EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 29/05/20

EOS

EOS rose by 1.67% on Thursday. Following on from a 2.49% gain on Wednesday, EOS ended the day at $2.6146.

A bearish start to the day saw EOS fall to a late morning intraday low $2.5202 before making a move.

EOS fell through the first major support level at $2.5245 before rallying to a final hour intraday high $2.6269.

EOS broke through the first major resistance level at $2.5935 and the second major resistance level at $2.6181 before pulling back.

The pullback saw EOS fall back through the second major resistance level.

At the time of writing, EOS was up by 1.56% to $2.6555. A mixed start to the day saw EOS rise from a low $2.6146 to an early morning high $2.6747.

EOS broke through the first major resistance level at $2.6543 early on.

EOS/USD 29/05/20 Daily Chart

For the day ahead

EOS would need to hold above the first major resistance level at $2.6543 to bring the second major resistance level at $2.6939 into play.

Support from the broader market would be needed, however, for EOS to break out from the morning high $2.6747.

Barring an extended crypto rally, resistance at $2.70 would likely leave EOS short of the second major resistance level.

Failure to hold above the first major resistance level could see EOS hit reverse.

A fall through the morning low $2.6146 to sub-$2.60 levels would bring the first major support level at $2.5476 into play.

Barring an extended crypto sell-off, however, EOS should steer clear of sub-$2.60 levels on the day.

Looking at the Technical Indicators

Major Support Level: $2.5476

Major Resistance Level: $2.6543

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 5.77% on Thursday. Following on from a 3.75% gain on Wednesday, Ethereum ended the day at $220.44.

A bearish start to the day saw Ethereum fall to a late morning intraday low $204.50 before making a move.

Steering clear of the first major support level at $203.29, Ethereum rallied to a final hour intraday high $220.68.

Ethereum broke through the first major resistance level at $211.01 and the second major resistance level at $213.60.

At the time of writing, Ethereum was up by 0.62% to $221.80. A mixed start to the day saw Ethereum rise to an early morning high $224.84 before falling to a low $220.25.

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

ETH/USD 29/05/20 Daily Chart

For the day ahead

Ethereum would need to avoid sub-$215.20 levels to bring the first major resistance level at $225.91 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $224.84.

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

Failure to avoid sub-$215.20 levels could see Ethereum hit reverse.

A fall through the morning low $220.25 to sub-$215.20 levels would bring the first major support level at $209.73 into play.

Barring an extended crypto sell-off, however, Ethereum should steer well clear of the second major support level at $199.03.

Looking at the Technical Indicators

Major Support Level: $209.73

Major Resistance Level: $225.91

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 1.37% on Thursday.  Following on from a 2.19% gain on Wednesday, Ripple’s XRP ended the day at $0.20082.

Tracking the broader market, Ripple’s XRP fell to a late morning intraday low $0.19509 before finding support.

Steering clear of the first major support level at $0.1943, Ripple’s XRP rallied to a final hour intraday high $0.20142.

Ripple’s XRP broke through the first major resistance level at $0.2015 and second major resistance level at $0.2049 before pulling back.

The pullback saw Ripple’s XRP fall back through the major resistance levels to limit the upside on the day.

At the time of writing, Ripple’s XRP was down by 0.27% to $0.20027. A choppy start to the day saw Ripple’s XRP jump to an early morning high $0.20340 before falling to a low $0.19988.

Ripple’s XRP tested the first major resistance level at $0.2031 early on.

XRP/USD 29/05/20 Daily Chart

For the day ahead

Ripple’s XRP will need to avoid sub-$0.1990 levels to support another run at the first major resistance level at $0.2031.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.2030 levels

Barring a broad-based crypto rebound, the first major resistance level and morning high would likely limit any upside.

Failure to avoid sub-$0.1990 levels could see Ripple’s XRP fall deeper into the red.

A fall through the morning low to sub-$0.1990 levels would bring the first major support level at $0.1968 into play.

Barring another crypto meltdown, however, Ripple’s XRP should steer well clear of the second major support level at $0.1928.

Looking at the Technical Indicators

Major Support Level: $0.1968

Major Resistance Level: $0.2031

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 – 28/05/20

EOS

EOS rose by 2.49% on Wednesday. Reversing a 0.76% decline from Tuesday, EOS ended the day at $2.5689.

A bullish start to the day saw EOS rally from an early morning intraday low $2.5047 to a late morning intraday high $2.5724.

EOS broke through the first major resistance level at $2.5403 before sliding back.

Coming within range of the second major resistance level at $2.5735, EOS fell back to sub-$2.54 levels before finding support.

Through the late part of the day, EOS found support from the broader market to wrap up the day at $2.56 levels.

At the time of writing, EOS was down by 0.16% to $2.5647. A bearish start to the day saw EOS rise to an early morning high $2.5716 before sliding to a low $2.5566.

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

EOS/USD 28/05/20 Daily Chart

For the day ahead

EOS would need to avoid sub-$2.55 levels to bring the first major resistance level at $2.5935 into play.

Support from the broader market would be needed, however, for EOS to break out from Wednesday’s high $2.5737.

Barring a broad-based crypto rally, resistance at $2.58 would likely leave EOS short of the major first resistance level.

Failure to avoid sub-$2.55 levels could see EOS slide deeper into the red.

A fall through the morning low to sub-$2.55 levels would bring the first major support level at $2.5245 into play.

Barring an extended crypto sell-off, however, EOS should steer clear of the second major support level at $2.4801.

Looking at the Technical Indicators

Major Support Level: $2.5245

Major Resistance Level: $2.5935

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 3.75% on Wednesday. Reversing a 1.58% fall from Tuesday, Ethereum ended the day at $208.41.

A bullish start to the day saw Ethereum rally from an early morning intraday low $200.76 to a mid-day high $207.75.

Ethereum broke through the first major resistance level at $205.08 before pulling back to a low $205.10.

Finding support at the first major resistance level, Ethereum rallied to a final hour intraday high $208.48.

In spite of the late rally, Ethereum came up short of the second major resistance level at $209.24.

At the time of writing, Ethereum was down by 0.29% to $207.80. A bearish start to the day saw Ethereum fall from an early morning high $208.50 to a low $207.20.

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

ETH/USD 28/05/20 Daily Chart

For the day ahead

Ethereum would need to avoid sub-$206 levels to bring the first major resistance level at $211.01 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $208.50.

Barring an extended crypto rally, resistance at $210 would likely leave Ethereum short of the first major resistance level.

Failure to avoid sub-$206 levels could see Ethereum fall deeper into the red.

A fall through the morning low $207.20 to sub-$206 levels would bring the first major support level at $203.29 into play.

Barring an extended crypto sell-off, however, Ethereum should steer well clear of the second major support level at $198.16.

Looking at the Technical Indicators

Major Support Level: $203.29

Major Resistance Level: $211.01

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 2.19% on Wednesday. Reversing a 1.20% fall from Tuesday, Ripple’s XRP ended the day at $0.19810.

Tracking the broader market, Ripple’s XRP rallied from an early morning intraday low $0.19385 to a late morning intraday high $0.20109.

Ripple’s XRP broke through the first major resistance level at $0.1965 and the second major resistance level at $0.1993.

Coming up short of the third major resistance level at $0.2047, Ripple’s XRP fell back through the major resistance levels to a low $0.19613.

Finding support late in the day, Ripple’s XRP broke back through the first major resistance level to wrap up the day at $0.1980 levels.

At the time of writing, Ripple’s XRP was down by 0.21% to $0.19769. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.19810 to a low $0.19706.

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

XRP/USD 28/05/20 Daily Chart

For the day ahead

Ripple’s XRP will need to move through to $0.1980 levels to support a run at the first major resistance level at $0.2015.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Wednesday’s high $0.20109 levels.

Barring a broad-based crypto rebound, the first major resistance level and Wednesday’s high $0.20109 would likely limit any upside.

Failure to move through to $0.1980 levels could see Ripple’s XRP fall deeper into the red.

A fall through back through the morning low $0.19706 would bring the first major support level at $0.1943 into play.

Barring another crypto meltdown, however, Ripple’s XRP should steer well clear of the second major support level at $0.1904.

Looking at the Technical Indicators

Major Support Level: $0.1943

Major Resistance Level: $0.2015

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 – 27/05/20

EOS

EOS fell by 0.76% on Tuesday. Partially reversing a 1.50% gain from Monday, EOS ended the day at $2.5070.

A mixed start to the day saw EOS rise to an early morning intraday high $2.5334 before hitting reverse.

Falling short of the first major resistance level at $2.5640, EOS slid to a late afternoon intraday low $2.4600.

EOS fell through the first major resistance level at $2.4679 before finding support to wrap up the day at $2.50 levels.

At the time of writing, EOS was up by 0.52% to $2.5202. A mixed start to the day saw EOS fall to an early morning low $2.5047 before striking a high $2.5233.

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

EOS/USD 27/05/20 Daily Chart

For the day ahead

EOS would need to move back through to $2.53 levels to bring the first major resistance level at $2.5403 into play.

Support from the broader market would be needed, however, for EOS to break out from Tuesday’s high $2.5334.

Barring a broad-based crypto rally, the major first resistance level would likely limit any upside on the day.

Failure to move back through to $2.53 levels could see EOS slide back into the red.

A fall through the morning low to sub-$2.50 levels would bring the first major support level at $2.4669 into play.

Barring an extended crypto sell-off, however, EOS should steer clear of the second major support level at $2.4267.

Looking at the Technical Indicators

Major Support Level: $2.4669

Major Resistance Level: $2.5403

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 1.58% on Tuesday. Partially reversing a 2.22% gain from Monday, Ethereum ended the day at $200.91.

A mixed start to the day saw Ethereum rise to an early morning intraday high $205.03 before hitting reverse.

