EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 29/02/20

EOS

EOS fell by 2.56% on Friday. Reversing a 2.31% gain from Thursday, EOS ended the day at $3.4287.

A mixed start to the day saw EOS rise to an early morning intraday high $3.6212 before hitting reverse.

Falling short of the first major resistance level at $3.7749, EOS slid to a mid-day intraday low $3.3535.

EOS fell through the first major support level at $3.4250 before recovering. Finding support late on, EOS struck a high $3.6100 before falling back to $3.52 levels.

At the time of writing, EOS was up by 0.44% to $3.5444. A bullish start to the day saw EOS rise from an early morning low $3.5282 to a high $3.5908.

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

EOS/USD 29/02/20 Daily Chart

For the day ahead

EOS would need to move back through to $3.60 levels to support a run at the first major resistance level at $3.6888.

Support from the broader market would be needed, however, for EOS to break out from Friday’s high $3.6812.

Barring a broad-based crypto rally, the first major resistance level would likely leave EOS short of $3.70 levels once more.

Failure to move back through to $3.60 levels could see EOS fall back into the red.

A fall back through the morning low to sub-$3.52 levels would bring the first major support level at $3.3611 into play.

Barring an extended crypto sell-off, however, EOS should continue to steer clear of sub-$3.30 levels.

Looking at the Technical Indicators

Major Support Level: $3.3611

Major Resistance Level: $3.6888

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum slipped by 0.1% on Friday. Following a 1.72% gain from Thursday, Ethereum ended the day at $227.36.

A mixed start to the day saw Ethereum rise to an early morning intraday high $234.90 before hitting reverse.

Falling short of the first major resistance level at $237.75, Ethereum slid to a mid-day intraday low $213.63.

Ethereum fell through the first major support level at $218.75 before recovering to $230 levels. A final hour pullback to sub-$227.60 levels left Ethereum in the red for the day, however.

At the time of writing, Ethereum was up by 1.05% to $229.75. A bullish start to the day saw Ethereum rise from an early morning low $227.04 to a high $232.20.

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

ETH/USD 29/02/20 Daily Chart

For the day ahead

Ethereum would need to break back through the morning high $232.20 to bring the first major resistance level at $236.97 into play.

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

Barring a broad-based crypto rally, the first major resistance level at $236.97 should leave Ethereum short of $240 levels.

Failure to move back through the morning high could see Ethereum give up the early gains.

A fall through back through the morning low to sub-$225.30 levels would bring the first major support level at $215.70 into play.

Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$210 support levels.

Looking at the Technical Indicators

Major Support Level: $215.70

Major Resistance Level: $236.97

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 0.48% on Friday. Partially reversing a 3.81% gain from Thursday, Ripple’s XRP ended the day at $0.23764.

Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.24450 before hitting reverse.

Falling short of the first major resistance level at $0.2490, Ripple’s XRP slid to a mid-day intraday low $0.2290.

Steering clear of the first major support level at $0.2261, Ripple’s XRP recovered to $0.24 levels before falling back into the red.

At the time of writing, Ripple’s XRP was up by 0.28% to $0.23830. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.24144 before falling to a low $0.23660.

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

XRP/USD 29/02/20 Daily Chart

For the day ahead

Ripple’s XRP will need to break back through to $0.24 levels to support a run at the first major resistance level at $0.2451.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.24144.

Barring an extended crypto rally, the first major resistance levels would likely pin Ripple’s XRP back from $0.25 levels.

Failure to move back through to $0.24 levels could see Ripple’s XRP fall back into the red.

A fall back through to sub-$0.2370 levels would bring the first major support level at $0.2296 into play.

Barring an extended crypto sell-off, however, Ripple’s XRP should steer clear of sub-$0.22 levels on the day.

The second major support level at $0.2215 should limit any downside on the day.

Looking at the Technical Indicators

Major Support Level: $0.2296

Major Resistance Level: $0.2451

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 – 28/02/20

EOS

EOS rose by 2.31% on Thursday. Partially reversing a 13.10% tumble from Wednesday, EOS ended the day at $3.6174.

A mixed start to the day saw EOS fall to an early morning intraday low $3.3900 before finding support.

Steering clear of the first major support level at $3.2070, EOS rallied to a late afternoon intraday high $3.7399.

Falling short of the first major resistance level at $3.9899, EOS fell back to $3.50 levels before finding late support.

At the time of writing, EOS was up by 0.63% to $3.6402. A bullish start to the day saw EOS rise from an early morning low $3.6163 to a high $3.6812.

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

EOS/USD 28/02/20 Daily Chart

For the day ahead

EOS would need to move back through the morning high $3.6812 to support a run at the first major resistance level at $3.7749.

Support from the broader market would be needed, however, for EOS to break out from Thursday’s high $3.7399.

Barring a broad-based crypto rally, however, the first major resistance level would likely leave EOS short of $3.90 levels.

Failure to move back through to $3.6812 levels could see EOS fall back into the red.

A fall back through the morning low to sub-$3.5820 levels would bring the first major support level at $3.4250 into play.

Barring an extended crypto sell-off, however, EOS should continue to steer clear of sub-$3.30 levels.

Looking at the Technical Indicators

Major Support Level: $3.4250

Major Resistance Level: $3.7749

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 1.72% on Thursday. Partially reversing a 9.25% tumble from Wednesday, Ethereum ended the day at $227.63.

A bearish start to the day saw Ethereum fall to an early morning intraday low $209.26.

Ethereum fell through the first major support level at $217.57 and second major support level at $211.63 before finding support.

Tracking the broader market, Ethereum rallied to a late afternoon intraday high $239.00 before easing back to sub-$230 levels.

Coming up against the first major resistance level at $240.14, Ethereum fell to $222 levels before wrapping up the day at $227 levels.

At the time of writing, Ethereum was up by 1.92% to $231.99. A bullish start to the day saw Ethereum rise from an early morning low $226.61 to a high $234.90.

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

ETH/USD 28/02/20 Daily Chart

For the day ahead

Ethereum would need to break back through the morning high $234.90 to bring the first major resistance level at $237.75 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $235 levels.

Barring a broad-based crypto rebound, the first major resistance level at $237.75 should leave Ethereum short of $240 levels.

Failure to move back through the morning high could see Ethereum give up the early gains.

A fall through back through to sub-$229 levels would bring the first major support level at $218.75 into play.

Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$210 support levels.

Looking at the Technical Indicators

Major Support Level: $218.75

Major Resistance Level: $237.75

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP rallied by 3.81% on Thursday. Partially reversing a 9.15% tumble from Wednesday, Ripple’s XRP ended the day at $0.23846.

A bearish start to the day saw Ripple’s XRP fall to an early morning intraday low $0.22431 before making a move.

Steering clear of the major support levels, Ripple’s XRP rallied to a late afternoon intraday high $0.24725.

Falling short of the first major resistance level at $0.2490, Ripple’s XRP fell back to sub-$0.24 levels to limit the upside on the day.

At the time of writing, Ripple’s XRP was up by 1.52% to $0.24209. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.23839 to a high $0.24450.

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

XRP/USD 28/02/20 Daily Chart

For the day ahead

Ripple’s XRP will need to break back through the morning high $0.24450 to support a run at the first major resistance level at $0.2490.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Thursday’s high $0.24725.

Barring a crypto rebound, resistance at $0.2450 would likely leave Ripple’s XRP short of the first major resistance level.

Failure to move through the morning high $0.24450 could see Ripple’s XRP fall back into the red.

A fall back through the morning low $0.23839 to sub-$0.2370 levels would bring the first major support level at $0.2261 into play.

Barring an extended crypto sell-off, however, Ripple’s XRP should steer clear of sub-$0.22 levels on the day.

Looking at the Technical Indicators

Major Support Level: $0.2261

Major Resistance Level: $0.2490

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 – 27/02/20

EOS

EOS tumbled by 13.10% on Wednesday. Following on from a 1.25% fall on Tuesday, EOS ended the day at $3.5377.

A mixed start to the day saw EOS rise to an early morning intraday high $4.1114 before sliding to an early morning intraday low $3.7700.

Steering clear of the major resistance levels, EOS fell through the first major support level at $3.9051.

Finding support through the late morning, EOS broke back through the first major support level to $3.98 levels before hitting reverse.

EOS fell through the major support levels to a late afternoon intraday low $3.3285.

Finding support late on, EOS broke back through the third major support level at $3.3775 to wrap up the day at $3.5 levels.

At the time of writing, EOS was up by 0.57% to $3.5579. A mixed start to the day saw EOS fall to an early morning low $3.3900 before striking a high $3.5900.

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

EOS/USD 27/02/20 Daily Chart

For the day ahead

EOS would need to move back through to $3.66 levels to support a run at the first major resistance level at $3.9899.

Support from the broader market would be needed, however, for EOS to break back through the morning high $3.5900.

Barring a broad-based crypto rally, however, the first major resistance level would likely leave EOS short of $4.00 levels.

Failure to move back through to $3.66 levels could see EOS fall back into the red.

A fall back through the morning low $3.3900 would bring the first major support level at $3.2070 into play.

Barring an extended crypto sell-off, however, EOS should continue to steer well clear of sub-$3.30 levels.

Looking at the Technical Indicators

Major Support Level: $3.2070

Major Resistance Level: $3.9899

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum tumbled by 9.25% on Wednesday. Following on from a 7.17% slide on Tuesday, Ethereum ended the day at $223.5.

A mixed start to the day saw Ethereum rise to an early morning intraday high $250.84 before hitting reverse.

Falling short of the first major resistance level at $260.35, Ethereum slid to a late afternoon intraday low $215.33.

Ethereum fell through the first major support level at $238.55 and the second major support level at $230.59. Of greater significance, however, was a fall through the 23.6% FIB of $257.00.

Through the latter part of the day, Ethereum recovered to $230 levels before falling back through the second major support level.

At the time of writing, Ethereum was down by 2.75% to $217.36. A bearish start to the day saw Ethereum fall from an early morning high $223.85 to a low $209.26.

Ethereum fell through the first major support level at $217.57 and second major support level at $211.63 before finding support.

ETH/USD 27/02/20 Daily Chart

For the day ahead

Ethereum would need to break back through the first major support level and move through to $234 levels to bring the first major resistance level at $240.14 into play.

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

Barring a broad-based crypto rebound, resistance at $230 would likely cap any upside.

