FXEMPIRE
All
Ad
Advertisement
Advertisement
Bob Mason
Add to Bookmarks
Ripple, Dash coin, Bitcoin, Monero and Ethereum

Ethereum

Ethereum fell by 5.65% on Tuesday. Partially reversing a 16.32% breakout from Monday, Ethereum ended the day at $3,240.01.

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.

It was a particularly bearish start to the day. Ethereum fell from an early morning high $3,454.80 to an early morning intraday low $3,166.12.

Steering clear of the first major support level at $3,105, Ethereum rallied to an early afternoon intraday high and a new swing hi $3,507.98.

Falling short of the first major resistance level at $3,611, Ethereum slid back to sub-$3,200 levels for a 2nd time.

Finding late support, however, Ethereum revisited $3,400 levels before falling back into the deep red.

At the time of writing, Ethereum was up by 3.86% to $3,365.13. A mixed start to the day saw Ethereum fall to an early morning low $3,207.00 before rising to a high $3,382.65.

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

For the day ahead

Ethereum would need to avoid a fall back through the $3,314 pivot to bring the first major resistance level at $3,461 into play.

Support from the broader market would be needed, however, for Ethereum to break through to $3,400 levels.

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

In the event of another breakout, Ethereum could test resistance at $4,000. The second major resistance level sits at $3,682.

Failure to avoid a fall back through the $3,314 pivot would bring the first major support level at $3,093 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,000 levels. The second major support level sits at $2,945.

Looking at the Technical Indicators

First Major Support Level: $3,093

Pivot Level: $3,314

First Major Resistance Level: $3,461

23.6% FIB Retracement Level: $2,719

38.2% FIB Retracement Level: $2,215

62% FIB Retracement Level: $1,400

Advertisement

Litecoin

Litecoin rose by 3.59% on Tuesday. Following on from a 9.59% gain on Monday, Litecoin ended the day at $305.50.

A bearish start to the day saw Litecoin fall to an early morning intraday low $271.70 before making a move.

Litecoin fell through the first major support level at $276 before rallying to an early afternoon intraday high $327.91.

Litecoin broke through the first major resistance level at $307 and the second major resistance level at $319.

Falling short of $330 levels, Litecoin slid back to sub-$300 levels before revisiting $316 levels.

Litecoin broke back through the first major resistance level at $307 before easing back.

At the time of writing, Litecoin was up by 10.42% to $337.34. A mixed start to the day saw Litecoin fall to an early morning low $300.98 before rallying to a high $342.00.

Litecoin broke through the first major resistance level at $329 early on.

For the day ahead

Litecoin would need to avoid a fall back through the first major resistance level at $329 to support a run at the second major resistance level at $353.

Support from the broader market would be needed, however, for Litecoin to break out from this morning’s high $342.00.

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

In the event of an extended breakout, Litecoin could test resistance at $360. The third major resistance level sits at $405.

Failure to avoid a fall through the first major resistance level at $329 would bring the pivot and sub-$300 levels into play.

Barring an extended sell-off, however, Litecoin should steer clear of sub-$290 and the first major support level at $277

Looking at the Technical Indicators

First Major Support Level: $277

Pivot Level: $300

First Major Resistance Level: $329

23.6% FIB Retracement Level: $250

38.2% FIB Retracement Level: $207

62% FIB Retracement Level: $138

Ripple’s XRP

Ripple’s XRP slid by 10.85% on Tuesday. Following a 0.59% decline on Monday, Ripple’s XRP ended the day at $1.38884.

A bearish start to the day saw Ripple’s XRP slide from an early morning intraday high $1.55784 to a late afternoon intraday low $1.32500.

Ripple’s XRP fell through the 23.6% FIB of $1.5426, the first major support level at $1.4970, and the second major support level at $1.4415.

Finding support at the third major support level at $1.3234, Ripple’s XRP revisited $1.47 levels before sliding back into the deep red.

Ripple’s XRP fell back through the second major support level at $1.4415 to end the day at sub-$1.40 levels.

At the time of writing, Ripple’s XRP was up by 4.84% to $1.45609. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.36874 before rising to a high $1.47568.

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 back through the $1.4239 pivot to bring the first major resistance level at $1.5228 and the 23.6% FIB of $1.5426 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $1.50 levels.

Barring an extended crypto rally, the first major resistance level and 23.6% FIB would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test resistance at $1.70. The second major resistance level sits at $1.6567.

Failure to avoid a fall back through the $1.4239 pivot would bring the first major support level at $1.2899 and 38.2% FIB of $1.2807 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.20 levels. The second major support level sits at $1.1911.

Looking at the Technical Indicators

First Major Support Level: $1.2899

Pivot Level: $1.4239

First Major resistance Level: $1.5228

23.6% FIB Retracement Level: $1.5426

38.2% FIB Retracement Level: $1.2807

62% FIB Retracement Level: $0.8573

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