FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
40,599,955Confirmed
1,122,093Deaths
30,327,296Recovered
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 4.20% on Sunday. Following on from a 0.27% gain on Saturday, EOS ended the week down by 1.92% to $3.2598.

It was a bullish start to the day. EOS rose to an early morning high $3.2155 before hitting reverse.

EOS broke through the first major resistance level at $3.1930 before falling back to $3.15 levels.

Finding support going into the afternoon, EOS rallied to a late intraday high $3.2769.

EOS broke through the first major resistance level at $3.1930 and the second major resistance level at $3.2589.

At the time of writing, EOS was up by 0.33% to $3.2706. A mixed start to the day saw EOS fall to an early morning low $3.2522 before rising to a high $3.2741.

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

EOS/USD 31/08/20 Hourly Chart

For the day ahead

EOS would need to avoid a fall through the $3.2205 pivot level to support a run at the first major resistance level at $3.3162.

Support from the broader market would be needed, however, for EOS to break out from Sunday’s high $3.2769.

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

Failure to avoid a fall through the pivot level at $3.2205 would bring the first major support level at $3.1641 into play.

Barring an extended sell-off, however, EOS should avoid a return to sub-$3.10 levels. The second major support level at $3.0684 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $3.1641

Pivot Level: $3.2205

First Major resistance Level: $3.3162

23.6% FIB Retracement Level: $6.52

38% FIB Retracement Level: $9.68

62% FIB Retracement Level: $14.77

Advertisement

Ethereum

Ethereum rose by 7.62% on Sunday. Following on from a 0.82% gain from Saturday, Ethereum ended the week up by 9.73% to $428.94.

It was also a bullish day. Ethereum rallied from an early morning intraday low $398.24 to a late intraday high $429.9.

Steering clear of the first major support level at $392.01, Ethereum broke through the day’s major resistance levels.

A late pullback saw Ethereum fall back through the third major resistance level at $425.87 before wrapping up the day at $428 levels.

At the time of writing, Ethereum was up by 0.22% to $429.88. A mixed start to the day saw Ethereum fall to an early morning low $428.15 before rising to a high $430.55.

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

ETH/USD 31/08/20 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the $419 pivot to support a run at the first major resistance level at $439.81.

Support from the broader market would be needed, however, for Ethereum to break out from this morning’s high $430.55.

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

Failure to avoid a fall through the $419 pivot would bring the first major support level at $408.15 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$400 and the second major support level at $387.37.

Looking at the Technical Indicators

First Major Support Level: $408.15

Pivot Level: $419

First Major Resistance Level: $439.81

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 3.28% on Sunday. Following on from 0.80% gain on Saturday, Ripple’s XRP ended the week down by 0.62% to $0.2830.

It was a bullish day. Ripple’s XRP rallied from an early morning intraday low $0.2740 to a late intraday high $0.2838.

Ripple’s XRP broke through the first major resistance level at $0.2779 and the second major resistance level at $0.2818.

A late pullback saw Ripple’s XRP test support at $0.28 before breaking back through the second major resistance level at $0.2818.

At the time of writing, Ripple’s XRP was up by 0.53% to $0.2845. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.2830 to a high $0.28455.

Ripple’s XRP left the major support and resistance levels untested early on.

XRP/USD 31/08/20 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the $0.2803 pivot to support a run at the first major resistance level at $0.2865.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.28455.

Barring an extended crypto rally, the first major resistance level should cap any upside.

Failure to avoid a fall through the $0.2803 pivot would bring the first major support level at $0.2767 into play.

Barring an extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.27 levels. The second major support level at $0.2705 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $0.2767

Pivot Level: $0.2803

First Major Resistance Level: $0.2865

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

  • Your capital is at risk
IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMER
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
FOLLOW US