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For the day ahead

Ethereum would need to avoid a fall through the $235 pivot to support a run at the first major resistance level at $237.76.

Support from the broader market would be needed, however, for Ethereum to break out from Saturday’s high $236.97.

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

Failure to avoid a fall through the $235 pivot would bring the first major support level at $233.03 into play.

Barring another extended sell-off, Ethereum should continue to steer clear of sub-$230 levels. The second major support level at $230.27 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $233.03

Pivot Level: $235.00

First Major Resistance Level: $237.76

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 2.94% on Saturday. Following a 0.03% loss on Friday, Ripple’s XRP ended the day at $0.20019.

It was a relatively bearish start to the day. Ripple’s XRP fell to an early morning intraday low $0.19413 before making a move.

Steering clear of the first major support level at $0.1913, Ripple’s XRP struck a late afternoon intraday high $0.20232.

Ripple’s XRP broke through the first major resistance level at $0.1982 and the second major resistance level at $0.2018.

A late pullback saw Ripple’s XRP fall back to $0.19960 levels before wrapping up the day at $0.20 levels.

At the time of writing, Ripple’s XRP was up by 0.63% to $0.20145. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.19988 before striking a high $0.20150.

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

(Excerpt) Read more Here | 2020-07-19 01:00:00


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