A bullish start to the day saw Ripple’s XRP rise to a mid-morning intraday high $0.19733 before hitting reverse.
Falling short of the first major resistance level at $0.2000, Ripple’s XRP slid to an early afternoon intraday low $0.1922.
Steering clear of the first major support level at $0.1861, Ripple’s XRP bounced back to $0.1950 levels before falling back into the red.
A final hour rebound delivered the upside on the day.
At the time of writing, Ripple’s XRP was up by 0.15% to $0.19397. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.19165 before striking a high $0.19420.
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-$0.1945 levels to support another run at the first major resistance level at $0.1966.
Support from the broader market would be needed, however, for Ripple’s XRP to breakout from the morning high $0.19420.
Barring an extended crypto rally, the first major resistance level at $0.1966 would likely limit any upside.
Failure to avoid sub-$0.1945 levels could see Ripple’s XRP hit reverse.
A fall through to sub-$0.1920 levels would bring the first major support level at $0.1915 into play.
Barring a crypto meltdown, however, Ripple’s XRP should steer clear of sub-$0.19 levels.
Looking at the Technical Indicators
Major Support Level: $0.1915
Major Resistance Level: $0.1966
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
