FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
96,158,113Confirmed
2,049,612Deaths
68,201,616Recovered
Fetching Location Data…
Advertisement
Advertisement
Bob Mason
Shiny Ripple crypto-currency background

EOS

EOS slipped by 0.04% on Saturday. Following on from a 0.19% loss from Friday, EOS ended the day at $2.5054.

Advertisement
Know where Ripple is headed? Take advantage now with 

75% of retail CFD investors lose money

It was a bearish start to the day. EOS fell to an early morning intraday low $2.4862 before finding support.

Steering clear of the first major support level at $2.4761, EOS struck a late morning intraday high $2.5213 before easing back.

Falling short of the first major resistance level at $2.5227, EOS fell back to end the day at sub-$2.51 levels.

At the time of writing, EOS was up by 0.19% to $2.5101. A bullish start to the day saw EOS rise from an early morning low $2.5075 to a high $2.5101.

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

For the day ahead

EOS would need to avoid a fall through the $2.5043 pivot level to support a run at the first major resistance level at $2.5224.

Support from the broader market would be needed, however, for EOS to break out from Saturday’s high $2.5213.

Barring an extended crypto rally, the first major resistance level and Saturday’s high $2.5213 would likely cap any upside.

Failure to avoid a fall through the $2.5043 pivot would bring the first major support level at $2.4873 into play.

Barring an extended sell-off, EOS should steer clear of sub-$2.45 levels. The second major support level at $2.4692 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $2.4873

Pivot Level: $2.5043

First Major Resistance Level: $2.5224

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Advertisement

Ethereum

Ethereum rose by 1.33% on Saturday. Reversing a 0.33% decline from Friday, Ethereum ended the day at $235.79.

It was another mixed start to the day. Ethereum fell to an early morning intraday low $232.34 before making a move.

Steering clear of the first major support level at $230.86, Ethereum rallied to a late intraday high $236.97.

Ethereum broke through the first major resistance level at $234.54 and the second major resistance level at $236.39.

A pullback late in the day saw Ethereum fall back through the second major resistance level to sub-$236 levels.

At the time of writing, Ethereum was up by 0.17% to $236.18. A mixed start to the day saw Ethereum fall to an early morning low $235.66 before rising to a high $236.18.

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

For the day ahead

Ethereum would need to avoid a fall through the $235 pivot to support a run at the first major resistance level at $237.76.

Support from the broader market would be needed, however, for Ethereum to break out from Saturday’s high $236.97.

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

Failure to avoid a fall through the $235 pivot would bring the first major support level at $233.03 into play.

Barring another extended sell-off, Ethereum should continue to steer clear of sub-$230 levels. The second major support level at $230.27 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $233.03

Pivot Level: $235.00

First Major Resistance Level: $237.76

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP rallied by 2.94% on Saturday. Following a 0.03% loss on Friday, Ripple’s XRP ended the day at $0.20019.

It was a relatively bearish start to the day. Ripple’s XRP fell to an early morning intraday low $0.19413 before making a move.

Steering clear of the first major support level at $0.1913, Ripple’s XRP struck a late afternoon intraday high $0.20232.

Ripple’s XRP broke through the first major resistance level at $0.1982 and the second major resistance level at $0.2018.

A late pullback saw Ripple’s XRP fall back to $0.19960 levels before wrapping up the day at $0.20 levels.

At the time of writing, Ripple’s XRP was up by 0.63% to $0.20145. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.19988 before striking a high $0.20150.

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

For the day ahead

Ripple’s XRP will need to avoid a fall through the $0.1989 pivot to support a run at the first major resistance level at $0.2036.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Saturday’s high $0.20232.

Barring a broad-based crypto rally, the first major resistance level and Saturday’s high should cap any upside.

In the event of a breakout, Ripple’s XRP should test the second major resistance level at $0.2070 before any pullback. Resistance at $0.21 would likely cap any upside, however.

Failure to avoid a fall through the $0.1989 pivot would bring the first major support level at $0.1954 into play.

Barring an extended crypto sell-off, Ripple’s XRP should avoid sub-$0.19 levels. The second major support level at $0.1907 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $0.1954

Pivot Level: $0.1989

First Major Resistance Level: $0.2036

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