EOS
EOS fell by 2.69% on Sunday. Reversing a 0.60% gain from Saturday, EOS ended the week down by 6.09% to $2.7263.
It was a mixed start to the day. EOS recovered from an early morning low $2.7808 to strike an early morning intraday high $2.8334 before hitting reverse.
Falling short of the first major resistance level at $2.8435, EOS slid to a late afternoon intraday low $2.6716.
EOS fell through the first major support level at $2.7551 and the second major support level at $2.7040.
Finding late support, however, EOS broke back through the second major support level to wrap up the day at $2.72 levels.
At the time of writing, EOS was down by 0.68% to $2.7079. A mixed start to the day saw EOS rise to an early morning high $2.7305 before falling to a low $2.6814.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $2.7438 pivot level to support a run at the first major resistance level at $2.8159.
Support from the broader market would be needed, however, for EOS to break back through to $2.80 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to move through the pivot level at $2.7438 would bring the first major support level at $2.6541 into play.
Barring another extended sell-off, however, EOS should continue to steer clear of sub-$2.60 levels. The second major support level sits at $2.5820 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $2.6541
Pivot Level: $2.7438
First Major resistance Level: $2.8159
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Ethereum
Ethereum slid by 5.48% on Sunday. Reversing a 3.71% gain from Saturday, Ethereum ended the week up by 3.89% to $366.58.
It was a mixed start to the day. Ethereum rose to an early morning intraday high $390.41 before hitting reverse.
Falling short of the first major resistance level at $395.75, Ethereum slid to a late afternoon intraday low $353.58.
Ethereum fell through the first major support level at $372.38 and the second major support level at $356.94. More significantly, Ethereum also fell through the 38.2% FIB of $367.
Finding late support, Ethereum moved back through the second major support level to wrap up the day at $366 levels. The 38.2% FIB of $367 pinned Ethereum back late in the day.
At the time of writing, Ethereum was down by 1.34% to $361.65. A bearish start to the day saw Ethereum fall from an early morning high $366.58 to a low $355.66.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the 38.2% FIB of $367 and the $370.19 pivot to support a run at the first major resistance level at $386.8.
Support from the broader market would be needed, however, for Ethereum to break out from the 38.2% FIB.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to move through the 38.2% FIB and the $370.19 pivot would bring the first major support level at $350.0 into play.
Barring an extended sell-off, however, Ethereum should steer clear of the second major support level at $333.36.
Looking at the Technical Indicators
First Major Support Level: $350.0
Pivot Level: $370.19
First Major Resistance Level: $386.80
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 2.39% on Sunday. Reversing a 1.90% gain from Saturday, Ripple’s XRP ended the week up by 1.02% to $0.24207.
It was a bullish start to the day. Ripple’s XRP rose to an early morning intraday high $0.25336 before hitting reverse.
Ripple’s XRP broke through the first major resistance level at $0.2507 before sliding to a late afternoon intraday low $0.23778. The second major resistance level at $0.2540 pinned Ripple’s XRP back early in the day.
The sell-off saw Ripple’s XRP fall through the first major support level at $0.2423 before finding support.
Late in the day, Ripple’s XRP moved back through to $0.2420 levels to limit the downside on the day.
At the time of writing, Ripple’s XRP was down by 0.20% to $0.24158. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.24207 to a low $0.23903.
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 $0.2444 pivot to support a run at the first major resistance level at $0.2510.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.25 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to move through the $0.2444 pivot would bring the first major support level at $0.2354 into play.
Barring an extended crypto sell-off, Ripple’s XRP should steer clear of sub $0.23 levels. The second major support level sits at $0.2288.
Looking at the Technical Indicators
First Major Support Level: $0.2354
Pivot Level: $0.2444
First Major Resistance Level: $0.2510
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
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