The Crypto Daily – Movers and Shakers – August 3rd, 2020

Bitcoin, BTC to USD, slid by 6.36% on Sunday. Reversing a 4.01% rally from Saturday, Bitcoin ended the week up by 11.11% to $11,053.8.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $12,097 before hitting reverse.

Bitcoin broke through the first major resistance level at $12,022.8 before sliding to an early morning intraday low $10,548.0.

Bitcoin fell through the first major support level at $11,406.8 and the second major support level at $11,008.9.

Steering clear of the third major support level at $10,392.9, Bitcoin briefly revisited $11,300 levels before easing back.

Bitcoin broke back through the second major support level to limit the loss on the day.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bearish day on Sunday.

Bitcoin Cash ABC (-11.53%), Bitcoin Cash SV (-11.14%), EOS (-10.93%) led the way down.

Cardano’s ADA (-7.16%), Litecoin (-8.02%), and Tron’s TRX (-7.24%) also saw heavy losses

Binance Coin (-3.10%), Ethereum (-3.92%), Monero’s XMR (-5.16%), Ripple’s XRP (-1.25%), Stellar’s Lumen (-4.85%), and Tezos (-4.89%) saw relatively modest losses on the day.

While it was a bearish Sunday, it was a mixed week.

Ripple’s XRP rallied by 33.5% to lead the way.

Bitcoin Cash ABC (+13.82%), Bitcoin Cash SV (+15.09%), Ethereum (+19.52%), and Litecoin (+17.95%) also found strong support.

Binance Coin (+7.10%), EOS (+8.23%), Monero’s XMR (+8.71%), Stellar’s Lumen (+3.29%), and Tron’s TRX (+2.29%) trailed the front runners.

Cardano’s ADA (-9.99%) and Tezos (-3.19%) bucked the trend in the week, however.

In the week, the crypto total market cap rose from a Monday low $284.79bn to a Sunday high $362.06bn. At the time of writing, the total market cap stood at $331.14bn.

Bitcoin’s dominance rose to a Tuesday high 64.58% before sliding to a Sunday low 61.66%. At the time of writing, Bitcoin’s dominance stood at 62.07.

This Morning

At the time of writing, Bitcoin was up by 0.69% to $11,130.5. A mixed start to the day saw Bitcoin fall to an early morning low $10,943.0 before rising to a high $11,169.0.

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

Elsewhere, it was a bullish start to the day. Stellar’s Lumen was up by 2.46%, at the time of writing, to lead the way.

BTC/USD 03/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $11,233 pivot to support a run at the first major resistance level at $11,918.

Support from the broader market would be needed, however, for Bitcoin to break out from $11,500 levels.

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

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $12,782.

Failure to move through the $11,233 pivot level would bring the first major support level at $10,369 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,500 levels on the day.

 

EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – August 3rd, 2020

EOS

EOS slid by 10.93% on Sunday. Reversing a 6.71% gain from Saturday, EOS ended the week up by 8.23% to $2.9409.

It was a choppy start to the day. EOS rose to an early morning intraday high $3.4852 before hitting reverse.

EOS broke through the first major resistance level at $3.4029 before tumbling to an early morning intraday low $2.4884.

The sell-off saw EOS slide through the day’s major support levels before briefly revisiting $3.0 levels.

EOS moved back through the third major support level at $2.7121 and the second major support level at $2.9748.

It was a bearish 2nd half of the day, however. EOS fell back through the second major support level to end the day in the deep red.

At the time of writing, EOS was up by 0.75% to $2.9631. A mixed start to the day saw EOS fall to an early morning low $2.9022 before rising to a high $2.9631.

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

EOS/USD 03/08/20 Hourly Chart

For the day ahead

EOS would need to move through the $2.9715 pivot level to support a run at the first major resistance level at $3.4546.

Support from the broader market would be needed, however, for EOS to break back through to $3.40 levels.

Barring another extended crypto rally, the first major resistance level would likely cap any upside.

Failure to move through the $2.9715 pivot would bring the first major support level at $2.4578 into play.

Barring an extended sell-off, EOS should steer well clear of the second major support level at $1.9747.

Looking at the Technical Indicators

First Major Support Level: $2.4578

Pivot Level: $2.9715

First Major Resistance Level: $3.4546

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 3.92% on Sunday. Partially reversing an 11.69% rally from Saturday, Ethereum ended the week up by 19.52% to $371.21.

Tracking the broader market, Ethereum rallied to an early morning intraday high $415.00 before hitting reverse.

Ethereum broke through the first major resistance level at $406.35 before tumbling to an early morning intraday low $325.75.

The selloff saw Ethereum fall through the first major support level at $356.1 before finding support.

More significantly, Ethereum also fell through the 38.2% FIB of $367 before the partial recovery.

Ethereum moved back through to $389 levels before falling back to end the day at sub-$380.

At the time of writing, Ethereum was up by 1.00% to $375.93. A mixed start to the day saw Ethereum fall to an early morning low $366.34 before rising to a high $376.63.

While leaving the major support and resistance levels untested, Ethereum found support at the 38.2% FIB of $367 early on.

ETH/USD 03/08/20 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the $371 pivot to support a run at the first major resistance level at $416.22.

Support from the broader market would be needed, however, for Ethereum to break out form Saturday’s high $415.00.

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

A fall through the $371 pivot would bring the first major support level at $326.97 into play.

Barring another extended sell-off, however, Ethereum should steer well clear of the second major support level at $281.74.

Looking at the Technical Indicators

First Major Support Level: $326.97

Pivot Level: $371

First Major Resistance Level: $416.22

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 1.25% on Sunday. Following a 12.06% rally on Saturday, Ripple’s XRP ended the week up by 33.50% to $0.28764.

A bullish start to the day saw Ripple’s XRP rise to an early morning intraday high $0.3262 before hitting reverse.

Ripple’s XRP broke through the first major resistance level at $0.3071 and the second major resistance level at $0.3233.

The reversal saw Ripple’s XRP slide through the first major support level at $0.2653 to an intraday low $0.24158.

Steering clear of sub-$0.24 support levels, Ripple’s XRP revisited $0.30 levels before falling back into the red.

In spite of the bearish day, Ripple’s XRP moved back through the first major support level to limit the loss.

At the time of writing, Ripple’s XRP was up by 2.95% to $0.29612. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.28383 before rising to a high $0.29661.

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

XRP/USD 03/08/20 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the $0.2851 pivot to support a run at the first major resistance level at $0.3287.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Saturday’s high $0.3262.

Barring another broad-based crypto rally, the first major resistance level should cap any upside.

In the event of a breakout, Ripple’s XRP could make a run at the second major resistance level at $0.0.3698.

Failure to avoid a fall through the $0.2851 pivot would bring the first major support level at $0.2441 into play.

Barring an extended crypto sell-off, Ripple’s XRP should avoid sub-$0.24 levels, however.

Looking at the Technical Indicators

First Major Support Level: $0.24441

Pivot Level: $0.2851

First Major Resistance Level: $0.3287

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

The Crypto Daily – Movers and Shakers – August 2nd, 2020

Bitcoin, BTC to USD, rallied by 4.01% on Saturday. Following a 2.04% gain on Friday, Bitcoin ended the day at $11,804.7.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $11,227 before making a move.

Steering clear of the first major support level at $11,080, Bitcoin rallied to a late intraday high $11,843.0.

Bitcoin broke through the first major resistance level at $11,530 and the second major resistance level at $11,710.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Saturday.

Ethereum (+11.69%), Ripple’s XRP (+12.06%), and Stellar’s Lumen (+10.76%) led the way.

Bitcoin Cash ABC (+6.05%), Bitcoin Cash SV (+5.97%), EOS (+6.71%), Litecoin (+6.01%), Monero’s XMR (+5.94%), and Tezos (+6.87%) also found strong support.

Binance Coin (+4.64%), Cardano’s ADA (+3.79%), and Tron’s TRX (+3.92%) trailed the front runners on the day.

