EOS
EOS rose by 0.83% on Tuesday. Partially reversing a 1.39% fall from Monday. EOS ended the day at $2.5561.
It was a mixed start to the day. EOS fell to an early morning intraday low $2.5219 before making a move.
Steering clear of the first major support level at $2.4469, EOS rose to an early morning intraday $2.5652 before easing back.
Falling short of the first major resistance level at $2.5964, EOS fell back to sub-$2.54 levels before a return to $2.56 levels.
An early afternoon pullback to sub-$2.53 levels and into the red was brief, with EOS moving back through $2.55 levels late on.
At the time of writing, EOS was up by 0.04% to $2.5570. It was a relatively bullish start to the day. EOS rose from an early morning low $2.5564 to a high $2.5589 before easing back.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $2.5480 pivot level to take bring the first major resistance level at $2.5736 into play.
Support from the broader market would be needed, however, for EOS to break out from Tuesday’s high $2.5652.
Barring an extended crypto rally, the first major resistance level at $2.5736 would likely limit any upside.
Failure to avoid a fall through the $2.5480 pivot could see EOS struggle on the day.
A fall back through the pivot would bring the first major support level at $2.5303 into play.
Barring another crypto sell-off, however, EOS should steer clear of sub-$2.50 levels. The second major support level at $2.5044 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $2.5303
Major Resistance Level: $2.5736
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 1.90% on Tuesday. Reversing a 0.16% fall from Monday, Ethereum ended the day at $235.34.
A mixed start to the day saw Ethereum fall to an early morning intraday low $228.78 before making a move.
Steering clear of the first major support level at $221.18, Ethereum rallied to an early afternoon intraday high $236.02.
Falling short of the first major resistance level at $237.39, Ethereum fell back to $231 levels before wrapping up the day at $235 levels.
At the time of writing, Ethereum was down by 0.13% to $235.03. A mixed start to the day saw Ethereum rise to an early morning high $235.77 before falling to a low $234.81.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $233.40 pivot to support a run at the first major resistance level at $237.98
Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $236.02.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high should cap any upside.
Failure to avoid a fall through the $233.40 pivot could see Ethereum take another hit on the day.
A fall through to sub-$233 levels would bring the first major support level at $230.74 into play.
Barring an extended crypto sell-off, however, Ethereum should steer clear of the second major support level at $226.14.
Looking at the Technical Indicators
Major Support Level: $230.74
Major Resistance Level: $237.87
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP slipped by 0.08% on Tuesday. Following a trend-bucking 1.11% gain on Monday, Ripple’s XRP ended the day at $0.19247.
A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.19103 before finding support.
Steering clear of the first major support level at $0.1853, Ripple’s XRP rallied to an early morning intraday high $0.19409.
Falling short of the first major resistance level at $0.1966, Ripple’s XRP fell back to an afternoon intraday low $0.19007. Once more, Ripple’s XRP steered clear of the major support level at $0.1853.
Finding support from the broader market, however, Ripple’s XRP recovered to $0.1920 levels to end the day relatively flat.
At the time of writing, Ripple’s XRP was down by 0.02% to $0.19243. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.19264 before falling to a low $0.19222.
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 $0.1922 pivot to support a run at the first major resistance level at $0.1944.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Tuesday’s high $0.19409.
Barring a broad-based crypto rally, the first major resistance level and Tuesday’s high would likely cap any upside.
Failure to avoid a fall through the $0.1922 pivot could see Ripple’s XRP return to the red.
A fall back through to sub-$0.1920 levels would bring the first major support level at $0.1903 into play.
Barring another crypto sell-off, Ripple’s XRP should avoid the second major support level at $0.1882.
In the event of a sell-off, the third major support level at $0.1842 would likely come into play.
Looking at the Technical Indicators
Major Support Level: $0.1903
Major Resistance Level: $0.1944
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