Falling short of the first major resistance level at $207.18, Ethereum fell to a late afternoon intraday low $196.65.

The reversal saw Ethereum fall through the first major support level at $199.48 before finding support.

Steering clear of the second major support level at $194.89, Ethereum recovered to $202 levels before easing back.

At the time of writing, Ethereum was up by 0.55% to $202.02. A mixed start to the day saw Ethereum fall to an early morning low $200.76 before striking a high $202.44.

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

ETH/USD 27/05/20 Daily Chart

For the day ahead

Ethereum would need to avoid sub-$201 levels to bring the first major resistance level at $205.08 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $202.44.

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

Failure to avoid sub-$201 levels could see Ethereum slide into the red.

A fall through the morning low $200.76 levels would bring the first major support level at $196.70 into play.

Barring an extended crypto sell-off, however, Ethereum should steer well clear of the second major support level at $192.48.

Looking at the Technical Indicators

Major Support Level: $196.70

Major Resistance Level: $205.08

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 1.20% on Tuesday. Partially reversing a 1.90% gain from Monday, Ripple’s XRP ended the day at $0.19359.

A bullish start to the day saw Ripple’s XRP rise to an early morning intraday high $0.19680 before hitting reverse.

Falling short of the first major resistance level at $0.1991, Ripple’s XRP slid to a late afternoon intraday low $0.19142.

Steering clear of the first major support level at $0.1912, Ripple’s XRP recovered to $0.1950 levels before easing back.

At the time of writing, Ripple’s XRP was up by 0.70% to $0.19495. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.19385 to a high $0.19510.

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

XRP/USD 27/05/20 Daily Chart

For the day ahead

Ripple’s XRP will need to avoid sub-$0.1940 levels to support a run at the first major resistance level at $0.1965.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.19510.

Barring a broad-based crypto rally, the first major resistance level would likely continue to leave Ripple’s XRP short of $0.20 levels.

Failure to avoid sub-$0.1940 levels could see Ripple’s XRP hit reverse.

A fall through to sub-$0.1940 levels would bring the first major support level at $0.1911 into play.

Barring another crypto meltdown, however, Ripple’s XRP should steer well clear of the second major support level at $0.1886.

Looking at the Technical Indicators

Major Support Level: $0.1911

Major Resistance Level: $0.1965

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 – 26/05/20

EOS

EOS rose by 1.50% on Monday. Partially reversing a 2.84% fall from Sunday, EOS ended the day at $2.5249.

A bearish start to the day saw EOS fall to an early morning intraday low $2.4500 before making a move.

Holding above the first major support level at $2.4477, EOS rose to a late morning intraday high $2.5461.

Falling well short of the first major resistance level at $2.5678, EOS fell back to sub-$2.50 levels by late morning.

Finding support through the 2nd half of the day, however, Litecoin moved back through to $5.3 levels before easing back.

At the time of writing, EOS was down by 0.47% to $2.5131. A mixed start to the day saw EOS rise to an early morning high $2.5328 before falling to a low $2.5125.

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

EOS/USD 26/05/20 Daily Chart

For the day ahead

EOS would need to move back through to $2.53 levels to bring the first major resistance level at $2.5640 into play.

Support from the broader market would be needed, however, for EOS to break out from Monday’s high $2.5461.

Barring a broad-based crypto rally, the major first resistance level would likely limit any upside on the day.

Failure to move back through to $2.53 levels could see EOS slide deeper into the red.

A fall through the morning low to sub-$2.5070 levels would bring the first major support level at $2.4679 into play.

Barring an extended crypto sell-off, however, EOS should steer clear of the second major support level at $2.4109.

Looking at the Technical Indicators

Major Support Level: $2.4679

Major Resistance Level: $2.5640

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 2.22% on Monday. Partially reversing a 3.38% slide from Sunday, Ethereum ended the day at $204.06.

A bearish start to the day saw Ethereum slide to an early morning intraday low $198.01 before making a move.

Steering clear of the first major support level at $195.73, Ethereum rose to an early evening intraday high $205.71.

Falling short of the first major resistance level at $207.10, Ethereum eased back to wrap up the day at $204 levels.

At the time of writing, Ethereum was down by 0.08% to $203.90. A mixed start to the day saw Ethereum rise to an early morning high $204.75 before falling to a low $203.60.

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

ETH/USD 26/05/20 Daily Chart

For the day ahead

Ethereum would need to move through to $205 levels to bring the first major resistance level at $207.18 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $205.71.

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

Failure to move through to $205 levels could see Ethereum slide deeper into the red.

A fall through the morning low to sub-$202.60 levels would bring the first major support level at $199.48 into play.

Barring an extended crypto sell-off, however, Ethereum should steer well clear of the second major support level at $194.89.

Looking at the Technical Indicators

Major Support Level: $199.48

Major Resistance Level: $207.18

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 1.90% on Monday. Partially reversing a 3.27% fall from Sunday, Ripple’s XRP ended the day at $0.19614.

Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.18928 before finding support.

Coming within range of the first major support level at $0.1892, Ripple’s XRP rose to a final hour intraday high $0.19716.

Falling short of the first major resistance level at $0.1985, Ripple’s XRP eased back to $0.1961 levels at the day end.

At the time of writing, Ripple’s XRP was down by 0.22% to $0.19571. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.19680 before falling to a low $0.19570.

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

XRP/USD 26/05/20 Daily Chart

For the day ahead

Ripple’s XRP will need to avoid sub-$0.1940 levels to support a run at the first major resistance level at $0.1991.

Support from the broader market would be needed, however, for Ripple’s XRP to break out Monday’s high $0.19716.

Barring a broad-based crypto rebound, the first major resistance level would likely leave Ripple’s XRP short of $0.20 levels.

Failure to avoid sub-$0.1940 levels could see Ripple’s XRP fall deeper into the red.

A fall through to sub-$0.1940 levels would bring the first major support level at $0.1912 into play.

Barring another crypto meltdown, however, Ripple’s XRP should steer well clear of the second major support level at $0.1863.

Looking at the Technical Indicators

Major Support Level: $0.1912

Major Resistance Level: $0.1991

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 – 25/05/20

EOS

EOS fell by 2.84% on Sunday. Following on from a 1.04% fall on Saturday, EOS ended the week down by 4.92% to $2.4877.

A bullish start to the day saw EOS rise to an early morning intraday high $2.6067 before hitting reverse.

Falling short of the first major resistance level at $2.6094, EOS slid to a late afternoon low $2.5031.

The reversal saw EOS fall through the first major support level at $2.5347. Finding support at the second major support level at $2.5028, EOS briefly recovered to $2.56 levels before a late sell-off.

The sell-off saw EOS slide back through the first major support level and second major support level to an intraday low $2.4877.

At the time of writing, EOS was up by 0.57% to $2.5020. A mixed start to the day saw EOS fall to an early morning low $2.4500 before striking a high $2.5151.

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

EOS/USD 25/05/20 Daily Chart

For the day ahead

EOS would need to move through to $2.5280 levels to bring the first major resistance level at $2.5678 into play.

Support from the broader market would be needed, however, for EOS to break out from the morning high $2.5151.

Barring a broad-based crypto rally, the major first resistance level would likely limit any upside on the day.

Failure to move back through to $2.5280 levels could see EOS slide back into the red.

A fall through the morning low $2.4500 would bring the first major support level at $2.4477 into play.

Barring an extended crypto sell-off, however, EOS should steer clear of the second major support level at $2.4076.

Looking at the Technical Indicators

Major Support Level: $2.4477

Major Resistance Level: $2.5678

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 3.38% on Sunday. Following on from a 0.31% decline on Saturday, Ethereum ended the week down by 3.58% to $199.63.

A bullish start to the day saw Ethereum rise to an early morning intraday high $210.67 before hitting reverse.

Ethereum broke through the first major resistance level at $210.45, before falling to a late afternoon low $201.69.

The reversal saw Ethereum fall through the first major support level at $203.71 before briefly recovering to $208 levels.

A final hour sell-off did the damage, however, with Ethereum sliding to an intraday low $199.30.

Ethereum fell through the first major support level and second major support level at $200.77 to wrap up the day at sub-$200 levels.

At the time of writing, Ethereum was up by 1.46% to $202.55. A mixed start to the day saw Ethereum fall to an early morning low $198.01 before rising to a high $203.17.

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

ETH/USD 25/05/20 Daily Chart

For the day ahead

Ethereum would need to move through to $203.20 levels to bring the first major resistance level at $207.10 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $203.17.

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

Failure to move through to $203.20 levels could see Ethereum slide into the red.

A fall through the morning low $198.01 would bring the first major support level at $195.73 into play.

Barring an extended crypto sell-off, however, Ethereum should steer well clear of the second major support level at $191.83.

Looking at the Technical Indicators

Major Support Level: $195.73

Major Resistance Level: $207.10

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 3.27% on Sunday. Following on from a 0.90% decline on Saturday, Ripple’s XRP ended the week down by 4.45% to $0.19228.

Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.20161 before taking a hit.

Ripple’s XRP broke through the first major resistance level at $0.2012, before falling to a late afternoon low $0.19467.

The reversal saw Ripple’s XRP fall through the first major support level at $0.1970 and the second major support level at $0.1954.

Finding support late on, Ripple’s XRP briefly recovered to $0.1980 levels before a final hour sell-off to an intraday low $0.19228.

Ripple’s XRP fell back through the first major support level and second major support level to end the day at sub-$0.1930 levels.

At the time of writing, Ripple’s XRP was up by 0.55% to $0.19334. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.18928 before striking a high $0.19449.

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

XRP/USD 25/05/20 Daily Chart

For the day ahead

Ripple’s XRP will need to move through to $0.1960 levels to support a run at the first major resistance level at $0.1985.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.19449.

Barring a broad-based crypto rebound, the first major resistance level would likely leave Ripple’s XRP short of $0.20 levels.