In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Saturday high $349.72bn. At the time of writing, the total market cap stood at $348.82bn.

Bitcoin’s dominance rose from a Monday low 62.44% to a Tuesday high 64.58% before sliding back. At the time of writing, Bitcoin’s dominance stood at 62.69.

This Morning

At the time of writing, Bitcoin was down by 0.04% to $11,800. A mixed start to the day saw Bitcoin fall to an early morning low $11,788 before rising to a high $11,845.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (+0.09%), Ethereum (+0.45%), Monero’s XMR (+0.30%), Stellar’s Limen (+0.58%), and Tron’s TRX (+0.87%) found early support.

It was a bearish start for the rest of the majors, however, with Litecoin down by 0.87% to lead the way down.

BTC/USD 02/08/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,625 pivot to support a run at the first major resistance level at $12,023.

Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $11,843.

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

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $12,241.

Failure to avoid a fall through the $11,625 pivot level would bring the first major support level at $11,407 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $11,009 and sub-$11,000 levels.

The Crypto Daily – Movers and Shakers – August 1st, 2020

Bitcoin, BTC to USD, rallied by 2.04% on Friday. Following a 0.05% gain on Thursday, Bitcoin ended the month up by 24.04% to $11,350.0.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $10,990 before making a move.

Steering clear of the first major support level at $10,923.2, Bitcoin rose to a late afternoon intraday high $11,440.0.

Bitcoin broke through the first major resistance level at $11,255.4 and the second major resistance level at $11,387.8.

A late pullback saw Bitcoin fall back through the resistance levels before finding support.

Bitcoin broke back through the first major resistance level to wrap up the day at $11,350 levels.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Friday.

Binance Coin (+7.76%), Bitcoin Cash SV (+7.19%), and Ripple’s XRP (+6.22%) led the way.

Bitcoin Cash ABC (+2.22%), Ethereum (+3.46%), Litecoin (+2.46%), and Monero’s XMR (+4.39%), also found strong support.

EOS (+1.36%), Stellar’s Lumen (+0.73%), Tezos (+1.44%), and Tron’s TRX (+1.93%) trailed the front runners.

Cardano’s ADA bucked the trend, however, falling by 1.17%.

It was a bullish July for the crypto market.

Cardano’s ADA surged by 67.38% to lead the majors.

Bitcoin Cash SV (+46.21%), Ethereum (+53.82%), Litecoin (+41.45%), Ripple’s XRP (+48.21%), and Stellar’s Lumen (+45.72%) also found strong support.

Binance Coin (+34.44%), Bitcoin Cash ABC (+34.87%), EOS (+30.56%), Monero’s XMR (33.17%), Tezos (+20.69%), and Tron’s TRX (+20.39%) trailed the front runners.

In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Monday high $335.81bn. At the time of writing, the total market cap stood at $326.94bn.

Bitcoin’s dominance rose from a Monday low 62.44% to a Tuesday high 64.58% before easing back. At the time of writing, Bitcoin’s dominance stood at 63.53.

This Morning

At the time of writing, Bitcoin was down by 0.82% to $11,257.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,398 before falling to a low $11,238.0.

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

Elsewhere, it was a mixed start to the day.

At the time of writing, Bitcoin Cash ABC (+0.14%), Cardano’s ADA (+0.21%), and Stellar’s Lumen (+0.69%) found early support.

It was a bearish start for the rest of the majors, however. Ripple’s XRP was down by 1.44% to lead the way down.

BTC/USD 01/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $11,260 pivot to support a run at the first major resistance level at $11,530.

Support from the broader market would be needed, however, for Bitcoin to break out from Friday’s high $11,440.

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

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,710.

Failure to move through the $11,260 pivot level would bring the first major support level at $11,080 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$11,000 levels and the second major support level at $10,810.

EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – August 1st, 2020

EOS

EOS rose by 1.36% on Friday, Following on from a 0.90% gain on Thursday, EOS ended the month up by 30.56% to $3.0950.

It was a mixed start to the day. EOS fell to an early morning intraday low $3.0163 before making a move.

Steering clear of the first major support level at $2.9763, EOS rallied to a late afternoon intraday high $3.1481

EOS broke through the first major resistance level at $3.1191 before easing back to sub-$3.10 levels.

At the time of writing, EOS was down by 0.17% to $3.0896. A mixed start to the day saw EOS rise to an early morning high $3.1155 before falling to a low $3.0896.

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

EOS/USD 01/08/20 Hourly Chart

For the day ahead

EOS would need to avoid a fall through the $3.0865 pivot level to support a run at the first major resistance level at $3.1566.

Support from the broader market would be needed, however, for EOS to break back out from Friday’s high $3.1481.

Barring another extended crypto rally, the first major resistance level would likely cap any upside.

Failure to avoid a fall through the $3.0865 pivot would bring the first major support level at $3.0248 into play.

Barring an extended sell-off, EOS should steer clear of the second major support level at $2.9547.

Looking at the Technical Indicators

First Major Support Level: $3.0248

Pivot Level: $3.0865

First Major Resistance Level: $3.1566

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 3.46% on Friday. Following on from a 5.39% rally on Thursday, Ethereum ended the month up by 53.82% to $346.86.

Another mixed start saw Ethereum fall to an early morning intraday low $328.35 before making a move.

Steering clear of the first major support level at $319.09, Ethereum rallied to a late intraday high $349.74.

Ethereum broke through the first major resistance level at $346.97 to test resistance at $350 before easing back.

Ethereum slipped back through the first major resistance level at $346.97 late in the day.

At the time of writing, Ethereum was down by 0.28% to $345.88. A mixed start to the day saw Ethereum rise to an early morning high $347.99 before falling to a low $345.56.

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

ETH/USD 01/08/20 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the $341.65 pivot to support a run at the first major resistance level at $354.95.

Support from the broader market would be needed, however, for Ethereum to break out form Friday’s high $349.74.

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

A fall through the $341.65 pivot would bring the first major support level at $333.56 into play.

Barring an extended sell-off, however, Ethereum should steer well clear of the second major support level at $320.26.

Looking at the Technical Indicators

First Major Support Level: $333.56

Pivot Level: $341.65

First Major Resistance Level: $354.95

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP rallied by 6.22% on Friday. Following on from a 0.36% gain on Thursday, Ripple’s XRP ended the month up by 48.21% to $0.25983.

Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.24201 before finding support.

Steering clear of the first major support level at $0.2359, Ripple’s XRP rallied to a late intraday high $0.26078.

Ripple’s XRP broke through the first major resistance level at $0.2517 and the second major resistance level at $0.2587.

On the day, it was the first visit to $0.26 levels since early February before wrapping up the day at $0.2590 levels.

At the time of writing, Ripple’s XRP was down by 0.28% to $0.25909. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.26021 before falling to a low $0.25833.

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

XRP/USD 01/08/20 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the $0.2542 pivot to support a run at the first major resistance level at $0.2664.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Friday’s high $0.26078.

Barring another broad-based crypto rally, the first major resistance level should cap any upside.

In the event of a breakout, Ripple’s XRP would likely test the second major resistance level at $0.0.2730 before any pullback.

Failure to avoid a fall through the $0.2542 pivot would bring the first major support level at $0.2476 into play.

Barring an extended crypto sell-off, Ripple’s XRP should avoid sub-$0.25 levels, however.

Looking at the Technical Indicators

First Major Support Level: $0.2476

Pivot Level: $0.2542

First Major Resistance Level: $0.2664

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

The Crypto Daily – Movers and Shakers – July 31st, 2020

Bitcoin, BTC to USD, rose by 0.05% on Thursday. Following on from a 1.70% gain on Wednesday, Bitcoin ended the day at $11,123.0.

A bearish start to the day saw Bitcoin fall to an early afternoon intraday low $10,855.8 before making a move.

Finding support at the first major support level at $10,852, Bitcoin rose to a late high $11,186.1.

Falling well short of the first major resistance level at $11,380, Bitcoin fell back to sub-$11,100 levels and into the red.

Finding late support, however, Bitcoin move struck a final hour intraday high $11,188 before easing back.

