For the day ahead<\/p>\n
Ethereum would need to move through the $238.70 pivot to support a run at the first major resistance level at $241.06.<\/p>\n
Support from the broader market would be needed, however, for Ethereum to break back through to $240 levels.<\/p>\n
Barring an extended crypto rally, the first major resistance level and Wednesdays high $241.44 should cap any upside.<\/p>\n
Failure to move through the $238.70 pivot would bring the first major support level at $235.98 into play.<\/p>\n
Barring another extended sell-off, Ethereum should continue to steer clear of sub-$230 levels. The second major support level at $233.63 should limit any downside.<\/p>\n
Major Support Level: $235.98<\/p>\n
Pivot Level: $238.71<\/p>\n
Major Resistance Level: $241.06<\/p>\n
23.6% FIB Retracement Level: $257<\/p>\n
38.2% FIB Retracement Level: $367<\/p>\n
62% FIB Retracement Level: $543<\/p>\n
Ripples XRP fell by 0.92% on Wednesday. Reversing a 0.10% rise from Tuesday, Ripples XRP ended the day at $0.19740.<\/p>\n
A mixed start to the day saw Ripples XRP rise to an early morning intraday high $0.19999 before hitting reverse.<\/p>\n
Falling short of the first major resistance level at $0.2012, Ripples XRP slid to a late morning intraday low $0.19644.<\/p>\n
Steering clear of the first major support level at $0.1963, Ripples XRP recovered to $0.199 levels before easing back.<\/p>\n
At the time of writing, Ripples XRP was down by 0.44% to $0.19653. A bearish start to the day saw Ripples XRP fall from an early morning high $0.19755 to a low $0.19609.<\/p>\n
Ripples XRP left the major support and resistance levels untested early on.<\/p>\n
<\/p>\n
See more here:<\/p>\n
EOS, Ethereum and Ripple's XRP Daily Tech Analysis July 16th, 2020 - FX Empire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" For the day ahead Ethereum would need to move through the $238.70 pivot to support a run at the first major resistance level at $241.06. Continue reading