EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis
It’s a mixed start to the day for the majors. Avoiding key levels through the morning would bring resistance levels into play, however.
EOS
EOS rallied by 5.93% on Saturday. Following a 0.02% slip on Friday, EOS ended the day at $2.7735. A bullish start to the day saw EOS rise from an intraday low $2.6016 to an early afternoon high $2.7214.
EOS broke through the first major resistance level at $2.6630 and the second major resistance level at $2.7108.
A pullback through the mid-afternoon saw EOS briefly slide back to $2.61 levels before rebounding to a late intraday high $2.7871.
The bounce-back saw EOS break back through the first and second major resistance levels before easing back to $2.77 levels.
At the time of writing, EOS was down by 0.14% to $2.7697.
A mixed start to the day saw EOS fall from an early morning high $2.7743 to a low $2.7553.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid sub-$2.72 levels to bring the first major resistance level at $2.8399 into play.
Support from the broader market would be needed, however, for EOS to break out from Saturday’s high $2.7871.
Barring another extended crypto rally, the first major resistance level would likely cap any upside. Failure to avoid sub-$2.72 levels could see EOS fall deeper into the red.
A fall through the morning low to sub-$2.72 levels would bring the first major support level at $2.6544 into play.
Barring a crypto meltdown, however, EOS should steer clear of sub-$2.60 levels and the second major support level at $2.5352.
Looking at the Technical Indicators
Major Support Level: $2.6544
Major Resistance Level: $2.8399
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum surged by 10.56% on Saturday. Following on from a 0.10% gain on Friday, Ethereum ended the day at $243.84.
A mixed start to the day saw Ethereum fall to an early morning intraday low $218.33 before making a move.
Steering clear of the first major support level at 217.16, Ethereum rallied to a late intraday high $247.36.
Ethereum broke through the major resistance levels to wrap up the day at the highest level since early March.
At the time of writing, Ethereum was up by 0.50% to $245.06. A mixed start to the day saw Ethereum fall to an early morning low $241.75 before striking a high $245.21.
Ethereum left the major support and resistance levels untested early on.
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EOS
EOS rallied by 5.93% on Saturday. Following a 0.02% slip on Friday, EOS ended the day at $2.7735. A bullish start to the day saw EOS rise from an intraday low $2.6016 to an early afternoon high $2.7214.
EOS broke through the first major resistance level at $2.6630 and the second major resistance level at $2.7108.
A pullback through the mid-afternoon saw EOS briefly slide back to $2.61 levels before rebounding to a late intraday high $2.7871.
The bounce-back saw EOS break back through the first and second major resistance levels before easing back to $2.77 levels.
At the time of writing, EOS was down by 0.14% to $2.7697.
A mixed start to the day saw EOS fall from an early morning high $2.7743 to a low $2.7553.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid sub-$2.72 levels to bring the first major resistance level at $2.8399 into play.
Support from the broader market would be needed, however, for EOS to break out from Saturday’s high $2.7871.
Barring another extended crypto rally, the first major resistance level would likely cap any upside. Failure to avoid sub-$2.72 levels could see EOS fall deeper into the red.
A fall through the morning low to sub-$2.72 levels would bring the first major support level at $2.6544 into play.
Barring a crypto meltdown, however, EOS should steer clear of sub-$2.60 levels and the second major support level at $2.5352.
Looking at the Technical Indicators
Major Support Level: $2.6544
Major Resistance Level: $2.8399
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum surged by 10.56% on Saturday. Following on from a 0.10% gain on Friday, Ethereum ended the day at $243.84.
A mixed start to the day saw Ethereum fall to an early morning intraday low $218.33 before making a move.
Steering clear of the first major support level at 217.16, Ethereum rallied to a late intraday high $247.36.
Ethereum broke through the major resistance levels to wrap up the day at the highest level since early March.
At the time of writing, Ethereum was up by 0.50% to $245.06. A mixed start to the day saw Ethereum fall to an early morning low $241.75 before striking a high $245.21.
Ethereum left the major support and resistance levels untested early on.
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