Failure to move through to $0.1960 levels could see Ripple’s XRP hit reverse.

A fall through to sub-$0.1930 levels would bring the first major support level at $0.1892 into play.

Barring another crypto meltdown, however, Ripple’s XRP should steer well clear of the second major support level at $0.1861.

Looking at the Technical Indicators

Major Support Level: $0.1892

Major Resistance Level: $0.1985

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 – 24/05/20

EOS

EOS fell by 1.04% on Saturday. Partially reversing a 5.24% rally from Friday, EOS ended the day at $2.5665.

A bullish start to the day saw EOS rise to an early morning intraday high $2.6204 before hitting reverse.

Falling short of the first major resistance level at $2.6676, EOS slid to a late afternoon intraday low $2.5457.

Steering clear of the first major support level at $2.4736, EOS briefly recovered to $2.58 levels before easing back.

At the time of writing, EOS was up by 0.60% to $2.5820. A mixed start to the day saw EOS fall to an early morning low $2.5587 before striking a high $2.5869.

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

EOS/USD 24/05/20 Daily Chart

For the day ahead

EOS would need to move through to $2.60 levels to bring the first major resistance level at $2.6094 into play.

Support from the broader market would be needed, however, for EOS to break out from the morning high $2.5789.

Barring a broad-based crypto rally, the major first resistance level would likely limit any upside on the day.

Failure to move back through to $2.60 levels could see EOS slide into the red.

A fall through to sub-$2.5770 levels would bring the first major support level at $2.5347 into play.

Barring an extended crypto sell-off, however, EOS should steer clear of the second major support level at $2.5028.

Looking at the Technical Indicators

Major Support Level: $2.5347

Major Resistance Level: $2.6094

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 0.31% on Saturday. Partially reversing a 4.39% rally from Friday, Ethereum ended the day at $206.66.

A bullish start to the day saw Ethereum rise to an early morning intraday high $211.30 before hitting reverse.

Falling short of the first major resistance level at $212.36, Ethereum fell to a midday intraday low $204.56.

Steering clear of the first major support level at $199.20, Ethereum recovered to $208 levels before a final hour pullback.

At the time of writing, Ethereum was up by 0.56% to $207.82. A mixed start to the day saw Ethereum fall to an early morning low $205.01 before striking a high $207.83.

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

ETH/USD 24/05/20 Daily Chart

For the day ahead

Ethereum would need to avoid sub-$207.50 levels to bring the first major resistance level at $210.45 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $207.83.

Barring an extended crypto rally, the first major resistance level and Saturday’s high $211.30 would likely limit any upside.

Failure to avoid sub-$207.50 levels could see Ethereum slide into the red.

A fall through to sub-$207.50 levels would bring the first major support level at $203.71 into play.

Barring an extended crypto sell-off, however, Ethereum should steer well clear of sub-$200 levels.

The second major support level at $200.77 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $203.71

Major Resistance Level: $210.45

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP fell by 0.90% on Saturday. Partially reversing a 3.30% rally on Friday, Ripple’s XRP ended the day at $0.19862.

Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.20220 before taking a hit.

Falling short of the first major resistance level at $0.2046, Ripple’s XRP fell to a midday low $0.19805.

Steering clear of the major support levels, Ripple’s XRP recovered to $0.20 levels before a late pullback.

The pullback saw Ripple’s XRP fall to a final hour intraday low $0.019798. In spite of the reversal, Ripple’s steered clear of the first major support level at $0.1941.

At the time of writing, Ripple’s XRP was up by 0.52% to $0.19965. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.19834 before striking a high $0.19999.

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

XRP/USD 24/05/20 Daily Chart

For the day ahead

Ripple’s XRP will need to move through to $0.20 levels 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 the morning high $0.19999.

Barring a broad-based crypto rebound, the first major resistance level would likely limit any upside.

Failure to move through to $0.20 levels could see Ripple’s XRP hit reverse.

A fall through to sub-$0.1990 levels would bring the first major support level at $0.1970 into play.

Barring another crypto meltdown, however, Ripple’s XRP should steer well clear of the second major support level at $0.1954.

Looking at the Technical Indicators

Major Support Level: $0.1970

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

EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 23/05/20

EOS

EOS rallied by 5.24% on Friday. Reversing a 5.18% slide from Thursday, EOS ended the day at $2.5876.

A bearish start to the day saw EOS fall to an early morning intraday low $2.4395 before making a move.

Steering clear of the first major support level at $2.3710, EOS rallied to a late intraday high $2.6335.

EOS broke through the first major resistance level at $2.5770 to hit $2.63 levels before a late pullback.

In spite of the late pullback, however, EOS held above the first major resistance level.

At the time of writing, EOS was up by 0.37% to $2.5972. A bullish start to the day saw EOS rise from an early morning low $2.5934 to a high $2.6190.

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

EOS/USD 23/05/20 Daily Chart

For the day ahead

EOS would need to move through to $2.60 levels to bring the first major resistance level at $2.6676 into play.

Support from the broader market would be needed, however, for EOS to break out from Friday’s high $2.6335.

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

Failure to move back through to $2.60 levels could see EOS slide into the red.

A fall through to sub-$2.5550 levels would bring the first major support level at $2.4736 into play.

Barring an extended crypto sell-off, however, EOS should steer clear of the second major support level at $2.3595.

Looking at the Technical Indicators

Major Support Level: $2.4736

Major Resistance Level: $2.6676

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 4.39% on Friday. Partially reversing a 5.40% slide from Thursday, Ethereum ended the day at $207.32.

A bearish start to the day saw Ethereum fall to an early morning intraday low $196.12 before finding support.

Steering clear of the first major support level at $189.42, Ethereum rallied to a late afternoon intraday high $209.28.

Ethereum came within range of the first major resistance level at $209.67 before easing back late in the day.

At the time of writing, Ethereum was up by 1.01% to $209.42. A bullish start to the day saw Ethereum rise from an early morning low $207.30 to a high $210.00.

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

ETH/USD 23/05/20 Daily Chart

For the day ahead

Ethereum would need to avoid sub-$204 levels to bring the first major resistance level at $212.36 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $210.66.

Barring an extended crypto rally, resistance at $215 levels would likely limit any upside.

Failure to avoid sub-$204 levels could see Ethereum slide deep into the red.

A fall through to sub-$204 levels would bring the first major support level at $199.20 into play.

Barring an extended crypto sell-off, however, Ethereum should steer well clear of the second major support level at $191.08.

Looking at the Technical Indicators

Major Support Level: $199.20

Major Resistance Level: $212.36

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 3.30% on Friday. Reversing most of a 3.51% slide from Thursday, Ripple’s XRP ended the day at $0.20039.

Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.19208 before making a move.

Steering clear of the first major support level at $0.1880, Ripple’s XRP rallied to a late afternoon intraday high $0.20257.

Ripple’s XRP broke through the first major resistance level at $0.2016 before falling back to sub-$0.20 levels.

In spite of a final hour recovery to $0.20 levels, Ripple’s XRP failed to break back through the first major resistance level.

At the time of writing, Ripple’s XRP was up by 0.56% to $0.20152. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.20035 to a high $0.20195.

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

XRP/USD 23/05/20 Daily Chart

For the day ahead

Ripple’s XRP will need to avoid sub-$0.20 levels to support a run at the first major resistance level at $0.2046.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Friday’s high $0.20257.

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

Failure to avoid sub-$0.20 levels could see Ripple’s XRP give up Friday’s gains.

A fall through to sub-$0.1990 levels would bring the first major support level at $0.1941 into play.

Barring another crypto meltdown, however, Ripple’s XRP should steer well clear of the second major support level at $0.1879.

Looking at the Technical Indicators

 

Major Support Level: $0.1941

Major Resistance Level: $0.2046

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 – 22/05/20

EOS

EOS slid by 5.18% on Thursday. Following on from a 2.19% fall on Wednesday, EOS ended the day at $2.4565.

A bullish start to the day saw EOS rise to an early morning intraday high $2.6119 before hitting reverse.

Falling short of the first major resistance level at $2.6700, EOS slid to a late intraday low $2.4059.

EOS fell through the first major support level at $2.5234 and second major support level at $2.4534 before finding support.

Late in the day, EOS broke back through the second major support level to $2.48 levels before easing back.

At the time of writing, EOS was down by 0.24% to $2.4506. A bearish start to the day saw EOS fall from an early morning high $2.4588 to a low $2.4485.

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

EOS/USD 22/05/20 Daily Chart

For the day ahead

EOS would need to move through to $2.50 levels to bring the first major resistance level at $2.5770 into play.

Support from the broader market would be needed, however, for EOS to break out from the morning high $2.4588.

Barring a broad-based crypto rally, the major first resistance level would likely limit any upside on the day.

Failure to move back through to $2.50 levels could see EOS spend another day in the red.

A fall through Thursday’s low $2.4059 would bring the first major support level at $2.3710 into play.

Barring an extended crypto sell-off, however, EOS should steer clear of the second major support level at $2.2854.

Looking at the Technical Indicators

Major Support Level: $2.3710

Major Resistance Level: $2.5770

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum slid by 5.40% on Thursday. Following on from a 2.25% decline on Wednesday, Ethereum ended the day at $198.62.

A bullish start to the day saw Ethereum rise to an early morning intraday high $211.52 before hitting reverse.

Falling short of the first major resistance level at $215.27, Ethereum slid to a late intraday low $191.27.

Ethereum fell through the first major support level at $204.87 and the second major support level at $199.79.

Finding support late on, Ethereum briefly broke back through the second major support level to revisit $200 levels.

A final hour pullback, however, saw Ethereum fall back through the second major support level to end the day at sub-$200.

At the time of writing, Ethereum was down by 0.51% to $197.60. A bearish start to the day saw Ethereum fall from an early morning high $198.62 to a low $196.12.

