EOS
EOS slid by 6.31% on Sunday. Reversing a 3.54% gain from Saturday, EOS ended the week up 4.08% to $2.1356.
A bullish start to the day saw EOS rise to a mid-morning intraday high $2.3950 before hitting reverse.
Coming up against the first major resistance level at $2.3923, EOS tumbled to a final hour intraday low $2.0984.
The reversal saw EOS fall through the first major support level at $2.1374 to wrap up the day in the deep red.
At the time of writing, EOS was down by 0.25% to $2.1302. A choppy start to the day saw EOS slide to an early morning low $2.0632 before striking a high $2.1647.
EOS left the major support and resistance levels untested early in the day.
For the day ahead
EOS would need to move through to $2.21 levels to bring the first major resistance level at $2.3209 into play.
Support from the broader market would be needed, however, for EOS to break out from the morning high $2.1647.
Barring another extended rally, the first major resistance level at $2.3209 would likely limit any upside.
Failure to move through to $2.21 levels could see EOS fall deeper into the red.
A fall back through to sub-$2.10 levels would bring the first major support level at $2.0243 back into play.
Barring another crypto meltdown, however, EOS should steer well clear of $2.00 support levels.
Looking at the Technical Indicators
Major Support Level: $2.0243
Major Resistance Level: $2.3209
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum slid by 7.81% on Sunday. Following on from a 0.42% decline on Saturday, Ethereum ended the week down 0.74% at $122.42.
A relatively bullish start to the day saw Ethereum rise to a mid-morning intraday high $137.38 before hitting reverse.
Falling short of the first major resistance level at $138.34, Ethereum tumbled to a final hour intraday low $120.90.
While falling through the first major support level at $126.54, Ethereum avoided the second major support level at $120.29.
At the time of writing, Ethereum was up by 0.62% to $123.18. A mixed start to the day saw Ethereum fall to an early morning low $119.20 before striking a high $125.35.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through to $127 levels to support a run at the first major resistance level at $132.90.
Support from the broader market would be needed, however, for Ethereum to break back through to $130 levels.
Barring an extended crypto rally, resistance at $130 would likely leave Ethereum short of the first major resistance level.
Failure to move through to $127 levels could see Ethereum struggle later in the day.
A fall back through to sub-$120 levels would bring the first major support level at $116.42 into play.
Barring an extended crypto sell-off, however, Ethereum should steer well clear of the second major support level at $110.42.
Looking at the Technical Indicators
Major Support Level: $116.42
Major Resistance Level: $132.90
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP slid by 6.47% on Sunday. Reversing a 0.77% gain from Saturday, Ripple’s XRP ended the week down 3.68% at $0.14795.
A relatively bullish start to the day saw Ripple’s XRP rise to a mid-morning intraday high $0.16200 before hitting reverse.
Falling short of the first major resistance level at $0.1634, Ripple’s XRP slid to a final hour intraday low $0.14641.
Falling through the first major support level at $0.1525, Ripple’s XRP found support at the second major support level at $0.1467.
In spite of the support, Ripple’s XRP closed out the day at sub-$0.15 levels for the 1st time since Wednesday.
At the time of writing, Ripple’s XRP was up by 0.94% to $0.14934. A choppy start to the day saw Ripple’s XRP fall to an early morning low $0.14500 before striking a high $0.15016.
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 to $0.1520 levels to support a run at the first major resistance level at $0.1578.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.15016.
Barring an extended crypto rally, the first major resistance level at S0.1578 would likely cap any upside.
Failure to move back through to $0.1520 levels could see Ripple’s XRP hit reverse.
A fall back through the morning low $0.14500 would bring the first major support level at $0.1422 into play.
Barring an extended crypto sell-off, however, Ripple’s XRP should steer clear of sub-$0.14 support levels on the day.
Looking at the Technical Indicators
Major Support Level: $0.1422
Major Resistance Level: $0.1578
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
