EOS gained 1.52% on Friday. Following on from a 1.94% rise on Thursday, EOS ended the day at $3.8961.
A bullish start to the day saw EOS rise to a late morning high $4.0500 before hitting reverse.
Coming up against the first major resistance level at $4.0163, EOS slid to an early afternoon intraday low $3.7334.
Steering clear of the first major support level at $3.5894, EOS broke back through the first major resistance level to a late intraday high $4.0623.
A second pullback to $3.7 levels and into the red was short-lived. EOS found support late in the day to close out in the green.
At the time of writing, EOS was up by 1.1% to $3.9390. A mixed start to the day saw EOS rise from an early morning low $3.8767 to a high $3.9976 before easing back.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move back through to the morning high to $4.00 levels to support a run at the first major resistance level at $4.0611.
Support from the broader market would be needed, however, for EOS to breakout back through to $4.00 levels.
Barring a broad-based crypto rally, Friday’s high $4.0623 and first major resistance level would likely cap any upside.
Failure to move back through the morning high to $4.00 levels could see EOS hit reverse.
A fall back through to sub-$3.90 levels would bring the first major support level at $3.7322 into play before any recovery.
Barring an extended sell-off, however, EOS should steer clear of the second major support level at $3.5684.
Looking at the Technical Indicators
Major Support Level: $3.7322
Major Resistance Level: $4.0611
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rallied by 3.41% on Friday. Reversing a 1.41% fall from Thursday, Ethereum ended the day at $169.59.
A particularly bullish morning saw Ethereum rally from an early intraday low $162.01 to a mid-morning intraday high $174.52.
Steering clear of the support levels, Ethereum broke through the first major resistance level at $168.08 and second major resistance level at $172.24.
An early afternoon pullback saw Ethereum fall back through the major resistance levels to sub-$165 levels.
Support from the broader market delivered late on, however, delivering the solid gain on the day.
At the time of writing, Ethereum was up by 1.54% to $172.20. A bullish start to the day saw Ethereum rise from an early morning low $168.84 to a high $173.47 before easing back.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move back through to $173 levels to support a run at the first major resistance level at $175.40.
Support from the broader market would be needed for Ethereum to break through Friday’s high $174.52.
Barring a broad-based crypto rebound, however, the first major resistance level at $175.40 would likely cap any upside.
Failure to move back through to $173 levels could see Ethereum slide into the red.
A fall back through the morning low to sub-$168.70 levels would bring the first major support level at $162.89 into play.
Barring an extended crypto sell-off, however, Ethereum should steer of sub-$160 levels on the day.
Looking at the Technical Indicators
Major Support Level: $162.89
Major Resistance Level: $175.40
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP rallied by 3.98% on Friday. Reversing a 1.99% fall from Thursday, Ripple’s XRP ended the day at $0.23800.
Bullish through the day, Ripple’s XRP surged from an early morning intraday low $0.22633 to a late intraday high $0.24375.
Steering clear of the major support levels, Ripple’s XRP broke through the first major resistance level at $0.2355 and the second major resistance level at $0.2421.
A late pullback saw Ripple’s XRP slide back through the major resistance levels to $0.2310 levels before finding support from the broader market.
Ripple’s XRP broke back through the first major resistance level to deliver the upside on the day.
At the time of writing, Ripple’s XRP was up by 0.25% to $0.23860. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.23681 to a high $0.2420 before easing back.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to move back through to $0.24 levels to support a run at the first major resistance level at $0.2457.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.24200.
Barring a broad-based crypto rally, the first major resistance level and Friday’s high $0.24375 would likely cap any upside.
Failure to move back through to $0.24 levels could see Ripple’s XRP slide into the red.
A fall back through the morning low to sub-$0.2360 levels would bring the first major support level at $0.2283 into play.
Barring a crypto meltdown, however, Ripple’s XRP should steer of sub-$0.22 levels and the second major support level at $0.2186.
Looking at the Technical Indicators
Major Support Level: $0.2283
Major Resistance Level: $0.2457
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
