EOS
EOS fell by 1.59% on Sunday. Reversing a 0.36% gain from Saturday, EOS ended the week down by 8.62% to $2.5691.
It was a bearish start to the day. EOS fell from an early morning intraday high $2.6105 to an early afternoon intraday low $2.5252.
EOS fell through the first major support level at $2.5672 and the second major support level at $2.5280.
Finding support late in the day, EOS broke back through the major support levels to wrap up the week at $2.569 levels.
At the time of writing, EOS was down by 0.22% to $2.5634. Another bearish start to the day saw EOS fall from an early morning high $2.5703 to a low $2.5615.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $2.57 pivot level to take bring the first major resistance level at $2.6113 into play.
Support from the broader market would be needed, however, for EOS to break out from Sunday’s high $2.6105.
Barring an extended crypto rally, the first major resistance level at $2.6113 would likely limit any upside.
Failure to move through the $2.5680 pivot could see EOS in the red for a 2nd consecutive day.
A fall through to sub-$2.55 levels would bring the first major support level at $2.5260 into play.
Barring another crypto sell-off, however, EOS should steer well clear of the second major support level at $2.4830.
Looking at the Technical Indicators
Major Support Level: $2.5260
Major Resistance Level: $2.6113
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 2.87% on Sunday. Reversing a 0.25% gain from Saturday, Ethereum ended the week down by 5.49% to $231.34.
A mixed start to the day saw Ethereum rise to an early morning intraday high $238.59 before hitting reverse.
Falling short of the first major resistance level at $239.94, Ethereum slid to a late intraday low $229.75.
The reversal saw Ethereum fall through the first major support level at $235.25 and the second major support level at $232.34.
Finding late support, Ethereum moved back through to $231 levels to reduce the deficit on the day.
At the time of writing, Ethereum was down by 0.51% to $230.15. A bearish start to the day saw Ethereum fall from an early morning high $231.34 to a low $229.95.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through to $233.20 levels to support a run at the first major resistance level at $236.70.
Support from the broader market would be needed, however, for Ethereum to break out from $235 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $238.59 should cap any upside.
Failure to move through the $233.20 pivot could see Ethereum take a hit on the day.
A fall back through to sub-$230 would bring the first major support level at $227.86 into play.
Barring an extended crypto sell-off, however, Ethereum should steer clear of the second major support level at $224.39.
Looking at the Technical Indicators
Major Support Level: $227.86
Major Resistance Level: $236.70
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 1.07% on Sunday. Following on from a 0.30% decline on Saturday, Ripple’s XRP ended the week down by 6.41% to $0.19040.
It was a bearish start to the day. Ripple’s XRP slid from an early morning intraday high $0.19263 to a late intraday low $0.18875.
Ripple’s XRP fell through the first major support level at $0.1909 and the second major support level at $0.1894.
Finding late support, Ripple’s XRP briefly revisited $0.191 levels before falling back through the first major support level.
At the time of writing, Ripple’s XRP was down by 0.13% to $0.19015. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.19041 to a low $0.18988.
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 to $0.1910 levels to support a run at the first major resistance level at $0.1924.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.19041.
Barring a broad-based crypto rally, the first major resistance level and Sunday’s high $0.19263 would likely cap any upside.
Failure to move through the $0.1910 pivot could see Ripple’s XRP spend a 3rd day in the red.
A fall back through the morning low $0.18988 would bring the first major support level at $0.1886 into play.
In the event of extended crypto sell-off, the second major support level at $0.1867 would likely come into play.
Looking at the Technical Indicators
Major Support Level: $0.1886
Major Resistance Level: $0.1924
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