EOS

EOS rose by 0.55% on Tuesday. Following a 2.55% fall from Monday, EOS ended the day at $2.5609.

A bearish start to the day saw EOS fall to an early morning intraday low $2.5057 before making a move.

Steering clear of the first major support level at $2.4491, EOS rose to a late intraday high $2.5791 before easing back.

Falling well short of the first major resistance level at $2.6574, EOS slipped back to sub-$2.57 levels.

At the time of writing, EOS was up by 0.14% to $2.5645. A mixed start to the day saw EOS fall to an early morning low $2.5591 before rising to a high $2.5645.

EOS left the major support and resistance levels untested early on.

For the day ahead

EOS would need to avoid a fall through the $2.5486 pivot level to support a run at the first major resistance level at $2.5914.

Support from the broader market would be needed, however, for EOS to break out from Tuesday’s high $2.5791.

Barring an extended crypto rally, the first major resistance level and resistance at $2.60 would likely cap any upside.

Failure to avoid a fall through the $2.5486 pivot would bring the first major support level at $2.5180 into play.

Barring another extended sell-off, EOS should steer clear of the second major support level at $2.4752.

Looking at the Technical Indicators

Major Support Level: $2.5180

Pivot Level: $2.5486

Major Resistance Level: $2.5914

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 0.49% on Tuesday. Following a 1.39% decline from Monday, Ethereum ended the day at $240.43.

Tracking the broader market, Ethereum fell to an early morning intraday low $236.66 before finding support.

Steering clear of the first major support level at $235.82, Ethereum struck a late intraday high $242.01.

Falling well short of the first major resistance level at $244.22, Ethereum fell back to $240 levels before ending the day at $240 levels.

At the time of writing, Ethereum was up by 0.28% to $241.10. A bullish start to the day saw Ethereum rise from an early morning low $240.4 to a high $241.18.

Ethereum left the major support and resistance levels untested early on.

For the day ahead

Ethereum would need to avoid a fall through the $239.70 pivot to support a run at the first major resistance level at $242.74.

Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $242.01.

Barring an extended crypto rally, the first major resistance level and resistance at $243 should cap any upside.

Failure to avoid a fall through the $239.70 pivot would bring the first major support level at $237.39 into play.

Barring another extended sell-off, Ethereum should continue to steer clear of sub-$230 levels. The second major support level at $234.35 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $237.39

Pivot Level: $239.70

Major Resistance Level: $242.74

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 0.10% on Tuesday. Following a 1.31% fall from Monday, Ripple’s XRP ended the day at $0.19924.

A bearish start to the day saw Ripple’s XRP fall to an early morning intraday low $0.19527. Steering clear of the first major support level at $0.1919, Ripple’s XRP rose to a mid-day intraday high $0.20024.

Falling short of the first major resistance level at $0.2064, Ripple’s XRP slipped back to end the day at sub-$0.20.

At the time of writing, Ripple’s XRP was up by 0.34% to $0.19991. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.19918 before striking a high $0.19992.

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

For the day ahead

Ripple’s XRP will need to avoid a fall through the $0.1983 pivot to support a run at the first major resistance level at $0.2012.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Tuesday’s high $0.20024.

Barring a broad-based crypto rally, the first major resistance level and Tuesday’s high $0.20024 should cap any upside.

In the event of a breakout, Ripple’s XRP should test resistance at $0.21 before any pullback. The third major resistance level sits at $0.2082.

Failure to avoid a fall through the $0.1983 pivot would bring the first major support level at $0.1963 into play.

Barring another extended crypto sell-off, Ripple’s XRP should avoid sub-$0.19 levels. The second major support level at $0.1933 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $0.1963

Pivot Level: $0.1983

Major Resistance Level: $0.2012

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

(Excerpt) Read more Here | 2020-07-14 17:23:33
Image credit: source

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