In spite of the pullback, Bitcoin closed out the day in the green.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Thursday.

Ethereum rallied by 5.39% to lead the way.

Bitcoin Cash ABC (+2.43%), Bitcoin Cash SV (+1.52%), Litecoin (+2.92%), Monero’s XMR (+2.58%), and Stellar’s Lumen (+1.72%) also found strong support.

Binance Coin (+0.55%), Cardano’s ADA (+0.62%), EOS (+0.90%), Ripple’s XRP (+0.36%), Tezos (+0.90%), and Tron’s TRX (+0.32%) tailed the front runners.

In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Monday high $335.81bn. At the time of writing, the total market cap stood at $321.79bn.

Bitcoin’s dominance rose from a Monday low 62.43% to a Tuesday high 64.57% before easing back. At the time of writing, Bitcoin’s dominance stood at 63.58.

This Morning

At the time of writing, Bitcoin was down by 0.16% to $11,105.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,149.3 before falling to a low $11,100.3.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (+0.51%), Monero’s XMR (+0.22%), and Tezos (+0.01%) bucked the trend early on.

It was a bearish start for the rest of the majors, with Bitcoin Cash SV down by 0.58% to lead the way down.

BTC/USD 31/07/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,056 pivot to support a run at the first major resistance level at $11,255.

Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $11,189.2.

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

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,388.

Failure to avoid a fall through the $11,056 pivot level would bring the first major support level at $10,923 into play.

Barring an extended crypto sell-off, however, Bitcoin should continue to steer clear of sub-$10,800 levels and the second major support level at $10,723.

EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – July 31st, 2020

EOS

EOS rose by 0.90% on Thursday. Following on from a 0.79% gain on Wednesday, EOS ended the day at $3.0540.

It was a bearish start to the day. EOS fell to a mid-morning intraday low $2.9638 before making a move.

Steering clear of the first major support level at $2.9367, EOS rallied to a late intraday high $3.1066.

Falling short of the first major resistance level at $3.1410, EOS slipped back to wrap up the day at sub-$3.10 levels.

At the time of writing, EOS was up by 0.15% to $3.0585. A bullish start to the day saw EOS rise from an early morning low $3.0535 to a high $3.0652.

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

EOS/USD 31/07/20 Hourly Chart

For the day ahead

EOS would need to avoid a fall through the $3.0415 pivot level to support a run at the first major resistance level at $3.1191.

Support from the broader market would be needed, however, for EOS to break out from Thursday’s high $3.1066.

Barring another extended crypto rally, the first major resistance level at $3.1191 would likely cap any upside.

Failure to avoid a fall through the $3.0415 pivot would bring the first major support level at $2.9763 into play.

Barring an extended sell-off, EOS should steer well clear of sub-$2.90 levels and the second major support level at $2.8987.

Looking at the Technical Indicators

First Major Support Level: $2.9763

Pivot Level: $3.0415

First Major Resistance Level: $3.1191

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 5.39% on Thursday. Following a modest 0.20% rise from on Wednesday, Ethereum ended the day at $335.31.

A mixed start saw Ethereum fall to an early morning intraday low $314.52 before making a move.

Steering clear of the first major support level at $311.93, Ethereum rallied to a late intraday high $342.40.

Ethereum broke through the first major resistance level at $325.12 and the second major resistance level at $332.08.

Coming up short of the third major resistance level at $345.27, Ethereum eased back to sub-$340 levels.

At the time of writing, Ethereum was up by 0.08% to $335.58. A bullish start to the day saw Ethereum rise from an early morning low $335.18 to a high $336.99.

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

ETH/USD 31/07/20 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the $330.74 pivot to support a run at the first major resistance level at $347.

Support from the broader market would be needed, however, for Ethereum to break out form Thursday’s high $342.40.

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

A fall through the $330.74 pivot would bring the first major support level at $319 into play.

Barring an extended sell-off, however, Ethereum should steer well clear of the second major support level at $302.86.

Looking at the Technical Indicators

First Major Support Level: $319

Pivot Level: $330.74

First Major Resistance Level: $347

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 0.36% on Thursday. Following on from Wednesday’s 5.57% rally, Ripple’s XRP ended the day at $0.24462.

A bearish start to the day saw Ripple’s XRP fall to an early morning intraday low $0.23425 before finding support.

Steering clear of the first major support level at $0.2320, Ripple’s XRP rose to a late intraday high $0.25000.

Falling short of the first major resistance level at $0.2530, Ripple’s XRP eased back to limit the upside on the day.

At the time of writing, Ripple’s XRP was down by 0.03% to $0.24454. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.24602 before falling to a low $0.24443.

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

XRP/USD 31/07/20 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the $0.2430 pivot to support a run at the first major resistance level at $0.2517.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Thursday’s high $0.2500.

Barring another broad-based crypto rally, the first major resistance level should cap any upside.

In the event of a breakout, Ripple’s XRP should test the second major resistance level at $0.2587 before any pullback.

Failure to avoid a fall through the $0.2430 pivot would bring the first major support level at $0.2359 into play.

Barring an extended crypto sell-off, Ripple’s XRP should avoid sub-$0.23 levels and the second major support level at $0.2272.

Looking at the Technical Indicators

First Major Support Level: $0.2359

Pivot Level: $0.2430

First Major Resistance Level: $0.2517

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

The Crypto Daily – The Movers and Shakers – July 30th, 2020

Bitcoin, BTC to USD, rose by 1.70% on Wednesday. Reversing a 1.02% fall from Tuesday, Bitcoin ended the day at $11,117.

It was another mixed start to the day. Bitcoin fell to an early morning intraday low $10,851 before making a move.

Steering clear of the first major support level at $10,594, Bitcoin rallied to a late intraday high $11,355.

Bitcoin broke through the first major resistance level at $11,267 before easing back to sub-$11,200 levels.

The late pullback saw Bitcoin fall back through the first major resistance level at $11,267.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Wednesday.

Cardano’s ADA slid by 6.46% to lead the way down.

Bitcoin Cash SV (-2.54%), Monero’s XMR (-2.76%), and Stellar’s Lumen (-2.36%) also saw relatively heavy losses.

Binance Coin (-1.53%), Bitcoin Cash ABC (-1.06%), Litecoin (-1.20%), Tezos (-1.88%) and Tron’s TRX (-0.12%) saw more modest losses on the day.

It was a bullish day for the rest of the majors, however.

Ripple’s XRP rallied by 5.57% to lead the way.

EOS (+0.79%) and Ethereum (+0.20%) also found support.

In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Monday high $335.81bn. At the time of writing, the total market cap stood at $318.81bn.

Bitcoin’s dominance rose from a Monday low 62.43% to a Tuesday high 64.57% before easing back. At the time of writing, Bitcoin’s dominance stood at 64.14.

This Morning

At the time of writing, Bitcoin was down by 0.35% to $11,077.8. A bearish start to the day saw Bitcoin fall from an early morning high $11,117.4 to a low $11,004.0.

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

Elsewhere, it was a mixed start to the day.

At the time of writing, Monero’s XMR and Bitcoin Cash SV were up by 1.04% and 0.92% respectively to lead the way.

Binance Coin (+0.05%), Ethereum (+0.16%), and Stellar’s Lumen (+0.23%) also found early support.

It was a bearish start for the rest of the majors, with Ripple’s XRP down by 1.10% to lead the way down.

BTC/USD 30/07/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $11,116 pivot to support a run at the first major resistance level at $11,380.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $11,355.

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

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,601.

Failure to move through the $11,116 pivot level would bring the first major support level at $10,852 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,800 levels and the second major support level at $10,588.

EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – July 30th 2020

EOS

EOS rose by 0.79% on Wednesday. Following on from a 5.06% rally on Tuesday, EOS ended the day at $3.0292.

It was another mixed start to the day. EOS fell to an early morning intraday low $2.9560 before making a move.

Steering clear of the first major support level at $2.8319, EOS rallied to a late morning intraday high $3.1603.

