EOS

EOS rallied by 2.07% on Friday. Following on from a 1.65% gain on Thursday, EOS ended the day at $2.5817.

A mixed start to the day saw EOS rise to an early morning high $2.5708 before sliding to a mid-day intraday low $2.5151.

Steering clear of the first major support level at $2.4501, EOS rallied to a late afternoon intraday high $2.5996.

With resistance at $2.60 levels pinning EOS back from the first major resistance level at $2.6261, EOS eased back late in the day.

At the time of writing, EOS was up by 2.34% to $2.6421. A bullish start to the day saw EOS rally from an early morning low $2.5887 to a high $2.6662.

EOS broke through the first major resistance level at $2.6158 and second major resistance level at $2.6500 before easing back.

For the day ahead

EOS would need to hold above the first major resistance level to support another run at the second major resistance level at $2.6500.

Support from the broader market would be needed, however, for EOS to break back through the second major resistance level.

Barring an extended broad-based crypto rally, resistance at $2.65 would likely limit any upside later the day.

Failure to steer clear of the first major resistance level could see EOS hit reverse. A fall through to sub-$2.60 would bring the first major support level at $2.5313 into play.

Barring a crypto meltdown, however, EOS should steer clear of the second major support level at $2.4810.

Looking at the Technical Indicators

Major Support Level: $2.5313

Major Resistance Level: $2.6158

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose 1.40% on Friday. Following on from a 0.42% gain on Thursday, Ethereum ended the day at $126.23.

Tracking the broader market, Ethereum fell from an early morning high$126.38 to a late morning intraday low $122.15.

Finding support at the first major support level at $122.35, Ethereum bounced back to a late afternoon intraday high $126.7.

Falling short of the first major resistance level at $130.35, Ethereum eased back to $124 levels before late support delivered the upside for the day.

At the time of writing, Ethereum was up by 1.09% to $127.61. A bullish start to the day saw Ethereum rally from an early morning low $125.8 to a high $128.00.

Steering clear of the major support levels, Ethereum broke through the first major resistance level at $127.90 early on.

For the day ahead

Ethereum would need to hold onto $127 levels to support another run at the first major resistance level at $127.90.

Support from the broader market would be needed for Ethereum to break back through to $128 levels.

Barring a broad-based crypto rally, however, resistance at $128 would likely continue to limit any upside.

In the event of an extended rally, the second major resistance level at $129.58 would likely leave Ethereum short of $130.

Failure to hold onto $127 levels could see Ethereum fall back into the red. A pullback through the morning low $125.80 would bring sub-$125 levels into play.

Barring a crypto sell-off, however, Ethereum should steer clear of the first major support level at $123.35.

Looking at the Technical Indicators

Major Support Level: $123.35

Major Resistance Level: $127.90

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 0.32% on Friday. Following on from a 0.61% gain on Thursday, Ripple’s XRP ended the day at $0.19078.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $0.19086 before falling to a late morning intraday low $0.18500.

Ripple’s XRP fell through the first major support level at $0.1873 before striking a late high $0.19078.

In spite of the recovery and move into positive territory, Ripple’s XRP fell short of the first major resistance level at $0.1941.

At the time of writing, Ripple’s XRP was up by 1.01% to $0.19270. A bullish start to the day saw Ripple’s XRP rally from an early morning low $0.19077 to a high $0.19345.

Ripple’s XRP broke through the first major resistance level at $0.1928 before easing back.

For the day ahead

Ripple’s XRP will need to hold onto $0.1920 levels to support another run at the first major resistance level at $0.1928.

Support from the broader market would be needed, however, for Ripple’s XRP to break through the morning high $0.19345.

Barring an extended rally through the day, the first major resistance level would likely limit any upside.

Failure to hold onto $0.1920 levels could see Ripple’s XRP hit reverse.

A fall through to the morning low $0.19077 would bring the first major support level at $0.1869 into play.

Barring a crypto meltdown, however, Ripple’s XRP should steer well clear of sub-$0.18 levels. The second major support level at $0.1830 should limit the downside on the day.

Looking at the Technical Indicators

Major Support Level: $0.1873

Major Resistance Level: $0.1928

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

Thanks, Bob

This article was originally posted on FX Empire

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