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

The Crypto Daily – Movers and Shakers – 28/02/20

Bitcoin rose by 0.21% on Wednesday. Partially reversing a 5.51% slide on Wednesday, Bitcoin ended the day at $8,825.6.

A bearish start to the day saw Bitcoin slide to an early morning intraday low $8,555.0 before finding support.

Steering clear of the first major support level at $8,515.3, Bitcoin recovered to a late afternoon intraday high $8,975.0.

Falling well short of the first major resistance level at $9,248.5, Bitcoin fell back to sub-$8,700 levels before moving back into the green.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a bullish day for the crypto majors.

Tron’s TRX, Ripple’s XRP, and Stellar’s Lumen led the way, with gains of 3.93%, 3.81%, and 3.06% respectively.

Binance Coin (+2.51%), Litecoin (+2.03%), and EOS (+2.31%) also found strong support.

Bitcoin Cash ABC (+1.87%), Bitcoin Cash SV (+1.68%), Cardano’s ADA (+1.33%), Ethereum (+1.72%), Monero’s XMR (+0.33%), and Tezos (+1.62%) trailed the front runners.

Through the first half of the week, the crypto total market cap rose to a Monday high $290.09bn before hitting a low Thursday low $241.84bn. At the time of writing, the total market cap stood at $254.27bn.

Bitcoin’s dominance rose to 64% levels before easing back. At the time of writing, Bitcoin’s dominance stood at 63.8%, which was still up from sub-63% levels seen on Monday.

Trading volumes recovered from sub-$160bn levels to hit a current week high $196.34bn on Thursday morning. At the time of writing, 24-hr volumes stood at $160.87bn.

This Morning

At the time of writing, Bitcoin was up by 0.65% to $8,883.3. A relatively bullish start to the day saw Bitcoin rise from an early morning low $8,792.2 to a high $8,908.3.

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

Elsewhere, it was a bullish start to the day for the majors. Binance Coin (+2.09%), Cardano’s ADA (+2.37%), and Ethereum (+2.35%) led the way early on.

Monero’s XMR trailed the back, up by just 1.04% at the time of writing.

BTC/USD 28/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the morning high $8,903 to bring the first major resistance level at $9,015.4 into play.

Support from the broader market would be needed, however, for Bitcoin to break back to $9,000 levels.

Barring a broad-based crypto recovery, the first major resistance level would likely pin Bitcoin back on the day.

In the event of a crypto rally, the second major resistance level at $9,205.2 and 38.2% FIB of $9,620 could come into play.

Failure to move back through the morning high $8,908.3 could see Bitcoin hit reverse.

A fall back through to sub-$8,790 levels would bring the first major support level at $8,595.4 into play.

Barring an extended crypto sell-off, however, Bitcoin should well steer clear of the second major support level at $8,365.2 and the 23.6% FIB of $8,200.

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

The Crypto Daily – Movers and Shakers – 26/02/20

Bitcoin slid by 3.58% on Tuesday. Following on from a 3.11% decline from Monday, Bitcoin ended the day at $9,327.5.

A bearish start to the day saw Bitcoin fall from an early morning high $9,674.9 to a mid-morning low $9,512.4 before finding support.

Steering clear of the first major support level at $9,402.87, Bitcoin recovered to a mid-day intraday high $9,691.9 before hitting reverse.

Falling short of the first major resistance level at $9,983.67, Bitcoin slid to a late intraday low $9,251.4.

Bitcoin fell through the first major support level at $9,402.87 and 38.2% FIB of $9,260.

Finding support late in the day, Bitcoin broke back through the 38.2% FIB to wrap up the day at $9,300 levels.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was another bearish day for the crypto majors.

Tezos led the way down, sliding by 12.07%.

Binance Coin (-8.32%), Bitcoin Cash ABC (-6.21%), Bitcoin Cash SV (-7.17%), Ethereum (-7.17%), Litecoin (-6.08%), Ripple’s XRP (-6.65%), and Stellar’s Lumen (-6.47%) also saw heavy losses.

Things were not much better for the rest of the pack, however.

