EOS
EOS rose by 1.56% on Sunday. Partially reversing a 6.01% slide from Saturday, EOS ended the week down by 5.72% to $2.3697.
A bearish start to the day saw EOS fall to an early morning intraday low $2.3093 before making a move.
Steering well clear of the first major support level at $2.1892, EOS rallied to a late afternoon intraday high $2.4048.
Falling well short of the first major resistance level at $2.4805, EOS eased back to sub-$3.37 levels to limit the upside.
Resistance at $2.40 pinned EOS back on the day.
At the time of writing, EOS was down by 0.14% to $2.3665. A mixed start to the day saw EOS rise to an early morning high $2.3727 before falling to a low $2.3655.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $2.3610 pivot level to support a run at the first major resistance level at $2.4132.
Support from the broader market would be needed, however, for EOS to break out from Sunday’s high $2.4048.
Barring an extended crypto rally, the first major resistance level at $2.4132 would likely cap any upside.
Failure to avoid a fall through the $2.3610 pivot could see EOS fall further back.
A fall through to sub-$2.36 levels would bring the first major support level at $2.3177 into play.
Barring another extended sell-off, EOS should steer clear of the second major support level at $2.2658.
Looking at the Technical Indicators
Major Support Level: $2.3177
Major Resistance Level: $2.4132
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 1.82% on Sunday. Partially reversing a 3.79% fall from Saturday, Ethereum ended the week down by 1.29% to $224.76.
Tracking the broader market, Ethereum fell to an early morning intraday low $217.35 before finding support.
Steering clear of the first major support level at $213.58, Ethereum rallied to a late afternoon intraday high $227.93.
Falling short of the first major resistance level at $229.53, Ethereum fell back to $223 levels before wrapping up at $224 levels.
At the time of writing, Ethereum was down by 0.03% to $224.69. A mixed start to the day saw Ethereum rise to an early morning high $225.36 before falling to a low $224.68.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $223.35 pivot to support a run at the first major resistance level at $229.34.
Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $227.93.
Barring an extended crypto rally, the first major resistance level should cap any upside.
Failure to avoid a fall through the $223.35 pivot could see Ethereum return to the red.
A fall back through to sub-$220 levels would bring the first major support level at $218.76 into play.
Barring another extended sell-off, Ethereum should steer clear of sub-$215 levels and the second major support level at $212.77.
Looking at the Technical Indicators
Major Support Level: $218.76
Major Resistance Level: $229.34
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 1.07% on Sunday. Partially reversing a 4.14% slide from Saturday, Ripple’s XRP ended the week down by 4.77% to $0.17704.
It was a relatively bearish start to the day. Ripple’s XRP fell to an early morning intraday low $0.17300 before making a move.
Steering clear of the first major support level at $0.1683, Ripple’s XRP rallied to a late afternoon intraday high $0.17986.
Falling short of the first major resistance level at $0.1829, Ripple’s XRP fell back to sub-$0.1770 levels.
A late move back through to $0.177 levels supported the upside on the day.
At the time of writing, Ripple’s XRP was up by 0.08% to $0.17719. Ripple’s XRP rose from an early morning low $0.17705 to a high $0.17752 before easing back.
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 $0.1770 pivot to support a run at the first major resistance level at $0.1803.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.18 levels.
Barring a broad-based crypto rally, Sunday’s high $0.17986 and the first major resistance level would likely limit any upside.
In the event of a breakout, Ripple’s XRP should break through the second major resistance level at $0.1835 before any pullback.
Failure to avoid a fall through the $0.1770 pivot could see Ripple’s XRP take another hit.
A fall back through to sub-$0.1750 levels would bring the first major support level at $0.1734 into play.
Barring another extended crypto sell-off, Ripple’s XRP should avoid the second major support level sits at $0.1698.
Looking at the Technical Indicators
Major Support Level: $0.1734
Major Resistance Level: $0.1803
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