EOS
EOS rallied by 6.91% on Monday. Reversing a 1.20% fall from Sunday, EOS ended the day at $3.2377.
It was a mixed start to the day. EOS rose to a late morning high $3.1264 before hitting reverse.
EOS broke through the first major resistance level at $3.0959 before falling to a late morning intraday low $2.9992.
Steering clear of the first major support level at $2.9456, EOS rallied to a late afternoon intraday high $3.2966.
EOS broke through the first major resistance level and the second major resistance level at $3.1642.
In spite of a late pullback, EOS avoided a fall back through the second major resistance level.
At the time of writing, EOS was up by 0.25% to $3.2457. A bullish start to the day saw EOS rise from an early morning low $3.2402 to a high $3.2502.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $3.1778 pivot level to support a run at the first major resistance level at $3.3565.
Support from the broader market would be needed, however, for EOS to break out from Monday’s high $3.2966.
Barring an extended crypto rally, however, the major first resistance level at $3.3565 would likely cap any upside.
A fall through the $3.1778 pivot would bring the first major support level at $3.0591 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$3.00 levels and the second major support level at $2.8804.
Looking at the Technical Indicators
First Major Support Level: $3.0591
Pivot Level: $3.1778
First Major Resistance Level: $3.3565
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 1.38% on Monday. Partially reversing a 1.78% loss from Sunday, Ethereum ended the day at $395.78.
A bullish start to the day saw Ethereum rise to an early morning intraday high $400.21 before seeing red.
Ethereum broke through the first major resistance level at $399.60 before sliding to a late morning intraday low $385.44.
Steering clear of the first major support level at $382.62, Ethereum recovered to $399 levels before easing back.
The first major resistance level at $399.60 capped the upside on the day.
At the time of writing, Ethereum was down by 0.26% to $394.76. A mixed start to the day saw Ethereum rise to an early morning high $396.76 before falling to a low $394.39.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $393.81 pivot to support a run at the first major resistance level at $402.18.
Support from the broader market would be needed, however, for Ethereum to break back through to $400 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $400.21 should cap any upside.
A fall through the $393.81 pivot would bring the first major support level at $387.41 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$380 and the second major support level at $379.04.
Looking at the Technical Indicators
First Major Support Level: $387.41
Pivot Level: $393.81
First Major Resistance Level: $402.18
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 2.28% on Monday. Partially reversing a 2.56% fall from Sunday, Ripple’s XRP ended the day at $0.29478.
Tracking the broader market, Ripple’s XRP rallied to a mid-morning intraday high $0.30053 before hitting reverse.
Breaking through the first major resistance level at $0.2969, Ripple’s XRP came up against the second major resistance level at $0.3059.
The reversal saw Ripple’s XRP slide to a late morning intraday low $0.28400.
Steering clear of the first major support level at $0.2804, Ripple’s XRP bounced back to $0.29 levels.
The first major resistance level at $0.2969 capped the upside late on.
At the time of writing, Ripple’s XRP was up by 0.07% to $0.29499. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.29578 before falling to a low $0.29444.
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 $0.2931 pivot to support a run at the first major resistance level at $0.3022.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Monday’s high $0.30053.
Barring another broad-based crypto rally, the first major resistance level and Monday’s high should cap any upside.
In the event of a breakout, the second major resistance level at $0.3096 could come into play.
Failure to avoid a fall through the $0.2931 pivot would bring the first major support level at $0.2857 into play.
Barring another extended crypto sell-off, Ripple’s XRP should avoid sub-$0.28 and the second major support level at $0.2766.
Looking at the Technical Indicators
First Major Support Level: $0.2857
Pivot Level: $0.2931
First Major Resistance Level: $0.3022
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