Yahoo Finanza EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 30th, 2020
EOS
EOS rose by 0.51% on Monday. Following on from a 1.56% gain on Sunday, EOS ended the day at $2.3802.
A mixed start to the day for EOS. EOS rose to an early morning high $2.3780 before sliding to a late morning intraday low $2.3246.
Steering clear of the first major support level at $2.3177, EOS rallied to a late intraday high $2.4166.
EOS came up against the first major resistance level at $2.4132 before falling back to sub-$2.40 levels.
At the time of writing, EOS was up by 0.29% to $2.3870. A bullish start to the day saw EOS rise from an early morning low $2.3821 to a high $2.3870.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $2.3738 pivot level to support a run at the first major resistance level at $2.4230.
Support from the broader market would be needed, however, for EOS to break out from Monday’s high $2.4166.
Barring an extended crypto rally, the first major resistance level at $2.4230 would likely cap any upside.
Failure to avoid a fall through the $2.3738 pivot could see EOS give up Monday’s gain.
A fall through to sub-$2.37 levels would bring the first major support level at $2.3310 into play.
Barring another extended sell-off, EOS should steer clear of sub-$2.30 levels and the second major support level at $2.2818.
Looking at the Technical Indicators
Major Support Level: $2.3310
Major Resistance Level: $2.4230
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 1.28% on Monday. Following on from a 1.82% gain on Sunday, Ethereum ended the day at $227.81.
It was also a mixed start to the day. Ethereum rose to an early morning high $226.56 before sliding to a late morning intraday low $220.98.
Steering clear of the first major support level at $218.76, Ethereum rallied to a late intraday high $229.98.
Ethereum came up against the first major resistance level at $229.34 before easing back to sub-$228 levels.
At the time of writing, Ethereum was up by 0.34% to $228.59. A bullish start to the day saw Ethereum rise from an early morning low $227.81 to a high $228.69.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $226.30 pivot to support a run at the first major resistance level at $231.53.
Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $229.98.
Barring an extended crypto rally, the first major resistance level should cap any upside.
Failure to avoid a fall through the $226.30 pivot could see Ethereum return to the red.
A fall back through to sub-$225 levels would bring the first major support level at $222.53 into play.
Barring another extended sell-off, Ethereum should steer clear of sub-$215 levels. The second major support level at $217.26 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $222.53
Major Resistance Level: $231.53
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 0.16% on Monday. Following a 1.07% gain on Sunday, Ripple’s XRP ended the day at $0.17733.
Tracking the broader market, Ripple’s XRP rose to an early morning high $0.17815 before hitting reverse.
Falling short of the major resistance levels, Ripple’s XRP slid to a late morning intraday low $0.17519 before finding support.
Steering clear of the first major support level at $0.1734, Ripple’s XRP rallied to a late intraday high $0.17958.
Ripple’s XRP came within range of the first major resistance level at $0.1803 before easing back to sub-$0.1780 levels.
At the time of writing, Ripple’s XRP was up by 0.05% to $0.17742. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.17759 before falling to a low $0.17734.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to avoid a fall through the $0.17740 pivot to support a run at the first major resistance level at $0.1795.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.1790 levels.
Barring a broad-based crypto rally, Monday’s high $0.17958 and the first major resistance level would likely limit any upside.
In the event of a breakout, Ripple’s XRP should break through the second major resistance level at $0.1818 before any pullback.
Failure to avoid a fall through the $0.1774 pivot could see Ripple’s XRP hit reverse.
A fall back through to sub-$0.1770 levels would bring the first major support level at $0.1752 into play.
Barring another extended crypto sell-off, Ripple’s XRP should avoid the second major support level sits at $0.1730.
Looking at the Technical Indicators
Major Support Level: $0.1752
Major Resistance Level: $0.1795
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
This article was originally posted on FX Empire
More From FXEMPIRE:
E-mini S&P 500 Index (ES) Futures Technical Analysis – Buyers Will Face Challenge at 3072.25
European Equities: Economic Data and COVID-19 to Keep the Markets Busy
Gold Price Prediction – Prices Edge Lower Hovering near Multi-Year Highs
Natural Gas Price Prediction – Prices Surge as Hedge Funds Add to Long Positions
Square Priced For Perfection As Second Quarter Draws To A Close