Cardano’s ADA (-5.29%), EOS (-1.25%), Monero’s XMR (-3.48%), and Tron’s TRX (-4.65%) were also in the deep red.

Through the start of the week, the crypto total market cap rose to a Monday high $285.11bn before hitting a low Wednesday low $260.40bn. At the time of writing, the total market cap stood at $262.08bn.

Bitcoin’s dominance was on the rise at the start of the week. At the time of writing, Bitcoin’s dominance stood at 64.2%, up from sub-63% levels earlier in the day on Monday.

Trading volumes recovered from sub-$160bn levels to hit a current week high $165.37 on Wednesday morning. At the time of writing, 24-hr volumes stood at $165.37bn.

This Morning

At the time of writing, Bitcoin was down by 1.22% to $9,213.4. A bearish start to the day saw Bitcoin fall from an early morning high $9,385.9 to a low $9,130.0.

Steering clear of the major resistance levels, Bitcoin fell through the 38.2% FIB of $9,260 and the first major support level at $9,155.30.

Elsewhere, it was another sea of red across the crypto-board.

Tron’s TRX and Bitcoin Cash SV led the way, with losses of 9.18% and 9.21% respectively.

Binance Coin (-4.64%), Cardano’s ADA (-5.91%), EOS (-4.96%), Litecoin (-4.04%), Ripple’s XRP (-4.73%), and Stellar’s Lumen (-5.00%) were also in the deep red.

Through the early part of the day, Monero’s XMR saw a modest loss of 2.48% relative to the rest of the pack.

BTC/USD 26/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $9,420 levels to bring the first major resistance level at $9,595.80 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through the 38.2% FIB of $9,260.0.

Barring a broad-based crypto rebound, resistance at $9,400 would likely leave Bitcoin short of the first major resistance level at $9,595.80.

Failure to move back through to $9,420 levels could see Bitcoin fall deeper into the red.

A fall back through the morning low $9,130.0 would bring the second major support level at $8,983.10 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$9,000 levels.

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

The Crypto Daily – Movers and Shakers – 24/02/20

Bitcoin rallied by 3.33% on Sunday. Reversing a 0.31% fall from Saturday, Bitcoin ended the week up by 0.60% to $9,985.0.

A bullish start to the day saw Bitcoin rally from an early morning intraday low $9,660.0 to a late morning intraday high $10,001.0.

Steering clear of the major support levels, Bitcoin broke through the day’s major resistance levels.

A pullback to sub-$9,900 levels going into the afternoon saw Bitcoin fall back through the third major resistance level at $9,956.83.

Through the late part of the day, however, Bitcoin broke back through the third major resistance level to close out the week at $9,985.0.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a bullish day for the crypto majors.

Monero’s XMR led the way, rallying by 8.13%, with Bitcoin Cash ABC (+7.93%) and EOS (+7.03%) close behind.

Tezos (+6.85%), Litecoin (+6.58%), and Tron’s TRX (+6.54%) also made solid gains.

Binance Coin (+4.23%), Bitcoin Cash SV (+5.50%), Cardano’s ADA (+5.85%), Ethereum (+5.17%), Ripple’s XRP (3.12%), and Stellar’s Lumen (+4.42%) trailed the front runners.

For a number of the majors, Sunday’s rally failed to reverse losses from earlier in the week.

Tron’s TRX led the way down, falling by 3.81%, with Monero’s XMR (-3.53%) close behind.

Binance Coin (-1.93%), Bitcoin Cash ABC (-2.99%), Ripple’s XRP (-2.93%), and Stellar’s Lumen (-1.55%) also saw red.

It was a bullish week for the rest of the majors, however, with Tezos rallying by 8.6% to lead the way.

Bitcoin Cash SV (+3.65%), Cardano’s ADA (+0.40%), EOS (+0.33%), Ethereum (+6.54%), and Litecoin (+6.90%) also joined Bitcoin in the green.

Through the week, the crypto total market cap fell to a Monday low $273.33bn before hitting a Thursday high $297.79bn. On Thursday, the market cap fell back to sub-$275bn levels before support kicked in. At the time of writing, the total market cap stood at $283.65bn.