EOS broke through the first major resistance level at $3.1288 before falling back to an afternoon low $3.0200.

Steering clear of sub-$3.00 levels, EOS found late support briefly revisit $3.11 levels before wrapping up the day at $3.02 levels.

At the time of writing, EOS was down by 0.48% to $3.0148. A bearish start to the day saw EOS fall from an early morning high $3.0286 to a low $2.9762

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

EOS/USD 30/07/20 Hourly Chart

For the day ahead

EOS would need to avoid a fall through the $3.0485 pivot level to support a run at the first major resistance level at $3.1410.

Support from the broader market would be needed, however, for EOS to break back through to $3.10 levels.

Barring another extended crypto rally, the first major resistance level at $3.1410 would likely cap any upside.

Failure to move through the $3.0485 pivot would bring the first major support level at $2.9367 into play.

Barring an extended sell-off, EOS should steer well clear of sub-$2.90 levels and the second major support level at $2.8442.

Looking at the Technical Indicators

First Major Support Level: $2.9367

Pivot Level: $3.0485

First Major Resistance Level: $3.1410

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 0.20% on Wednesday. Reversing a 1.49% fall from Tuesday, Ethereum ended the day at $318.16.

A mixed start saw Ethereum fall to an early morning intraday low $312.66 before finding support.

Steering clear of the first major support level at $306.81, Ethereum rose to an early afternoon intraday high $325.85.

Falling short of the first major resistance level at $327.86, Ethereum fell back to sub-$320 levels before finding late support.

A move back through to $323 levels was brief, however, with Ethereum falling back to sub-$320 late in the day.

At the time of writing, Ethereum was down by 0.35% to $317.06. A bearish start to the day saw Ethereum fall from an early morning high $318.16 to a low $315.38.

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

ETH/USD 30/07/20 Hourly Chart

For the day ahead

Ethereum would need to move through the $319 pivot to support a run at the first major resistance level at $325.

Support from the broader market would be needed, however, for Ethereum to break back through to $325 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $325.85 should cap any upside.

Failure to move through the $319 pivot would bring the first major support level at $312 into play.

Barring an extended sell-off, however, Ethereum should steer clear of the second major support level at $306.

Looking at the Technical Indicators

First Major Support Level: $312

Pivot Level: $319

First Major Resistance Level: $325

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP rallied by 5.57% on Wednesday. Following on from a 2.67% gain on Tuesday, Ripple’s XRP ended the day at $0.2437.

A bullish start to the day saw Ripple’s XRP rally to an early morning high $0.24459 before easing back.

Ripple’s XRP broke through the first major resistance level at $0.2379 before falling to an afternoon low $0.2369.

Finding late support, however, Ripple’s XRP rallied to a late intraday high $0.24988. Ripple’s XRP broke through the first major resistance level and the second major resistance level at $0.2451 before pulling back.

The late pullback saw Ripple’s XRP fall back through the second major resistance level.

At the time of writing, Ripple’s XRP was down by 1.48% to $0.24010. A bearish start to the day saw Ripple’s XRP slide from an early morning high $0.24382 to a low $0.24010.

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

XRP/USD 30/07/20 Hourly Chart

For the day ahead

Ripple’s XRP will need to move back through the $0.2412 pivot to support a run at the first major resistance level at $0.2530.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Wednesday’s high $0.25049.

Barring another broad-based crypto rally, the first major resistance level should cap any upside.

In the event of a breakout, Ripple’s XRP should test the second major resistance level at $0.2622 before any pullback.

Failure to move back through the $0.2412 pivot would bring the first major support level at $0.2320 into play.

Barring an extended crypto sell-off, Ripple’s XRP should avoid sub-$0.23 levels and the second major support level at $0.2202.

Looking at the Technical Indicators

First Major Support Level: $0.2320

Pivot Level: $0.2412

First Major Resistance Level: $0.2530

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

The Crypto Daily – Movers and Shakers – July 29th, 2020

Bitcoin, BTC to USD, fell by 1.02% on Tuesday. Following Monday’s 11.01% breakout, Bitcoin ended the day at $10,932.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $11,263 before hitting reverse.

Falling short of the first major resistance level at $11,634, Bitcoin fell to a late morning intraday low $10,590.

Steering clear of the first major support level at $10,200, Bitcoin moved back through to $11,200 levels.

A bearish end to the day, however, saw Bitcoin give up the $11,000 handle to end the day in the red.

The near-term bullish trend remained intact, supported by the latest run at $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Tuesday.

Ethereum joined Bitcoin in the red, with a 1.49% loss.

It was a bullish day for the rest of the majors, however.

Bitcoin Cash ABC and Cardano’s ADA led the way, with gains of 7.54% and 7.83% respectively.

Bitcoin Cash SV (+3.73%), EOS (+5.06%), Litecoin (+4.61%), Monero’s XMR (+3.77%), and Stellar’s Lumen (+3.66%) also found strong support.

Binance Coin (+2.27%), Ripple’s XRP (+2.67%), Tezos (+0.47%), and Tron’s TRX (+2.26%) trailed the front runners.

At the start of the week, the crypto total market cap rose from a Monday low $285.49bn to a high $335.80bn. At the time of writing, the total market cap stood at $315.11bn.

Bitcoin’s dominance rose from a Monday low 62.43% to a Tuesday high 64.57% before easing back. At the time of writing, Bitcoin’s dominance stood at 63.88%.

This Morning

At the time of writing, Bitcoin was down by 0.06% to $10,925. A mixed start to the day saw Bitcoin rise to an early morning high $10,994 before falling to a low $10,915.6.

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

Elsewhere, it was a mixed start to the day. Tezos was up by 0.10%, at the time of writing, to buck the trend.

It was a bearish start for the rest of the majors, however.

Cardano’s ADA was down by 1.85% to lead the way down.

BTC/USD 29/07/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the $10,928 pivot to support a run at the first major resistance level at $11,267.

Support from the broader market would be needed, however, for Bitcoin to break back through to $11,200 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $11,263 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,601.

Failure to move back through the $10,928 pivot level would bring the first major support level at $10,594 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer well clear of the second major support level at $10,255.

EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – July 29th, 2020

EOS

EOS rallied by 5.06% on Tuesday. Following on from a 5.07% gain on Monday, EOS ended the day at $3.0048.

It was another mixed start to the day. EOS rose to an early morning high $2.9204 before hitting reverse.

Falling short of the first major resistance level at $2.9785, EOS slid to a late morning intraday low $2.7830.

Steering clear of the first major support level at $2.6879, EOS rallied to a late intraday high $3.0799.

EOS broke through the first major resistance level at $2.9785 before easing back.

At the time of writing, EOS was up by 0.30% to $3.0137. A bullish start to the day saw EOS rise from an early morning low $3.0040 to a high $3.0191.

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

EOS/USD 29/07/20 Hourly Chart

For the day ahead

EOS would need to avoid a fall through the $2.9559 pivot level to support a run at the first major resistance level at $3.1288.

Support from the broader market would be needed, however, for EOS to break out from Tuesday’s high $3.0799.

Barring another extended crypto rally, the first major resistance level at $3.1288 would likely cap any upside.

Failure to avoid a fall through the $2.9559 pivot would bring the first major support level at $2.8319 into play.

Barring an extended sell-off, EOS should steer well clear of sub-$2.80 levels. The first major support level at $2.8319 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $2.8319

Pivot Level: $2.9559

First Major Resistance Level: $3.1288

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 1.49% on Tuesday. Partially reversing a 3.47% gain from Monday, Ethereum ended the day at $317.59.

A bullish start saw Ethereum rise to an early morning intraday high $327.34 before hitting reverse.

Falling short of the first major resistance level at $333.93, Ethereum fell to a late morning intraday low $306.29.

The pullback saw Ethereum fall through the first major support level at $310.97 before moving back to $323 levels.

A bearish end to the day, however, left Ethereum at sub-$320 levels and in the red.

At the time of writing, Ethereum was up by 0.54% to $319.29. A bullish start to the day saw Ethereum rise from an early morning low $317.52 to a high $319.50.

