EOS
EOS fell by 0.60% on Sunday. Partially reversing a 4.99% rally from Saturday, EOS ended the week up by 4.88% to $2.7164.
It was a mixed start to the day. EOS fell to an early morning low $2.7068 before making a move.
Steering clear of the first major support level at $2.6367, EOS rallied to a late morning intraday high $2.8141.
EOS broke through the first major resistance level at $2.7880 before falling to a mid-day intraday low $2.6858.
Holding above the major support levels, EOS briefly revisited $2.74 levels before falling back into the red.
At the time of writing, EOS was up by $0.07% to $2.7184. A bullish start to the day saw EOS rise from an early morning low $2.7172 to a high $2.7237.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $2.7388 pivot level to support a run at the first major resistance level at $2.7917.
Support from the broader market would be needed, however, for EOS to break out from $2.75 levels.
Barring an extended crypto rally, the first major resistance level likely cap any upside.
Failure to move through the $2.7388 pivot would bring the first major support level at $2.6634 into play.
Barring another extended sell-off, EOS should steer clear of sub-$2.60 levels. The second major support level at $2.6105 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $2.6634
Pivot Level: $2.7388
First Major Resistance Level: $2.7917
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 1.90% on Sunday. Following on from Saturday’s 9.30% rally, Ethereum ended the week up by 30.13% to $311.35.
A bearish start saw Ethereum fall to an early morning intraday low $300.21 before making a move.
Steering well clear of the first major support level at $286.85, Ethereum rallied to a late morning intraday high $319.86.
Ethereum broke through the first major resistance levels at $317.23 before falling back to $301 levels.
Finding late support, Ethereum broke back through to $314 levels before easing back.
At the time of writing, Ethereum was up by 0.21% to $312.01. A bullish start to the day saw Ethereum rise from an early morning low $311.38 to a high $312.72.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $310.40 pivot to support a run at the first major resistance level at $320.74.
Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $319.86.
Barring another extended crypto rally, the first major resistance level should cap any upside.
Failure to avoid a fall through the $310.50 pivot would bring the first major support level at $301.09 into play.
Barring an extended sell-off, however, Ethereum should steer clear of the second major support level at $290.82.
Looking at the Technical Indicators
First Major Support Level: $301.09
Pivot Level: $310.50
First Major Resistance Level: $320.74
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 0.28% on Sunday. Following on from a 5.23% rally from Saturday, Ripple’s XRP ended the week up by 7.80% to $0.21551.
It was a mixed start to the day. Ripple’s XRP slipped to an early morning low $0.21313 before striking a late morning intraday high $0.22540.
Ripple’s XRP broke through the first major resistance level at $0.2206 before sliding to a mid-day intraday low $0.21237.
Steering clear of the first major support level at $0.2067, Ripple’s XRP revisited $0.2190 levels before easing back.
At the time of writing, Ripple’s XRP was up by 0.25% to $0.21605. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.21526 before striking a high $0.21608.
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 $0.2178 pivot to support a run at the first major resistance level at $0.2232.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from $0.2200 levels.
Barring a broad-based crypto rally, the first major resistance level and Sunday’s high $0.2254 should cap any upside.
In the event of a breakout, Ripple’s XRP should test the second major resistance level at $0.2308 before any pullback.
Failure to move through the $0.2178 pivot would bring the first major support level at $0.2101 into play.
Barring an extended crypto sell-off, Ripple’s XRP should avoid sub-$0.21 levels and the second major support level at $0.2047.
Looking at the Technical Indicators
First Major Support Level: $0.2101
Pivot Level: $0.2178
First Major Resistance Level: $0.2232
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