EOS
EOS rallied by 4.44% on Saturday. Reversing a 1.50% decline from Friday, EOS ended the day at $2.7377.
A mixed start to the day saw EOS fall from an early morning high $2.6762 to a late morning intraday low $2.6164.
Steering clear of the first major support level at $2.5796, EOS rallied to a late intraday high $2.7704.
EOS broke through the first major resistance level at $2.6725 and second major resistance level at $2.7219.
In spite of a final hour pullback, EOS avoided a fall back through the second major resistance level.
At the time of writing, EOS was down by 1.40% to $2.6994. A bearish start to the day saw EOS fall from an early morning high $2.7411 to a low $2.6477.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move back through to $2.70 levels to support a run at the first major resistance level at $2.7999.
Support from the broader market would be needed, however, for EOS to break out from Saturday’s high $2.7704.
Barring an extended crypto rally, the first major resistance level at $2.7999 and Saturday’s high should limit any upside.
Failure to move back through to $2.70 levels could see EOS fall deeper into the red.
A fall back through to the morning low $2.6477 would bring the first major support level at $2.6459 into play before any recovery.
Barring an extended crypto sell-off, however, EOS should steer clear of sub-$2.60 levels on the day.
Looking at the Technical Indicators
Major Support Level: $2.6459
Major Resistance Level: $2.7999
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rallied by 9.97% on Saturday. Reversing a 0.98% decline from Friday, Ethereum ended the day at $187.88.
Tracking the broader market, Ethereum rallied from an early morning intraday low $170.69 to a late intraday high $191.22.
Steering clear of the major support levels, Ethereum broke through the day’s major resistance levels.
In spite of a final hour pullback, Ethereum avoided a fall through the third major resistance level at $184.70.
At the time of writing, Ethereum was down by 0.63% to $186.70. A bearish start to the day saw Ethereum fall from an early morning high $189.92 to a low $185.00.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move back through to $190 levels to support a run at the first major resistance level at $195.84.
Support from the broader market would be needed, however, for Ethereum to break out from Saturday’s high $191.22.
Barring an extended crypto rally, resistance at $190 would likely leave Ethereum short of the first major resistance level.
Failure to move back through to $190 levels could see Ethereum fall deeper into the red.
A fall through to sub-$183 levels would bring the first major support level at $175.31 into play before any recovery.
Barring a crypto meltdown, however, Ethereum should steer clear of sub-$170 levels on the day.
Looking at the Technical Indicators
Major Support Level: $175.31
Major Resistance Level: $195.84
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 3.42% on Saturday. Reversing a 0.83% fall from Friday, Ripple’s XRP ended the day at $0.19588.
A choppy start to the day saw Ripple’s XRP slide from an early high $0.19219 to a late morning intraday low $0.18879.
Steering clear of the first major support level at $0.1866, Ripple’s XRP rallied to a late intraday high $0.19774.
Ripple’s XRP broke through the first major resistance level at $0.1922 and the second major resistance level at $0.1951.
A late pullback saw Ripple’s XRP briefly fall back through the second major resistance level before wrapping up the day at $0.1958 levels.
At the time of writing, Ripple’s XRP was down by 0.64% to $0.19462. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.19626 to a low $0.19339.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to move through the morning high $0.19626 to support a run at the first major resistance level at $0.1995.
Support from the broader market would be needed, however, for Ripple’s XRP to breakout from Saturday’s high $0.19774.
Barring an extended crypto rally, the first major resistance level, and Friday’s high would leave Ripple’s XRP short of $0.20 levels.
Failure to move back through the morning high $0.19626 could see Ripple’s XRP struggle throughout the day.
A fall through to sub-$0.1940 levels would bring the first major support level at $0.1905 into play.
Barring an extended crypto sell-off, however, Ripple’s XRP should steer well clear of the second major support level at $0.18352.
Looking at the Technical Indicators
Major Support Level: $0.1905
Major Resistance Level: $0.1995
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
This article was originally posted on FX Empire