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

ETH/USD 22/05/20 Daily Chart

For the day ahead

Ethereum would need to move back through to $200.50 levels to bring the first major resistance level at $209.67 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $198.62.

Barring a broad-based crypto rebound, the first major resistance level and Thursday’s high $211.52 would likely limit any upside.

Failure to move through to $200.50 levels could see Ethereum slide deeper into the red.

A fall back through Thursday’s low $191.27 would bring the first major support level at $189.42 into play.

Barring another extended crypto sell-off, however, Ethereum should steer well clear of the second major support level at $180.22.

Looking at the Technical Indicators

Major Support Level: $189.42

Major Resistance Level: $209.67

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 3.51% on Thursday. Following on from a 1.67% decline on Wednesday, Ripple’s XRP ended the day at $0.19423.

Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.20280 before hitting reverse.

Falling short of the first major resistance level at $0.2060, Ripple’s XRP slid to a late intraday low $0.18918.

Ripple’s XRP fell through the first major support level at $0.1970 and the second major support level at $0.19260.

Finding late support, Ripple’s XRP broke back through the second major support level to $0.1955 levels before easing back.

In the final hour, Ripple’s XRP fell back through the second major support level to close out at sub-$0.1950 levels.

At the time of writing, Ripple’s XRP was down by 0.31% to $0.19363. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.19422 to a low $0.19344.

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

XRP/USD 22/05/20 Daily Chart

For the day ahead

Ripple’s XRP will need to move back through to $0.1960 levels to support a run at the first major resistance level at $0.2016.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.19422.

Barring a broad-based crypto rebound, the first major resistance level and Thursday’s high $0.2028 would likely limit any upside.

Failure to move through to $0.1960 levels could see Ripple’s XRP fall deeper into the red.

A fall back through Thursday’s low $0.18918 would bring the first major support level at $0.1880 into play.

Barring another crypto meltdown, however, Ripple’s XRP should steer well clear of the second major support level at $0.1818.

Looking at the Technical Indicators

Major Support Level: $0.1880

Major Resistance Level: $0.2016

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 – 21/05/20

EOS

EOS fell by 2.19% on Wednesday. Following on from a 0.28% decline on Tuesday, EOS ended the day at $2.5934.

A range-bound start to the day saw EOS rise to an early morning intraday high $2.6766 before easing back to sub-$2.65 levels.

EOS fell short of the first major resistance level at $2.6864 before sliding in the early afternoon to an intraday low $2.5300.

EOS fell through the first major support level at $2.5936 and second major support level at $2.5357 before finding support.

A return to $2.60 levels late in the day was brief, however, with EOS closing out at $2.59 levels. The first major support level at $2.5936 limited the downside at the day end.

At the time of writing, EOS was down by 0.87% to $2.5710. A mixed start to the day saw EOS rise to an early morning high $2.6119 before falling to a low $2.5710.

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

EOS/USD 21/05/20 Daily Chart

For the day ahead

EOS would need to move through to $2.60 levels to bring the first major resistance level at $2.6700 into play.

Support from the broader market would be needed, however, for EOS to break out from the morning high $2.6119.

Barring a broad-based crypto rebound, however, resistance at $2.60 would likely leave EOS short of the major first resistance level.

Failure to move back through to $2.60 levels could see EOS fall deeper into the red.

A fall through to sub-$2.55 levels would bring the first major support level at $2.5234 into play.

Barring an extended crypto sell-off, however, EOS should steer clear of the second major support level at $2.4534.

Looking at the Technical Indicators

Major Support Level: $2.5234

Major Resistance Level: $2.6700

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 2.25% on Wednesday. Following on from a 0.07% decline on Tuesday, Ethereum ended the day at $209.96.

It was a choppy day for the majors. Ethereum rose to a mid-morning intraday high $215.50 before hitting reverse.

Falling short of the first major resistance level at $217.29, Ethereum slid to an early afternoon intraday low $205.10.

Ethereum fell through the first major support level at $210.67 and the second major support level at $206.64.

Finding late support, Ethereum broke back through the major support levels to a high $210.82 before easing back.

The late pullback saw Ethereum fall back through the first major support level.

At the time of writing, Ethereum was down by 0.67% to $208.56. A mixed start to the day saw Ethereum rise to an early morning high $211.52 before falling to a low $208.35.

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

ETH/USD 21/05/20 Daily Chart

For the day ahead

Ethereum would need to move back through to $210.20 levels to bring the first major resistance level at $215.27 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $211.52.

Barring a broad-based crypto rebound, the first major resistance level and Wednesday’s high $215.50 would likely limit any upside.

Failure to move back through to $210.20 levels could see Ethereum slide deeper into the red.

A fall back through the morning low to sub-$208 levels would bring the first major support level at $204.87 into play.

Barring an extended crypto sell-off, however, Ethereum should steer clear of the second major support level at $199.79.

Looking at the Technical Indicators

Major Support Level: $204.87

Major Resistance Level: $215.27

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 1.67% on Wednesday. Following on from a 0.19% decline on Tuesday, Ripple’s XRP ended the day at $0.20139.

A relatively bullish start to the day saw Ripple’s XRP rose to a mid-morning intraday high $0.20625 before hitting reverse.

Falling short of the first major resistance level at $0.2072, Ripple’s XRP slid to a mid-afternoon intraday low $0.19722.

Ripple’s XRP fell through the first major support level at $0.2015 and the second major support level at $0.1982.

Finding late support, Ripple’s XRP broke back through the major support levels to $0.2023 levels before easing back.

The late pullback saw Ripple’s XRP fall back through the first major support level.

At the time of writing, Ripple’s XRP was down by 0.38% to $0.20063. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.20280 before falling to a low $0.20032.

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

XRP/USD 21/05/20 Daily Chart

For the day ahead

Ripple’s XRP will need to move back through to $0.2020 levels to support a run at the first major resistance level at $0.2060.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.20280.

Barring a broad-based crypto rebound, the first major resistance level would likely limit any upside.

Failure to move through to $0.2020 levels could see Ripple’s XRP fall deeper into the red.

A fall back through the morning low $0.20032 would bring the first major support level at $0.1970 into play.

Barring a crypto meltdown, however, Ripple’s XRP should steer clear of the second major support level at $0.1926.

Looking at the Technical Indicators

Major Support Level: $0.1970

Major Resistance Level: $0.2060

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 – 20/05/20

EOS

EOS slipped by 0.28% on Tuesday. Partially reversing a 1.73% gain from Monday, EOS ended the day at $2.6516.

A bearish start to the day saw EOS fall to an early morning intraday low $2.5705 before finding support.

EOS fell through the first major resistance level at $2.5924 before striking a late morning intraday high $2.6633.

Falling short of the first major resistance level at $2.7437, EOS fell back to an afternoon low $2.6037 and into the red.

Finding late support, EOS recovered to $2.65 levels to limit the loss on the day.

At the time of writing, EOS was down by 0.04% to 2.6505. A mixed start to the day saw EOS fall to an early morning low $2.6440 before striking a high $2.6563.

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

EOS/USD 20/05/20 Daily Chart

For the day ahead

EOS would need to move through to $2.66 levels to bring the first major resistance level at $2.6864 into play.

Support from the broader market would be needed, however, for EOS to break out from Tuesday’s high $2.6633.

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

Failure to move back through to $2.66 levels could see EOS fall deeper into the red.

A fall through the morning low to sub-$2.6285 levels would bring the first major support level at $2.5936 into play.

Barring an extended crypto sell-off, however, EOS should steer clear of the second major support level at $2.5357.

Looking at the Technical Indicators

Major Support Level: $2.5936

Major Resistance Level: $2.6864

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum slipped by 0.07% on Tuesday. Following a 3.76% rally on Monday, Ethereum ended the day at $214.71.

A bearish start to the day saw Ethereum slide to an early morning intraday low $209.22 before finding support.

Steering clear of the first major support level at $208.88, Ethereum bounced back to a late morning intraday high $215.84.

Falling short of the first major resistance level at $218.88, Ethereum fell back to $210 levels before finding late support.

A late recovery to $214 levels reversed the losses from the day.

At the time of writing, Ethereum was down by 0.27% to $214.12. A mixed start to the day saw Ethereum rise to an early morning high $214.97 before falling to a low $213.76.

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

ETH/USD 20/05/20 Daily Chart

For the day ahead

Ethereum would need to move through to $215 levels to bring the second major resistance level at $217.29 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $215.84.

Barring a broad-based crypto rebound, resistance at $215 would likely leave Ethereum short of the first major resistance level.

Failure to move through to $215 levels could see Ethereum slide deeper into the red.

A fall back through the morning low to sub-$213.30 levels would bring the first major support level at $210.67 into play.

Barring an extended crypto sell-off, however, Ethereum should steer clear of the second major support level at $206.64.

Looking at the Technical Indicators

Major Support Level: $210.67

Major Resistance Level: $217.29

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP fell by 0.19% on Tuesday. Partially reversing a 2.02% gain from Monday, Ripple’s XRP ended the day at $0.20477.

Tracking the broader market, Ripple’s XRP slid to an early morning intraday low $0.20064 before finding support.

Ripple’s XRP fell through the first major support level at $0.2015 before striking a late morning intraday high $0.20635.

Falling short of the first major resistance level at $0.2086, Ripple’s XRP fell back to $0.2025 levels and into the red.

Finding late support from the broader market, Ripple’s XRP recovered to $0.2040 levels to limit the loss on the day.

At the time of writing, Ripple’s XRP was up by 0.02% to $0.20482. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.20435 before striking a high $0.20550.

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

XRP/USD 20/05/20 Daily Chart

For the day ahead

Ripple’s XRP will need to move back through to $0.2050 levels to support a run at the first major resistance level at $0.2072.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Tuesday’s high $0.20635.