Bitcoin’s dominance held steady late in the week. At the time of writing, Bitcoin’s dominance stood at 62.8%, up from a week low 62.02% on Wednesday.

Trading volumes eased back from $196bn levels seen on Monday. At the time of writing, 24-hr volumes stood at $146.79bn.

This Morning

At the time of writing, Bitcoin was down by 2.21% to $9,764.6. A mixed start to the day saw Bitcoin rise to an early morning high $10,022.0 before sliding to a low $9,562.8.

Steering clear of the major resistance levels, Bitcoin fell through the first major support level at $9,763.0.

Elsewhere, it was a sea of red across the crypto-board, with Tezos sliding by 7.10% to lead the way down.

Binance Coin saw modest losses relative to the pack, down by 1.8% at the time of writing.

BTC/USD 24/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $9,880 levels to bring the first major resistance level at $10,104.0 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from this morning’s high $10,022.0.

Barring an extended crypto rally, the first major resistance level at $10,104.0 would likely cap any upside.

Failure to move back through to $9,880 levels could see Bitcoin fall deeper into the red.

A fall through to sub-$9,600.0 levels would bring the second major support level at $9,541.0 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$9,500.

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

The Crypto Daily – Movers and Shakers – 23/02/20

Bitcoin fell by 0.31% on Saturday. Partially reversing a 0.87% gain from Friday, Bitcoin ended the day at $9,663.0.

A bearish start to the day saw Bitcoin slide from an early intraday high $9,719.9 to a mid-morning intraday low $9,565.1.

Steering clear of the major resistance levels, Bitcoin fell through the first major support level at $9,586.37.

Finding support through the rest of the day, however, Bitcoin bounced back to $9,700 levels before easing back at the day end.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was another mixed day for the crypto majors.

Tezos led the way down on Saturday, sliding by 5.11%.

Bitcoin Cash ABC (-1.59%), Bitcoin Cash SV (-3.29%), Ethereum (-1.40%), Monero’s XMR (-1.62%), and Stellar’s Lumen (-1.53%) also saw relatively heavy losses.

Binance Coin (-0.99%), Cardano’s ADA (-0.61%), and Tron’s TRX (-0.41%) saw modest losses on the day.

EOS (+1.80%), Litecoin (+1.99%), and Ripple’s XRP (+0.36%) bucked the trend on the day.

Through the current week, the crypto total market cap fell to a low $273.33bn before hitting a Thursday high $297.79bn. On Thursday, the market cap fell back to sub-$275bn levels before support kicked in. At the time of writing, the total market cap stood at $282.49bn.

Bitcoin’s dominance held steady late in the week. At the time of writing, Bitcoin’s dominance stood at 62.8%, up from a current week low 62.02% from Wednesday.

Trading volumes continued to ease back from $196bn levels seen on Monday. At the time of writing, 24-hr volumes stood at $126.13bn.

This Morning

At the time of writing, Bitcoin was up by 1.42% to $9,799.9. A bullish start to the day saw Bitcoin rise from an early morning low $9,660.0 to a high $9,824.5.

Steering clear of the major support levels, Bitcoin broke through the first major resistance level at $9,732.97 and second major resistance level at $9,802.93.

Elsewhere, it’s been a bullish start to the day for the majors.

Tezos led the way early on, rallying by 4.60%, with Tron’s TRX up by 3.26%

BTC/USD 23/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $9,800 levels to bring the third major resistance level at $9,956.83 back into play.

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

Barring an extended crypto rally, the second major resistance level at $9,802.93 would likely continue to cap any upside.

In the event of another breakout, Bitcoin could eye a return to $10,000 levels.

Failure to move back through to $9,800 levels could see Bitcoin fall hit reverse.

A fall through the morning low $9,660.0 would bring the first major support level at $9,579.07 into play.

Barring a crypto sell-off, Bitcoin should steer clear of sub-$9,500 and the second major support level at $9,495.13.

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

The Crypto Daily – Movers and Shakers – 21/02/20

Bitcoin rose by 0.18% on Thursday. Following a 5.81% slide on Wednesday, Bitcoin ended the day at $9,608.1.