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

ETH/USD 29/07/20 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the $317 pivot to support a run at the first major resistance level at $327.86.

Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $327.34.

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

Failure to avoid a fall through the $317 pivot would bring the first major support level at $306.81 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$300 levels. The first major support level should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $306.81

Pivot Level: $317

First Major Resistance Level: $327.86

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 2.67% on Tuesday. Following on from a 4.33% rally on Monday, Ripple’s XRP ended the day at $0.23070.

It was a mixed start to the day, with Ripple’s XRP rising to an early morning high $0.22698 before hitting reverse.

Falling short of the first major resistance level at $0.2333, Ripple’s XRP slid to a late morning intraday low $0.21773.

Steering clear of the first major support level at $0.2127, Ripple’s XRP rallied to a late intraday high $0.23499.

Ripple’s XRP broke back through the first major resistance level at $0.2333 before sliding back to sub-$0.23 levels.

Finding late support, however, Ripple’s XRP wrapped up the day at $0.23 levels for the 1st time since March.

At the time of writing, Ripple’s XRP was up by 0.87% to $0.23271. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.23085 to a high $0.23271.

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

XRP/USD 29/07/20 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the $0.2287 pivot to support a run at the first major resistance level at $0.2379.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Tuesday’s high $0.23499.

Barring a broad-based crypto rally, the first major resistance level should cap any upside.

In the event of a breakout, Ripple’s XRP should test the second major resistance level at $0.2451 before any pullback.

Failure to avoid a fall through the $0.2278 pivot would bring the first major support level at $0.2206 into play.

Barring an extended crypto sell-off, Ripple’s XRP should avoid sub-$0.22 levels and the second major support level at $0.2105.

Looking at the Technical Indicators

First Major Support Level: $0.2206

Pivot Level: $0.2278

First Major Resistance Level: $0.2379

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

EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – July 28th 2020

EOS

EOS rallied by 5.07% on Monday. Following on from a 2.40% gain from Sunday, EOS ended the day at $2.8549.

It was a mixed start to the day. EOS rose to a mid-morning high $2.8151 before hitting reverse.

EOS broke through the first major resistance level at $2.7917 before sliding to a mid-afternoon intraday low $2.6445.

The reversal saw EOS fall through the first major support level at $2.6634 before making a move.

Finding support from the broader market, EOS rallied to a late intraday high $2.9351.

EOS broke through the first major resistance level at $2.7917 and the second major resistance level at $2.8671.

A final hour pullback saw EOS slide back through the resistance levels before recovering to $2.85 levels.

At the time of writing, EOS was up by 1.09% to $2.8859. A bullish start to the day saw EOS rise from an early morning low $2.8599 to a high $2.8878.

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

EOS/USD 28/07/20 Daily Chart

For the day ahead

EOS would need to avoid a fall through the $2.8115 pivot level to support a run at the first major resistance level at $2.9785.

Support from the broader market would be needed, however, for EOS to break out from Monday’s high $2.9351.

Barring another extended crypto rally, the first major resistance level at $XXX would likely cap any upside.

Failure to avoid a fall through the $2.8115 pivot would bring the first major support level at $2.6879 into play.

Barring an extended sell-off, EOS should steer well clear of sub-$2.60 levels. The first major support level at $2.6879 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $2.6879

Pivot Level: $2.8115

First Major Resistance Level: $2.9785

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 3.47% on Monday. Following on from a 1.90% gain on Sunday, Ethereum ended the day at $322.24.

A bullish start saw Ethereum rise from an intraday low $311.38 to an early morning high $329.99.

Ethereum broke through the first major resistance level at $320.74 before hitting reverse.

Coming up against the second major resistance level at $330.12, Ethereum fell back to $311 levels before finding support.

Through the afternoon, Ethereum rallied to a late intraday high $334.34 before sliding back to $313 levels.

Ethereum broke through the first major resistance level at $320.74 and the second major resistance level at $330.12.

Finding late support, Ethereum broke back through the first major resistance level to deliver the upside on the day.

At the time of writing, Ethereum was up by 0.85% to $324.97. A bullish start to the day saw Ethereum rise from an early morning low $322.41 to a high $325.91.

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

ETH/USD 28/07/20 Daily Chart

For the day ahead

Ethereum would need to avoid a fall through the $322.65 pivot to support a run at the first major resistance level at $333.93.

Support from the broader market would be needed, however, for Ethereum to break back through to $330 levels

Barring another extended crypto rally, the first major resistance level and Monday’s high $334.34 should cap any upside.

Failure to avoid a fall through the $322.65 pivot would bring the first major support level at $310.97 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$300 levels. The first major support level at $310.97 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $310.97

Pivot Level: $322.65

First Major Resistance Level: $333.93

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP rallied by 4.33% on Monday. Following on from a 0.28% gain on Sunday, Ripple’s XRP ended the day at $0.2248.

It was a bullish start to the day, with Ripple’s XRP rallying to a mid-day high $0.22348 before hitting reverse.

Ripple’s XRP broke through the first major resistance level at $0.2232 before sliding to a mid-afternoon intraday low $0.20919.

Finding support at the first major support level at $0.2101, Ripple’s XRP rallied to a late intraday high $0.22979.

Ripple’s XRP broke back through the first major resistance level at $0.2232 before sliding back to sub-$0.2230 levels.

Finding late support, however, Ripple’s XRP broke back through the first major resistance level to end the day at $0.224 levels.

At the time of writing, Ripple’s XRP was up by 0.75% to $0.22648. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.22429 to a high $0.22673.

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

XRP/USD 28/07/20 Daily Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the $0.2213 pivot to support a run at the first major resistance level at $0.2333.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Monday’s high $0.22979.

Barring a broad-based crypto rally, the first major resistance level should cap any upside.

In the event of a breakout, Ripple’s XRP should test the second major resistance level at $0.2419 before any pullback.

Failure to avoid a fall through the $0.2213 pivot would bring the first major support level at $0.2127 into play.

Barring an extended crypto sell-off, Ripple’s XRP should avoid sub-$0.21 levels and the second major support level at $0.2007.

Looking at the Technical Indicators

First Major Support Level: $0.2127

Pivot Level: $0.2213

First Major Resistance Level: $0.2333

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

The Crypto Daily – Movers and Shakers – July 27th, 2020

Bitcoin, BTC to USD, rose by 2.40% on Sunday. Following on from a 1.63% gain on Saturday, Bitcoin ended the week up by 7.77% to $9,948.4.

It was another mixed start to the day. Bitcoin slipped to an early morning intraday low $9,674.8 before rallying to a late morning intraday high $10,190.0.

Bitcoin broke through the day’s major resistance levels before falling back to sub-$9,900 levels.

The pullback saw Bitcoin fall back through the third major resistance level at $10,073 and the second major resistance level at $9,874.

Finding late support, however, Bitcoin broke back through the second major resistance level to end the day at $9,900 levels.

Resistance at $10,000 pinned Bitcoin back through the 2nd half of the day.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Sunday.

Monero’s XMR rallied by 6.16% to lead the way.

Cardano’s ADA (+3.43%), Ethereum (+1.90%), and Ripple’s XRP (+0.28%) also joined Bitcoin in the green.

It was a bearish day for the rest of the majors, however.

Bitcoin Cash SV (-2.93%), Litecoin (-2.21%), and Tezos (-2.22%) led the way down.

Binance Coin (-1.31%), Bitcoin Cash ABC (-1.29%), EOS (-0.60%), Stellar’s Lumen (-1.42%), and Tron’s TRX (-0.99%) also struggled.

It was also a mixed week for the majors.

Stellar’s Lumen fell by 0.99% to buck the trend for the week.

It was a bullish week for the rest of the majors, however, with Ethereum surging by 30.13% to lead the way.

Bitcoin Cash ABC (+11.20%), Cardano’s ADA (+19.80%), Litecoin (+12.77%), and Monero’s XMR (+13.35%) also found strong support.