Barring a broad-based crypto rebound, the first major resistance level would likely limit any upside.

Failure to move through to $0.2050 levels could see Ripple’s XRP fall back into the red.

A fall back through the morning low to sub-$0.2040 levels would bring the first major support level at $0.2015 into play.

Barring a crypto meltdown, however, Ripple’s XRP should steer clear of the second major support level at $0.1982.

Looking at the Technical Indicators

Major Support Level: $0.2015

Major Resistance Level: $0.2072

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 – 19/05/20

EOS

EOS rose by 1.73% on Monday. Reversing a 0.55% fall from Sunday, EOS ended the day at $2.6618.

A particularly bullish morning saw EOS rally from a morning low $2.6102 to an early morning intraday high $2.7563.

EOS broke through the first major resistance level at $2.6657 and second major resistance level at $2.7136 before hitting reverse.

The reversal saw EOS slide back to a late afternoon intraday low $2.6050 before finding support.

Steering clear of the first major support level at $2.5807, EOS recovered to $2.66 levels to end the day in the green.

At the time of writing, EOS was down by 0.84% to $2.6394. A bearish start to the day saw EOS fall from an early morning high $2.6590 to a low $2.6356.

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

EOS/USD 19/05/20 Daily Chart

For the day ahead

EOS would need to move through to $2.6750 levels to bring the first major resistance level at $2.7437 into play.

Support from the broader market would be needed, however, for EOS to break out from the morning high $2.6590.

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

Failure to move back through to $2.6750 levels could see EOS fall deeper into the red.

A fall through to the morning low $2.6356 would bring the first major support level at $2.5924 into play.

Barring an extended crypto sell-off, however, EOS should steer clear of the second major support level at $2.5231.

Looking at the Technical Indicators

Major Support Level: $2.5924

Major Resistance Level: $2.7437

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 3.76% on Monday. Following on from a 3.27% gain on Sunday, Ethereum ended the day at $214.83.

A bullish start to the day saw Ethereum rally from an intraday low $206.99 to a mid-morning intraday high $216.99.

Ethereum broke through the first major resistance level at $211.67 and second major resistance level at $216.28 before hitting reverse.

The reversal saw Ethereum slide back to sub-$209 levels by late afternoon before finding support.

Late in the day, Ethereum broke back through the first major resistance level to close out at $214 levels.

At the time of writing, Ethereum was down by 1.06% to $212.56. A bearish start to the day saw Ethereum fall from an early morning high $215.00 to a low $212.25.

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

ETH/USD 19/05/20 Daily Chart

For the day ahead

Ethereum would need to move through to $213 levels to bring the first major resistance level at $218.88 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $216.99.

Barring a broad-based crypto rebound, resistance at $215 would likely leave Ethereum short of the first major resistance level.

Failure to move through to $213 levels could see Ethereum take a bigger hit later in the day.

A fall back through the morning low to sub-$210 levels would bring the first major support level at $208.88 into play.

Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$200 levels.

The second major support level at $202.94 should limit any downside on the day.

Looking at the Technical Indicators

Major Support Level: $208.88

Major Resistance Level: $218.88

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 2.02% on Monday. Following on from a 0.79% gain on Sunday, Ripple’s XRP ended the day at $0.20530.

Tracking the broader market, Ripple’s XRP rallied from an intraday low $0.20107 to an early morning intraday high $0.20814.

Ripple’s XRP broke through the first major resistance level at $0.20814 and second major resistance level at $0.2075 before hitting reverse.

The reversal saw Ripple’s XRP slide back to $0.20113 by late morning before finding support.

Through the 2nd half of the day, Ripple’s XRP revisited $0.2063 levels before easing back. The recovery saw Ripple’s XRP break back through and hold above the first major resistance level at $0.2043.

At the time of writing, Ripple’s XRP was down by 1.10% to $0.20305. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.20516 to a low $0.20283.

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

XRP/USD 19/05/20 Daily Chart

For the day ahead

Ripple’s XRP will need to move through to $0.2050 levels to support a run at the first major resistance level at $0.2086.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Monday’s high $0.20814.

Barring a broad-based crypto rebound, the first major resistance level would likely limit any upside.

Failure to move through to $0.2050 levels could see Ripple’s XRP fall deeper into the red.

A fall back through the morning low $0.20283 would bring the first major support level at $0.2015 into play.

Barring a crypto meltdown, however, Ripple’s XRP should steer clear of the second major support level at $0.1978.

Looking at the Technical Indicators

Major Support Level: $0.2015

Major Resistance Level: $0.2086

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 – 18/05/20

EOS

EOS fell by 0.55% on Sunday. Following on from a 1.90% gain on Saturday, EOS ended the week up by 6.99% to $2.6179.

A mixed start to the day saw EOS rise from an early morning low $2.6228 to a mid-morning high $2.6602.

Steering clear of the major support and resistance levels, EOS fell back to $2.62 levels before striking a mid-afternoon intraday high $2.6764.

Falling short of the first major resistance level at $2.6890, EOS slid back to a late intraday low $2.6201.

Steering clear of the first major support level at $2.5732, EOS recovered to $2.63 levels before falling back into the red.

At the time of writing, EOS was up by 0.76% to $2.6378. A bullish start to the day saw EOS rise from an early morning low $2.6102 to a high $2.6379.

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

EOS/USD 18/05/20 Daily Chart

For the day ahead

EOS would need to move through to $2.65 levels to bring the first major resistance level at $2.6657 into play.

Support from the broader market would be needed, however, for EOS to break out from the morning high $2.6379.

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

Failure to move back through to $2.65 levels would see EOS hit reverse.

A fall through to sub-$2.6290 levels would bring the first major support level at $2.5807 into play.

Barring an extended crypto sell-off, however, EOS should steer clear of the second major support level at $2.5436.

Looking at the Technical Indicators

Major Support Level: $2.5807

Major Resistance Level: $2.6657

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 3.27% on Sunday. Following on from a 3.02% gain on Saturday, Ethereum ended the week up by 10.34% to $207.05.

A relatively range-bound morning saw Ethereum rise from an early morning intraday low $199.1 to a mid-afternoon intraday high $210.00.

Ethereum broke through the first major resistance level at $204.85 and the second major resistance level at $209.16.

Late in the day, Ethereum fell back to $206 levels before revisiting $209 levels.

Coming up against the second major resistance level at $209.16, Ethereum fell back to $206 levels before steadying.

At the time of writing, Ethereum was up by 2.23% to $211.67. A bullish start to the day saw Ethereum rise from an early morning low $206.99 to a high $211.82.

Ethereum broke through the first major resistance level at $211.67 early on.

ETH/USD 18/05/20 Daily Chart

For the day ahead

Ethereum would need to avoid sub-$210 levels to bring the second major resistance level at $216.28 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $211.82.

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

Failure to avoid sub-$210 levels could see Ethereum hit reverse.

A fall back through the morning low to sub-$205.40 levels would bring the first major support level at $200.77 into play.

Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$200 levels.

Looking at the Technical Indicators

Major Support Level: $200.77

Major Resistance Level: $211.67

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 0.79% on Sunday. Following on from a 0.81% gain on Saturday, Ripple’s XRP ended the week up by 2.07% to $0.20108.

It was a bullish end to the week. Ripple’s XRP rallied from an early morning intraday low $0.19882 to a mid-afternoon intraday high $0.20479.

Ripple’s XRP broke through the first major resistance level at $0.2024 to come within range of the second major resistance level at $0.20530.

A late afternoon pullback saw Ripple’s XRP fall to a low $0.20086 before finding support.

Ripple’s XRP fell back through the first major resistance level before finding support.

At the time of writing, Ripple’s XRP was up by 1.23% to $0.20356. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.20107 to a high $0.20371.

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

XRP/USD 18/05/20 Daily Chart

For the day ahead

Ripple’s XRP will need to avoid sub-$0.2020 levels to support a run at the first major resistance level at $0.2043.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.20371.

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

Failure to avoid sub-$0.2020 levels could see Ripple’s XRP give up the early gains.

A fall back through the morning low $0.20107 would bring the first major support level at $0.1983 into play.

Barring a crypto meltdown, however, Ripple’s XRP should steer clear of sub-$0.19 support levels.

The second major support level at $0.1956 should limit any downside on the day.

Looking at the Technical Indicators

Major Support Level: $0.1983

Major Resistance Level: $0.2043

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 – 17/05/20

EOS

EOS rose by 1.90% on Saturday. Reversing a 1.73% fall from Friday, EOS ended the day at $2.6324.

A bullish start to the day saw EOS rally from an intraday low $2.5705 to an early morning intraday high $2.6863.

EOS broke through the first major resistance level at $2.6503 before hitting reverse.

The reversal saw EOS fall back to sub-$2.60 levels before finding late support to deliver the upside on the day.

At the time of writing, EOS was down by 0.29% to $2.6247. A mixed start to the day saw EOS fall to an early morning low $2.6228 before striking a high $2.6480.

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

EOS/USD 17/05/20 Daily Chart

For the day ahead

EOS would need to move through to $2.63 levels to bring the first major resistance level at $2.6890 into play.

Support from the broader market would be needed, however, for EOS to break out from Saturday’s high $2.6863.

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

Failure to move back through to $2.63 levels would see EOS fall deeper into the red.

A fall through the morning low $2.6228 would bring the first major support level at $2.5732 into play.

Barring an extended crypto sell-off, however, EOS should steer clear of the second major support level at $2.5139.

Looking at the Technical Indicators

Major Support Level: $2.5732

Major Resistance Level: $2.6890

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 3.02% on Saturday. Partially reversing a 4.28% slide from Friday, Ethereum ended the day at $200.53.

A bullish start to the day saw Ethereum rally from an intraday low $193.24 to a mid-day intraday high $203.36.

Ethereum broke through the first major resistance level at $202.22 before sliding back to $197 levels.