Failure to move through to $234 levels could see Ethereum fall deeper into the red.

A fall through back through the second major support level would bring sub-$200 levels into play.

Barring an extended crypto sell-off, however, Ethereum should avoid a return to sub-$210 levels.

Looking at the Technical Indicators

Major Support Level: $217.57

Major Resistance Level: $240.14

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP tumbled by 9.15% on Wednesday. Following on from a 6.65% slide on Tuesday, Ripple’s XRP ended the day at $0.22933.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $0.25568 before hitting reverse.

Steering clear of the major resistance levels, Ripple’s XRP fell to a late afternoon intraday low $0.22292.

Ripple’s XRP fell through the first major support level at $0.2455 and the second major support level at $0.2381.

Through the latter part of the day, Ripple’s XRP recovered to $0.2360 levels before sliding back to sub-$0.23 levels.

The second major support level at $0.2381 pinned Ripple’s XRP back late in the day.

At the time of writing, Ripple’s XRP was up by 0.29% to $0.22999. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.22431 before striking a high $0.23140.

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

XRP/USD 27/02/20 Daily Chart

For the day ahead

Ripple’s XRP will need to break back through to $0.2360 levels to support a run at the first major resistance level at $0.2490.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.24 levels.

Barring a crypto rebound, resistance at $0.23 would likely leave Ripple’s XRP well short of the first major resistance level.

Failure to move through to $0.2360 levels could see Ripple’s XRP fall back into the red.

A fall back through the morning low $0.22431 would bring the first major support level at $0.2163 into play.

Barring an extended crypto sell-off, however, Ripple’s XRP should steer clear of sub-$0.22 levels on the day.

Looking at the Technical Indicators

Major Support Level: $0.2163

Major Resistance Level: $0.2490

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 – 26/02/20

EOS

EOS fell by 1.25% on Tuesday. Following on from a 6.10% tumble on Monday, EOS ended the day at $4.0845.

A mixed start to the day saw EOS fall to a mid-morning low $3.9996 before striking a mid-day intraday high $4.2430.

Falling short of the first major resistance level at $4.3899, EOS slid to a late intraday low $3.8947.

EOS came within range of the first major support level at $3.8883 before moving back through to $4.00 levels.

At the time of writing, EOS was down by 4.63% to $3.8953. A bearish start to the day saw EOS fall from an early morning high $4.1114 to a low $3.7700.

Steering clear of the major resistance levels, EOS fell through the first major support level at $3.9051.

EOS/USD 26/02/20 Daily Chart

For the day ahead

EOS would need to move back through the first major support level to $4.10 levels to support a run at the first major resistance level at $4.2534.

Support from the broader market would be needed, however, for EOS to break back through to $4.00 levels.

Barring a broad-based crypto rebound, however, EOS would likely fall short of $4.10 levels on the day.

Failure to move back through to $4.10 levels could see EOS fall deeper into the red.

A fall back through the morning low $3.7700 would bring the second major support level at $3.7258 back into play.

Barring an extended crypto sell-off, however, EOS should continue to steer well clear of sub-$3.70 levels.

Looking at the Technical Indicators

Major Support Level: $3.9051

Major Resistance Level: $4.2534

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum slid by 7.17% on Tuesday. Following on from a 3.69% fall on Monday, Ethereum ended the day at $246.5.

Bearish throughout the day, Ethereum fell from an early morning intraday high $266.24 to a late intraday low $244.44.

The reversal saw Ethereum fall through the 23.6% FIB of $257 and the first major support level at $254.87.

Finding support at the second major support level at $244.43, Ethereum briefly recovered to $250 levels before easing back.

At the time of writing, Ethereum was down by 3.72% to $237.33. A mixed start to the day saw Ethereum rise to an early morning high $250.84 before sliding to a low $234.00.

Steering clear of the major resistance levels, Ethereum fell through the first major support level at $238.55.

ETH/USD 26/02/20 Daily Chart

For the day ahead

Ethereum would need to break back through the first major support level and move through to $252 levels to bring the first major resistance level at $260.35 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $250 levels.

Barring a broad-based crypto rebound, resistance at $250 would likely cap any upside.

Failure to move through to $252 levels could see Ethereum fall deeper into the red.

A fall through back through the morning low $234.00 would bring the second major support level at $230.59 into play.

Barring a broad-based crypto sell-off, however, Ethereum should steer clear of sub-$230 support levels.

The second major support level at $230.59 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $238.55

Major Resistance Level: $260.35

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 6.65% on Tuesday. Following on from a 4.65% decline on Monday, Ripple’s XRP ended the day at $0.25281.

Tracking the broader market, Ripple’s XRP slid from an early morning intraday high $0.27124 to a late intraday low $0.25100.

Ripple’s XRP fell through the first major support level at $0.2613 and the second major support level at $0.2519.

Finding support late in the day, Ripple’s XRP broke back through the second major support level.

At the time of writing, Ripple’s XRP was down by 4.47% to $0.24150. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.25244 before sliding to a low $0.23410.

Ripple’s XRP fell through the first major support level at $0.2455 and the second major support level at $0.2381.

XRP/USD 26/02/20 Daily Chart

For the day ahead

Ripple’s XRP will need to break back through the first major support level and hit $0.2580 levels to support a run at the first major resistance level at $0.2657.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.25 levels.

Barring a crypto rebound, resistance at $0.25 would likely leave Ripple’s XRP short of the first major resistance level.

Failure to move back through to $0.2580 levels could see Ripple’s XRP struggle throughout the day.

A fall back through the second major support level at $0.2381 would bring sub-$0.23 levels into play.

Barring an extended crypto sell-off, however, Ripple’s XRP should steer clear of the third major support level at $0.21790.

Looking at the Technical Indicators

Major Support Level: $0.2455

Major Resistance Level: $0.2657

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 – 25/02/20

EOS

EOS tumbled by 6.10% on Monday. Partially reversing a 7.03% rally from the previous day, EOS ended the day at $4.1278.

A bearish start to the day saw EOS slide from an early morning intraday high $4.4124 to a late afternoon intraday low $3.9108.

EOS fell through the first major support level at $4.1910 and the second major support level at $3.9826.

Finding support late on, EOS moved back through the second major support level to wrap up the day at $4.1278.

At the time of writing, EOS was down by 1.45% to $4.0678. A bearish start to the day saw EOS fall from an early morning high $4.1501 to a low $4.0394.

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

EOS/USD 25/02/20 Daily Chart

For the day ahead

EOS would need to move back through to $4.15 levels to support a run at the first major resistance level at $4.3899.

Support from the broader market would be needed, however, for EOS to break out from the early morning high $4.1501.

Barring a broad-based crypto rebound, however, EOS would likely fall short of $4.30 levels on the day.

Failure to move back through to $4.15 levels could see EOS fall deeper into the red.

A fall back through the morning low $4.0394 would bring the first major support level at $3.8883 into play.

Barring an extended crypto sell-off, however, EOS should continue to steer well clear of sub-$3.80 levels.

Looking at the Technical Indicators

Major Support Level: $3.8883

Major Resistance Level: $4.3899

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell 3.69% on Monday. Partially reversing a 5.17% gain from Sunday, Ethereum ended the day at $265.31.

A bullish start to the day saw Ethereum strike an early morning intraday high $278.13 before hitting reverse.

Falling short of the first major resistance level at $280.89, Ethereum slid to a late afternoon intraday low $256.06.

Ethereum fell through the first major support level at $265.80 and the 23.6% FIB of $257.

Finding support at the second major support level at $256.12, Ethereum moved back through the 23.6% FIB.

The first major support level at $265.80 limited Ethereum’s recovery late in the day, however.

At the time of writing, Ethereum was down by 1.49% to $261.35. A bearish start to the day saw Ethereum fall from an early morning high $266.24 to a low $260.62.

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

ETH/USD 25/02/20 Daily Chart

For the day ahead

Ethereum would need to move through to $266.50 levels to bring the first major resistance level at $276.94 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $270 levels.

Barring a broad-based crypto rebound, resistance at $270 would likely cap any upside.

Failure to move through to $266.50 levels could see Ethereum fall deeper into the red.

A fall through back through the morning low $260.62 would bring 23.6% FIB of $257.00 into play.

Barring a broad-based crypto sell-off, however, Ethereum should steer clear of sub-$250 support levels.

The first major support level at $254.87 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $254.87

Major Resistance Level: $276.94

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 4.65% on Monday. Reversing a 3.12% gain from Sunday, Ripple’s XRP ended the day at $0.27078.

Tracking the broader market, Ripple’s XRP slid from an early morning intraday high $0.28578 to a late afternoon intraday low $0.26411.

Ripple’s XRP fell through the first major support level at $0.2776 and the second major support level at $0.2712.

Finding support late in the day, Ripple’s XRP broke back through the second major support level.

At the time of writing, Ripple’s XRP was down by 0.99% to $0.26810. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.27124 to a low $0.26705.

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

XRP/USD 25/02/20 Daily Chart

For the day ahead

Ripple’s XRP will need to break back through to $0.2740 levels to support a run at the first major resistance level at $0.2830.

Support from the broader market would be needed, however, for Ripple’s XRP to break through to $0.28 levels.

Barring a crypto rebound, resistance at $0.28 would likely leave Ripple’s XRP short of the first major resistance level.

Failure to move back through to $0.2740 levels could see Ripple’s XRP struggle throughout the day.

A fall back through the morning low $0.26705 would bring the first major support level at $0.2613 into play.

Barring an extended crypto sell-off, however, Ripple’s XRP should steer clear of sub-$0.26 levels on the day.

Looking at the Technical Indicators

Major Support Level: $0.2613

Major Resistance Level: $0.2830

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 – 23/02/20

EOS

EOS rose by 1.80% on Saturday. Following on from a 1.11% gain on Friday, EOS ended the day at $4.1217.

A mixed start to the day saw EOS fall to a mid-morning intraday low $3.9765 before making a move.

Steering clear of the first major support level at $3.9324, EOS rallied to a mid-day intraday high $4.1679.

Falling short of the first major resistance level at $4.1750, fell back to an afternoon low $4.0392 before finding support.

Another late recovery delivered the upside on the day.

At the time of writing, EOS was up by 4.18% to $4.2941. A bullish start to the day saw EOS rise from an early morning low $4.0925 to a high $4.3119.

