EOS
EOS fell by 1.16% on Sunday. Following on from a 2.02% decline on Saturday, EOS ended the week down by 10.64% to $2.9047.
It was a mixed start to the day. EOS fell to an early morning intraday low $2.8120 before making a move.
Steering clear of the first major support level at $2.7518, EOS struck a late morning intraday high $3.0344 before hitting reverse.
Falling short of the first major resistance level at $3.1414, EOS fell back to sub-$2.93 levels to end the day in the red.
At the time of writing, EOS was up by 0.19% to $2.9102. A mixed start to the day saw EOS fall to an early morning low $2.8984 before rising to a high $2.9135
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $2.9170 pivot level to support a run at the first major resistance level at $3.0221.
Support from the broader market would be needed, however, for EOS to break back through to $3.00 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $3.0344 would likely cap any upside.
Failure to move through the pivot level at $2.9170 would bring the first major support level at $2.7997 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$2.70 levels. The second major support level sits at $2.6946.
Looking at the Technical Indicators
First Major Support Level: $2.7997
Pivot Level: $2.9170
First Major resistance Level: $3.0221
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Ethereum
Ethereum rallied by 5.23% on Sunday. Partially reversing a 13.69% slide from Saturday, Ethereum ended the week down by 17.75% to $352.77.
It was a mixed start to the day. Ethereum fell to an early morning intraday low $316.43 before making a move.
Steering clear of the first major support level at $298.71, Ethereum rallied to a late intraday high $360.61.
Falling short of the first major resistance level at $383.09, Ethereum eased back to end the day at sub-$360 levels.
At the time of writing, Ethereum was up by 0.32% to $353.89. A mixed start to the day saw Ethereum fall to an early morning low $352.19 before rising to a high $354.13.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $343.27 pivot to support a run at the 38.2% FIB of $367 and the first major resistance level at $370.11
Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $360.61.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $343.27 pivot would bring the first major support level at $326 into play.
Barring an extended sell-off, however, Ethereum should avoid sub-$300 levels. The second major support level sits at $299.09.
Looking at the Technical Indicators
First Major Support Level: $326.00
Pivot Level: $343.27
First Major Resistance Level: $370.11
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 1.15% on Sunday. Partially reversing a 2.74% decline from Saturday, Ripple’s XRP ended the week down by 15.24% to $0.23716.
Tracking the broader market, Ripple’s XRP fell to a mid-morning intraday low $0.22967 before making a move.
Steering clear of the first major support level at $0.2256, Ripple’s XRP rallied to a mid-day intraday high $0.24328.
Falling short of the first major resistance level at $0.2544, Ripple’s XRP slid to an early afternoon low $0.23458.
Continuing to steer clear of the first major support level at $0.2256, Ripple’s XRP recovered to end the day at $0.24 levels.
At the time of writing, Ripple’s XRP was up by 0.72% to $0.24151. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.23948 before rising to a high $0.24161.
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 $0.2376 pivot to support a run at the first major resistance level at $0.2456.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Sunday’s high $0.24328.
Barring an extended crypto rally, the first major resistance level and Sunday’s high would likely cap any upside.
Failure to avoid a fall through the $0.2376 pivot would bring the first major support level at $0.2319 into play.
Barring an extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.23 levels. The second major support level sits at $0.2240.
Looking at the Technical Indicators
First Major Support Level: $0.2319
Pivot Level: $0.2376
First Major Resistance Level: $0.2456
23.6% FIB Retracement Level: $0.3638
38.2% FIB Retracement Level: $0.4800
62% FIB Retracement Level: $0.6678
Thanks, Bob
article was originally posted on FX Empire” data-reactid=”132″>This article was originally posted on FX Empire
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