EOS
EOS fell 1.20% on Sunday. Partially reversing a 1.89% gain from Saturday, EOS ended the week up by 2.95% to $3.0277.
A bullish start to the day saw EOS rise to an early morning intraday $3.0821 before hitting reverse.
Falling short of the first major resistance level at $3.1117, EOS slid to an early afternoon intraday low $2.9318.
EOS fell through the first major support level at $2.9968 before finding support.
A late recovery saw EOS move back through first major support level to wrap up the day at $3.00 levels
At the time of writing, EOS was up by 0.46% to $3.0416. A bullish start to the day saw EOS rise from an early morning low $3.0284 to a high $3.0450.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $3.0139 pivot level to support a run at the first major resistance level at $3.0959.
Support from the broader market would be needed, however, for EOS to break out from Saturday’s high $3.0821.
Barring an extended crypto rally, however, the major first resistance level at $3.0959 would likely cap any upside.
A fall through the $3.0139 pivot would bring the first major support level at $2.9456 into play.
Barring an extended sell-off, however, EOS should steer clear of the second major support level at $2.8636.
Looking at the Technical Indicators
First Major Support Level: $2.9456
Pivot Level: $3.0139
First Major Resistance Level: $3.0959
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 1.78% on Sunday. Partially reversing a 4.67% rally from Saturday, Ethereum ended the week up by 4.90% to $390.41.
A bullish start to the day saw Ethereum rise to an early morning intraday high $401.00 before seeing red.
Falling short of the first major resistance level at $406.32, Ethereum fell to an early afternoon intraday low $384.02.
Steering clear of the first major support level at $382.44, Ethereum recovered to $390 levels to limit the downside.
At the time of writing, Ethereum was up by 0.58% to $392.68. A bullish start to the day saw Ethereum rise from an early morning low $390.41 to a high $393.42.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $391.81 pivot to support a run at the first major resistance level at $399.60.
Support from the broader market would be needed, however, for Ethereum to break back through to $399 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $400 should cap any upside.
A fall through the $391.81 pivot would bring the first major support level at $382.62 into play.
Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $374.83.
Looking at the Technical Indicators
First Major Support Level: $382.62
Pivot Level: $391.81
First Major Resistance Level: $399.60
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 2.56% on Sunday. Reversing a 0.40% gain from Saturday, Ripple’s XRP ended the week down by 0.04% to $0.28781.
Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.29582 before hitting reverse.
Falling short of the first major resistance level at $0.2994, Ripple’s XRP slid to a mid-afternoon intraday low $0.28207.
Ripple’s XRP fell through the first major support level at $0.2907 and the second major support level at $0.2860.
Finding late support, Ripple’s XRP briefly revisited $0.29 levels before easing back into the deep red.
The first major resistance level at $0.2907 pinned Ripple’s XRP back late in the day.
At the time of writing, Ripple’s XRP was up by 0.46% to $0.28914. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.28821 to a high $0.28992.
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 $0.2895 pivot to support a run at the first major resistance level at $0.2969.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.29 levels.
Barring a broad-based crypto rally, the first major resistance level and Saturday’s high $0.29852 should cap any upside.
In the event of a breakout, the second major resistance level at $0.3059 could come into play.
Failure to move through the $0.2895 pivot would bring the first major support level at $0.2804 into play.
Barring another extended crypto sell-off, Ripple’s XRP should avoid the second major support level at $0.2730.
Looking at the Technical Indicators
First Major Support Level: $0.2804
Pivot Level: $0.2895
First Major Resistance Level: $0.2969
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