EOS
EOS slid by 3.55% on Sunday. Reversing a 2.52% gain from Saturday, EOS ended the week up by 3.58% to $2.8379.
A bullish start to the day saw EOS rally to an early morning intraday high $3.0136 before hitting reverse.
EOS broke through the first major resistance level at $2.9751 and the second major resistance level at $3.0085.
The reversal saw EOS slide to a mid-afternoon intraday low $2.7678 before recovering to $2.80 levels.
EOS fell through the first major support level at $2.8827 and the second major support level at $2.8237 on the way down.
At the time of writing, EOS was down by 5.06% to $2.6943. A bearish start to the day saw EOS slide from an early morning high $2.8466 to a low $2.6762.
Steering clear of the major resistance levels, EOS fell through the first major support level at $2.7326 early on.
For the day ahead
EOS would need to move through to $2.8730 levels to bring the first major resistance level at $2.9784 into play.
Support from the broader market would be needed, however, for EOS to break out from the first major support level.
Barring a broad-based crypto rebound, resistance at $2.90 would likely leave EOS short of the major resistance levels.
Failure to move through to $2.8730 levels would see EOS struggle throughout the day.
A fall back through the morning low $2.6762 would bring the second major support level at $2.6273 into play.
Barring an extended crypto sell-off, however, EOS should steer well clear of sub-$2.65 levels on the day.
Looking at the Technical Indicators
Major Support Level: $2.7326
Major Resistance Level: $2.9784
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 1.87% on Sunday. Reversing a 1.02% gain from Saturday, Ethereum ended the week up by 6.29% to $210.24.
Tracking the broader market, Ethereum rallied to an early morning intraday high $219.48 before hitting reverse.
Ethereum broke through the first major resistance level at $216.37 and the second major resistance level at $218.49.
The reversal, however, saw Ethereum slide to a mid-afternoon intraday low $205.28 before briefly revisiting $211 levels.
Ethereum fell through the first major support level at $211.35 and the second major support level at $208.45 on the day down.
At the time of writing, Ethereum was down by 5.74% to $198.17. A particularly bearish start to the day saw Ethereum slide from an early morning high $210.96 to a low $197.21.
Ethereum fell through the first major support level at $203.85 and the second major support level at $197.47.
For the day ahead
Ethereum would need to move through to $211.70 levels to bring the first major resistance level at $218.05 into play.
Support from the broader market would be needed, however, for Ethereum to break out from the first major support level.
Barring a broad-based crypto rebound, resistance at $210 would likely leave Ethereum in the red on the day.
Failure to move through to $211.70 levels could see Ethereum struggle throughout the day.
A fall back through the second major support level at $197.47 would bring sub-$195 levels into play before any recovery.
Barring a crypto meltdown, however, Ethereum should steer clear of sub-$190 support levels on the day.
Looking at the Technical Indicators
Major Support Level: $203.85
Major Resistance Level: $218.05
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 2.00% on Sunday. Partially reversing a 2.80% gain from Saturday, Ripple’s XRP ended the week up by 11.69% to $0.21926.
A bullish start to the day saw Ripple’s XRP rise to an early morning intraday high $0.22684 before hitting reverse.
Falling short of the first major resistance level at $0.2279, Ripple’s XRP slid to a mid-afternoon intraday low $0.21550.
Ripple’s XRP fell through the first major support level at $0.2177 before briefly recovering to $0.2210 levels.
At the time of writing, Ripple’s XRP was down by 3.24% to $0.21216. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.22090 to a low $0.20865.
Ripple’s XRP fell through the first major support level at $0.2142 and the second major support level at $0.2092.
For the day ahead
Ripple’s XRP will need to move through to $0.22 levels to support a run at the first major resistance level at $0.2256.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from the first major resistance level.
Barring a broad-based crypto rebound, resistance at $0.22 would likely leave Ripple’s XRP short of the first major resistance level.
Failure to move through to $0.22 levels could see Ripple’s XRP fall deeper into the red.
A fall through the second major support level at $0.2092 would bring $0.2050 levels into play.
Barring a crypto meltdown, however, Ripple’s XRP should steer clear of the third major support level at $0.1979.
Looking at the Technical Indicators
Major Support Level: $0.2142
Major Resistance Level: $0.2256
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