It was range-bound through most of the day, with Bitcoin moving within a $150 spread through the morning. In the late afternoon, Bitcoin fell to an intraday low $9,359.7 before striking an intraday high $9,699.9.

Steering clear of the major support and resistance levels, Bitcoin eased back to sub-$9,600 levels.

Bitcoin recovered to $9,600 levels, however, to close out the day in the green.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a mixed day for the crypto majors.

Tezos led the way on Thursday, rising by 2.20%.

Cardano’s ADA (+1.59%), EOS (+0.85%), and Stellar’s Lumen (+1.04%) also joined Bitcoin in the green.

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

Bitcoin Cash ABC led the way down, falling by 1.92%.

Bitcoin Cash SV (-1.01%), Litecoin (-1.49%), Monero’s XMR (-1.47%), Ripple’s XRP (-1.25%), and Tron’s TRX (-1.54%) also saw relatively heavy losses.

Binance Coin (-0.98%), Ethereum (-0.43%) and Binance Coin (-0.98%) saw more modest losses on the day.

Through the current week, the crypto total market cap fell to a low $273.33bn before hitting a Tuesday high $297.09bn. On Thursday, the market cap fell back to a low $274.75bn before support kicked in. At the time of writing, the total market cap stood at $280.67bn.

Bitcoin’s dominance picked up on Thursday, following Bitcoin’s modest gain. At the time of writing, Bitcoin’s dominance stood at 62.8%, up from a current week low 62.02% from Wednesday.

While trading volumes eased back from $196bn levels seen on Monday, volumes hit $186bn levels on Thursday before falling back. At the time of writing, 24-hr volumes stood at $163.82bn.

This Morning

At the time of writing, Bitcoin was up by 0.93% to $9,697.5. A bullish start to the day saw Bitcoin rise from an early morning low $9,576.6 to a high $9,750.0

Steering clear of the major support levels, Bitcoin came within range of the first major resistance level at $9,752.1 early on.

Elsewhere, it was a bullish start to the day for the majors.

Litecoin led the way, rallying by 3.29%. Bitcoin Cash ABC (+2.29%), EOS (+2.45%), and Monero’s XMR (+2.10%) also found support early.

Binance Coin (+0.47%) and Tezos (+0.59%) trailed the back through the morning.

BTC/USD 21/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through to $9,700 levels to bring the first major resistance level at $9,752.1 back into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $9,7000 levels.

Barring an extended crypto rally, the first major resistance level at $9,752.1 would likely cap any upside.

In the event of another breakout, Bitcoin could test the second major resistance level at $9,896.1 before any pullback.

Failure to move back through to $9,700 levels could see Bitcoin fall hit reverse.

A fall through the morning low $9,576.6 to sub-$9,550 levels would bring the first major support level at $9,411.90 into play.

Barring a crypto sell-off, Bitcoin should steer clear of sub-$9,400 support levels.

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

The Crypto Daily – Movers and Shakers – 19/02/20

Bitcoin rallied by 4.86% on Tuesday. Reversing a 2.19% decline from Monday, Bitcoin ended the day at $10,184.0.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $9,637.9 before finding support.

Steering clear of the first major support level at $9,483.27, Bitcoin rallied to a late intraday high $10,275.0.

Bitcoin broke through the first major resistance level at $9,950.97 and the second major resistance level at $10,193.93.

It was a choppy end to the day, however. Bitcoin fell back through the second major support level to limit the upside on the day. Holding on to $10,000 levels was key for the week ahead, however.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin failing to break out from $10,000 levels.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a mixed day for the crypto majors.

Tezos (+8.25%), Litecoin (+5.41%), Ethereum (+5.63%), and EOS (+5.25%) led the way on the day.

Binance Coin (+2.68%), Bitcoin Cash ABC (+2.71%), Cardano’s ADA (+4.22%), Monero’s XMR (+4.90%), Ripple’s XRP (+3.77%), Stellar’s Lumen (+4.42%), and Tron’s TRX (+3.48%) also made strong gains.

Bitcoin Cash SV bucked the trend on the day, falling by 0.75%.

