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
Coins of crypto currency are presented on a dark background. Virtual money concept.

EOS

EOS rose by 1.55% on Wednesday Following on from a 2.32% gain from Tuesday, EOS ended the day at $2.6684

It was a bearish start to the day. EOS slid from an early morning high $2.6278 to a mid-morning intraday low $2.5857.

Steering clear of the major resistance levels, EOS fell through the first major support level at $2.5798 before finding support.

Finding support in the 2nd half of the day, EOS rallied to a late intraday high $ $2.6738 before easing back.

EOS broke through the first major resistance level at $2.6563 to wrap up the day at $2.66 levels.

At the time of writing, EOS was up by 0.08% to $2.6705. A mixed start to the day saw EOS rise to an early morning high $2.6706 before falling to a low $2.6654.

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

For the day ahead

EOS would need to avoid a fall through the $2.6426 pivot level to support a run at the first major resistance level at $2.6996.

Support from the broader market would be needed, however, for EOS to break out from Wednesday’s high $2.6738.

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

Failure to avoid a fall through the $2.6426 pivot would bring the first major support level at $2.6115 into play.

Barring an extended sell-off, EOS should steer clear of sub-$2.60 levels. The second major support level sits at $2.5545.

Looking at the Technical Indicators

First Major Support Level: $2.6115

Pivot Level: $2.6426

First Major Resistance Level: $2.6996

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Advertisement

Ethereum

Ethereum rallied by 7.53% on Wednesday. Following on from a 4.13% rally on Tuesday, Ethereum ended the day at $264.28.

Tracking the broader market, Ethereum fell to a mid-morning intraday low $241.62 before making a move.

Steering clear of the first major support level at $238.71, Ethereum rallied to a late intraday high $269.49.

Ethereum broke through the day’s major resistance levels. A late pullback saw Ethereum fall back through the third major resistance level at $265.76.

More importantly, Ethereum broke through the 23.6% FIB of $257.

At the time of writing, Ethereum was up by 0.06% to $264.43. A mixed start to the day saw Ethereum fall to an early morning low $263.57 before rising to a high $264.78.

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

For the day ahead

Ethereum would need to avoid a fall through the $258.46 pivot to support a run at the first major resistance level at $275.31.

Support from the broader market would be needed, however, for Ethereum to break out from Wednesday’s high $269.49.

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

Failure to avoid a fall through the $258.46 pivot would bring the 23.6% FIB of $257 into play.

Barring an extended sell-off, however, Ethereum should steer clear of the first major support level at $247.44. The second major support level sits at $230.59.

Looking at the Technical Indicators

First Major Support Level: $247.44

Pivot Level: $258.46

First Major Resistance Level: $275.31

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 2.06% on Wednesday. Following on from a 2.53% gain on Tuesday, Ripple’s XRP ended the day at $0.20408.

It was a bearish start to the day. Ripple’s XRP fell to a mid-morning intraday low $0.19649 before making a move.

Steering clear of the first major support level at $0.1956, Ripple’s XRP struck a late intraday high $0.20510.

Ripple’s XRP broke through the first major resistance level at $0.2028 to end the day at $0.2040 levels.

At the time of writing, Ripple’s XRP was up by 0.50% to $0.20510. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.20382 to a high $0.20510.

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 $0.2020 pivot to support a run at the first major resistance level at $0.2073.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Wednesday’s high $0.2051.

Barring a broad-based crypto rally, the first major resistance level should cap any upside.

In the event of a breakout, Ripple’s XRP should test the second major resistance level at $0.2105 before any pullback.

Failure to avoid a fall through the $0.2020 pivot would bring the first major support level at $0.1987 into play.

Barring an extended crypto sell-off, Ripple’s XRP should avoid the second major support level at $0.1933.

Looking at the Technical Indicators

First Major Support Level: $0.1987

Pivot Level: $0.2020

First Major Resistance Level: $0.2073

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