EOS broke through the first major resistance level at $4.2009 and the second major resistance level at $4.2801.

EOS/USD 23/02/20 Daily Chart

For the day ahead

EOS would need to move back through to $4.30 levels to support a run at the third major resistance level at $4.4715.

Support from the broader market would be needed, however, for EOS to break out from the early morning high $4.3119.

Barring an extended crypto rally on the day, however, EOS would likely fall short of $4.40 levels.

Failure to move back through to $4.30 levels could see EOS hit reverse

A fall back through the morning low $4.0925 to sub-$4.090 levels would bring the first major support level at $4.0095 into play.

Barring an extended crypto sell-off, however, EOS should continue to steer well clear of sub-$3.80 levels. The Second major support level at $3.8973 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $4.0095

Major Resistance Level: $4.2009

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 1.40% on Saturday. Partially reversing a 3.34% rally from Friday, Ethereum ended the day at $262.08.

A bearish start to the day saw Ethereum fall from an intraday high $267.04 to a mid-morning intraday low $256.30.

While steering clear of the major support and resistance levels, Ethereum fell through the 23.6% FIB of $257 before finding support.

At the time of writing, Ethereum was up by 2.36% to $268.26. A bullish start to the day saw Ethereum rise from an early morning low $261,53 to a high $269.30.

Ethereum broke through the first major resistance level at $267.31 early on.

ETH/USD 23/02/20 Daily Chart

For the day ahead

Ethereum would need to move through to $270 levels to bring the second major resistance level at $272.55 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $269.30.

Barring an extended crypto rally, resistance at $270 would likely cap any upside.

Failure to move through to $270 levels could see Ethereum hit reverse.

A fall through back through to sub-$261.80 levels would bring 23.6% FIB of $257.00 and the first major support level at $256.57 into play.

Barring a broad-based crypto sell-off, however, Ethereum should steer clear of sub-$250 support levels.

The second major support level at $251.07 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $256.57

Major Resistance Level: $267.31

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP rose by 0.36% on Saturday. Following on from a 1.12% gain on Friday, Ripple’s XRP ended the day at $0.27554.

A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.27612 before falling to a mid-morning intraday low $0.26998.

Steering clear of the first major support level at $0.2689, Ripple’s XRP rallied to a late afternoon intraday high $0.27875.

Falling short of the first major resistance level at $0.2793, Ripple’s XRP eased back to $0.273 levels before finding late support.

At the time of writing, Ripple’s XRP was up by 1.96% to $0.28094. A bullish start to the day saw Ripple’s XRP rally from an early morning low $0.27501 to a high $0.28133.

Ripple’s XRP broke through the first major resistance level at $0.2795 early in the day.

XRP/USD 23/02/20 Daily Chart

For the day ahead

Ripple’s XRP will need to break back through to $0.2810 levels to support a run at the second major resistance level at $0.2835.

Support from the broader market would be needed, however, for Ripple’s XRP to break through to $0.2830 levels.

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

Failure to move back through to $0.2810 levels could see Ripple’s XRP hit reverse.

A fall back through the morning low $0.27501 to sub-$0.2748 levels would bring the first major support level at $0.2708 into play.

Barring an extended crypto sell-off, however, Ripple’s XRP should steer clear of sub-$0.27 levels on the day.

Looking at the Technical Indicators

Major Support Level: $0.2708

Major Resistance Level: $0.2795

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 – 22/02/20

EOS

EOS rose by 1.11% on Friday. Following on from a 0.85% gain on Thursday, EOS ended the day at $4.0447.

A mixed start to the day saw EOS fall to an early morning intraday low $3.9503 before making a move.

Steering clear of the first major support level at $3.8311, EOS rallied to a mid-day intraday high $4.1929.

EOS broke through the first major resistance level at $4.1237 before easing back to sub-$4.00 levels.

A final hour move delivered the upside on the day.

At the time of writing, EOS was up by 0.27% to $4.0556. A mixed start to the day saw EOS rise to an early morning high $4.1063 before falling to a low $4.0100.

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

EOS/USD 22/02/20 Daily Chart

For the day ahead

EOS would need to move through to $4.0650 levels to support a run at the first major resistance level at $4.1750.

Support from the broader market would be needed, however, for EOS to break out from the early morning high $4.1063.

In the event of an extended crypto rally on the day, EOS could visit $4.3 levels before any pullback.

The second major resistance level at $4.3052 would likely limit any upside, however.

Failure to move through to $4.0650 levels could see EOS hit reverse

A fall back through the morning low $4.0100 would bring the first major support level at $3.9324 into play.

Barring an extended crypto sell-off, however, EOS should steer well clear of sub-$3.80 levels. The Second major support level at $3.8200 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $3.9324

Major Resistance Level: $4.1750

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 3.34% on Friday. Reversing a 0.43% loss from Thursday, Ethereum ended the day at $265.8.

A bearish start to the day saw Ethereum fall to an early morning intraday low $254.10 before making a move.

Ethereum fell through the 23.6% FIB of $257 before rallying to a late afternoon intraday high $268.71.

Moving back through the 23.6% FIB, Ethereum also broke through the first major resistance level at $266.02.

A late pullback saw Ethereum ease back to sub-$260 levels before a final hour bounce to $265 levels.

At the time of writing, Ethereum was down by 0.90% to $263.41. A mixed start to the day saw Ethereum rise to an early morning high $267.04 before falling to a low $261.99.

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

ETH/USD 22/02/20 Daily Chart

For the day ahead

Ethereum would need to move through Friday’s high $268.71 to bring the first major resistance level at $271.64 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $270 levels.

Barring an extended crypto rally, the first major resistance level at $271.64 would likely cap any upside.

Failure to move through Friday’s high $268.71 could see Ethereum slide deeper into the red.

A fall through back through to sub-$262.90 levels would bring the first major support level at $257.03 and the 23.6% FIB of $257.00 into play.

Barring a broad-based crypto sell-off, however, Ethereum should steer clear of sub-$250 support levels.

Looking at the Technical Indicators

Major Support Level: $257.03

Major Resistance Level: $271.64

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 1.12% on Friday. Partially reversing a 1.25% fall from Thursday, Ripple’s XRP ended the day at $0.27426.

A bearish start to the day saw Ripple’s XRP fall to an early morning intraday low $0.26865 before finding support.

Steering clear of the first major support level at $0.2610, Ripple’s XRP rallied to a late afternoon intraday high $0.2790.

Falling short of the first major resistance level at $0.2812, Ripple’s XRP eased back to sub-$0.27 levels before finding late support.

Support from the broader market delivered a final hour move back into positive territory for the day.

At the time of writing, Ripple’s XRP was down by 0.20% to $0.27370.  A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.27612 before falling to a low $0.27158.

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

XRP/USD 22/02/20 Daily Chart

For the day ahead

Ripple’s XRP will need to break back through to $0.2740 levels to support a run at the first major resistance level at $0.2793.

Support from the broader market would be needed, however, for Ripple’s XRP to move through Friday’s high $0.2790.

Barring an extended crypto rally, resistance at $0.28 would likely leave Ripple’s XRP short of the second major resistance level at $0.2843.

Failure to move back through to $0.2740 levels could see Ripple’s XRP fall deeper into the red.

A fall back through the morning low $0.27158 would bring the first major support level at $0.2689 into play.

Barring an extended crypto sell-off, however, Ripple’s XRP should steer clear of sub-$0.26 on the day.

The second major resistance level at $0.2636 should limit any downside on the day.

Looking at the Technical Indicators

Major Support Level: $0.2689

Major Resistance Level: $0.2793

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 – 21/02/20

EOS

EOS rose by 0.85% on Thursday. Following a 13.48% tumble on Wednesday, EOS ended the day at $4.0020.

Relatively range-bound through the morning, EOS rose to a mid-morning high $4.0744 before falling to a late afternoon intraday low $3.7818.

Steering clear of the major support and resistance levels, EOS recovered to $4.00 levels to end the day in the green.

At the time of writing, EOS was up by 2.27% to $4.0930. A mixed start to the day saw EOS fall to an early morning low $3.9503 before striking a high $4.1544.

Steering clear of the major support levels, EOS broke through the first major resistance level at $4.1237.

EOS/USD 21/02/20 Daily Chart

For the day ahead

EOS would need to move through to $4.10 levels to support another run at the first major resistance level at $4.1237.

Support from the broader market would be needed, however, for EOS to break out from the first major resistance level.

In the event of an extended crypto rally on the day, EOS could visit $4.2 levels before any pullback. The second major resistance level at $4.2453 would likely limit any upside, however.

Failure to move through to $4.10 levels could see EOS return to the red.

A fall through to sub-$3.95 levels would bring the first major support level at $3.8311 into play.

Barring an extended crypto sell-off, however, EOS should steer well clear of sub-$3.60 levels. The Second major support level at $3.6601 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $3.8311

Major Resistance Level: $4.1237

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 0.43% on Thursday. Following an 8.71% slide on Wednesday, Ethereum ended the day at $257.40.

Tracking the broader market, Ethereum fell from an early morning intraday high $264.26 to a late afternoon intraday low $245.25.

Falling short of the major resistance, Ethreum fell through the 23.6% FIB of $257 before finding support.

Steering clear of the first major support level at $243.40, Ethereum recovered to $262 levels before falling back into the red.

At the time of writing, Ethereum was up by 0.86% to $259.62 A mixed start to the day saw Ethereum fall to an early morning low $254.10 before striking a high $264.36.

While leaving the major support and resistance levels untested, Ethereum fell through the 23.6% FIB of $257 early.

ETH/USD 21/02/20 Daily Chart

For the day ahead

Ethereum would need to move through to $260 levels to bring the first major resistance level at $266.02 back into play.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $264.36.

Barring an extended crypto rally, the first major resistance level at $266.02 would likely cap any upside.

Failure to move through to $260 levels could see Ethereum hit reverse.

A fall through back through the 23.6% FIB of $257.00 to sub-$256 levels would bring the first major support level at $247.01 into play.

Barring a broad-based crypto sell-off, however, Ethereum should steer clear of sub-$240 support levels.

Looking at the Technical Indicators

Major Support Level: $247.01

Major Resistance Level: $266.02

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP fell by 1.25% on Thursday. Following on from an 8.01% slide on Wednesday, Ripple’s XRP ended the day at $0.27106.

