EOS
EOS fell by 0.92% on Sunday. Reversing a 0.46% gain from, Saturday, EOS ended the week down by 2.09% to $2.5166.
A bullish start to the day saw EOS rise to an early morning intraday high $2.5601 before hitting reverse.
Falling short of the first major resistance level at $2.5804, EOS slid to a late morning intraday low $2.5140.
Steering clear of the first major support level at $2.4767, EOS briefly recovered to $2.52 levels before sliding back.
At the time of writing, EOS was up by 0.13% to $2.5199. A mixed start to the day saw EOS fall to an early morning low $2.5134 before rising to a high $2.5212.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $2.53 pivot level to support a run at the first major resistance level at $2.5465.
Support from the broader market would be needed, however, for EOS to break out from $2.53 levels.
Barring an extended crypto rally, the first major resistance level at $2.5465 would likely limit any upside.
Failure to move through the $2.53 pivot could see EOS struggle on the day.
A fall through to sub-$2.51 levels would bring the first major support level at $2.5004 into play.
Barring an extended sell-off, EOS should avoid the second major support level at $2.4841 however.
Looking at the Technical Indicators
Major Support Level: $2.5004
Major Resistance Level: $2.5465
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 0.43% on Sunday. Reversing a 0.06% gain from Saturday, Ethereum ended the week down by 1.53% to $227.81.
A bullish start to the day saw Ethereum rise to an early morning intraday high $231.29 before hitting reverse.
Coming up against the first major resistance level at $231.15, Ethereum slid to a late intraday low $226.86.
Steering clear of the first major support level at $225.98, a recovery to $227 levels limited the loss on the day.
At the time of writing, Ethereum was up by 0.10% to $228.04. A mixed start to the day saw Ethereum fall to an early morning low $227.20 before rising to a high $228.07.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $229 pivot to support a run at the first major resistance level at $230.12.
Support from the broader market would be needed, however, for Ethereum to break out from $228 levels.
Barring an extended crypto rally, the first major resistance level at $230.12 and Sunday’s high should cap any upside.
Failure to move through the $229 pivot could see Ethereum spend the day in the red.
A fall through to sub-$227 levels would bring the first major support level at $226.67 into play.
Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$220 levels. The second major support level at $225.53 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $226.67
Major Resistance Level: $230.12
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 1.19% on Sunday. Reversing a 0.48% gain from Saturday, Ripple’s XRP ended the week down by 2.28% to $0.18607.
Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.18882 before sliding into the red.
Coming up short of the first major resistance level at $0.1902, Ripple’s XRP slid to a late intraday low $0.18614.
Steering clear of the first major support level at $0.1854, briefly recovered to $0.1875 levels before sliding back.
At the time of writing, Ripple’s XRP was down by 0.08% to $0.18592. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.18591 before striking a high $0.18609.
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 the $0.1870 pivot to support a run at the first major resistance level at $0.1879.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.1870 levels.
Barring a broad-based crypto rally, the first major resistance level and Sunday’s high 0.18882 would likely cap any upside.
Failure to move the $0.1870 pivot could see Ripple’s XRP spend a 4th day in the red out of 5.
A fall back through the morning low $0.18591 would bring the first major support level at $0.1852 into play.
In the event of an extended crypto sell-off, the second major support level at $0.1843 would likely come into play. Ripple’s XRP should avoid the third major support level at $0.1817, however.
Looking at the Technical Indicators
Major Support Level: $0.1852
Major Resistance Level: $0.1879
23.6% FIB Retracement Level: $0.3638
38.2% FIB Retracement Level: $0.4800
62% FIB Retracement Level: $0.6678
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Thanks, Bob
This article was originally posted on FX Empire