Binance Coin (+8.66%), Bitcoin Cash SV (+9.46%), EOS (+4.88%), Ripple’s XPR (+7.80%), Tezos (+0.18%), and Tron’s TRX (+5.73%) trailed the front runners.

In the week, the crypto total market cap fell to a Monday low $262.70bn before hitting a Sunday high $305.28bn. At the time of writing, the total market cap stood at $295.57bn.

Bitcoin’s dominance rose to a Tuesday high 64.08% before sliding to a Sunday low 61.62%. At the time of writing, Bitcoin’s dominance stood at 62.40%.

This Morning

At the time of writing, Bitcoin was up by 0.55% to $10,003.0. A mixed start to the day saw Bitcoin fall to an early morning low $9,944.9 before striking a high $10,007.0.

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

Elsewhere, it was a mixed start to the day.

At the time of writing, Binance Coin and Tezos bucked the trend, with losses of 0.77% and 1.30% respectively.

It was a bullish start for the rest of the majors.

Ethereum was up by 1.79% to lead the way early on.

BTC/USD 27/07/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,938 pivot to support a run at the first major resistance level at $10,201.

Support from the broader market would be needed, however, for Bitcoin to break back through to $10,100 levels.

Barring another extended crypto rally, the first major resistance level and Sunday’s high $10,190 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $10,453.

Failure to avoid a fall through the $9,938 pivot level would bring the first major support level at $9,686 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer well clear of the second major resistance level at $9,423.

EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – July 27th 2020

EOS

EOS fell by 0.60% on Sunday. Partially reversing a 4.99% rally from Saturday, EOS ended the week up by 4.88% to $2.7164.

It was a mixed start to the day. EOS fell to an early morning low $2.7068 before making a move.

Steering clear of the first major support level at $2.6367, EOS rallied to a late morning intraday high $2.8141.

EOS broke through the first major resistance level at $2.7880 before falling to a mid-day intraday low $2.6858.

Holding above the major support levels, EOS briefly revisited $2.74 levels before falling back into the red.

At the time of writing, EOS was up by $0.07% to $2.7184. A bullish start to the day saw EOS rise from an early morning low $2.7172 to a high $2.7237.

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

EOS/USD 27/07/20 Hourly Chart

For the day ahead

EOS would need to move through the $2.7388 pivot level to support a run at the first major resistance level at $2.7917.

Support from the broader market would be needed, however, for EOS to break out from $2.75 levels.

Barring an extended crypto rally, the first major resistance level likely cap any upside.

Failure to move through the $2.7388 pivot would bring the first major support level at $2.6634 into play.

Barring another extended sell-off, EOS should steer clear of sub-$2.60 levels. The second major support level at $2.6105 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $2.6634

Pivot Level: $2.7388

First Major Resistance Level: $2.7917

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 1.90% on Sunday. Following on from Saturday’s 9.30% rally, Ethereum ended the week up by 30.13% to $311.35.

A bearish start saw Ethereum fall to an early morning intraday low $300.21 before making a move.

Steering well clear of the first major support level at $286.85, Ethereum rallied to a late morning intraday high $319.86.

Ethereum broke through the first major resistance levels at $317.23 before falling back to $301 levels.

Finding late support, Ethereum broke back through to $314 levels before easing back.

At the time of writing, Ethereum was up by 0.21% to $312.01. A bullish start to the day saw Ethereum rise from an early morning low $311.38 to a high $312.72.

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

ETH/USD 27/07/20 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the $310.40 pivot to support a run at the first major resistance level at $320.74.

Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $319.86.

Barring another extended crypto rally, the first major resistance level should cap any upside.

Failure to avoid a fall through the $310.50 pivot would bring the first major support level at $301.09 into play.

Barring an extended sell-off, however, Ethereum should steer clear of the second major support level at $290.82.

Looking at the Technical Indicators

First Major Support Level: $301.09

Pivot Level: $310.50

First Major Resistance Level: $320.74

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 0.28% on Sunday. Following on from a 5.23% rally from Saturday, Ripple’s XRP ended the week up by 7.80% to $0.21551.

It was a mixed start to the day. Ripple’s XRP slipped to an early morning low $0.21313 before striking a late morning intraday high $0.22540.

Ripple’s XRP broke through the first major resistance level at $0.2206 before sliding to a mid-day intraday low $0.21237.

Steering clear of the first major support level at $0.2067, Ripple’s XRP revisited $0.2190 levels before easing back.

At the time of writing, Ripple’s XRP was up by 0.25% to $0.21605. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.21526 before striking a high $0.21608.

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

XRP/USD 27/07/20 Hourly Chart

For the day ahead

Ripple’s XRP will need to move through the $0.2178 pivot to support a run at the first major resistance level at $0.2232.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from $0.2200 levels.

Barring a broad-based crypto rally, the first major resistance level and Sunday’s high $0.2254 should cap any upside.

In the event of a breakout, Ripple’s XRP should test the second major resistance level at $0.2308 before any pullback.

Failure to move through the $0.2178 pivot would bring the first major support level at $0.2101 into play.

Barring an extended crypto sell-off, Ripple’s XRP should avoid sub-$0.21 levels and the second major support level at $0.2047.

Looking at the Technical Indicators

First Major Support Level: $0.2101

Pivot Level: $0.2178

First Major Resistance Level: $0.2232

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

The Crypto Daily – Movers and Shakers – July 26th, 2020

Bitcoin, BTC to USD, rose by 1.63% on Saturday. Reversing a 0.58% loss from Friday, Bitcoin ended the day at $9,714.9.

It was bullish day, with Bitcoin rallying from an early morning intraday low $9,555.5 to a late intraday high $9,754.5.

Bitcoin broke through the first major resistance level at $9,645.5 and second major resistance level at $9,731.9 before easing back.

A late pullback saw Bitcoin fall back to sub-$9,700 levels before wrapping up the day at $9,700 levels.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Saturday.

Cardano’s ADA rallied by 17.76% to lead the way.

Bitcoin Cash ABC (+6.00%), Bitcoin Cash SV (+7.59%), Ethereum (+9.30%), and Litecoin (+11.43%) also made strong gains.

Binance Coin (+3.38%), EOS (+4.99%), Monero’s XMR (+2.55%), Ripple’s XRP (+5.23%), Stellar’s Lumen (+4.71%), Tezos (+0.89%), and Tron’s TRX (+3.98%) trailed the front runners.

In the current week, the crypto total market cap fell to a Monday low $262.70bn before hitting a Saturday high $291.48bn. At the time of writing, the total market cap stood at $287.68bn.

Bitcoin’s dominance rose to a Tuesday high 64.08% before sliding to a Saturday low 61.70%. At the time of writing, Bitcoin’s dominance stood at 62.07%.

This Morning

At the time of writing, Bitcoin was down by 0.19% to $9,696.5. A mixed start to the day saw Bitcoin rise to an early morning high $9,722.8 before falling to a low $9,690.4.

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

Elsewhere, it was a mixed start to the day.

At the time of writing, Bitcoin Cash ABC (+0.92%) and Bitcoin Cash SV (+0.33%) bucked the trend early on.

It was a bearish start for the rest of the majors, however.

Stellar’s Lumen was down by 1.35% to lead the way down early on.

https://www.tradingview.com/x/ztgae3yU/

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,675 pivot to support a run at the first major resistance level at $9,794.

Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $9,754.5.

Barring another extended crypto rally, the first major resistance level and Saturday’s high would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,874 and resistance at $10,000. The third major resistance level sits at $10,073.

Failure to avoid a fall through the $9,675 pivot level would bring the first major support level at $9,595 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major resistance level at $9,476.

The Crypto Daily – Movers and Shakers – July 25th, 2020

Bitcoin, BTC to USD, fell by 0.58% on Friday. Reversing a 0.60% gain from Thursday, Bitcoin ended the day at $9,559.1.

It was a bearish start to the day. Bitcoin fell to a mid-morning intraday low $9,469.7 before making a move.

The pullback saw Bitcoin fall through the first major support level at $9,498.20.