A bearish start to the day saw Ripple’s XRP fall from an early morning intraday high $0.28133 to a late afternoon intraday low $0.26110.

Falling short of the major resistance levels, Ripple’s XRP found support at the first major support level at $0.2607.

Ripple’s XRP recovered to $0.27 levels late in the day to limit the downside on the day.

At the time of writing, Ripple’s XRP was up by 1.89% to $0.27970. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.26865 before striking a high $0.27880.

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

XRP/USD 21/02/20 Daily Chart

For the day ahead

Ripple’s XRP will need to break through the morning high $0.27880 to support a run at the first major resistance level at $0.2812.

Support from the broader market would be needed, however, for Ripple’s XRP to break through to $0.28 levels.

Barring an extended crypto rally, resistance at $0.28 would likely pin Ripple’s XRP back from a return to $0.29 levels.

Failure to move back through the morning high could see Ripple’s XRP fall back into the red.

A fall back through to sub-$0.2710 levels would bring the first major support level at $0.2610 into play.

Barring an extended crypto sell-off, however, Ripple’s XRP should steer clear of sub-$0.26 on the day

Looking at the Technical Indicators

Major Support Level: $0.2610

Major Resistance Level: $0.2812

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 – 20/02/20

EOS

EOS tumbled by 13.48% on Wednesday. Reversing a 5.25% rally from Tuesday, EOS ended the day at $3.9719.

Relatively range-bound through the morning, EOS rose to a morning high $4.6072 before falling to a late morning low $4.4813.

Steering clear of the major support and resistance levels, EOS rose to an afternoon intraday high $4.6134 before hitting reverse.

Falling short of the first major resistance level at $4.7520, EOS tumbled to a late intraday low $3.6253.

EOS fell through the major support levels before moving back through the third major support level at $3.6901.

At the time of writing, EOS was up by 1.33% to $4.0247. A relatively bullish start to the day saw EOS rise from an early morning low $3.9546 to a high $4.0380.

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

EOS/USD 20/02/20 daily Chart

For the day ahead

EOS would need to move through to $4.0700 levels to support a run at the first major resistance level at $4.5151.

Support from the broader market would be needed, however, for EOS to break out from this morning’s high $4.0380.

Barring a broad-based crypto rebound, the first major resistance level at $4.5151 would likely be untested on the day.

Failure to move through to $4.070 levels could see EOS return to the red.

A fall through to sub-$4.00 levels would bring the first major support level at $3.5270 into play.

Barring an extended crypto sell-off, however, EOS should steer well clear of the second major support level at $3.0821.

Looking at the Technical Indicators

Major Support Level: $3.5270

Major Resistance Level: $4.5151

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum slid by 8.71% on Wednesday. Reversing a 5.63% rally from Tuesday, Ethereum ended the day at $258.66.

Tracking the broader market, Ethereum rose to a late afternoon intraday high $287.13 before hitting reverse.

Falling short of the first major resistance level at $293.71, Ethereum fell to a late intraday low $250.00.

Ethereum fell through the first major support level at $266.08 and the 23.6% FIB of $257.00 before finding support.

The late support saw Ethereum break back through the 23.6% FIB late in the day to briefly visit $260 levels.

At the time of writing, Ethereum was up by 1.70% to $263.06. A bullish start to the day saw Ethereum rise from an early morning low $257.00 to a high $264.26.

Ethereum left the major support and resistance levels untested early on. Support at the 23.6% FIB of $257 limited the downside early on.

ETH/USD 20/02/20 Daily Chart

For the day ahead

Ethereum would need to move through to $265.30 levels to bring the first major resistance level at $280.53 into play.

Support from the broader market would be needed, however, for Ethereum to break through to $280 levels.

Barring a broad-based crypto rebound, resistance at $280.00 would likely leave Ethereum short of the first major resistance level.

Failure to move through to $265.30 levels could see Ethereum hit reverse.

A fall through the morning low and 23.6% FIB of $257.00 would bring the first major support level at $243.40 into play.

Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$250 levels.

Looking at the Technical Indicators

Major Support Level: $243.40

Major Resistance Level: $280.53

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 8.01% on Wednesday. Reversing a 3.77% gain from Tuesday, Ripple’s XRP ended the day at $0.27450.

Ripple’s XRP rose from a mid-morning low $0.29049 to a late afternoon intraday high $0.30946 before hitting reverse.

Coming up against the first major resistance level at $0.3089, Ripple’s XRP tumbled to a late intraday low $0.27100.

Ripple’s XRP fell through the first major support level at $0.2820 before briefly recovering to $0.28 levels.

The first major support level at $0.2820 pinned Ripple’s XRP back late in the day, however. Ripple’s XRP fell back to $0.27 levels, ending the day in the deep red.

At the time of writing, Ripple’s XRP was up by 1.89% to $0.27970. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.27320 to a high $0.28133.

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

XRP/USD 20/02/20 Daily Chart

For the day ahead

Ripple’s XRP will need to break through to $0.2850 levels to support a run at the first major resistance level at $0.2986.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high to $0.29 levels.

Barring an extended crypto rally, resistance at $0.29 would likely pin Ripple’s XRP back from the first major resistance level.

Failure to move back through to $0.2850 levels could see Ripple’s XRP fall back into the red.

A fall back through the morning low $0.27320 to sub-$0.2710 levels would bring the first major support level at $0.2607 into play.

Barring an extended crypto sell-off, however, Ripple’s XRP should steer clear of sub-$0.27 on the day

Looking at the Technical Indicators

Major Support Level: $0.2607

Major Resistance Level: $0.2986

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 – 19/02/20

EOS

EOS rallied by 5.25% on Tuesday. Reversing a 0.68% fall from Monday, EOS ended the day at $4.5908.

A mixed start to the day saw EOS rise to a mid-morning intraday high $4.5066 before hitting reverse.

EOS broke through the first major resistance level at $4.5031 before sliding to an early afternoon intraday low $4.2795.

Steering clear of the first major support level at $4.1183, EOS bounced back to a late intraday high $4.6667.

EOS broke through the first major resistance level at $4.5031 and the second major resistance level at $4.6513.

A bearish end to the day saw EOS fall back through the second major resistance level to limit the upside.

At the time of writing, EOS was down by 0.88% to $4.5504. A bearish start to the day saw EOS fall from an early morning high $4.5908 to a low $4.5120.

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

EOS/USD 19/02/20 Daily Chart

For the day ahead

EOS would need to move through to $4.60 levels to support a run at the first major resistance level at $4.7520.

Support from the broader market would be needed, however, for EOS to break out from Tuesday’s high $4.6667.

Barring a broad-based crypto rebound, resistance at $4.60 levels would likely leave EOS short of the first major resistance level.

Failure to move through to $4.60 levels could see EOS fall deeper into the red.

A fall through to sub-$4.51 levels would bring the first major support level at $4.3443 into play.

Barring an extended crypto sell-off, however, EOS should continue to steer of sub-$4.00 levels. The Second major support level at $4.0978 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $4.3443

Major Resistance Level: $4.7520

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 5.63% on Tuesday. Following on from a 3.65% gain on Monday, Ethereum ended the day at $283.31.

Tracking the broader market, Ethereum rose to an early morning intraday high $272.00 before hitting reverse.

Falling short of the major resistance levels, Ethereum fell to an early afternoon intraday low $259.24.

Steering clear of the first major support level at $250.59, Ethereum rallied to a late intraday high $286.87.

Breaking through the first major resistance level at $277.23, Ethereum came up against the second major resistance level at $286.44 to close out at $283 levels.

At the time of writing, Ethereum was down by 1.15% to $280.05. A bearish start to the day saw Ethereum fall from an early morning high $283.60 to a low $277.82.

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

ETH/USD 19/02/20 Daily Chart

For the day ahead

Ethereum would need to move back through Tuesday’s high $286.87 to bring the first major resistance level at $293.71 into play.

Support from the broader market would be needed, however, for Ethereum to break through to $290 levels.

Barring a broad-based crypto rebound, resistance at $290.00 would likely leave Ethereum short of the first major resistance level.

Failure to move through Tuesday’s high $286.87 could see Ethereum spend the day in the red.

A fall through to sub-$276.5 levels would bring the first major support level at $266.08 into play.

Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$250 levels.

Looking at the Technical Indicators

Major Support Level: $266.08

Major Resistance Level: $293.71

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 3.77% on Tuesday. Reversing a 1.85% fall from Monday, Ripple’s XRP ended the day at $0.2984.

A choppy start to the day saw Ripple’s XRP rise to a mid-morning high $0.2950 before sliding to an early afternoon intraday low $0.27617.

Steering clear of the first major support level at $0.2732, Ripple’s XRP rallied to a late intraday high $0.3030.

Ripple’s XRP broke through the first major resistance level at $0.2981 to face resistance at $0.30 before easing back.

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

At the time of writing, Ripple’s XRP was down by 0.8% to $0.29602. A bearish start to the day saw Ripple’s XRP fall from the early morning high $0.29857 to a low $0.29317.

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

XRP/USD 19/02/20 Daily Chart

For the day ahead

Ripple’s XRP will need to break through to $0.30 levels to support a run at the first major resistance level at $0.3089.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Tuesday’s high $0.3030.

Barring an extended crypto rally, resistance at $0.30 would likely pin Ripple’s XRP back from the first major resistance level.

Failure to move back through to $0.30 levels could see Ripple’s XRP fall deeper into the red.

A fall back through the morning low $0.29317 to sub-$0.2925 levels would bring the first major support level at $0.2820 into play.

Barring an extended crypto sell-off, however, Ripple’s XRP should steer clear of sub-$0.29 on the day.

Looking at the Technical Indicators

Major Support Level: $0.2820

Major Resistance Level: $0.3089

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 – 18/02/20

EOS

EOS fell by 0.68% on Monday. Following on from a 7.68% slide on Sunday, EOS ended the day at $4.3549.

A bearish start to the day saw EOS slide from an early morning high $4.4002 to an early morning intraday low $4.0299.

In spite of the pullback, EOS steered clear of the first major support level at $4.0067 before finding support.

Through the afternoon, EOS recovered to strike a late afternoon intraday high $4.4147 before sliding back into the red. Falling short of the first major resistance level at $4.8067, eased back to wrap up the day at sub-$4.40 levels.

At the time of writing, EOS was down by 1.96% to $4.2695. A bearish start to the day saw EOS slide from an early morning high $4.3621 to a low $4.2590.