Finding support from the broader market, Ethereum broke back through to $200 levels to deliver the upside on the day.

At the time of writing, Ethereum was up by 0.24% to $201.01. Another mixed start to the day saw Ethereum fall to an early morning low $199.10 before rising to a high $202.50.

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

ETH/USD 17/05/20 Daily Chart

For the day ahead

Ethereum would need to avoid sub-$200 levels to bring the first major resistance level at $204.85 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Saturday’s high $203.36.

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

Failure to avoid sub-$200 levels could see Ethereum hit reverse.

A fall back through the morning low $199.10 would bring the first major support level at $194.73 into play.

Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$190 levels.

Looking at the Technical Indicators

Major Support Level: $194.73

Major Resistance Level: $204.85

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 0.81% on Saturday. Partially reversing a 3.13% slide from Friday, Ripple’s XRP ended the day at $0.19961.

A bullish start to the day saw Ripple’s XRP rise from an intraday low $0.19647 to an early morning intraday high $0.20229.

Steering clear of the major support and resistance levels, Ripple’s XRP fell back to sub-$0.1980 levels before finding late support.

The late support delivered the upside on the day.

At the time of writing, Ripple’s XRP was up by 0.32% to $0.20024. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.19882 before striking a high $0.20129.

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

XRP/USD 17/05/20 Daily Chart

For the day ahead

Ripple’s XRP will need to avoid sub-$0.20 levels to support a run at the first major resistance level at $0.2024.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Saturday’s high $0.20229.

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

Failure to avoid sub-$0.20 levels could see Ripple’s XRP give up the early gains.

A fall back through the morning low $0.19882 would bring the first major support level at $0.1966 into play.

Barring a crypto meltdown, however, Ripple’s XRP should steer clear of sub-$0.19 support levels.

The second major support level at $0.1936 should limit any downside on the day.

Looking at the Technical Indicators

Major Support Level: $0.1966

Major Resistance Level: $0.2024

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 – 16/05/20

EOS

EOS fell by 1.73% on Friday. Partially reversing a 4.01% rally from Thursday, EOS ended the day at $2.5808.

Another choppy start to the day saw EOS slide to an early morning intraday low $2.5361 before finding support.

Steering clear of the first major support level at $2.5126, EOS rallied to a late morning intraday high $2.6627.

Falling short of the first major resistance level at $2.6958, EOS slid back to $2.54 levels before finding late support.

EOS broke back through to $2.61 levels before a final hour fall back to sub-$2.60 levels.

At the time of writing, EOS was up by 0.68% to $2.5985. A mixed start to the day saw EOS fall to an early morning low $2.5705 before rising to a high $2.6117.

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

EOS/USD 16/05/20 Daily Chart

For the day ahead

EOS would need to move through to $2.60 levels to bring the first major resistance level at $2.6503 into play.

Support from the broader market would be needed, however, for EOS to break out from the morning high $2.6117.

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

Failure to move back through to $2.60 levels would see EOS fall back into the red.

A fall through the morning low $2.5705 would bring the first major support level at $2.5237 into play.

Barring an extended crypto sell-off, however, EOS should steer clear of the second major support level at $2.4666.

Looking at the Technical Indicators

Major Support Level: $2.5237

Major Resistance Level: $2.6503

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum slid by 4.28% on Friday. Reversing a 1.74% gain from Thursday, Ethereum ended the day at $194.70.

Bearish throughout the day, Ethereum slid from an early morning intraday high $204.30 to a late intraday low $191.35.

Ethereum fell through the first major support level at $197.32 to find support at the second major support level at $191.23.

The late support led to a brief visit to $197 levels before a final hour pullback to sub-$195 levels.

At the time of writing, Ethereum was up by 0.65% to $195.96. A mixed start to the day saw Ethereum fall to an early morning low $193.24 before rising to a high $196.98.

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

ETH/USD 16/05/20 Daily Chart

For the day ahead

Ethereum would need to move back through to $196.80 levels to bring the first major resistance level at $202.22 into play.

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

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

Failure to move back through to $196.80 levels could see Ethereum hit reverse.

A fall back through the morning low $193.24 would bring the first major support level at $189.27 into play.

Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$190 levels.

Looking at the Technical Indicators

Major Support Level: $189.27

Major Resistance Level: $202.22

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 3.13% on Friday. Reversing a 0.96% gain from Thursday, Ripple’s XRP ended the day at $0.19809.

A mixed start to the day saw Ripple’s XRP fall from an intraday high $0.20484 to an early morning low $0.19695.

Ripple’s XRP fell through the first major support level at $0.1993 before a late morning recovery to $0.2040 levels.

The recovery was brief, however, with Ripple’s XRP sliding to a late intraday low $0.19530.

Ripple’s XRP slid back through the first major support level before finding late support to wrap up the day at $0.1980 levels.

The first major support level at $0.1993 pinned Ripple’s XRP back late in the day.

At the time of writing, Ripple’s XRP was up by 1.10% to $0.20026. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.19647 before striking a high $0.20026.

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

XRP/USD 16/05/20 Daily Chart

For the day ahead

Ripple’s XRP will need to avoid sub-$0.20 levels to support a run at the first major resistance level at $0.2035.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from $0.2020 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $0.20484 would likely limit any upside.

Failure to avoid sub-$0.20 levels could see Ripple’s XRP give up the early gains.

A fall back through the morning low $0.19647 would bring the first major support level at $0.1940 into play.

Barring a crypto meltdown, however, Ripple’s XRP should steer clear of sub-$0.19 support levels.

Looking at the Technical Indicators

Major Support Level: $0.1940

Major Resistance Level: $0.2035

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 – 15/05/20

EOS

EOS rallied by 4.01% on Thursday. Following on from a 3.77% gain on Wednesday, EOS ended the day at $2.6261.

A choppy start to the day saw EOS fall to a mid-morning intraday low $2.4687 before finding support.

Steering clear of the first major support level at $2.4445, EOS rallied to a late intraday high $2.6519.

EOS broke through the first major resistance level at $2.5839 and the second major resistance level at $2.6416.

A pullback late in the day, however, saw EOS fall back through the second major resistance level.

At the time of writing, EOS was down by 2.22% to $2.5678. A bearish start to the day saw EOS slide from an early morning high $2.6351 to a low $2.5361.

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

EOS/USD 15/05/20 Daily Chart

For the day ahead

EOS would need to move through to $2.5820 levels to bring the first major resistance level at $2.6958 into play.

Support from the broader market would be needed, however, for EOS to break out from Thursday’s high $2.6519.

Barring a broad-based crypto rebound, however, resistance at $2.60 would likely leave EOS short of the major resistance levels.

Failure to move back through to $2.5820 levels would see EOS slide deeper into the red.

A fall through the morning low $2.5361 would bring the first major support level at $2.5126 into play.

Barring an extended crypto sell-off, however, EOS should steer clear of the second major support level at $2.3990.

Looking at the Technical Indicators

Major Support Level: $2.5126

Major Resistance Level: $2.6958

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 1.74% on Thursday. Following on from a 5.26% rally on Wednesday, Ethereum ended the day at $203.40.

Tracking the broader market, Ethereum fell to a mid-morning intraday low $195.70 before making a move.

Steering clear of the first major support level at $191.66, Ethereum rallied to a late morning intraday high $206.25.

Ethereum broke through the first major resistance level at $204.89 before sliding back to $196 levels.

Finding support late in the day, however, Ethereum bounced back to end the day in the green.

At the time of writing, Ethereum was down by 1.92% to $199.49. A bearish start to the day saw Ethereum fall from an early morning high $204.30 to a low $196.82.

Ethereum fell through the first major support level at $197.32 before finding support.

ETH/USD 15/05/20 Daily Chart

For the day ahead

Ethereum would need to move through to $201.80 levels to bring the first major resistance level at $207.87 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Thursday’s high $206.25.

Barring a broad-based crypto rebound, resistance at $205 would likely leave Ethereum short of the major resistance levels.

Failure to move back through to $201.80 levels could see Ethereum take a bigger hit.

A fall back through the first major support level would bring the second major support level at $191.23 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$190 levels.

Looking at the Technical Indicators

Major Support Level: $197.32

Major Resistance Level: $207.87

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 0.96% on Thursday. Following a 2.53% gain on Wednesday, Ripple’s XRP ended the day at $0.20406.

A mixed start to the day saw Ripple’s XRP fall to a mid-morning intraday low $0.19809 before finding support.

Steering clear of the first major support level at $0.1971, Ripple’s XRP rallied to a late morning intraday high $0.20642.

Ripple’s XRP broke through the first major resistance level at $0.2055 before sliding back into the red.

Finding support late in the day, however, Ripple’s XRP recovered to end the day in the green.

At the time of writing, Ripple’s XRP was down by 2.05% to $0.19988. A bearish start to the day saw Ripple’s XRP slide from an early morning high $0.20484 to a low $0.19695.

Ripple’s XRP fell through the first major support level at $0.1993 before finding support.

XRP/USD 15/05/20 Daily Chart

For the day ahead

Ripple’s XRP will need to move through to $0.2030 levels to bring the first major resistance level at $0.2076 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Thursday’s high $0.20642.

Barring an extended crypto rebound, the first major resistance level at $0.2076 would likely limit any upside.

Failure to avoid sub-$0.2030 levels could see Ripple’s XRP fall deeper into the red.

A fall back through the first major support level would bring the second major support level at $0.1945 into play.

Barring a crypto meltdown, however, Ripple’s XRP should steer clear of sub-$0.19 support levels.

Looking at the Technical Indicators

Major Support Level: $0.1993

Major Resistance Level: $0.2076

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 – 14/05/20

EOS

EOS rallied by 3.77% on Wednesday. Following on from a 1.60% gain on Tuesday, EOS ended the day at $2.5261.

