EOS
EOS rose by 0.36% on Monday. Following a 16.25% tumble on Sunday, EOS ended the day at $3.0713.
A relatively bullish start to the day saw EOS rise to a late morning intraday high $3.1802 before hitting reverse.
Falling short of the first major resistance level at $3.4709, EOS slid to a mid-afternoon intraday low $2.8601.
Steering clear of the first major support level at $2.8167, EOS found support late on to close out the day in the green.
At the time of writing, EOS was up by 0.69% to $3.0925. A mixed start to the day saw EOS fall to an early morning low $3.0498 before striking a high $3.0987.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move back through to $3.10 levels to bring the first major resistance level at $3.2143 into play.
Support from the broader market would be needed, however, for EOS to break out from Monday’s high $3.1802.
Barring a broad-based crypto rally, resistance at $3.20 levels would likely leave EOS short of the first major resistance level.
Failure to move back through to $3.10 levels could see EOS fall back into the red.
A fall back through to sub-$3.05 levels would bring the first major support level at $2.8942 into play.
Barring an extended crypto sell-off, however, EOS should steer clear of sub-$2.80 levels.
Looking at the Technical Indicators
Major Support Level: $2.8942
Major Resistance Level: $3.2143
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 1.63% on Monday. Following a 16.11% tumble on Sunday, Ethereum ended the day at $202.77.
A mixed start to the day saw Ethereum rise to a late morning intraday high $208.65 before hitting reverse.
Falling short of the first major resistance level at $226.14, Ethereum fell to a mid-afternoon intraday low $189.85.
Steering clear of the first major support level at $184.39, Ethereum bounced back to $202 levels and into the green for the day.
At the time of writing, Ethereum was up by 0.64% to $204.06. A mixed start to the day saw Ethereum fall to an early morning low $200.77 before striking a high $204.08.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move back through to $210 levels to support a run at the first major resistance level at $211.00.
Support from the broader market would be needed, however, for Ethereum to breakout form Monday’s high $208.65.
Barring a broad-based crypto rally, resistance at $210 would likely leave Ethereum short of the major resistance levels.
Failure to move back through to $210 levels could see Ethereum hit reverse.
A fall back through the morning low $200.77 would bring the first major support level at $192.20 into play.
Barring an extended crypto sell-off, Ethereum should steer clear of sub-$190 levels.
Looking at the Technical Indicators
Major Support Level: $192.20
Major Resistance Level: $211.00
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 2.70% on Monday. Following a 13.56% slide on Sunday, Ripple’s XRP ended the day at $0.21048.
A mixed start to the day saw Ripple’s XRP rise to a late morning intraday high $0.21272 before hitting reverse.
Falling short of the first major resistance level at $0.2276, Ripple’s XRP slid to a mid-afternoon intraday low $0.19901.
Steering clear of the first major support level at $0.1912, Ripple’s XRP bounced back to $0.21 levels.
At the time of writing, Ripple’s XRP was flat at $0.21047. A mixed start to the day saw Ripple’s XRP fall from an early morning high $0.21069 to a low $0.20822.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to break back through the morning high $0.21069 to support a run at the first major resistance level at $0.2158.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Monday’s high $0.21272.
Barring a broad-based crypto rally, the first major resistance level will likely limit any upside.
Failure to move through the morning high $0.21069 could see Ripple’s XRP fall back into the red.
A fall back through to sub-$0.2075 levels would bring the first major support level at $0.2021 into play.
Barring an extended crypto sell-off, however, Ripple’s XRP should steer clear of the second major support level at $0.1937.
Looking at the Technical Indicators
Major Support Level: $0.2021
Major Resistance Level: $0.2158
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