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

EOS/USD 18/02/20 Daily Chart

For the day ahead

EOS would need to move through to $4.30 levels to support a run at the first major resistance level at $4.5031.

Support from the broader market would be needed, however, for EOS to break out from Monday’s high $4.4147.

Barring a broad-based crypto rebound, resistance at $4.50 levels would likely leave EOS short of the first major resistance level.

Failure to move through to $4.30 levels could see EOS spend another day in the red.

A fall back through to sub-$4.2665 levels would bring the first major support level at $4.1883 into play.

Barring an extended crypto sell-off, however, EOS should continue to steer of sub-$4.00 levels.

Looking at the Technical Indicators

Major Support Level: $4.1183

Major Resistance Level: $4.5031

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 3.65% on Monday. Reversing a 2.39% fall from Sunday, Ethereum ended the day at $268.03.

A bearish start to the day saw Ethereum fall from an early morning high $261.5 to an early morning low $242.36.

Steering clear of the major resistance levels, Ethereum fell through the first major support level at $254.18 and the second major support level at $243.44.

The reversal also saw Ethereum fall through the 23.6% FIB of $257 before making a move.

Finding support through the afternoon, Ethereum broke back through the support levels and the 23.6% FIB to $260 levels.

Range-bound through the rest of the day, Ethereum managed to hold onto $260 levels before a final hour move back through to $268 levels.

At the time of writing, Ethereum was down by 1.00% to $265.35. A bearish start to the day saw Ethereum fall from an early morning high $268.94 to a low $263.71.

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

ETH/USD 18/02/20 Daily Chart

For the day ahead

Ethereum would need to avoid a fall back to sub-$260 levels to support a run at the first major resistance level at $277.23.

Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $269.00.

Barring a broad-based crypto rebound, resistance at $270.00 would likely leave Ethereum short of the first major resistance level.

Failure to avoid sub-$260 levels could see Ethereum spend the day in the red.

A fall through to sub-$259.80 levels would bring the first major support level at $250.59 into play.

Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$240 levels.

Looking at the Technical Indicators

Major Support Level: $250.59

Major Resistance Level: $277.23

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 1.85% on Monday. Following on from a 4.76% slide on Sunday, Ripple’s XRP ended the day at $0.28715.

A bearish start to the day saw Ripple’s XRP fall from an early morning intraday high $0.29514 to an early morning intraday low $0.27015.

Steering clear of the first major support level at $0.2691, Ripple’s XRP found support through the afternoon.

Ripple’s XRP managed to move back through to $0.288 levels before falling back into the deep red. A final hour bounce limited the loss on the day, however.

At the time of writing, Ripple’s XRP was down by 1.56% to $0.28267. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.28808 to a low $0.28130.

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

XRP/USD 18/02/20 Daily Chart

For the day ahead

Ripple’s XRP will need to break through to $0.2840 levels to support a run at the first major resistance level at $0.2981.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Monday’s high $0.29514.

Barring an extended crypto rally, resistance at $0.29 would likely pin Ripple’s XRP back from the first major resistance level.

Failure to move back through to $0.2840 levels could see Ripple’s XRP fall deeper into the red.

A fall back through the morning low $0.28130 would bring the first major support level at $0.2732 into play.

Barring an extended crypto sell-off, however, Ripple’s XRP should steer clear of sub-$0.27 on the day

Looking at the Technical Indicators

Major Support Level: $0.2732

Major Resistance Level: $0.2981

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 – 17/02/20

EOS

EOS slid by 7.68% on Sunday. Following on from an 11.38% tumble on Saturday, EOS ended the day at $4.3850.

A bullish start to the day saw EOS rise to an early morning intraday high $4.8500 before hitting reverse.

Falling short of the first major resistance level at $5.2561, EOS slid to a late afternoon intraday low $4.0500.

EOS fell through the first major support level at $4.3749 before recovering to $4.38 levels late in the day.

At the time of writing, EOS was down by 4.66% to $4.1807. A bearish start to the day saw EOS fall from an early morning high $4.4002 to a low $4.1230.

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

EOS/USD 17/02/20 Daily Chart

For the day ahead

EOS would need to move through to $4.43 levels to support a run at the first major resistance level at $4.8067.

Support from the broader market would be needed, however, for EOS to break out from the early morning high $4.4002.

Barring a broad-based crypto rebound, resistance at $4.50 levels would likely leave EOS short of the first major resistance level.

Failure to move through to $4.43 levels could see EOS struggle throughout the day.

A fall back through the morning low $4.1230 would bring the first major support level at $4.0067 into play.

Barring an extended crypto sell-off, however, EOS should steer of sub-$4.00 levels.

Looking at the Technical Indicators

Major Support Level: $4.0067

Major Resistance Level: $4.8067

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 2.39% on Sunday. Following on from a 7.35% slide on Saturday, Ethereum ended the day at $258.50.

A bullish start to the day saw Ethereum rise to an early morning intraday high $274.00 before hitting reverse.

Falling short of the first major resistance level at $282.83, Ethereum tumbled to a late afternoon intraday low $236.37.

The sell-off saw Ethereum slide through the first major support level at $254.18 and the second major support level at $243.44.

Of greater significance, however, was a fall through the 23.6% FIB of $257.

Finding support late in the day, Ethereum broke back through the major support levels and 23.6% FIB to wrap up the day at $258 levels.

At the time of writing, Ethereum was down by 3.21% to $250.21. A bearish start to the day saw Ethereum fall from an early morning high $261.50 to a low $246.50.

While leaving the major support and resistance levels untested, Ethereum fell through the 23.6% FIB of $257.00.

ETH/USD 17/02/20 Daily Chart

For the day ahead

Ethereum would need to move back through to $256.50 levels to bring the first major resistance level at $276.21 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the 23.6% FIB.

Barring a broad-based crypto rebound, resistance at $270.00 would likely leave Ethereum short of the first major resistance level.

Failure to move through to $256.50 levels could see Ethereum spend the day in the red.

A fall back through the morning low $246.50 would bring the first major support level at $238.58 into play.

Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$230 levels.

Looking at the Technical Indicators

Major Support Level: $238.58

Major Resistance Level: $276.21

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 4.76% on Sunday. Following on from an 8.42% slide on Saturday, Ripple’s XRP ended the day at $0.29253.

Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.31862 before hitting reverse.

Falling well short of the first major resistance level at $0.3378, Ripple’s XRP tumbled to a late afternoon intraday low $0.27050.

Ripple’s XRP fell through the first major support level at $0.2855 before a bounce back to $0.29 levels.

At the time of writing, Ripple’s XRP was down by 4.01% to $0.28080. A bearish start to the day saw Ripple’s XRP slide from an early morning high $0.29255 to a low $0.27871.

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

XRP/USD 17/02/20 Daily Chart

For the day ahead

Ripple’s XRP will need to break through to $0.2940 levels to support a run at the first major resistance level at $0.3173.

Support from the broader market would be needed, however, for Ripple’s XRP to break through to $0.30 levels.

Barring an extended crypto rally, resistance at $0.29 would likely pin Ripple’s XRP back from the first major resistance level.

Failure to move back through to $0.2940 levels could see Ripple’s XRP fall deeper into the red.

A fall back through the morning low $0.27871 would bring the first major support level at $0.2691 into play.

Barring an extended crypto sell-off, however, Ripple’s XRP should steer clear of sub-$0.26 levels on the day

Looking at the Technical Indicators

Major Support Level: $0.2691

Major Resistance Level: $0.3173

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 – 16/02/20

EOS

EOS tumbled by 11.38% on Saturday. Following a 0.08% gain on Friday, EOS ended the day at $4.75.

Bearish throughout the day, EOS fell from an early morning intraday high $5.3872 to a late afternoon intraday low $4.5060.

Steering clear of the major resistance levels, EOS fell through the day’s major support levels.

Through the late part of the day, EOS found support to wrap up the day at $4.75 levels. In spite of the partial recovery, EOS failed to break back through the third major support level at $4.9214.

At the time of writing, EOS was up by 1.42% to $4.8173. A bullish start to the day saw EOS rise from an early morning low $4.6756 to a high $4.8500.

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

EOS/USD 16/02/20 Daily Chart

For the day ahead

EOS would need to move through to $4.88 levels to support a run at the first major resistance level at $5.2561.

Support from the broader market would be needed, however, for EOS to break back through to $5.00 levels.

Barring an extended crypto rally, the first major resistance level at $5.2561 would likely cap the upside on the day.

Failure to move through to $4.88 levels could see EOS give up the early gains.

A fall back through the morning low $4.6756 would bring the first major support level at $4.3749 into play.

Barring another crypto sell-off, however, EOS should steer of sub-$4.00 levels and the second major support level at $3.9999.

Looking at the Technical Indicators

Major Support Level: $4.3749

Major Resistance Level: $5.2561

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum slid by 7.35% on Saturday. Reversing a 6.67% rally from Friday, Ethereum ended the day at $264.92.

A bullish start to the day saw Ethereum rally to an early morning intraday high $290.00 before hitting reverse.

Falling short of the first major resistance level at $296.12, Ethereum tumbled to a late afternoon intraday low $261.35.

Ethereum fell through the first major support level at $268.27 before finding support.

A move back through the first major support level to $270 levels was brief, however, with Ethereum sliding back to sub-$265 levels.

At the time of writing, Ethereum was up by 2.24% to $270.86. A bullish start to the day saw Ethereum rise from an early morning low $258.00 to a high $274.00.

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

ETH/USD 16/02/20 Daily Chart

For the day ahead

Ethereum would need to move back through to $272 levels to bring the first major resistance level at $282.83 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $274.00.

Barring an extended crypto rally, resistance at $280.00 would likely leave Ethereum short of the first major resistance level.

Failure to move through to $272 levels could see Ethereum slide into the red.

A fall back through the morning low $258 would bring the 23.6% FIB of $257 and the first major support level at $254.18 into play.

Barring another crypto meltdown, however, Ethereum should steer clear of sub-$250 levels.

Looking at the Technical Indicators

Major Support Level: $254.18

Major Resistance Level: $282.83

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 8.42% on Saturday. Reversing a 2.84% gain from Friday, Ripple’s XRP ended the day at $0.30741.

A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.34639 before hitting reverse.

Coming up against the first major resistance level at $0.3463, Ripple’s XRP tumbled to a late afternoon intraday low $0.29408.

