EOS
EOS rallied by 5.07% on Monday. Following on from a 2.40% gain from Sunday, EOS ended the day at $2.8549.
It was a mixed start to the day. EOS rose to a mid-morning high $2.8151 before hitting reverse.
EOS broke through the first major resistance level at $2.7917 before sliding to a mid-afternoon intraday low $2.6445.
The reversal saw EOS fall through the first major support level at $2.6634 before making a move.
Finding support from the broader market, EOS rallied to a late intraday high $2.9351.
EOS broke through the first major resistance level at $2.7917 and the second major resistance level at $2.8671.
A final hour pullback saw EOS slide back through the resistance levels before recovering to $2.85 levels.
At the time of writing, EOS was up by 1.09% to $2.8859. A bullish start to the day saw EOS rise from an early morning low $2.8599 to a high $2.8878.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $2.8115 pivot level to support a run at the first major resistance level at $2.9785.
Support from the broader market would be needed, however, for EOS to break out from Monday’s high $2.9351.
Barring another extended crypto rally, the first major resistance level at $XXX would likely cap any upside.
Failure to avoid a fall through the $2.8115 pivot would bring the first major support level at $2.6879 into play.
Barring an extended sell-off, EOS should steer well clear of sub-$2.60 levels. The first major support level at $2.6879 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $2.6879
Pivot Level: $2.8115
First Major Resistance Level: $2.9785
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rallied by 3.47% on Monday. Following on from a 1.90% gain on Sunday, Ethereum ended the day at $322.24.
A bullish start saw Ethereum rise from an intraday low $311.38 to an early morning high $329.99.
Ethereum broke through the first major resistance level at $320.74 before hitting reverse.
Coming up against the second major resistance level at $330.12, Ethereum fell back to $311 levels before finding support.
Through the afternoon, Ethereum rallied to a late intraday high $334.34 before sliding back to $313 levels.
Ethereum broke through the first major resistance level at $320.74 and the second major resistance level at $330.12.
Finding late support, Ethereum broke back through the first major resistance level to deliver the upside on the day.
At the time of writing, Ethereum was up by 0.85% to $324.97. A bullish start to the day saw Ethereum rise from an early morning low $322.41 to a high $325.91.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $322.65 pivot to support a run at the first major resistance level at $333.93.
Support from the broader market would be needed, however, for Ethereum to break back through to $330 levels
Barring another extended crypto rally, the first major resistance level and Monday’s high $334.34 should cap any upside.
Failure to avoid a fall through the $322.65 pivot would bring the first major support level at $310.97 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$300 levels. The first major support level at $310.97 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $310.97
Pivot Level: $322.65
First Major Resistance Level: $333.93
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP rallied by 4.33% on Monday. Following on from a 0.28% gain on Sunday, Ripple’s XRP ended the day at $0.2248.
It was a bullish start to the day, with Ripple’s XRP rallying to a mid-day high $0.22348 before hitting reverse.
Ripple’s XRP broke through the first major resistance level at $0.2232 before sliding to a mid-afternoon intraday low $0.20919.
Finding support at the first major support level at $0.2101, Ripple’s XRP rallied to a late intraday high $0.22979.
Ripple’s XRP broke back through the first major resistance level at $0.2232 before sliding back to sub-$0.2230 levels.
Finding late support, however, Ripple’s XRP broke back through the first major resistance level to end the day at $0.224 levels.
At the time of writing, Ripple’s XRP was up by 0.75% to $0.22648. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.22429 to a high $0.22673.
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 $0.2213 pivot to support a run at the first major resistance level at $0.2333.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Monday’s high $0.22979.
Barring a broad-based crypto rally, the first major resistance level should cap any upside.
In the event of a breakout, Ripple’s XRP should test the second major resistance level at $0.2419 before any pullback.
Failure to avoid a fall through the $0.2213 pivot would bring the first major support level at $0.2127 into play.
Barring an extended crypto sell-off, Ripple’s XRP should avoid sub-$0.21 levels and the second major support level at $0.2007.
Looking at the Technical Indicators
First Major Support Level: $0.2127
Pivot Level: $0.2213
First Major Resistance Level: $0.2333
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