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EOS
EOS was up 4.63% on Friday. Reversing Thursday’s 4.47% fall, EOS ended the day at $ 3.1183.
It was another mixed start to the day. EOS fell to a morning intraday low of $ 2.9379 before moving on.
Avoiding the first major support level at $ 2.8340, EOS hit an afternoon intraday high $ 3.1778.
EOS broke through the first major resistance level at $ 3.1358 before falling back to levels below $ 3.10.
Finding support late, however, EOS returned to $ 3.11 levels to provide the upside later in the day.
At the time of writing, EOS was down by 0.37% to $ 3.1067. A bearish start to the day saw EOS drop from a morning high $ 3.1301 to a low $ 3.0861.
EOS left the major support and resistance levels untested in the beginning.
For the day ahead
EOS should avoid a fall through the pivot level of $ 3.0780 to support a run to the first major resistance level at $ 3.2181.
However, support from the broader market would be needed for EOS to break out of Friday’s $ 3.1778 high.
Barring an extended cryptocurrency rally, the first major resistance level would likely limit any upside.
Failure to avoid a fall through the pivot level at $ 3.0780 would bring the first major support level at $ 2.9782 into play.
Barring a prolonged sell-off, however, EOS should avoid a return to levels below $ 3.00. The second major support level is found at $ 2.8381.
Looking at the technical indicators
First major support level: $ 2.9782
Pivot Level: $ 3.0780
First major resistance level: $ 3.2181
23.6% FIB Retracement Level: $ 6.52
38% FIB Retracement Level: $ 9.68
62% FIB Retracement Level: $ 14.77
Ethereum
Ethereum was up 3.18% on Friday. Reversing Thursday’s 0.74% decline, Ethereum ended the day at $ 395.47.
It was also a mixed start for the day. Ethereum fell to a morning intraday low $ 379.67 before making a move.
Avoiding the first major support level at $ 370.78, Ethereum reached a late afternoon intraday high at $ 398.16.
Ethereum broke through the first major resistance level at $ 396.43 before falling to 2nd mid low $ 390.91.
Finding support late, however, Ethereum rallied back to $ 395 levels to offer the upside later in the day.
At the time of writing, Ethereum was down by 0.05% to $ 395.27. A mixed start to the day saw Ethereum drop to a morning low of $ 392.34 before climbing to a high of $ 397.00.
Ethereum left the major support and resistance levels untested in the beginning.
For the day ahead
Ethereum should avoid a fall through the $ 391 pivot to support a run at the first major resistance level at $ 402.53.
However, broader market support would be required for Ethereum to return to $ 400 levels.
Barring an extended cryptocurrency rally, the first major resistance level would likely limit any upside.
Failure to avoid a fall through the pivot of $ 384.04 would bring the first major support level at $ 384.04 into play.
Barring another extended sell-off, however, Ethereum should avoid levels below $ 370. The second major support level at $ 372.61 should limit any downside.
Looking at the technical indicators
First major support level: $ 384.04
Pivot level: $ 391
First major resistance level: $ 402.53
23.6% FIB Retracement Level: $ 257
38.2% FIB Retracement Level: $ 367
62% FIB Retracement Level: $ 543
Ripple’s XRP
Ripple’s XRP was up 2.59% on Friday. Partially reversing Thursday’s 4.37% decline, Ripple’s XRP ended the day at $ 0.27178.
It was a mixed start to the day. Ripple’s XRP dipped to a morning intraday low $ 0.26004 before moving on.
Avoiding the first major support level at $ 0.2526, Ripple’s XRP rose to an intraday high $ 0.27318.
Failing to hit the first major resistance level at $ 0.2774, Ripple’s XRP is back to levels below $ 0.27.
A final hour of returning to $ 0.27 levels, however, led to the upside later in the day.
At the time of writing, Ripple’s XRP was down by 0.57% to $ 0.27022. A bearish start to the day saw Ripple’s XRP fall from a morning high $ 0.27393 to a low of $ 0.26865.
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 $ 0.2683 pivot to support a run to the first major resistance level at $ 0.2766.
However, support from the broader market would be needed for Ripple’s XRP to break out of Friday’s high of $ 0.27318.
Barring an extended cryptocurrency rally, the first major resistance level should limit any upside.
Failure to avoid a fall through the $ 0.2683 pivot would bring the first major support level at $ 0.2635 into play.
Barring another extended cryptocurrency sell-off, Ripple’s XRP should avoid levels below $ 0.26. The second major support level is found at $ 0.2552.
Looking at the technical indicators
First major support level: $ 0.2635
Pivot Level: $ 0.2683
First major resistance level: $ 0.2766
23.6% FIB Retracement Level: $ 0.3638
38.2% FIB Retracement Level: $ 0.4800
62% FIB Retracement Level: $ 0.6678
Let us know what you think in the comments below.
Thanks, Bob
This article was originally published on FX Empire