The reversal saw Ripple’s XRP fall through the first major support level at $0.3180 and the second major support level at $0.3002.

Finding support late on, Ripple’s XRP bounced back to $0.317 levels before sliding back to wrap up the day at sub-$0.31 levels.

At the time of writing, Ripple’s XRP was up by 2.67% to $0.31562. A bullish start to the day saw Ripple’s XRP rally from an early morning low $0.29912 to a high $0.31862.

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

XRP/USD 16/02/20 Daily Chart

For the day ahead

Ripple’s XRP will need to break back through to $0.3160 levels to support a run at the first major resistance level at $0.3378.

Support from the broader market would be needed, however, for Ripple’s XRP to break through to $0.32 levels.

Barring an extended crypto rally, resistance at $0.33 would likely pin Ripple’s XRP back from the first major resistance level.

Failure to move back through to $0.3160 levels could see Ripple’s XRP hit reverse.

A fall back through to sub-$0.30 levels would bring the first major support level at $0.2855 into play.

Barring another crypto sell-off, however, Ripple’s XRP should steer clear of sub-$0.30 levels on the day

Looking at the Technical Indicators

Major Support Level: $0.2855

Major Resistance Level: $0.3378

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 – 15/02/20

EOS

EOS rose by 0.08% on Friday. Following on from a 0.42% gain on Thursday, EOS ended the day at $5.3600.

A choppy start to the day saw EOS rise to an early morning intraday high $5.4234 before hitting reverse.

Falling short of the first major resistance level at $5.5044, EOS slid to a mid-morning intraday low $5.2173.

Steering clear of the first major support level at $5.1883, EOS recovered to $5.38 levels before easing back to an afternoon low $5.2760.

Finding support late on recovered to $5.30 levels to close out the day in the green.

At the time of writing, EOS was down by 1.64% to $5.2723. A mixed start to the day saw EOS rise to an early morning high $5.3872 before sliding to a low $5.2265.

Falling short of the major resistance levels, EOS fell through the first major support level at $5.2437 early on.

EOS/USD 15/02/20 Daily Chart

For the day ahead

EOS would need to move back through to $5.33 levels to support a run at the first major resistance level at $5.4498.

Support from the broader market would be needed, however, for EOS to break out from Friday’s high $5.4234.

Barring a broad-based crypto rebound, the first major resistance level at $5.4498 and Friday’s high would likely limit the upside on the day.

Failure to move back through to $5.33 levels could see EOS fall deeper into the red.

A fall back through the first major support level at $5.2437 would bring sub-$5.20 levels into play.

Barring an extended crypto sell-off, however, EOS should continue to steer of the second major support level at $5.1275.

Looking at the Technical Indicators

Major Support Level: $5.2437

Major Resistance Level: $5.4498

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 6.67% on Friday. Following on from a 0.67% gain on Thursday, Ethereum ended the day at $286.27.

A bearish start to the day saw Ethereum fall to a mid-morning intraday low $260.13 before making a move.

Steering clear of the first major support level at $255.44, Ethereum rallied to a late intraday high $287.98.

Ethereum broke through the first major resistance level at $279.70 to hit $280 for the 1st time since early July.

At the time of writing, Ethereum was down by 1.48% to $282.02. A mixed start to the day saw Ethereum rise to an early morning high $290.00 before sliding to a low $278.27.

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

ETH/USD 15/02/20 Daily Chart

For the day ahead

Ethereum would need to move back through the morning high $290.00 to bring the first major resistance level at $296.12 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $287.98 again.

Barring an extended crypto rally, resistance at $290.00 would likely leave Ethereum short of the first major resistance level.

Failure to move through to $290 levels could see Ethereum slide deeper into the red.

A fall back through to sub-$278 levels would bring the first major support level at $268.27 into play.

Barring a crypto meltdown, however, Ethereum should steer clear of sub-$270 levels.

Looking at the Technical Indicators

Major Support Level: $268.27

Major Resistance Level: $296.12

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 2.84% on Friday. Following on from a 7.4% rally on Thursday, Ripple’s XRP ended the day at $0.33589.

A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.33231 before falling to a mid-morning intraday low $0.31060.

Steering clear of the first major support level at $0.30490, Ripple’s XRP rallied to a late afternoon intraday high $0.33890.

Falling short of the first major resistance level at $0.3443, Ripple’s XRP eased back to $0.3320 levels before a late move back through to $0.3350 levels.

At the time of writing, Ripple’s XRP was up by 0.25% to $0.33674. A choppy start to the day saw Ripple’s XRP rise to an early morning high $0.34639 before sliding to a low $0.33135.

Ripple’s XRP came up against the first major resistance level at $0.3463 before sliding back to sub-$0.34 levels.

XRP/USD 15/02/20 Daily Chart

 

For the day ahead

Ripple’s XRP will need to break back through to $0.34 levels to support another run at the first major resistance level at $0.3463.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Friday’s high $0.33923 for a 2nd time.

Barring an extended crypto rally, the first major resistance level at $0.3463 would likely limit any upside.

Failure to move back through to $0.34 levels could see Ripple’s XRP fall back into the red.

A fall back through the morning low $0.33135 to sub-$0.3285 levels would bring the first major support level at $0.3180 into play.

Barring another crypto sell-off, however, Ripple’s XRP should steer clear of sub-$0.32 levels on the day

Looking at the Technical Indicators

Major Support Level: $0.3180

Major Resistance Level: $0.3463

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 – 14/02/20

EOS

EOS rose by 0.42% on Thursday. Following on from a 1.47% gain on Wednesday, EOS ended the day at $5.3555.

A choppy start to the days aw EOS rise to an early morning intraday high $5.4861 before hitting reverse.

EOS broke through the first major resistance level at $5.4429 before sliding to a late morning intraday low $5.1700.

EOS fell through the first major support level at $5.2395 before striking an afternoon high $5.4199.

Falling short of the first major resistance level, EOS fell back through the first major support level before a late recovery.

At the time of writing, EOS was up by 1.10% to $5.4142. A mixed start to the day saw EOS fall to an early morning low $5.2674 before striking a high $5.4200.

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

EOS/USD 14/02/20 Daily Chart

For the day ahead

EOS would need to move back through Thursday’s high $5.4861 to support a run at the first major resistance level at $5.5044.

Support from the broader market would be needed, however, for EOS to break through to $5.5 levels.

Barring a broad-based crypto rebound, the first major resistance level and Thursday’s high $5.4861 would likely the upside on the day.

Failure to move back through Thursday’s high could see EOS hit reverse.

A fall back through to sub-$5.3370 levels would bring the first major support level at $5.1883 into play.

Barring an extended crypto sell-off, however, EOS should continue to steer of sub-$5.00 levels. The second major support level at $5.0211 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $5.1883

Major Resistance Level: $5.5044

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 0.67% on Thursday. Following on from an 11.98% surge on Wednesday, Ethereum ended the day at $268.42.

A mixed start to the day saw Ethereum rise to an early morning high $275 before sliding to a mid-morning intraday low $253.75.

Whilst steering clear of the first major support level at $244.24, Ethereum fell through the 23.6% FIB of $257 before making a move.

Finding support from the broader market, Ethereum rallied to an early afternoon intraday high $278.01.

While breaking back through the 23.6% FIB, Ethereum fell short of the first major resistance level at $282.44 before easing back to sub-$270 levels.

At the time of writing, Ethereum was up by 0.69% to $270.26. A mixed start to the day saw Ethereum fall to an early morning low $264.01 before striking a high $270.72.

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

ETH/USD 14/02/20 Daily Chart

For the day ahead

Ethereum would need to move back through to $275 levels to bring the first major resistance level at $279.70 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Thursday’s high $278.01.

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

Failure to move through to $275 levels could see Ethereum give up the early gains.

A fall back through to sub-$267 levels would bring the first major support level at $255.44 into play.

Barring a crypto meltdown, however, Ethereum should steer clear of sub-$250 levels.

Looking at the Technical Indicators

Major Support Level: $255.44

Major Resistance Level: $279.70

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP rallied by 7.4% on Thursday. Following on from an 8.26% breakout on Wednesday, Ripple’s XRP ended the day at $0.32708.

A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.33490 before falling to a mid-morning intraday low $0.29981.

Ripple’s XRP broke through the first major resistance level at $0.3150 and the second major resistance level at $0.3258.

In spite of the mid-morning pullback, Ripple’s XRP steered clear of the first major support level at $0.2872.

Finding support in the 2nd half of the day, Ripple’s XRP rallied to an early afternoon intraday high $0.33923 before easing back.

Ripple’s XRP broke back through the first and second major resistance levels before falling back to sub-$0.32 levels.

Finding late support, Ripple’s XRP broke back through the second major resistance level to wrap up the day at $0.3270 levels.

At the time of writing, Ripple’s XRP was down by 0.03% to $0.32699. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.33231 before falling to a low $0.32245.

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

XRP/USD 14/02/20 Daily Chart

For the day ahead

Ripple’s XRP will need to break back through to $0.33 levels to support a run at the first major resistance level at $0.3443.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Thursday’s high $0.33923.

Barring an extended crypto rally, Wednesday’s high $0.30884 and resistance at $0.34 would likely limit any upside.

Failure to move back through to $0.33 levels could see Ripple’s XRP fall deeper into the red.

A fall back through the morning low $0.32245 to sub-$0.322 levels would bring the first major support level at $0.3049 into play.

Barring another crypto sell-off, however, Ripple’s XRP should steer clear of sub-$0.29 levels and the second major support level at $0.2826.

Looking at the Technical Indicators

Major Support Level: $0.3049

Major Resistance Level: $0.3443

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 – 13/02/20

EOS

EOS rose by 1.47% on Wednesday. Following on from a 7.12% rally on Tuesday, EOS ended the day at $5.3331.

A bullish start to the day saw EOS rise from an early morning intraday low $5.2556 to late morning high $5.4407.

Steering clear of the major support levels, EOS came up against the first major resistance level at $5.4404 before falling back to $5.26 levels.

The pullback was brief, however, with a broad-based crypto rally driving EOS to a late intraday high $5.4590.

EOS broke through the first major resistance level at $5.4404 before falling back to sub-$5.40 levels.

At the time of writing, EOS was up by 0.27% to $5.3475. A relatively bullish start to the day saw EOS rise from an early morning low $5.3312 to a high $5.3644.

