EOS rose by 0.46% on Tuesday. Reversing a 0.41% fall from Monday, EOS ended the day at $4.2380.
A bullish start to the day saw EOS rise to an early morning high $4.2591 before hitting reverse.
Falling short of the major resistance levels, EOS fell back to a mid-day intraday low $4.0700.
EOS fell through the first major support level at $4.1017 before bouncing back to a late intraday high $4.2683.
Falling short of the first major resistance level at $4.3492, EOS eased back in the final hour to limit the upside on the day.
At the time of writing, EOS was down by 0.74% to $4.2065. A mixed start to the day saw EOS rise to an early morning high $2.2456 before sliding to a low $4.1728.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move back through the morning high $4.2456 to support a run at the first major resistance level at $4.3142.
Support from the broader market would be needed, however, for EOS to breakout from Tuesday’s high $4.2683.
Barring a broad-based crypto rally, resistance at $4.3000 would likely leave EOS short of the first major resistance level at $4.3142.
Failure to move back through the morning high could see EOS slide deeper into the red.
A fall back through to sub-$4.1920 levels would bring the first major support level at $4.1159 into play.
Barring another extended crypto sell-off, however, EOS should continue to steer well clear of sub-$4.00 levels.
Looking at the Technical Indicators
Major Support Level: $4.1159
Major Resistance Level: $4.3142
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 0.62% on Tuesday. Reversing a 0.64% gain from Monday, Ethereum ended the day at $188.24.
A bullish start to the day saw Ethereum rise to an early morning intraday high $191.37 before hitting reverse.
Falling short of the first major resistance level at $194.34, Ethereum slid to a mid-day intraday low $184.29.
Ethereum fell through the first major support level at $185.38 before recovering to $189 levels.
A 2nd pullback late in the day saw Ethereum test the first major support level again before wrapping up the day at $188 levels.
At the time of writing, Ethereum was up by 0.36% to $188.92. A mixed start to the day saw Ethereum rise to an early morning high $189.96 before falling to a low $186.89.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the morning high $189.96 to $190 levels to support a run at the first major resistance level at $191.64.
Support from the broader market would be needed, however, for Ethereum to break back through Tuesday’s high $191.37.
Barring a broad-based crypto rally, the first major resistance level at $191.64 and Tuesday’s high would likely limit any upside.
In the event of an extended crypto rally, the second major resistance level at $195.05 would likely limit any upside.
Failure to move through to $190 levels could see Ethereum hit reverse.
A fall through the morning low $186.89 would bring the first major support level at $184.56 into play.
Barring a crypto meltdown, however, Ethereum should steer well clear of the second major support level at $180.89.
Looking at the Technical Indicators
Major Support Level: $184.56
Major Resistance Level: $191.64
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 4.88% on Tuesday. Following on from a 1.43% gain on Monday, Ripple’s XRP ended the day at $0.26741.
A choppy start to the day saw Ripple’s XRP fall from an early morning high $0.25810 to a late morning intraday low $0.24800.
Finding support at the first major support level at $0.2480, Ripple’s XRP rallied to a mid-afternoon intraday high $0.27093.
Ripple’s XRP broke through the first major resistance level at $0.2612 and the second major resistance level at $0.2674.
A late pullback saw Ripple’s XRP fall back through the second major resistance level before wrapping up the day at $0.2674 levels.
The second major resistance level capped the upside on the day.
At the time of writing, Ripple’s XRP was up by 3.4% to $0.27650. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.26748 to a high $0.27664.
Steering clear of the support levels, Ripple’s XRP broke through the first major resistance level at $0.2762 early on.
For the day ahead
Ripple’s XRP will need to move back through the early high $0.27664 to support a run at $0.28 levels
Support from the broader market would be needed, however, for Ripple’s XRP to take a run at the second major resistance level at $0.2850.
Barring an extended rally, however, the first major resistance level at $0.2762 would likely limit any upside on the day.
Failure to move back through the early morning high could see Ripple’s XRP hit reverse.
A fall back through the first major resistance level would bring the morning low $0.26748 into play.
Barring an extended crypto sell-off, however, Ripple’s XRP should steer of sub-$0.26 levels and the first major support level at $0.2533.
Looking at the Technical Indicators
Major Support Level: $0.2533
Major Resistance Level: $0.2762
23.6% FIB Retracement Level: $0.3638
38.2% FIB Retracement Level: $0.4800
62% FIB Retracement Level: $0.6678
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