It's a bullish start to the day for the majors. Failure to move back through early highs could pressure later, however...
EOS fell by 0.34% on Sunday. Partially reversing a 1.25% gain from Saturday, EOS ended the week up by 11.02% to $2.3552.
A choppy start to the day saw EOS rise to an early morning high $2.3799 before hitting reverse.
Falling short of the first major resistance level at $2.4186, EOS fell to a late afternoon intraday low $2.3200.
Steering well clear of the first major support level at $2.3007, EOS rallied to a late intraday high $2.3931 before sliding back.
EOS fell short of the first major resistance level at $2.4186 before falling into the red.
At the time of writing, EOS was up by 0.64% to $2.3704. A bullish start to the day saw EOS rise from an early morning low $2.3540 to a high $2.3863.
EOS left the major support and resistance levels untested early on.
EOS would need to move through to $2.38 levels to support a run at the first major resistance level at $2.3922.
Support from the broader market would be needed, however, for EOS to break back through to $2.39 levels.
Barring an extended crypto rally, the first major resistance level, and Sunday’s high would likely cap any upside.
Failure to move back through to $2.38 levels could see EOS hit reverse.
A fall back through to sub-$2.3560 levels would bring the first major support level at $2.3191 into play.
Barring an extended crypto sell-off, however, EOS should continue to steer clear of the second major support level at $2.2830.
Major Support Level: $2.3191
Major Resistance Level: $2.3922
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum fell by 1.18% on Sunday. Partially reversing a 2.12% gain from Saturday, Ethereum ended the week up by 14.76% to $142.79.
A bullish start to the day saw Ethereum rise to an early morning intraday high $145.98 before hitting reverse.
Falling short of the first major resistance level at $147.77, Ethereum slid to a late afternoon intraday low $140.81.
Steering clear of the first major support level at $140.12, Ethereum recovered to $143 levels before easing back.
At the time of writing, Ethereum was up by 1.01% to $144.23. A bullish start to the day saw Ethereum rise from an early morning low $142.79 to a high $145.23.
Ethereum left the major support and resistance levels untested early on.
Ethereum would need to move back through to $145 levels to support a run at the first major resistance level at $145.58.
Support from the broader market would be needed, however, for Ethereum to breakout from the morning high $145.23.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $145.98 would likely pin Ethereum back.
Failure to move back through to $145 levels could see Ethereum struggle later in the day.
A fall through to sub-$143.20 levels would bring the first major support level at $140.41 into play.
Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$140 support levels.
Major Support Level: $140.41
Major Resistance Level: $145.58
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP fell by 1.23% on Sunday. Reversing a 1.17% gain from Saturday, Ripple’s XRP ended the week up by 10.15% to $0.17955.
A bullish start to the day saw Ripple’s XRP rise to an early morning intraday high $0.18268 before hitting reverse.
Falling short of the first major resistance level at $0.1845, Ripple’s XRP slid to a late afternoon intraday low $0.17690.
Ripple’s XRP fell through the first major support level at $0.1786 before recovering to $0.1799 levels.
Resistance at $0.18 pinned Ripple’s XRP back late in the day.
At the time of writing, Ripple’s XRP was up by 0.65% to $0.18071. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.17954 to a high $0.18200.
Steering clear of the major support levels, Ripple’s XRP came within range of the first major resistance level at $0.1825.
Ripple’s XRP will need to avoid sub-$0.18 levels to support another run at the first major resistance level at $0.1825.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.18200.
Barring an extended crypto rally, the first major resistance level at $0.1825 would likely limit any upside on the day.
In the event of a breakout, the second major resistance level at $0.1855 would likely leave Ripple’s XRP short of $0.19 levels.
Failure to avoid sub-$0.18 levels could see Ripple’s XRP struggle later in the day.
A fall through the morning low $0.17954 would bring the first major support level at $0.1767 into play.
Barring an extended crypto sell-off, however, Ripple’s XRP should steer clear of the second major support level at $0.1739.
Major Support Level: $0.1767
Major Resistance Level: $0.1825
23.6% FIB Retracement Level: $0.3638
38.2% FIB Retracement Level: $0.4800
62% FIB Retracement Level: $0.6678
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Thanks, Bob
With over 20 years of experience in the finance industry, Bob has been managing regional teams across Europe and Asia and focusing on analytics across both corporate and financial institutions. Currently he is covering developments relating to the financial markets, including currencies, commodities, alternative asset classes, and global equities.