EOS rallied by 9.06% on Thursday. Reversing a 2.17% slide from Wednesday, EOS ended the day at $4.3229.
A bearish start to the day saw EOS fall to an early morning intraday low $3.8932 before making a move.
EOS fell through the first major support level at $3.9049 before rallying to late intraday high $4.3918.
The rally saw EOS break through the major resistance levels of the day before easing back through the third major resistance level at $4.3573.
At the time of writing, EOS was up by 0.11% to $4.3276. Tracking the broader market, EOS rose to an early morning high $4.3696 before falling to a low $4.2843.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move Thursday’s high to $4.3918 levels to support a run at the first major resistance level at $4.5121.
Support from the broader market would be needed, however, for EOS to break out from the morning high $4.3696.
Barring an extended crypto rally, EOS would likely come up short of $4.5 levels and the first major resistance level.
Failure to move through Thursday’s high $4.3918 could see EOS return to the red.
A fall back through the early morning low $4.2843 to sub-$4.20 levels would bring the first major support level at $4.0135 into play.
Barring a broad-based crypto sell-off, however, EOS should steer well clear of sub-$4.00 levels.
Looking at the Technical Indicators
Major Support Level: $4.0135
Major Resistance Level: $4.5121
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rallied by 6.42% on Thursday. Reversing a 1.40% fall from Wednesday, Ethereum ended the day at $184.55.
Tracking the broader market, Ethereum fell to an early morning intraday low $170.00 before making a move.
Ethereum fell through the first major support level at $171.62 before rallying to a late intraday high $186.89.
The rally saw Ethereum break through the major resistance levels of the day before a final hour pullback.
While falling back through the third major resistance level at $185.32, Ethereum wrapped up the day at $180 levels for the 1st time since November.
At the time of writing, Ethereum was down by 0.33% to $183.95. A mixed start to the day saw Ethereum rise to an early morning high $185.68 before falling to a low $183.00.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through Thursday’s high $186.89 to support a run at the first major resistance level at $190.96.
Support from the broader market would be needed, however, for Ethereum to break through to $190 levels.
Barring a broad-based crypto rebound, Ethereum would likely struggle to break out from $187 levels.
In the event of a rebound, the first major resistance at $190.96 would likely limit any upside.
Failure to move back through Thursday’s high $186.89 could see Ethereum fall deeper into the red.
A fall through the morning low $183.00 to sub-$180.50 levels would bring the first major support level at $174.07 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$170 levels on the day.
Looking at the Technical Indicators
Major Support Level: $174.07
Major Resistance Level: $190.96
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 3.43% on Thursday. Reversing a 1.64% fall from Wednesday, Ripple’s XRP ended the day at $0.24341.
A bearish start to the day saw Ripple’s XRP fall through the first major support level at $0.2324 to an intraday low $0.23081 before finding support.
Ripple’s XRP rallied to a late afternoon high 0.24057 before hitting reverse. The rally saw Ripple’s XRP come up against the first major resistance level at $0.2407 before sliding back through the first major support level.
The pullback saw Ripple’s XRP fall to an afternoon low $0.23174 before rallying to a late intraday high $0.24650.
Ripple’s XRP broke through the first major resistance level at $0.2407 and the second major resistance level at $0.2457 before a 2nd pullback.
While Ripple’s XRP fell back through the second major resistance level, Ripple’s XRP managed to wrap up the day at $0.24 levels.
At the time of writing, Ripple’s XRP was down by 0.21% to $0.24291. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.24478 before falling to a low $0.24135.
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 Thursday’s high $0.24596 to support a run at the first major resistance level at $0.2493.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from this morning’s high $0.24478.
Barring a broad-based crypto rally, the first major resistance level at $0.2493 would likely limit any upside on the day.
Failure to move back through Thursday’s high $0.24596 could see Ripple’s XRP fall deeper into the red.
A fall through the early morning low $0.24135 to sub-$0.24 levels would bring the first major support level at $0.2342 into play.
Barring an extended crypto sell-off, however, Ripple’s XRP should steer of sub-$0.22 levels on the day. The second major support level at $0.2249 would likely limit any slide.
Looking at the Technical Indicators
Major Support Level: $0.2342
Major Resistance Level: $0.2493
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.
