For the day ahead

Ethereum would need to move the $234.11 pivot to support a run at the first major resistance level at $238.46.

Support from the broader market would be needed, however, for Ethereum to break back through to $235 levels.

Barring an extended crypto rally, the first major resistance level and Thursdays high $239.16 should cap any upside.

Failure to move through the $234.11 pivot would bring the first major support level at $229.07 into play.

Barring another extended sell-off, Ethereum should continue to steer clear of sub-$220 levels. The second major support level at $224.72 should limit any downside.

Major Support Level: $229.07

Pivot Level: $234.11

Major Resistance Level: $238.46

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripples XRP fell by 1.58% on Thursday. Following on from a 0.92% drop on Wednesday, Ripples XRP ended the day at $0.19436.

A mixed start to the day saw Ripples XRP rise to an early morning intraday high $0.19772 before hitting reverse.

Falling short of the first major resistance level at $0.1978, Ripples XRP slid to a late morning intraday low $0.18857.

Ripples XRP fell through the days major support levels before finding support late in the day. A recovery to $0.1930 levels saw Ripples XRP break back through the third major support level at $0.1908. The second major support level at $0.1944 pinned Ripples XRP back.

At the time of writing, Ripples XRP was up by 0.01% to $0.19437. A mixed start to the day saw Ripples XRP rise to an early morning high $0.19478 before falling to a low $0.19437.

Ripples XRP left the major support and resistance levels untested early on.

Continued here:

EOS, Ethereum and Ripple's XRP Daily Tech Analysis July 17th, 2020 - FX Empire