For the day ahead

Ethereum would need to move through the $227.15 pivot to support a run at the first major resistance level at $231.49.

Support from the broader market would be needed, however, for Ethereum to break back through to $230 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $232.15 should cap any upside.

Failure to move through the $227.15 pivot would bring the first major support level at $222.12 into play.

Barring another extended sell-off, Ethereum should steer clear of sub-$215 levels. The second major support level at $217.77 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $222.12

Major Resistance Level: $231.49

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP fell by 0.83% on Thursday. Reversing a 0.77% gain from Wednesday, Ripple’s XRP ended the day at $0.17528.

A bearish start to the day saw Ripple’s XRP fall to a mid-morning low $0.17550 before making a move.

Steering clear of the major support levels, Ripple’s XRP struck an early afternoon intraday high $0.17746.

Falling short of the first major resistance level at $0.1787, Ripple’s XRP slid to a late afternoon intraday low $0.17234.

Ripple’s XRP fell through the first major support level at $0.1743 before recovering to $0.1750 levels. Steering clear of sub-$0.17 levels was key on the day.

At the time of writing, Ripple’s XRP was down by 0.01% to $0.17491. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.17453 before rising to a high $0.17491.

Ripple’s XRP left the major support and resistance levels untested early on.

(Excerpt) Read more Here | 2020-07-02 17:17:37
Image credit: source

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