FXEMPIRE
All
Ad
Advertisement
Advertisement
Bob Mason
Add to Bookmarks
E-coins on tablet computer with charts on screen

Ethereum

Ethereum rose by 4.63% on Wednesday. Reversing a 0.20% loss from Tuesday, Ethereum ended the day at $1,968.37.

Advertisement
Know where Ethereum is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

A mixed start to the day saw Ethereum fall to an early morning intraday low $1,823.97 before making a move.

Steering clear of the first major support level at $1,722, Ethereum rallied to a mid-morning intraday high $2,045.00.

Ethereum broke through the first major resistance level at $2,019 before falling back to sub-$2,000 levels.

At the time of writing, Ethereum was up by 0.11% to $1,970.50. A mixed start to the day saw Ethereum fall to an early morning low $1,955.46 before rising to a high $1,978.72.

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

For the day ahead

Ethereum would need to avoid the $1,946 pivot to bring the first major resistance level at $2,068 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Wednesday’s high $2,045.00.

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

In the event of a broad-based crypto rebound, Ethereum could test resistance at $2,200. The second major resistance level sits at $2,167.

A fall through the $1,946 pivot would bring the first major support level at $1,847 into play.

Barring another extended sell-off, however, Ethereum should steer clear of the 62% FIB of $1,725 and the second major support level at $1,725.

Looking at the Technical Indicators

First Major Support Level: $1,847

Pivot Level: $1,946

First Major Resistance Level: $2,068

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Advertisement

Litecoin

Litecoin rallied by 7.86% on Wednesday. Reversing a 3.67% fall from Tuesday, Litecoin ended the day at $129.20.

Tracking the broader market, Litecoin fell to an early morning intraday low $115.55 before making a move.

Steering clear of the first major support level at $106, Litecoin rallied to an early afternoon intraday high $133.76.

Coming up against the first major resistance level at $134 Litecoin eased back to end the day at $129 levels.

At the time of writing, Litecoin was up by 0.19% to $129.45. A mixed start to the day saw Litecoin rise to an early high $130.07 before falling to a low $128.47.

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

For the day ahead

Litecoin would need to avoid a fall through the $126 pivot to bring the first major resistance level at $137 into play.

Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $133.76.

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

In the event of an extended breakout, Litecoin could test resistance at $150. The second major resistance level sits at $144.

A fall through the $126 pivot would bring the first major support level at $119 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$110 levels. The second major support level sits at $108.

A sustained fall through the 62% FIB of $174 led to a near-term bearish trend formation from 10th May’s swing hi $413.91.

Looking at the Technical Indicators

First Major Support Level: $119

Pivot Level: $126

First Major Resistance Level: $137

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP jumped by 16.72% on Wednesday. Reversing a 10.79% slide from Tuesday, Ripple’s XRP ended the day at $0.6060.

A mixed start to the day saw Ripple’s XRP slide to an early morning intraday low $0.51500 before making a move.

Steering clear of the first major support level at $0.4875, Ripple’s XRP rallied to an early afternoon intraday high $0.66522.

Ripple’s XRP broke through the first major resistance level at $0.6274 before a fall back to $0.60092.

Avoiding sub-$0.60 levels, Ripple’s XRP broke back through the first major resistance level to end the day at $0.637 levels.

At the time of writing, Ripple’s XRP was up by 2.84% to $0.65585. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.64032 to a high $0.65705.

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

For the day ahead

Ripple’s XRP will need to avoid the $0.6060 pivot to bring the first major resistance level at $0.6970 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Wednesday’s high $0.66522.

Barring an extended crypto rally, the first major resistance level and resistance at $0.70 would likely cap any upside.

In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $0.80. The second major resistance level sits at $0.7562.

A fall through the $0.6060 pivot would bring the first major support level at $0.5467 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.50 levels. The second major support level sits at $0.4558.

A sustained fall through the 62% FIB of $0.8573 led to the formation of a near-term bearish trend from 14th April’s swing hi $1.96598.

Looking at the Technical Indicators

First Major Support Level: $0.5467

Pivot Level: $0.6060

First Major resistance Level: $0.6970

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659

62% FIB Retracement Level: $1.4096

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