EOS

EOS slid by 5.35% on Tuesday. Following on from a 2.60% decline on Monday, EOS ended the day at $3.5778.

It was a bullish start to the day. EOS rose to an early morning intraday high $3.8280 before hitting reverse.

Falling short of the first major resistance level at $3.9174, EOS slid to an early afternoon intraday low $3.4582.

EOS fell through the first major support level at $3.6473 and the second major support level at $3.5153.

Finding support through the afternoon, EOS briefly revisited $3.68 levels before falling back through the first major support level.

At the time of writing, EOS was down by 4.95% to $3.4008. A mixed start to the day saw EOS rise to an early morning high $3.6295 before falling to a low $3.3424.

EOS fell through the first major support level at $3.4097 early on.

For the day ahead

EOS would need to move through the first major support level at $3.4097 and the $3.626 pivot level to support a run at the first major resistance level at $3.7944.

Support from the broader market would be needed, however, for EOS to break out from the morning high $3.6295.

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

Failure to move through the first major support level and the pivot level at $3.6263 would bring the second major support level at $3.2416 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$3.20 levels. The third major support level sits at $2.8569.

Looking at the Technical Indicators

First Major Support Level: $3.4097

Pivot Level: $3.6263

First Major Resistance Level: $3.7944

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 2.13% on Tuesday. Following on from a 0.51% decline on Monday, Ethereum ended the day at $422.31.

A bullish start to the day saw Ethereum rise to an early morning intraday high $434.27 before hitting reverse.

Falling short of the first major resistance level at $445.83, Ethereum slid to an early afternoon intraday low $414.55.

Ethereum fell through the first major support level at $418.83 before finding support. Late in the day, Ethereum revisited $429 levels before falling back to $422 levels.

At the time of writing, Ethereum was down by 2.93% to $409.95. It was a mixed start to the day. Ethereum rose to an early morning high $426.97 before falling to an early morning low $406.12.

Ethereum fell through the first major support level at $413.15 early on.

For the day ahead

Ethereum would need to move through the first major support level and the $423.71 pivot to support a run at the first major resistance level at $432.87.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $426.97.

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

Failure to move through the first major support level and the $423.71 pivot would bring the second major support level at $403.99 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$400 levels. The third major support level sits at $384.27.

Looking at the Technical Indicators

First Major Support Level: $413.15

Pivot Level: $423.71

First Major Resistance Level: $432.87

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 3.98% on Tuesday. Reversing a 3.51% rally from Monday, Ripple’s XRP ended the day at $0.30292.

A bullish start to the day saw Ripple’s XRP rise to an early morning intraday high $0.32168 before hitting reverse.

Falling short of the first major resistance level at $0.3289, Ripple’s XRP slid to an early afternoon intraday low $0.29810.

Ripple’s XRP fell through the first major support level at $0.3008 before finding support.

Late in the day, Ripple’s XRP briefly revisited $0.3090 levels before falling back into the deep red.

At the time of writing, Ripple’s XRP was down by 4.93% to $0.28798. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.30603 before sliding to a low $0.28620.

Ripple’s XRP fell through the first major support level at $0.2935 early on.

For the day ahead

Ripple’s XRP will need to move through the first major support level and the $0.3076 pivot to support a run at the first major resistance level at $0.3170.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.30603.

Barring an extended crypto rally, 23.6% FIB of $0.3134 and the first major resistance level should cap any upside.

Failure to move through the first major support level and the $0.3076 pivot would bring the second major support level at $0.2840 into play.

Barring an extended crypto sell-off, Ripple’s XRP should avoid sub-$0.28 levels on the day.

The third major support level sits at $0.2604.

Looking at the Technical Indicators

First Major Support Level: $0.2935

Pivot Level: $0.3076

First Major Resistance Level: $0.3170

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

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Thanks, Bob

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