A mixed start to the day saw EOS rise to an early morning high $2.4647 before hitting reverse.

Falling short of the first major resistance level at $2.4703, EOS slid to a late morning intraday low $2.4206.

Steering clear of the first major support level at $2.3996, EOS rallied to a late intraday high $2.5600.

EOS broke through the first major resistance level at $2.4703 and the second major resistance level at $2.5032.

In spite of a late pullback, EOS avoided a fall back through the second major resistance level.

At the time of writing, EOS was down by 0.08% to $2.5240. A mixed start to the day saw EOS rise to an early morning high $2.5320 before falling to a low $2.5167.

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

EOS/USD 14/05/20 Daily Chart

For the day ahead

EOS would need to move through to $2.55 levels to bring the first major resistance level at $2.5839 into play.

Support from the broader market would be needed, however, for EOS to break out from Wednesday’s high $2.5600.

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

Failure to move back through to $2.55 levels would see EOS slide deeper into the red.

A fall through the morning low to sub-$2.50 levels would bring the first major support level at $2.4445 into play.

Barring an extended crypto sell-off, however, EOS should steer clear of the second major support level at $2.3628.

Looking at the Technical Indicators

Major Support Level: $2.4445

Major Resistance Level: $2.5839

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 5.26% on Wednesday. Following on from a 2.24% gain on Tuesday, Ethereum ended the day at $199.92.

Tracking the broader market, Ethereum rose to an early morning high $191.68 before hitting reverse.

Falling short of the first major resistance level at $193.40, Ethereum slid to a late morning intraday low $188.36.

Steering clear of the first major support level at $186.30, Ethereum rallied to a late intraday high $201.59.

Ethereum broke through the first major resistance level at $193.40 and the second major resistance level at $196.69.

A late pullback saw Ethereum wrap up the day at sub-$200 levels.

At the time of writing, Ethereum was down by 0.28% to $199.36. A mixed start to the day saw Ethereum rise to an early morning high $201.27 before falling to a low $198.83.

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

ETH/USD 14/05/20 Daily Chart

For the day ahead

Ethereum would need to move back through to $200 levels to bring the first major resistance level at $204.89 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Wednesday’s high $201.59.

Barring a broad-based crypto rally, the first major resistance level would likely limit any upside.

Failure to move back through to $200 levels could see Ethereum take a bigger hit.

A fall back through to sub-$196.60 levels would bring the first major support level at $191.66 into play.

Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $183.39.

Looking at the Technical Indicators

Major Support Level: $191.66

Major Resistance Level: $204.89

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 2.53% on Wednesday. Following on from a 2.47% gain on Tuesday, Ripple’s XRP ended the day at $0.2019.

It was a mixed start to the day. Ripple’s XRP rose to an early morning high $0.19949 before sliding to a late morning intraday low $0.19589.

Steering clear of the first major support level at $0.1922, Ripple’s XRP bounced back to a late intraday high $0.20430.

Ripple’s XRP broke through the first major resistance level at $0.2008 to wrap up the day at $0.20 levels.

The second major resistance level at $0.2047 pinned Ripple’s XRP back late in the day.

At the time of writing, Ripple’s XRP was down by 0.29% to $0.20131. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.20298 before falling to a low $0.20102.

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

XRP/USD 14/05/20 Daily Chart

For the day ahead

Ripple’s XRP will need to avoid sub-$0.20 levels to bring the first major resistance level at $0.2055 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Wednesday’s high $0.20430.

Barring an extended crypto rebound, the first major resistance level at $0.2055 would likely limit any upside.

Failure to avoid sub-$0.20 levels could see Ripple’s XRP fall deeper into the red.

A fall back through to sub-$0.20 levels would bring the first major support level at $0.1971 into play.

Barring a crypto meltdown, however, Ripple’s XRP should steer clear of sub-$0.19 support levels.

The second major support level at $0.1923 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $0.1971

Major Resistance Level: $0.2055

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 – 13/05/20

EOS

EOS rose by 1.60% on Tuesday. Partially reversing a 1.87% fall from Monday, EOS ended the day at $2.4373.

Bullish through the morning, EOS rose to an early afternoon intraday high $2.4655 before hitting reverse.

Falling short of the first major resistance level at $2.5053, EOS slid to a late intraday low $2.3948.

Steering clear of the first major support level at $2.2833, EOS recovered from negative territory to wrap up the day at $2.43 levels.

At the time of writing, EOS was up by 0.42% to $2.4476. A relatively bullish start to the day saw EOS rise from an early morning low $2.4344 to a high $2.4525.

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

EOS/USD 13/05/20 Daily Chart

For the day ahead

EOS would need to move through to $2.45 levels to bring the first major resistance level at $2.4703 into play.

Support from the broader market would be needed, however, for EOS to break out from Tuesday’s high $2.4655.

Barring an extended crypto rebound, the first major resistance level, and Tuesday’s high would likely limit any upside.

Failure to move back through to $2.45 levels would see EOS slide into the red.

A fall through the morning low to sub-$2.4330 levels would bring the first major support level at $2.3996 into play.

Barring another extended crypto sell-off, however, EOS should steer clear of sub-$2.20 levels.

The second major support level at $2.3618 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $2.3996

Major Resistance Level: $2.4703

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 2.24% on Tuesday. Reversing a 0.92% loss from Monday, Ethereum ended the day at $190.10.

Tracking the broader market, Ethereum rose from an early morning intraday low $185.79 to a mid-afternoon intraday high $192.89.

Falling short of the first major resistance level at $194.32, Ethereum fell back to $186 levels before finding late support.

At the time of writing, Ethereum was up by 0.42% to $190.89. A relatively bullish start to the day saw Ethereum rise from an early morning low $189.49 to a high $191.47.

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

ETH/USD 13/05/20 Daily Chart

For the day ahead

Ethereum would need to move through to $192 levels to bring the first major resistance level at $193.40 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $192.89.

Barring a broad-based crypto rally, the first major resistance level would likely limit any upside.

Failure to move back through to $192 levels could see Ethereum fall back into the red.

A fall back through to sub-$190 levels would bring the first major support level at $186.30 into play.

Barring another extended sell-off, however, Ethereum should avoid sub-$180 levels. The second major support level at $182.49 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $186.30

Major Resistance Level: $193.40

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 2.47% on Tuesday. Reversing a 2.37% decline from Monday, Ripple’s XRP ended the day at $0.19696.

A bullish morning saw Ripple’s XRP rally from an early intraday low $0.19121 to an early afternoon intraday high $0.19986.

Falling short of the first major resistance level at $0.2001, Ripple’s XRP fell back to sub-$0.1940 before finding support.

At the time of writing, Ripple’s XRP was up by 0.61% to $0.19817. A relatively bullish start to the day saw Ripple’s XRP rise from an early morning low $0.19631 to a high $0.19848.

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

XRP/USD 13/05/20 Daily Chart

For the day ahead

Ripple’s XRP will need to avoid sub-$0.1960 levels to bring the first major resistance level at $0.2008 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Tuesday’s high $0.19986.

Barring an extended crypto rebound, the first major resistance level at $0.2008 would likely limit any upside.

Failure to avoid sub-$0.1960 levels could see Ripple’s XRP hit reverse.

A fall back through to sub-$0.1960 levels would bring the first major support level at $0.1922 into play.

Barring a crypto meltdown, however, Ripple’s XRP should steer clear of sub-$0.19 support levels.

Looking at the Technical Indicators

Major Support Level: $0.1922

Major Resistance Level: $0.2008

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 – 12/05/20

EOS

EOS fell by 1.87% on Monday. Following on from an 11.0% tumble on Sunday, EOS ended the day at $2.4011.

A mixed start to the day saw EOS rise to an early morning high $2.4811 before falling to a late morning low $2.3909.

Steering clear of the major support and resistance levels, EOS rallied to a mid-day intraday high $2.4917 before hitting reverse.

Falling short of the first major resistance level at $2.7116, EOS slid to a late afternoon intraday low $2.2697.

Steering clear of the first major support level at $2.2216, EOS recovered to $2.40 levels to limit the loss.

At the time of writing, EOS was up by 0.79% to $2.4200. A bullish start to the day saw EOS rise from an early morning low $2.3968 to a high $2.4262.

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

EOS/USD 12/05/20 Daily Chart

For the day ahead

EOS would need to move through to $2.45 levels to bring the first major resistance level at $2.5053 into play.

Support from the broader market would be needed, however, for EOS to break out from Monday’s high $2.4917.

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

Failure to move back through to $2.45 levels would see EOS slide into the red.

A fall through the morning low to sub-$2.39 levels would bring the first major support level at $2.2833 into play.

Barring another extended crypto sell-off, however, EOS should steer clear of sub-$2.20 levels.

Looking at the Technical Indicators

Major Support Level: $2.2833

Major Resistance Level: $2.5053

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 0.92% on Monday. Following on from a 10.63% tumble on Sunday, Ethereum ended the day at $185.93.

Tracking the broader market, Ethereum rose to an early morning high $191.23 before falling to a late morning low $183.89.

Steering clear of the major support and resistance levels, Ethereum struck a mid-day intraday high $193.77 before hitting reverse.

Falling short of the first major resistance level at $205.19, Ethereum slid to a late afternoon intraday low $176.43.

Avoiding the first major support level at $175.14 Ethereum found late support to limit the loss.

At the time of writing, Ethereum was up by 0.65% to $187.14. A bullish start to the day saw Ethereum rise from an early morning low $185.79 to a high $188.23.

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

ETH/USD 12/05/20 Daily Chart

For the day ahead

Ethereum would need to move through to $190 levels to bring the first major resistance level at $194.32 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $193.77.

Barring a broad-based crypto rally, the first major resistance level would likely leave Ethereum short of $200 levels.

Failure to move back through to $190 levels could see Ethereum fall back into the red.

