EOS
EOS slid by 5.59% on Friday. Reversing a 2.74% gain from Thursday, EOS ended the day at $3.2508.
It was a mixed start to the day. EOS dipped to an early morning low $3.3806 before finding support.
Steering clear of the first major support level at $3.3725, EOS rallied to a mid-morning intraday high $3.6292.
EOS broke through the first major resistance level at $3.4882 and the second major resistance level at $3.5323.
The upside was short-lived, however, with EOS sliding to a late intraday low $3.2195.
EOS fell through the first major support level at $3.3725 and the second major support level at $3.3009.
At the time of writing, EOS was down by 0.33% to $3.2399. A mixed start to the day saw EOS rise to an early morning high $3.2603 before falling to a low $3.2254.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $3.3665 pivot level to support a run at the first major resistance level at $3.5135.
Support from the broader market would be needed, however, for EOS to break back through to $3.50 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to move through the pivot level at $3.3665 would bring the first major support level at $3.1038 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$3.00 levels. The second major support level sits at $2.9568.
Looking at the Technical Indicators
First Major Support Level: $3.1038
Pivot Level: $3.3665
First Major resistance Level: $3.5135
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum slid by 6.70% on Friday. Reversing a 2.04% gain from Thursday, Ethereum ended the day at $388.05.
It was also a mixed start to the day. Ethereum rose to an early morning high $418.92 before hitting reverse.
Falling short of the first major resistance level at $422.90, Ethereum slid to a late intraday low $385.00.
Ethereum fell through the first major support level at $405.62 and the second major support level at $395.32.
At the time of writing, Ethereum was down by 0.88% to $384.65. A mixed start to the day saw Ethereum rise to an early morning high $388.27 before falling to a low $382.02.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $397.32 pivot to support a run at the first major resistance level at $409.65.
Support from the broader market would be needed, however, for Ethereum to break back through to $400 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to move through the $397.32 pivot would bring the first major support level at $375.73 into play.
Barring another extended sell-off, however, Ethereum should steer clear of the 38.2% FIB of $367 and the second major support level at $363.40.
Looking at the Technical Indicators
First Major Support Level: $375.73
Pivot Level: $397.32
First Major Resistance Level: $409.65
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP fell by 4.53% on Friday. Reversing a 0.84% gain from Thursday, Ripple’s XRP ended the day at $0.27921.
It was a relatively bullish start to the day. Ripple’s XRP rose to an early morning high $0.29577 before hitting reverse.
Falling short of the first major resistance level at $0.2967, Ripple’s XRP slid to a late intraday low $0.27752.
Ripple’s XRP fell through the first major support level at $0.2865 and the second major support level at $0.2806.
Finding late support, Ripple’s XRP briefly revisited $0.2820 levels before sliding back through the second major support level.
At the time of writing, Ripple’s XRP was down by 1.04% to $0.27630. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.27949 before falling to a low $0.27569.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to move through the $0.2842 pivot to support a run at the first major resistance level at $0.2908.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.29 levels.
Barring an extended crypto rally, the first major resistance level should cap any upside.
Failure to move through the $0.2842 pivot would bring the first major support level at $0.2726 into play.
Barring another extended crypto sell-off, Ripple’s XRP should steer clear of the second major support level sits at $0.2659.
Looking at the Technical Indicators
First Major Support Level: $0.2726
Pivot Level: $0.2842
First Major Resistance Level: $0.2908
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
