EOS
EOS fell by 1.39% on Monday. Following on from a 1.59% decline on Sunday, EOS ended the day at $2.5347.
It was a particularly bearish start to the day. EOS slid from an early morning intraday high $2.5703 to an early morning intraday low $2.4208.
EOS fell through the first major support level at $2.5260 and the second major support level at $2.4830.
Finding support in the late morning, EOS briefly broke back through the major support levels to a high $2.5501.
A late pullback, however, left EOS in the red.
At the time of writing, EOS was up by 0.09% to $2.5369. A range-bound start to the day saw EOS rise from a low $2.535 to a high $2.5369.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $2.5086 pivot level to take bring the first major resistance level at $2.5964 into play.
Support from the broader market would be needed, however, for EOS to break out from Monday’s high $2.5703.
Barring an extended crypto rally, the first major resistance level at $2.5964 would likely limit any upside.
Failure to avoid a fall through the $2.5086 pivot could see EOS in the red for a 3rd consecutive day.
A fall back through to sub-$2.50 levels would bring the first major support level at $2.4469 into play.
Barring another crypto sell-off, however, EOS should steer well clear of the second major support level at $2.3591.
Looking at the Technical Indicators
Major Support Level: $2.4469
Major Resistance Level: $2.5964
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 0.16% on Monday. Following on from a 2.87% decline on Sunday, Ethereum ended the day at $230.98.
It was a particularly bearish start to the day. Ethereum tumbled from an early morning high $232.48 to a mid-morning intraday low $217.79.
The reversal saw Ethereum fall through the first major support level at $227.86 and the second major support level at $224.39
Finding support in the late morning, Ethereum rallied to a late intraday high $234.0 before easing back.
Ethereum came up well short of the first major resistance level at $236.7 in the 2nd half of a day rally.
At the time of writing, Ethereum was up by 0.03% to $231.05. A range-bound start to the day saw Ethereum rise from an early morning low $230.96 to a high $231.31.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $227.60 pivot to support a run at the first major resistance level at $237.39.
Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $234.0.
Barring an extended crypto rally, the first major resistance level and Monday’s high $234.0 should cap any upside.
Failure to avoid a fall through the $227.59 pivot could see Ethereum take another hit on the day.
A fall through to sub-$227.60 levels would bring the first major support level at $221.18 into play.
Barring an extended crypto sell-off, however, Ethereum should steer clear of the second major support level at $211.38.
Looking at the Technical Indicators
Major Support Level: $221.18
Major Resistance Level: $237.39
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 1.11% on Monday. Reversing a 1.07% decline from Sunday, Ripple’s XRP ended the day at $0.19253.
Tracking the broader market, Ripple’s XRP slid from an early morning high $0.19077 to an early morning intraday low $0.18221.
Ripple’s XRP fell through the major support levels before finding support.
Through the 2nd half of the day, Ripple’s XRP rallied to a late intraday high $0.19347 before easing back.
Ripple’s XRP broke through the first major resistance level at $0.1924 before falling back to sub-$0.1930 levels
At the time of writing, Ripple’s XRP was up by 0.04% to $0.19260. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.19266 before falling to a low $0.19254.
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 $0.1894 pivot to support a run at the first major resistance level at $0.1966.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Monday’s high $0.19347.
Barring a broad-based crypto rally, the first major resistance level and Monday’s high $0.19347 would likely cap any upside.
Failure to avoid a fall through the $0.1894 pivot could see Ripple’s XRP return to the red.
A fall back through to sub-$0.19 levels would bring the first major support level at $0.1853 into play.
Barring another crypto sell-off, Ripple’s XRP should avoid the second major support level at $0.1781.
Looking at the Technical Indicators
Major Support Level: $0.1853
Major Resistance Level: $0.1966
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