The majors found early support to move back into the green. A breakout from Monday's highs would signal a bullish day ahead.
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.
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.
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 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.
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.
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 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.
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.
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
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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.