EOS
EOS fell by 1.00% on Monday. Reversing a 0.55% gain from Sunday, EOS ended the day at $2.7834.
It was bearish through most of the day. EOS fell from an early morning intraday high $2.8181 to a late afternoon intraday low $2.7542.
Falling short of the major resistance levels, EOS found support at the first major support level at $2.7537.
EOS managed to recover to $2.78 levels in the final hour, however, to limit the downside on the day.
At the time of writing, EOS was up by 0.47% to $2.7965. A bullish start to the day saw EOS rise from an early morning low $2.7924 to a high $2.8028.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid sub-$2.7850 levels to take a run at the first major resistance level at $2.8163 into play.
Support from the broader market would be needed, however, for EOS to break back through to $2.81 levels.
Barring an extended crypto rally, the first major resistance level at $2.8163 and Monday high $2.8181 would likely cap any upside.
Failure to avoid sub-$2.7850 levels could see EOS struggle on the day once more.
A fall through the $2.7850 pivot would bring the first major support level at $2.7524 into play.
Barring a crypto meltdown, however, EOS should steer clear of sub-$2.70 levels. The second major support level at $2.7213 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $2.7524
Major Resistance Level: $2.8163
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 0.72% on Monday. Following on from a 1.20% gain on Sunday, Ethereum ended the day at $246.55.
It was a mixed start to the day. Ethereum rose to an early morning high $245.5 before hitting reverse.
Coming up short of the first major resistance level at $248.68, Ethereum fell to an early afternoon intraday low $240.82.
Finding late support, however, Ethereum rallied to a final hour intraday high $247.97 before wrapping up the day at $246 levels. In spite of the late rally, Ethereum came up short of the first major resistance level at $248.68.
At the time of writing, Ethereum was up by 0.93% to $248.85. A bullish start to the day saw Ethereum rise from an early morning low $246.55 to a high $249.99 before easing back.
Ethereum tested the first major resistance level at $249.41 early on.
For the day ahead
Ethereum would need to avoid sub-$245.10 levels to support another run at the first major resistance level at $249.41.
Support from the broader market would be needed, however, for Ethereum to break back through to $249 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $250 should cap any upside.
Failure to avoid sub-$245.10 levels could see Ethereum see give up Monday’s gain.
A fall back through the morning low $246.5 to sub-$245.10 levels would bring the first major support level at $242.26 into play.
Barring an extended crypto sell-off, however, Ethereum should continue to steer clear sub-$240 levels on the day.
The second major support level sits at $237.96.
Looking at the Technical Indicators
Major Support Level: $242.26
Major Resistance Level: $249.41
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 0.44% on Monday. Reversing a 0.05% decline from Sunday, Ripple’s XRP ended the day at $0.20433.
It was a mixed start to the day. Ripple’s XRP rose to an early morning high $0.20375 before hitting reverse.
Falling short of the major resistance levels, Ripple’s XRP fell to a late morning intraday low $0.20137.
Steering clear of the first major support level at $0.1993, Ripple’s XRP rallied to a final hour intraday high $0.20472. In spite of the late rally, Ripple’s XRP failed to test the first major resistance level at $0.2062.
At the time of writing, Ripple’s XRP was up by 0.21% to $0.20475. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.20422 to a high $0.20541.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to avoid sub-$0.2035 levels to support a run at the first major resistance level at $0.2056.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.20541.
Barring a broad-based crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid sub-$0.2035 levels could see Ripple’s XRP return to the red.
A fall back through the morning low $0.20422 to sub-$0.2035 levels would bring the first major support level at $0.2022 into play.
Barring an extended crypto sell-off, Ripple’s XRP should avoid sub-$0.20 levels on the day. The second major support level at $0.2001 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $0.2022
Major Resistance Level: $0.2056
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