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

EOS/USD 13/02/20 Daily Chart

For the day ahead

EOS would need to move back through to $5.35 levels to support a run at the first major resistance level at $5.4429.

Support from the broader market would be needed, however, for EOS to break out from $5.40 levels.

Barring a broad-based crypto rebound, the first major resistance level and Wednesday’s high $5.4590 would likely limit any upside on the day.

Failure to move back through to $5.35 levels could see EOS hit reverse.

A fall back through the morning low $5.3312 would bring the first major support level at $5.2395 into play.

Barring an extended crypto sell-off, however, EOS should continue to steer of sub-$5.20 levels.

Looking at the Technical Indicators

Major Support Level: $5.2395

Major Resistance Level: $5.4429

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum surged by 11.98% on Wednesday. Following on from a 6.78% rally on Tuesday, Ethereum ended the day at $266.49.

Bullish throughout the day, Ethereum rallied from an early morning intraday low $237.95 to a late intraday high $276.15.

Ethereum broke through the first major resistance level at $245.99 and the second major resistance level at $254.00.

Of greater significance on the day was a breakthrough the 23.6% FIB of $257 to come up against the third major resistance level at $276.09.

Pinned back by the third major resistance level late on, Ethereum eased back to wrap up the day at sub-$270 levels.

At the time of writing, Ethereum was up by 0.69% to $268.32. A bullish start to the day saw Ethereum rise from an early morning low $265.40 to a high $271.00.

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

ETH/USD 13/02/20 Daily Chart

For the day ahead

Ethereum would need to break back through the morning high $271.00 to bring the first major resistance level at $282.44 into play.

Support from the broader market would be needed, however, for Ethereum to break through to $280 levels.

Barring an extended crypto rally, Ethereum would likely come up short of the second major resistance level at $298.40.

Failure to move back through the morning high $271.00 could see Ethereum give up the early gains.

A fall back through the morning low $265.40 to sub-$260 levels would bring the first major support level at $244.24 into play.

Barring a crypto meltdown, however, Ethereum should steer clear of sub-$260 levels.

Looking at the Technical Indicators

Major Support Level: $244.24

Major Resistance Level: $282.44

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP rallied by 8.26% on Wednesday. Following on from a 2.75% gain on Tuesday, Ripple’s XRP ended the day at $0.30422.

Bullish throughout the day, Ripple’s XRP rallied from an early morning intraday low $0.28102 to a late intraday high $0.30884.

Steering clear of the resistance levels, Ripple’s XRP broke through the first major resistance level at $0.2871 and the second major resistance level at $0.2932.

The third major resistance level at $0.3092 capped the upside on the day. In spite of a late pullback, Ripple’s XRP wrapped up the day at $0.30 levels for the 1st time since November.

At the time of writing, Ripple’s XRP was up by 1.71% to $0.30942. A bullish start to the day saw Ripple’s XRP rally from an early morning low $0.30326 to a high $0.30942.

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

XRP/USD 13/02/20 Daily Chart

For the day ahead

Ripple’s XRP will need to break back through the morning high $0.30942 to support a run at the first major resistance level at $0.3150

Support from the broader market would be needed, however, for Ripple’s XRP to break through to $0.31 levels.

Barring an extended crypto rally, Wednesday’s high $0.30884 and first major resistance level at $0.3150 would likely limit any upside.

Failure to move back through the morning high $0.30942 could see Ripple’s XRP hit reverse.

A fall back through the morning low $0.30326 to sub-$0.30 levels would bring the first major support level at $0.2872 into play.

Barring a crypto meltdown, however, Ripple’s XRP should steer clear of sub-$0.29 levels on the day.

Looking at the Technical Indicators

Major Support Level: $0.2872

Major Resistance Level: $0.3150

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 – 12/02/20

EOS

EOS rallied by 7.12% on Tuesday. Reversing a 2.10% fall from Monday, EOS ended the day at $5.2569.

A bearish start to the day saw EOS fall to an early morning intraday low $4.7927 before making a move.

Steering clear of the first major support level at $4.7431, EOS rallied to a late afternoon intraday high $5.3000.

EOS broke through the first major resistance level at $5.0149 and the second major resistance level at $5.1867.

Range-bound through the remainder of the day, EOS found support at $5.20 levels to deliver the upside on the day.

At the time of writing, EOS was up by 0.87% to $5.3024. A bullish start to the day saw EOS rise from an early morning low $5.2556 to a high $5.3342.

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

EOS/USD 12/02/20 Daily Chart

For the day ahead

EOS would need to move back through the morning high $5.3342 to support a run at the first major resistance level at $5.4404.

Support from the broader market would be needed, however, for EOS to break out from $5.4 levels.

Barring a broad-based crypto rebound, resistance at $5.30 would likely the upside on the day.

Failure to move through the morning high $5.3342 could see EOS hit reverse.

A fall back through the morning low $5.2556 to sub-$5.1165 levels would bring the first major support level at $4.9331 into play.

Barring an extended crypto sell-off, however, EOS should continue to steer of sub-$4.80 levels.

Looking at the Technical Indicators

Major Support Level: $4.9331

Major Resistance Level: $5.4404

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 6.78% on Tuesday. Reversing a 2.60% fall from Monday, Ethereum ended the day at $237.98.

A bearish start to the day saw Ethereum fall to an early morning intraday low $217.83 before making a move.

Steering clear of the first major support level at $216.24, Ethereum rallied to a late afternoon intraday high $239.92.

Ethereum broke through the first major resistance level at $229.53 and the second major resistance level at $236.21.

In spite of a late pullback to $236 levels, Ethereum avoided a fall back through the second major resistance level.

At the time of writing, Ethereum was up by 3.22% to $245.64. A particularly bullish start to the day saw Ethereum rally from an early morning low $237.95 to a high $249.00.

Steering clear of the major support levels, Ethereum broke through the first major resistance level at $245.99 early on.

ETH/USD 12/02/20 Daily Chart

For the day ahead

Ethereum would need to break back through the first major resistance level at $245.99 to support a run at $250 levels.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $249.00.

Barring an extended crypto rally, Ethereum would likely come up short of the second major resistance level at $254.00.

Failure to move through the first major resistance level could see Ethereum give up the early gains.

A fall back through the morning low $237.95 to sub-$232 levels would bring the first major support level at $223.90 into play.

Barring a crypto meltdown, however, Ethereum should steer clear of sub-$230 levels.

Looking at the Technical Indicators

Major Support Level: $223.90

Major Resistance Level: $245.99

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 2.75% on Tuesday. Partially reversing a 3.16% slide from Monday, Ripple’s XRP ended the day at $0.28102.

A bearish start to the day saw Ripple’s XRP fall to an early morning intraday low $0.26720 before finding support.

Steering clear of the first major support level at $0.2662, Ripple’s XRP rallied to a late afternoon intraday high $0.28323.

Ripple’s XRP broke through the first major resistance level at $0.2819 before falling back to sub-$0.28 levels.

In spite of a late move back through to $0.28 levels, the first major resistance level capped the upside on the day.

At the time of writing, Ripple’s XRP was up by 1.35% to $0.28480. A bullish start to the day saw Ripple’s XRP rally from an early morning low $0.28102 to a high $0.28725.

Steering clear of the major support levels, Ripple’s XRP came up against the first major resistance level at $0.2871.

XRP/USD 12/02/20 Daily Chart

For the day ahead

Ripple’s XRP will need to break back through the first major resistance level at $0.2871 to support a run at $0.29 levels.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.28725.

Barring an extended crypto rally, resistance at $0.29 would likely leave Ripple’s XRP short of the second major resistance level at $0.2932

Failure to break back through the first major resistance level could see Ripple’s XRP struggle later in the day.

A fall back through the morning low $0.28102 to sub-$0.2770 levels would bring the first major support level at $0.2711 into play.

Barring a crypto meltdown, however, Ripple’s XRP should steer clear of sub-$0.27 levels on the day.

Looking at the Technical Indicators

Major Support Level: $0.2711

Major Resistance Level: $0.2871

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 – 11/02/20

EOS

EOS fell by 2.10% on Monday. Partially reversing a 5.22% rally from Sunday, EOS ended the day at $4.8970.

A bullish start to the day saw EOS strike an early morning intraday high $5.0328 before hitting reverse.

Falling short of the first major resistance level at $5.1077, EOS slid to a late morning intraday low $4.7340.

EOS fell through the first major support level at $4.8264 before finding support. A move back through the first major support level to hit $4.9 levels was brief.

In spite of falling back to sub-$4.9 levels, however, EOS avoided a fall back through the first major support level.

At the time of writing, EOS was down by 1.18% to $4.8391. A bearish start to the day saw EOS fall from an early morning high $4.9074 to a low $4.8189.

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

EOS/USD 11/02/20 Daily Chart

For the day ahead

EOS would need to move back through to $4.8880 levels to support a run at the first major resistance level at $5.0419.

Support from the broader market would be needed, however, for EOS to break out from Monday’s high $5.0328.

Barring a broad-based crypto rebound, resistance at $5.00 would likely the upside on the day.

Failure to move through to $4.8880 levels could see EOS fall deeper into the red.

A fall back through the morning low $4.8189 would bring the first major support level at $4.7431 into play.

Barring an extended crypto sell-off, however, EOS should continue to steer of sub-$4.60 levels.

Looking at the Technical Indicators

Major Support Level: $4.7431

Major Resistance Level: $5.0419

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 2.60% on Monday. Reversing a 2.44% rally from Sunday, Ethereum ended the day at $222.85.

A relatively bullish start to the day saw Ethereum rise to an early morning intraday high $229.60 before hitting reverse.

Falling short of the first major resistance level at $232.08, Ethereum tumbled to a late morning intraday low $216.31.

Ethereum fell through the first major support level at $224.34 and the second major support level at $219.88.

Finding support in the early afternoon, Ethereum recovered to $225 levels before falling back through the first major support level at $224.34.

A late move back through to $222 levels cut the deficit, with the second major support level preventing heavier losses late on.

At the time of writing, Ethereum was down by 1.41% to $219.70. A bearish start to the day saw Ethereum fall from an early morning high $223.39 to a low $218.41.

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

ETH/USD 11/02/20 Daily Chart

For the day ahead

Ethereum would need to move back the morning high $223 to support a run at the first major resistance level at $229.53.

