EOS
EOS fell by 2.36% on Monday. Following on from a 0.28% decline on Sunday, EOS ended the day at $2.4431.
It was a particularly bearish start to the day. EOS fell from an early morning intraday high $2.5021 to an early morning intraday low $2.3314 before finding support.
The sell-off saw EOS fall through the first major support level at $2.4420 and second major support level at $2.3811.
Finding support through the morning, EOS recovered to $2.45 levels before a 2nd fallback through the first and second major support levels.
A late move back through major support levels to close out at $2.44 levels limited the downside on the day.
At the time of writing, EOS was up by 0.40% to $2.4528. A mixed start to the day saw EOS rise to an early morning high $2.4657 before falling to a low $2.4455.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through to $2.50 levels to support a run at the first major resistance level at $2.5197.
Support from the broader market would be needed, however, for EOS to breakout from Monday’s high $2.5021.
Barring a broad-based crypto rebound, resistance at $2.50 would likely leave EOS short of the first major resistance level.
Failure to move through to $2.50 levels could see EOS hit reverse.
A fall back through to sub-$2.4250 levels would bring the first major support level at $2.3490 into play.
Barring an extended crypto sell-off, however, EOS should continue to steer clear of sub-$2.30 levels.
Looking at the Technical Indicators
Major Support Level: $2.3490
Major Resistance Level: $2.5197
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 1.30% on Monday. Reversing a 0.12% gain from Sunday, Ethereum ended the day at $156.76.
Tracking the broader market, Ethereum tumbled to an early morning intraday low $149.70 before finding support.
Ethereum fell through the first major support level at $153.97 before making a move.
Finding support at the second major support level at $149.07, Ethereum bounced back to a late intraday high $159.44.
Falling well short of the first major resistance level at $165.11, Ethereum slid back into the red.
Resistance at $160 pinned Ethereum back on the day.
At the time of writing, Ethereum was down by 0.43% to $156.08. A mixed start to the day saw Ethereum rise to an early morning high $158.00 before falling to a low $156.04.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move back through to $158 levels to support a run at the first major resistance level at $160.90.
Support from the broader market would be needed, however, for Ethereum to breakout from Monday’s high $159.44.
Barring a broad-based crypto rebound, resistance at $160 would likely leave Ethereum short of the first major resistance level.
Failure to move back through to $158 levels could see Ethereum fall deeper into the red.
A fall through to sub-$155.30 levels would bring the first major support level at $151.16 into play.
Barring an extended crypto sell-off, Ethereum should steer clear of the second major support level at $145.56.
Looking at the Technical Indicators
Major Support Level: $151.16
Major Resistance Level: $160.90
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP fell by 0.89% on Monday. Reversing a 0.72% gain from Sunday, Ripple’s XRP ended the day at $0.18807.
A bearish start to the day saw Ripple’s XRP slide to an early morning intraday low $0.18010 before finding support.
The sell-off saw Ripple’s XRP slide through the first major support level at $0.1854. Finding support at the second major support level at $0.1809, Ripple’s XRP bounced back to a late intraday high $0.18987.
Falling well short of the first major resistance level at $0.1954, Ripple’s XRP eased back to sub-$0.1890 levels to end the day in the red.
Resistance at $0.19 pinned Ripple’s XRP back on the day.
At the time of writing, Ripple’s XRP was down by 0.51% to $0.18712. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.18878 before falling to a low $0.18708.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to move through $0.19 levels to support a run at the first major resistance level at $0.1919.
Support from the broader market would be needed, however, for Ripple’s XRP to breakout from Monday’s high $0.18987.
Barring a broad-based crypto rebound, resistance at $0.19 would likely leave Ripple’s XRP short of the first major resistance level.
Failure to move back through to $0.19 levels could see Ripple’s XRP struggle throughout the day.
A fall through to sub-$0.1860 levels would bring the first major support level at $0.1822 into play.
Barring an extended crypto sell-off, however, Ripple’s XRP should steer clear of the second major support level at $0.1762.
Looking at the Technical Indicators
Major Support Level: $0.1822
Major Resistance Level: $0.1919
23.6% FIB Retracement Level: $0.3638
38.2% FIB Retracement Level: $0.4800
62% FIB Retracement Level: $0.6678
Please let us know what you think in the comments below.
Thanks, Bob
This article was originally posted on FX Empire
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