EOS
EOS slid by 2.05% on Monday. Following on from a 1.16% loss on Sunday, EOS ended the day at $2.8437.
It was a mixed start to the day. EOS rose to an early morning intraday high $2.9416 before hitting reverse.
Falling short of the first major resistance level at $3.0221, EOS slid to a mid-day intraday low $2.6562.
EOS fell through the first major support level at $2.7997 and the second major support level at $2.6946.
Finding afternoon support, EOS broke back through the support levels to revisit $2.89 levels before easing back.
At the time of writing, EOS was down by 0.05% to $2.8522. A mixed start to the day saw EOS rise to an early morning high $2.8603 before falling to a low $2.8489.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $2.8138 pivot level to support a run at the first major resistance level at $2.9715.
Support from the broader market would be needed, however, for EOS to break out from Monday’s high $2.9416.
Barring an extended crypto rally, the first major resistance level and Monday’s high would likely cap any upside.
Failure to avoid a fall through the pivot level at $2.8138 would bring the first major support level at $2.6861 into play.
Barring another extended sell-off, however, EOS should steer well clear of sub-$2.60 levels. The second major support level sits at $2.5284.
Looking at the Technical Indicators
First Major Support Level: $2.6861
Pivot Level: $2.8138
First Major resistance Level: $2.9715
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Ethereum
Ethereum rose by 0.24% on Monday. Following a 5.23% rally on Sunday, Ethereum ended the day at $353.71.
It was also a mixed start to the day. Ethereum rose to an early morning intraday high $358.66 before hitting reverse.
Falling short of the first major resistance level at $370.11, Ethereum slid to a mid-day intraday low $323.17.
Ethereum fell through the first major support level at $325.93 before revisiting $355 levels late in the day.
In spite of a late pullback, however, Ethereum avoided a return to the red.
At the time of writing, Ethereum was up by 0.21% to $354.46. It was a mixed start to the day. Ethereum rose to an early morning high $355.19 before falling to a low $353.64.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $345.18 pivot to support a run at the first major resistance level at $367.19 and the 38.2% FIB of $367.
Support from the broader market would be needed, however, for Ethereum to break back through to $360 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $345.18 pivot would bring the first major support level at $331.70 into play.
Barring an extended sell-off, however, Ethereum should continue to avoid sub-$300 levels. The second major support level at $309.69 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $331.70
Pivot Level: $345.18
First Major Resistance Level: $367.19
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 1.02% on Monday. Following on from a 1.15% gain on Sunday, Ripple’s XRP ended the day at $0.24207.
Tracking the broader market, Ripple’s XRP rose to an early morning high $0.24276 before hitting reverse.
Falling short of the first major resistance level at $0.2456, Ripple’s XRP slid to a mid-day intraday low $0.2300.
The reversal saw Ripple’s XRP fall through the first major support level at $0.2319 before support kicked in.
Finding support at $0.23, Ripple’s XRP bounced back to a late intraday high 0.24294 before easing back.
At the time of writing, Ripple’s XRP was up by 0.10% to $0.24230. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.24262 before falling to a low $0.24230.
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 $0.2383 pivot to support a run at the first major resistance level at $0.2467.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Monday’s high $0.24276.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $0.2383 pivot would bring the first major support level at $0.2337 into play.
Barring an extended crypto sell-off, Ripple’s XRP should steer clear of the second major support level at $0.2254.
Looking at the Technical Indicators
First Major Support Level: $0.2337
Pivot Level: $0.2383
First Major Resistance Level: $0.2467
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=”135″>This article was originally posted on FX Empire
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