Finding support through the afternoon, Bitcoin rallied to a late intraday high $9,644.0 before hitting reverse.

Falling short of the first major resistance level at $9,708.6, Bitcoin fell back to sub-$9,600 levels to end the day in the red.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Friday.

Binance Coin (+2.24%), Ethereum (+1.46%), and Tron’s TRX (+0.16%) bucked the trend on the day.

It was a bearish day for the rest of the majors, however.

Tezos slid by 5.00% to lead the way down.

Bitcoin Cash SV (-2.47%), EOS (-1.99%), Ripple’s XRP (-2.07%), and Stellar’s Lumen (-2.98%) also struggled.

Bitcoin Cash ABC (-0.55%), Cardano’s ADA (-1.78%), Litecoin (-1.82%), and Monero’s XMR (-1.74%) saw relatively modest losses.

In the current week, the crypto total market cap fell to a Monday low $262.70bn before hitting a Thursday high $286.03bn. At the time of writing, the total market cap stood at $280.82bn.

Bitcoin’s dominance rose to a Tuesday high 64.08% before sliding to a Friday low 62.46%. At the time of writing, Bitcoin’s dominance stood at 62.76%.

This Morning

At the time of writing, Bitcoin was up by 0.10% to $9,568.6. A bullish start to the day saw Bitcoin rise from an early morning low $9,559.0 to a high $9,572.5

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash ABC (-0.22%), Bitcoin Cash SV (-0.19%), and Monero’s XMR (-0.04%) saw red to buck the trend early on.

It was a bullish start to the day for the rest of the majors, however.

At the time of writing, Cardano’s ADA was up by 2.22% to lead the way.

BTC/USD 25/07/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,558 pivot to support a run at the first major resistance level at $9,646.

Support from the broader market would be needed, however, for Bitcoin to break back through to $9,600 levels.

Barring an extended crypto rally, the first major resistance level and Friday high $9,644 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,732 before any pullback.

Failure to avoid a fall through the $9,558 pivot level would bring the first major support level at $9,471 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major resistance level at $9,383.

EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – July 25th, 2020

EOS

EOS fell by 1.99% on Friday. Following on from a 0.43% decline on Thursday, EOS ended the day at $2.6000.

It was a bearish start to the day. EOS slid from an early morning intraday high $2.6528 to a mid-morning intraday low $2.5672.

The sell-off saw EOS fall through the first major support level at $2.6275 and second major support level at $2.5985.

Finding support late in the day, EOS broke back through the support levels to revisit $2.63 levels before sliding back.

The late pullback saw EOS fall back through the first major support level to end the day in the deep red.

At the time of writing, EOS was up by 0.12% to $2.6032. A bullish start to the day saw EOS rise from an early morning low $2.6003 to a high $2.6049.

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

EOS/USD 25/07/20 Daily Chart

For the day ahead

EOS would need to move through the $2.6067 pivot level to support a run at the first major resistance level at $2.6461.

Support from the broader market would be needed, however, for EOS to break back through to $2.65 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $2.6582 would likely cap any upside.

Failure to move through the $2.6067 pivot would bring the first major support level at $2.5605 into play.

Barring another extended sell-off, EOS should steer clear of sub-$2.50 levels. The second major support level at $2.5211 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $2.5605

Pivot Level: $2.6067

First Major Resistance Level: $2.6461

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 1.46% on Friday. Following on from a 4.31% rally on Thursday, Ethereum ended the day at $279.59.

Tracking the broader market, Ethereum fell to a mid-morning intraday low $268.39 before making a move.

Steering well clear of the first major support level at $262.99, Ethereum rallied to a late intraday high $287.8.

Ethereum broke through the first major resistance levels at $285.49 before falling back to sub-$280 levels.

At the time of writing, Ethereum was up by 0.43% to $280.78. A bullish start to the day saw Ethereum rise from an early morning low $279.62 to a high $281.00.

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

ETH/USD 25/07/20 Daily Chart

For the day ahead

Ethereum would need to avoid a fall through the $278.59 pivot to support a run at the first major resistance level at $288.80.

Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $287.8.

Barring another extended crypto rally, the first major resistance level should cap any upside.

Failure to avoid a fall through the $278.59 pivot would bring the first major support level at $269.39 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$260 levels. The second major support level sits at $259.18.

Looking at the Technical Indicators

First Major Support Level: $269.39

Pivot Level: $278.59

First Major Resistance Level: $288.80

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP slid by 2.07% on Friday. Reversing a 2.30% gain from Thursday, Ripple’s XRP ended the day at $0.20445.

It was a bearish start to the day. Ripple’s XRP slid from an early morning intraday high $0.20882 to a mid-morning intraday low $0.20212.

The reversal saw Ripple’s XRP fall through the first major support level at $0.2036 before finding support.

Ripple’s XRP moved back through to $0.20775 late in the day before falling back into the deep red.

The first major support level limited the downside late in the day.

At the time of writing, Ripple’s XRP was up by 0.09% to $0.20463. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.20401 before striking a high $0.20468.

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

XRP/USD 25/07/20 Daily Chart

For the day ahead

Ripple’s XRP will need to move through the $0.2050 pivot to support a run at the first major resistance level at $0.2081.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from $0.2050 levels.

Barring a broad-based crypto rally, the first major resistance level and Friday’s high $0.20882 should cap any upside.

In the event of a breakout, Ripple’s XRP should test the second major resistance level at $0.2118 before any pullback.

Failure to move through the $0.2050 pivot would bring the first major support level at $0.2014 into play.

Barring an extended crypto sell-off, Ripple’s XRP should avoid the second major support level at $0.1984.

Looking at the Technical Indicators

First Major Support Level: $0.2014

Pivot Level: $0.2050

First Major Resistance Level: $0.2081

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

The Crypto Daily – The Movers and Shakers – July 24th, 2020

Bitcoin, BTC to USD, rose by 0.60% on Thursday. Following on from a 1.65% rally on Wednesday, Bitcoin ended the day at $9,615.0.

It was a bearish first half of the day. Bitcoin fell to an early afternoon intraday low $9,475.0 before making a move.

Steering clear of the first major support level at $9,361, Bitcoin rallied to a late afternoon intraday high $9,685.4.

Bitcoin came within range of the first major resistance level at $9,698.4 before falling back to sub-$9,600 levels.

Finding late support, however, Bitcoin moved back through to $9,600 levels to deliver the upside on the day.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Thursday.

Binance Coin and Ethereum rallied by 3.64% and by 4.31% respectively to lead the way.

Bitcoin Cash SV (+0.02%), Cardano’s ADA (+0.38%), Monero’s XMR (+2.54%), Ripple’s XRP (+2.30%), Stellar’s Lumen (+0.88%), and Tezos (+2.54%) also found support.

Bitcoin Cash ABC (-0.48%), EOS (-0.43%), Litecoin (-0.18%), and Tron’s TRX (-0.48%) bucked the trend on the day.

In the current week, the crypto total market cap fell to a Monday low $262.70bn before rising to a Thursday high $286.03bn. At the time of writing, the total market cap stood at $281.11n.

Bitcoin’s dominance rose to a Tuesday high 64.08% before sliding to a Thursday low 62.47. At the time of writing, Bitcoin’s dominance stood at 62.93%.

This Morning

At the time of writing, Bitcoin was down by 0.24% to $9,592.0. A bearish start to the day saw Bitcoin fall from an early morning high $9,615.5 to a low $9,585.7.

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

Elsewhere, it was another mixed start to the day. At the time of writing, Binance Coin was up by 0.04% to buck the trend.

It was a bearish start for the rest of the majors, with Tezos down by 1.36% to lead the way down.

BTC/USD 24/07/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the $9,592 pivot to support a run at the first major resistance level at $9,709.

Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $9,685.4.

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

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,802.2 before any pullback.

Failure to avoid a fall back through the $9,592 pivot level would bring the first major support level at $9,500 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer well clear of sub-$9,300 levels. The second major resistance level at $9,381.4 should limit any downside.

EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – July 24th, 2020

EOS

EOS fell by 0.43% on Thursday. Partially reversing a 1.55% gain from Wednesday, EOS ended the day at $2.6565.

It was a mixed start to the day. EOS rose to an early morning high $2.6888 before falling to an early afternoon intraday low $2.6323.

Steering clear of the major support and resistance levels, EOS rallied to a mid-afternoon intraday high $2.6951.

EOS came within range of the first major resistance level at $2.6996 before sliding back to sub-$2.65 levels.

Finding late support, however, EOS moved back through to $2.65 levels to limit the loss on the day.

At the time of writing, EOS was down by 0.14% to $2.6528. A bearish start to the day saw EOS fall from an end of Thursday $2.6565 to $2.6528 at the start of the day.

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

EOS/USD 24/07/20 Daily Chart

For the day ahead

EOS would need to move through the $2.6613 pivot level to support a run at the first major resistance level at $2.6903.

Support from the broader market would be needed, however, for EOS to break back through to $2.69 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $2.6951 would likely cap any upside.

Failure to move through the $2.6613 pivot would bring the first major support level at $2.6275 into play.

Barring an extended sell-off, EOS should steer clear of sub-$2.60 levels. The second major support level sits at $2.5985.

Looking at the Technical Indicators

First Major Support Level: $2.6275

Pivot Level: $2.6613

First Major Resistance Level: $2.6903

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 4.31% on Thursday. Following on from Wednesday’s 7.53% rally, Ethereum ended the day at $275.68.

Tracking the broader market, Ethereum fell to a mid-morning intraday low $260.10 before making a move.

Steering well clear of the first major support level at $247.44, Ethereum rallied to a late afternoon intraday high $282.60.

Ethereum broke through the first major resistance levels at $275.31 before falling back to $271 levels.

Finding late support, Ethereum moved back through to $275 levels, with the first major resistance level capping the upside.

At the time of writing, Ethereum was down by 0.35% to $274.72. A mixed start to the day saw Ethereum rise to an early morning high $275.64 before falling to a low $274.62.

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

ETH/USD 24/07/20 Daily Chart

For the day ahead

Ethereum would need to avoid a fall through the $272.79 pivot to support a run at the first major resistance level at $285.49.

Support from the broader market would be needed, however, for Ethereum to break out from Thursday’s high $282.60.

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

Failure to avoid a fall through the $272.79 pivot would bring the first major support level at $262.99 into play.

Barring an extended sell-off, however, Ethereum should steer clear of the 23.6% FIB of $257.

Looking at the Technical Indicators

First Major Support Level: $262.99

Pivot Level: $272.79

First Major Resistance Level: $285.49

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 2.30% on Thursday. Following on from a 2.06% gain on Wednesday, Ripple’s XRP ended the day at $2.0881.

It was a mixed start to the day. Ripple’s XRP rose to an early morning high $0.20591 before hitting reverse.

Falling short of the major resistance levels, Ripple’s XRP fell to a mid-morning intraday low $0.20208 before making a move.

Steering clear of the first major support level at $0.1987, Ripple’s XRP struck a late afternoon intraday high $0.21096.

Ripple’s XRP broke through the first major resistance level at $0.2073 and the second major resistance level at $0.2105.

A late pullback saw Ripple’s XRP fall back through the major resistance levels before returning to $0.208 levels.

At the time of writing, Ripple’s XRP was down by 0.21% to $0.20837. A mixed start to the day saw Ripple’s XRP fall rise to an early morning high $0.20882 before falling to a low $0.20837

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

XRP/USD 24/07/20 Daily Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the $0.2073 pivot to support a run at the first major resistance level at $0.2125.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Thursday’s high $0.21096.

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

In the event of a breakout, Ripple’s XRP should test the second major resistance level at $0.2162 before any pullback.

Failure to avoid a fall through the $0.2073 pivot would bring the first major support level at $0.2036 into play.

Barring an extended crypto sell-off, Ripple’s XRP should avoid the second major support level at $0.1984.

Looking at the Technical Indicators

First Major Support Level: $0.2036

Pivot Level: $0.2073

First Major Resistance Level: $0.2125

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

EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – July 23rd, 2020

EOS

EOS rose by 1.55% on Wednesday Following on from a 2.32% gain from Tuesday, EOS ended the day at $2.6684

It was a bearish start to the day. EOS slid from an early morning high $2.6278 to a mid-morning intraday low $2.5857.

Steering clear of the major resistance levels, EOS fell through the first major support level at $2.5798 before finding support.

Finding support in the 2nd half of the day, EOS rallied to a late intraday high $ $2.6738 before easing back.

EOS broke through the first major resistance level at $2.6563 to wrap up the day at $2.66 levels.

At the time of writing, EOS was up by 0.08% to $2.6705. A mixed start to the day saw EOS rise to an early morning high $2.6706 before falling to a low $2.6654.

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

EOS/USD 23/07/20 Daily Chart

For the day ahead

EOS would need to avoid a fall through the $2.6426 pivot level to support a run at the first major resistance level at $2.6996.

Support from the broader market would be needed, however, for EOS to break out from Wednesday’s high $2.6738.

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

Failure to avoid a fall through the $2.6426 pivot would bring the first major support level at $2.6115 into play.

Barring an extended sell-off, EOS should steer clear of sub-$2.60 levels. The second major support level sits at $2.5545.

Looking at the Technical Indicators

First Major Support Level: $2.6115

Pivot Level: $2.6426

First Major Resistance Level: $2.6996

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 7.53% on Wednesday. Following on from a 4.13% rally on Tuesday, Ethereum ended the day at $264.28.

Tracking the broader market, Ethereum fell to a mid-morning intraday low $241.62 before making a move.

Steering clear of the first major support level at $238.71, Ethereum rallied to a late intraday high $269.49.

Ethereum broke through the day’s major resistance levels. A late pullback saw Ethereum fall back through the third major resistance level at $265.76.

More importantly, Ethereum broke through the 23.6% FIB of $257.

At the time of writing, Ethereum was up by 0.06% to $264.43. A mixed start to the day saw Ethereum fall to an early morning low $263.57 before rising to a high $264.78.

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

ETH/USD 23/07/20 Daily Chart

For the day ahead

Ethereum would need to avoid a fall through the $258.46 pivot to support a run at the first major resistance level at $275.31.

Support from the broader market would be needed, however, for Ethereum to break out from Wednesday’s high $269.49.

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

Failure to avoid a fall through the $258.46 pivot would bring the 23.6% FIB of $257 into play.

Barring an extended sell-off, however, Ethereum should steer clear of the first major support level at $247.44. The second major support level sits at $230.59.

Looking at the Technical Indicators

First Major Support Level: $247.44

Pivot Level: $258.46

First Major Resistance Level: $275.31

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 2.06% on Wednesday. Following on from a 2.53% gain on Tuesday, Ripple’s XRP ended the day at $0.20408.

It was a bearish start to the day. Ripple’s XRP fell to a mid-morning intraday low $0.19649 before making a move.

Steering clear of the first major support level at $0.1956, Ripple’s XRP struck a late intraday high $0.20510.

Ripple’s XRP broke through the first major resistance level at $0.2028 to end the day at $0.2040 levels.

At the time of writing, Ripple’s XRP was up by 0.50% to $0.20510. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.20382 to a high $0.20510.

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

XRP/USD 23/07/20 Daily Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the $0.2020 pivot to support a run at the first major resistance level at $0.2073.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Wednesday’s high $0.2051.

Barring a broad-based crypto rally, the first major resistance level should cap any upside.

In the event of a breakout, Ripple’s XRP should test the second major resistance level at $0.2105 before any pullback.

Failure to avoid a fall through the $0.2020 pivot would bring the first major support level at $0.1987 into play.

Barring an extended crypto sell-off, Ripple’s XRP should avoid the second major support level at $0.1933.

Looking at the Technical Indicators

First Major Support Level: $0.1987

Pivot Level: $0.2020

First Major Resistance Level: $0.2073

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