A fall back through the morning low to sub-$185.40 levels would bring the first major support level at $176.98 into play.

Barring another extended sell-off, however, Ethereum should avoid sub-$170 levels.

Looking at the Technical Indicators

Major Support Level: $176.98

Major Resistance Level: $194.32

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 2.37% on Monday. Following on from an 8.68% slide on Sunday, Ripple’s XRP ended the day at $0.19233.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $0.2000 before hitting reverse.

Falling short of the first major resistance level at $0.2173, Ripple’s XRP fell back to a late morning low $0.19150.

Steering clear of the major support levels, Ripple’s XRP recovered to $0.19965 at mid-day before hitting reverse.

The reversal saw Ripple’s XRP slide to a late afternoon intraday low $0.18450. Steering clear of the first major support level at $0.1761, Ripple’s XRP recovered to $0.19 levels to limit the loss.

At the time of writing, Ripple’s XRP was up by 0.11% to $0.19254. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.19196 to a high $0.19367.

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

XRP/USD 12/05/20 Daily Chart

For the day ahead

Ripple’s XRP will need to move back through to $0.1950 levels to bring the first major resistance level at $0.2001 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.19367.

Barring an extended crypto rally, the first major resistance level at $0.2001 would likely limit any upside.

Failure to move back through to $0.1950 levels could see Ripple’s XRP hit reverse.

A fall back through to sub-$0.1920 levels would bring the first major support level at $0.1846 into play.

Barring a crypto meltdown, however, Ripple’s XRP should steer clear of sub-$0.18 support levels.

Looking at the Technical Indicators

Major Support Level: $0.1846

Major Resistance Level: $0.2001

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 – 11/05/20

EOS

EOS tumbled by 11.0% on Sunday. Following a 0.03% gain on Saturday, EOS ended the week down 13.83% to $2.4471.

It was a particularly bearish start to the day. EOS tumbled from an early morning intraday high $2.7506 to a 1st-hour intraday low $2.2606.

The meltdown saw EOS slide through the major support levels before recovering to $2.49 levels by mid-morning.

Falling short of the third major support level at $2.5698, EOS slid back to $2.30 levels before finding late support.

At the time of writing, EOS was up by 0.20% to $2.4521. A mixed start to the day saw EOS rise to an early morning high $2.4811 before falling to a low $2.4405.

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

EOS/USD 11/05/20 Daily Chart

For the day ahead

EOS would need to move through to $2.49 levels to bring the first major resistance level at $2.7116 into play.

Support from the broader market would be needed, however, for EOS to break out from the morning high $2.4811.

Barring an extended crypto rebound, resistance at $2.50 would likely leave EOS short of the first major support level.

Failure to move back through to $2.49 levels would see EOS slide into the red.

A fall through the morning low $2.4405 would bring the first major support level at $2.2216 into play.

Barring another extended crypto sell-off, however, EOS should steer clear of sub-$2.20 levels.

Looking at the Technical Indicators

Major Support Level: $2.2216

Major Resistance Level: $2.7116

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum tumbled by 10.63% on Sunday. Following on from a 0.78% decline on Saturday, Ethereum ended the week down 10.71% to $187.73.

Tracking the broader market, Ethereum slid from an intraday high $210.06 to a 1st-hour intraday low $180.01.

Ethereum fell through the major support levels before briefly recovering to $193 levels.

Falling short of the third major support level at $197.98, Ethereum fell back to $180 levels before finding late support.

At the time of writing, Ethereum was up by 0.86% to $189.34. A bullish start to the day saw Ethereum rise from an early morning low $187.65 to a high $191.23.

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

ETH/USD 11/05/20 Daily Chart

For the day ahead

Ethereum would need to move through to $192.60 levels to bring the first major resistance level at $205.19 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $191.23.

Barring a broad-based crypto rebound, resistance at $200 would likely pin Ethereum back on the day.

Failure to move back through to $192.60 levels could see Ethereum fall back into the red.

A fall back through the morning low $187.65 would bring the first major support level at $175.14 into play.

Barring another extended sell-off, however, Ethereum should avoid sub-$180 levels.

Looking at the Technical Indicators

Major Support Level: $175.14

Major Resistance Level: $205.19

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 8.68% on Sunday. Following on from a 0.97% decline on Saturday, Ripple’s XRP ended the week down 10.06% to $0.19721.

The Sunday meltdown saw Ripple’s XRP slide from an intraday high $0.21622 to a 1st-hour intraday low $0.17501.

Ripple’s XRP slid through the major support levels before briefly revisiting $0.20 levels by mid-morning.

The partial recovery saw Ripple’s XRP move back through the third major support level at $0.1999 before sliding back to sub-$0.19 levels.

Finding support from the broader market, however, Ripple’s XRP wrapped up the day at $0.19 levels.

At the time of writing, Ripple’s XRP was down by 0.16% to $0.19689. A mixed start to the day saw Ripple’s XRP rise from an early morning low $0.19682 to a high $0.20000.

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

XRP/USD 11/05/20 Daily Chart

For the day ahead

Ripple’s XRP will need to move back through to $0.20 levels to bring the first major resistance level at $0.2173 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.20000.

Barring an extended crypto rebound, resistance at $0.20000 would likely leave Ripple’s XRP short of the major resistance levels.

Failure to move back through to $0.20 levels could see Ripple’s XRP fall deeper into the red.

A fall through the morning low $0.19682 would bring sub-$0.0.19 levels into play before any recovery.

Barring another crypto meltdown, however, Ripple’s XRP should steer clear of the first major support level at $0.1761.

Looking at the Technical Indicators

Major Support Level: $0.1761

Major Resistance Level: $0.2173

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 – 10/05/20

EOS

EOS rose by 0.03% on Saturday. Following a 0.64% decline on Friday, EOS ended the day at $2.7514.

A bearish start to the day saw EOS fall to an early morning intraday low $2.7328 before making a move.

Steering clear of the first major support level at $2.6918, EOS recovered to $2.81 levels before falling back to $2.73 levels.

Finding support in the afternoon, however, EOS rallied to a late afternoon intraday high $2.8343.

EOS broke through the first major resistance level at $2.8165 before sliding back to $2.75 levels late in the day.

At the time of writing, EOS was down by 10.39% to $2.4655. An early morning sell-off saw EOS fall from a high $2.7506 to a low $2.2606.

Steering clear of the major resistance levels, EOS fell through the major support levels at the start of the day.

EOS/USD 10/05/20 Daily Chart

For the day ahead

EOS would need to move back through major support levels to $2.77 levels to bring the first major resistance level at $2.8129 into play.

Support from the broader market would be needed, however, for EOS to break out from the first major support level at $2.7114.

Barring a broad-based crypto rebound, the first major support level at $2.7114 would likely pin EOS back.

Failure to move back through to $2.77 levels would see EOS remain in the deep red.

A fall through the morning low $2.2606 would bring sub-$2.20 levels into play.

Barring an extended crypto sell-off, however, EOS should avoid a fall back through the morning low.

Looking at the Technical Indicators

Major Support Level: $2.7114

Major Resistance Level: $2.8129

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 0.78% on Saturday. Following on from a 0.43% decline on Friday, Ethereum ended the day at $210.00.

It was also a mixed start to the day. Ethereum fell to an early low $209.25 before striking an early morning intraday high $214.79.

Falling short of the first major resistance level at $216.66, Ethereum fell to a late morning intraday low $208.27.

Steering clear of the major support level at $206.86, Ethereum recovered to $214 levels before easing back.

At the time of writing, Ethereum was down by 9.95% to $189.11. A particularly bearish start to the day saw Ethereum fall from an early morning high $210.06 to a low $180.01.

Steering clear of the major resistance levels, Ethereum fell through the major support levels at the start of the day.

ETH/USD 10/05/20 Daily Chart

For the day ahead

Ethereum would need to move back through the major support levels to $211 levels to bring the first major resistance level at $213.77 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the first major support level at $207.25.

Barring a broad-based crypto rebound, resistance at $200 would likely pin Ethereum back on the day.

Failure to move back through to $211 levels could see Ethereum remain in the deep red.

A fall back through the morning low $180.01 would bring sub-$180 levels into play before any recovery.

Barring an extended sell-off, however, Ethereum should avoid a return to the early low $180.01.

Looking at the Technical Indicators

Major Support Level: $207.25

Major Resistance Level: $213.77

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP fell by 0.97% on Saturday. Following on from a 0.05% decline on Friday, Ripple’s XRP ended the day at $0.21636.

It was a mixed start to the day. Ripple’s XRP recovered from an early morning low $0.21663 to strike a mid-morning intraday high $0.22506 before hitting reverse.

Steering clear of the major support levels, Ripple’s XRP broke through the first major resistance level at $0.2226.

The reversal saw Ripple’s XRP fall to a late intraday low $0.21554 before wrapping up the day at $0.2160 levels. Ripple’s XRP steered clear of the first major support level at $0.2145 late on.

At the time of writing, Ripple’s XRP was down by 9.07% to $0.19673. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.21622 to a low $0.17501.

Steering clear of the major resistance levels, Ripple’s XRP slid through the major support levels early on.

XRP/USD 10/05/20 Daily Chart

 

For the day ahead

Ripple’s XRP will need to move back through the first major support level at $0.2129 to $0.22 levels to bring the first major resistance level at $0.2224 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from the second major support level at $0.2095.

Barring a broad-based crypto rebound, the second major support level at $0.2095 would likely limit any recovery on the day.

Failure to move through to $0.2190 levels could see Ripple’s XRP remain in the deep red.

A fall through the morning low 0.17501 would bring sub-$0.17 levels into play.

Barring an extended crypt meltdown, however, Ripple’s XRP should avoid a return to sub-$0.18 levels.

Looking at the Technical Indicators

Major Support Level: $0.2129

Major Resistance Level: $0.2224

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