Through the start of the week, the crypto total market cap fell to a low $273.33bn before hitting a Tuesday high $297.09bn. At the time of writing, the total market cap stood at $295.57bn.

Bitcoin’s dominance continued to sit at sub-63% levels in the early part of the week. Bitcoin saw relatively modest gains after taking a hit on Monday. At the time of writing, Bitcoin’s dominance stood at 62.4%.

Trading volumes eased back from $196bn levels seen on Monday to sub-$180bn levels on Tuesday. At the time of writing, 24-hr volumes stood at $173.77bn.

This Morning

At the time of writing, Bitcoin was down by 0.34% to $10,149.0. A mixed start to the day saw Bitcoin fall from an early morning high $10,199.0 to a low $10,134.0.

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

Elsewhere, it was a mixed start to the day, with Bitcoin Cash SV rising by 0.13% to buck the trend once more.

With the rest of the pack in the red, Bitcoin Cash ABC, Tezos and Tron’s TRX led the way down, with losses of 1.57, 0.92%, and 0.81% respectively.

BTC/USD 19/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through to $10,200 levels to bring the first major resistance level at $10,426.70 into play.

Support from the broader market would be needed, however, for Bitcoin to break back out from Tuesday’s high $10,275.

Barring a broad-based crypto rebound, resistance at $10,200 would likely leave Bitcoin short of the first major resistance level.

In the event of another breakout, $10,500 levels could come back into play before any pullback. We would expect Bitcoin to fall well short of the second major support level at $10,669.4, however.

Failure to move through to $10,200 levels could see Bitcoin fall deeper into the red.

A fall through to sub-$10,030 levels would bring the first major support level at $9,789.6 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the sub-$9,700 levels on the day.

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

The Crypto Daily – Movers and Shakers – 17/02/20

Bitcoin rose by 0.26% on Sunday. Partially reversing a 4.2% slide from Saturday, Bitcoin ended the week down by 2.22% to $9,926.8.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $10,037.00 before hitting reverse.

Falling short of the first major resistance level at $10,249.27, Bitcoin tumbled to a late afternoon intraday low $9,651.30.

Bitcoin fell through the first major support level at $9,676.27 before recovering to $9,800 levels.

A late rebound was needed, however, to reverse losses from the day. Bitcoin struck a 2nd half of a day high $9,999.40 in the final hour before easing back.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, supported by last week’s loss.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a mixed day for the crypto majors.

Bitcoin Cash SV and EOS led the way down with losses of 8.44% and 7.68% respectively.

Binance Coin (-3.79%), Bitcoin Cash ABC (-4.22%), Cardano’s ADA (-4.44%), Ripple’s XRP (-4.76%), Stellar’s Lumen (-3.19%), and Tron’s TRX (-5.40%) also saw heavy losses.

Ethereum (-2.39%), Litecoin (-2.68%), and Monero’s XMR (-1.66%) saw relatively modest losses.

Tezos joined Bitcoin in the green on the day, rising by 1.09%.

It was also a mixed week for the majors, in the week ending 16th February.

Bitcoin Cash SV and EOS slid by 18.13% and 12.34% to lead the way down.

Binance Coin (-4.34%), Bitcoin Cash ABC (-7.75%), Cardano’s ADA (-0.80%), and Litecoin (-3.10%) also saw red.

It was a bullish week for the rest of the pack, however, with Tezos rallying by 22.37% to lead the way.

Ethereum (+12.98%), Monero’s XMR (+0.11%), Ripple’s XRP (+3.58%), Stellar’s Lumen (+2.79%), and Tron’s TRX (+1.13%) also saw green.

Through the week, the crypto total market cap rose from a Tuesday low $279.65bn to a Saturday week high $308.72bn. A bearish weekend led to a pullback to sub-$300bn levels, however. The total market cap fell to a Sunday week low $278.56bn before support kicked in. At the time of writing, the total market cap stood at $283.39bn.

Bitcoin’s dominance slipped back through the week from 63.7% to sub-62% levels before recovering. At the time of writing, Bitcoin’s dominance stood at 63.3%.