Support from the broader market would be needed, however, for Ethereum to break back through Sunday’s high $229.

Barring a broad-based crypto rebound, resistance at $225 would likely leave Ethereum short of the first major resistance level at $229.53.

Failure to move through to $223 levels could see Ethereum slide deeper into the red.

A fall back through the morning low $218.41 would bring the first major support level at $216.24 into play before any recovery.

Barring an extended crypto sell-off, Ethereum should steer clear of sub-$210 levels.

Looking at the Technical Indicators

Major Support Level: $216.24

Major Resistance Level: $229.53

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 3.16% on Monday. Reversing a 1.92% gain from Sunday, Ripple’s XRP ended the day at $0.27349.

A bullish start to the day saw Ripple’s XRP rise to an early morning intraday high $0.28300 before hitting reverse.

Falling short of the first major resistance level at $0.28880, Ripple’s XRP slid to a late morning intraday day low $0.26731.

Ripple’s XRP fell through the first major support level at $0.2759 and the second major support level at $0.2695.

Finding support from the broader market, Ripple’s XRP recovered to $0.2760 levels before easing back.

At the time of writing, Ripple’s XRP was down by 1.33% to $0.26984. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.27372 to a low $0.26939.

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

XRP/USD 11/02/20 Daily Chart

For the day ahead

Ripple’s XRP will need to break back through to $0.2750 levels to support a run at the first major resistance level at $0.2819.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.28 levels.

Barring a broad-based crypto rebound, resistance at $0.28 would likely leave Ripple’s XRP short of the first major resistance level at $0.2819.

Failure to move back through to $0.2750 levels could see Ripple’s XRP struggle throughout the day.

A fall back through the Monday’s low $0.26731 would bring the first major support level at $0.2662 into play.

Barring an extended crypto sell-off, however, Ripple’s XRP should steer clear of sub-$0.26 levels on the day.

Looking at the Technical Indicators

Major Support Level: $0.2662

Major Resistance Level: $0.2819

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 – 10/02/20

EOS

EOS rallied by 5.22% on Sunday. Following on from a 3.64% rally on Saturday, EOS ended the week up by 18.38% to $5.0037.

A bullish start to the day saw EOS rally from an early morning intraday low $4.7532 to a mid-morning intraday high $5.0345.

Steering clear of the major support levels, EOS broke through the first major resistance level at $4.9256.

Through the early afternoon, EOS fell back through the first major resistance level to sub-$4.90 levels before a late rally.

EOS broke back through the first major resistance level to wrap up the day at $5.00 levels.

At the time of writing, EOS was down by 0.43% to $4.9822. A bearish start to the day saw EOS fall from an early morning high $5.0328 to a low $4.9706.

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

EOS/USD 10/02/20 Daily Chart

For the day ahead

EOS would need to move back through to $5.00 levels to support a run at the first major resistance level at $5.1077.

Support from the broader market would be needed, however, for EOS to break out from Sunday’s high $5.0345.

Barring a broad-based crypto rebound, the first major resistance would likely the upside on the day.

Failure to move through to $5.00 levels could see EOS fall deeper into the red.

A fall back through the morning low $4.9706 to sub-$4.93 levels would bring the first major support level at $4.8264 into play.

Barring an extended crypto sell-off, however, EOS should continue to steer of sub-$4.70 levels.

Looking at the Technical Indicators

Major Support Level: $4.8264

Major Resistance Level: $5.1077

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 2.44% on Sunday. Following on from a 0.07% gain on Saturday, Ethereum ended the week up 21.56% to $228.80.

Tracking the broader market, Ethereum rallied from an early intraday low $223.16 to a mid-morning intraday high $230.90.

Ethereum broke through the first major resistance level at $230.10 before sliding back to $224 levels.

Avoiding negative territory, Ethereum found support in the final hour to wrap up the day at $228 levels.

At the time of writing, Ethereum was up by 0.06% to $228.93. A mixed start to the day saw Ethereum rise to an early morning high $229.60 before falling to a low $227.57.

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

ETH/USD 10/02/20 Daily Chart

For the day ahead

Ethereum would need to move back the morning high $229.60 to support a run at the first major resistance level at $232.08.

Support from the broader market would be needed, however, for Ethereum to break back through Sunday’s high $230.90.

Barring an extended rally through the day, the first major resistance level at $232.08 would likely cap any upside.

Failure to move through the morning high $229.60 could see Ethereum hit reverse.

A fall back through to sub-$227.60 levels would bring the first major support level at $224.34 into play before any recovery.

Barring a crypto sell-off, however, Ethereum should steer clear of sub-$220 levels.

Looking at the Technical Indicators

Major Support Level: $224.34

Major Resistance Level: $232.08

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 1.92% on Sunday. Reversing a 0.75% fall from Saturday, Ripple’s XRP ended the week up 12.30% to $0.28231.

A bullish start to the day saw Ripple’s XRP rally to a mid-morning intraday high $0.28884 before hitting reverse.

Ripple’s XRP broke through the first major resistance level at $0.2846 before sliding to an early afternoon intraday low $0.2760.

Steering clear of the first major support level at $0.2668, Ripple’s XRP bounced back to $0.2840 levels late in the day.

The first major resistance level at $0.2846 pinned Ripple’s XRP back late in the day.

At the time of writing, Ripple’s XRP was down by 0.09% to $0.28205. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.28300 before falling to a low $0.28161.

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

XRP/USD 10/02/20 Daily Chart

For the day ahead

Ripple’s XRP will need to break back through to $0.2824 levels to support a run at the first major resistance level at $0.2888.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.28242.

Barring an extended crypto rally, the first major resistance level at $0.2888 would likely continue to leave Ripple’s XRP short of $0.29 levels.

Failure to move back through to $0.2824 levels could see Ripple’s XRP struggle later in the day.

A fall back through the morning low $0.28161 to sub-$0.28 levels would bring the first major support level at $0.2759 into play.

Barring an extended crypto sell-off, however, Ripple’s XRP should steer clear of sub-$0.27 levels on the day.

Looking at the Technical Indicators

Major Support Level: $0.2759

Major Resistance Level: $0.2888

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 – 09/02/20

EOS

EOS rallied by 3.64% on Saturday. Following on from a 0.08% gain on Friday, EOS ended the day at $4.7560.

A mixed start to the day saw EOS fall to an early morning intraday low $4.4338 before making a move.

EOS fell through the first major support level at $4.4966 before rallying to an early afternoon intraday high $4.8493.

The rally saw EOS break through the first major resistance level at $4.6881 and second major resistance level at $4.7870.

A relatively bearish end to the day saw EOS fall back through the second major resistance level.

At the time of writing, EOS was up by 3.72% to $4.9327. A particularly bullish start to the day saw EOS rally from an early morning low $4.7532 to a high $4.9468.

Steering clear of the major support levels, EOS fell through the first major resistance level at $4.9256.

EOS/USD 09/02/20 Daily Chart

For the day ahead

EOS would need to move back through the morning high $4.9468 to support a run at the second major resistance level at $5.0952.

Support from the broader market would be needed, however, for EOS to break through to $5.00 levels.

Barring a broad-based crypto rebound, the first major resistance would likely the upside on the day.

Failure to move through the morning high $4.9468 could hit reverse.

A fall back through the morning low $4.7532 to sub-$4.68 levels would bring the second major support level at $4.5101 into play.

Barring an extended crypto sell-off, however, EOS should continue to steer of sub-$4.70 levels.

Looking at the Technical Indicators

Major Support Level: $4.5101

Major Resistance Level: $4.9256

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 0.07% on Saturday. Following on from a 4.83% rally on Friday, Ethereum ended the day at $223.37.

A bearish start to the day saw Ethereum fall to an early morning intraday low $213.24 before making a move.

Ethereum fell through the first major support level at $215.85 before rallying to an early afternoon intraday high $228.40.

The rally saw Ethereum break through the first major resistance level at $227.69 before reversing the gains late on.

At the time of writing, Ethereum was up by 1.97% to $227.76. A bullish start to the day saw Ethereum rally from an early morning low $223.16 to a high $229.29.

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

ETH/USD 09/02/20 Daily Chart

For the day ahead

Ethereum would need to move back the morning high $229.29 to support a run at the first major resistance level at $230.10.

Support from the broader market would be needed, however, for Ethereum to break back through to $229 levels.

Barring an extended rally through the day, the first major resistance level at $230.10 would likely cap any upside.

Failure to move through the morning high $229.29 could see Ethereum hit reverse.

A fall back through the morning low $223.16 to sub-$221.70 levels would bring the first major support level at $214.94 into play before any recovery.

Barring a crypto sell-off, however, Ethereum should steer clear of sub-$220 levels.

Looking at the Technical Indicators

Major Support Level: $214.94

Major Resistance Level: $230.10

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP slipped by 0.75% on Saturday. Following on from a 1.36% fall on Friday, Ripple’s XRP ended the day at $0.2770.

A bearish start to the day saw Ripple’s XRP slide to an early morning intraday low $0.26420 before finding support.

Ripple’s XRP fell through the first major support level at $0.2748 and the second major support level at $0.2705.

Steering clear of the third major support level at $0.2601, Ripple’s XRP rallied to a late morning intraday high $0.28200.

Falling short of the first major resistance level at $0.2853, Ripple’s XRP hit reverse to end the day in the red.

At the time of writing, Ripple’s XRP was up by 2.89% to $0.2850. A bullish start to the day saw Ripple’s XRP rally from an early morning low $0.27634 to a high $0.28884.

Steering clear of the major support levels, Ripple’s XRP broke through the first major resistance level at $0.28460.

XRP/USD 09/02/20 Daily Chart

For the day ahead

Ripple’s XRP will need to break back through the morning high $0.28884 to support a run at the second major resistance level at $0.2922.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from $0.288 levels.

Barring an extended crypto rally, resistance at $0.29 would likely leave Ripple’s XRP short of the second major resistance level.

Failure to move back through the morning high to $0.28884 levels could see Ripple’s XRP struggle later in the day.

A fall back through the morning low $0.27634 to sub-$0.2740 levels would bring the first major support level at $0.2668 into play.

Barring an extended crypto sell-off, however, Ripple’s XRP should steer clear of sub-$0.26 levels on the day.

Looking at the Technical Indicators

Major Support Level: $0.2668

Major Resistance Level: $0.2846

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