Trading volumes were on the rise, however, jumping to $195bn levels on Thursday before easing back. Volumes had stood at sub-$130bn levels in the early part of the week. At the time of writing, 24-hr volumes stood at $172.97bn.

This Morning

At the time of writing, Bitcoin was down by 0.77% to $9,849.90. A bearish start to the day saw Bitcoin fall from an early morning high $9,969.2 to a low $9,815.00.

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

Elsewhere, it was also a bearish start to the day.

Stellar’s Lumen (-4.47%), Tezos (-4.10%), and Tron’s TRX (-4.20%) led the way down early on.

Bitcoin Cash ABC (-3.25%), Bitcoin Cash SV (-3.50%), EOS (-3.13%), and Litecoin (-2.81%) also struggled.

Binance Coin (-2.03%), Ethereum (-2.02%), and Ripple’s XRP (-1.83%) saw modest gains relative to the rest of the pack early on.

BTC/USD 17/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $9,870 levels to bring the first major resistance level at $10,092.10 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $10,000 levels.

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

Failure to move back through to $9,870 levels could see Bitcoin fall deeper into the red.

A fall back through the morning low $9,815.00 would bring the first major support level at $9,706.40 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the sub-$9,600 levels on the day.

The Crypto Daily – Movers and Shakers – 16/02/20

Bitcoin fell by 4.2% on Saturday. Reversing a 1.1% gain from Friday, Bitcoin ended the day at $9,900.9.

Bearish throughout the day, Bitcoin fell from an early morning intraday high $10,373.0 to a late afternoon intraday low $9,800.0.

Bitcoin fell through the first major support level at $10,166.33 and the second major support level at $9,997.67.

Steering clear of sub-$9,800 levels, Bitcoin bounced back to an afternoon high $10,087.0 before sliding back into the deep red.

The reversal saw Bitcoin fall back through the second major support level at $9,997.67.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the current upward trend.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a bearish day for the crypto majors.

Bitcoin Cash SV (-13.96%), Bitcoin Cash ABC (-11.63%), EOS (-11.38%), and Tron’s TRX (-10.56%) saw double digit percentage losses.

Binance Coin (-8.32%), Cardano’s ADA (-9.23%), Ethereum (-7.35%), Litecoin (-7.92%), Ripple’s XRP (-8.42%), and Stellar’s Lumen (-9.50%) also saw heavy losses.

Monero’s XMR fell by 6.65%, faring better than the pack on the day.

Through the current week, the crypto total market cap fell to a Tuesday low $279.65bn before rising to a Thursday high $308.04bn. At the time of writing, the total market cap stood at $295.21bn.

Bitcoin’s dominance slipped back through the week from 63.7% to 61.6% at the time of writing.

Trading volumes were on the rise, however, jumping to $195bn levels on Thursday before easing back. Volumes had stood at sub-$130bn levels in the early part of the week. At the time of writing, 24-hr volumes stood at $172.87bn.

This Morning

At the time of writing, Bitcoin was up by 0.88% to $9,988.1. A bullish start to the day saw Bitcoin rise from an early morning low $9,860.00 to a high $10,037.0.

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

Elsewhere, it was also a bullish start to the day.

Bitcoin Cash ABC (+3.21%), Cardano’s ADA (+3.23%), Litecoin (+4.00%), and Tron’s TRX (+3.38%) led the way early on.

Binance Coin (+2.26%), Bitcoin Cash SV (+2.25%), Ethereum (+2.50%), Ripple’s XRP (+2.42%), Stellar’s Lumen (+2.17%), and Tezos (+3.00%) also found strong support.

EOS trailed the pack, up by just 1.17% at the time of writing.

BTC/USD 16/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $10,025 levels to bring the first major resistance level at $10,249.27 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning nigh $10,037.0.

Barring an extended crypto rally, resistance at $10,000 would likely leave Bitcoin short of the first major resistance level.

In the event of another breakout, Bitcoin the first major resistance level would likely pin Bitcoin back from a return to $10,400 levels.

Failure to move back through to $10,025.00 levels could see Bitcoin hit reverse.

A fall back through the morning low $9,960.00 would bring the first major support level at $9,676.27 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the sub-$9,800 levels on the day.