EOS
EOS rose by 3.92% on Sunday. Reversing a 1.60% decline from Saturday, EOS ended the week down by 0.99% to $2.5481.
A bearish start to the day saw EOS fall to an early morning intraday low $2.4499 before making a move.
Steering clear of the first major support level at $2.4288, EOS rallied to a late intraday high $2.5634.
EOS broke through the first major resistance level at $2.4847 and the second major resistance level at $2.5166.
In spite of a late pullback, EOS held above the second major resistance level through to the end of the day.
At the time of writing, EOS was up by 0.99% to $2.5734. A bullish start to the day saw EOS rally from an early morning low $2.5472 to a high $2.5961 before easing back.
Steering clear of the major support levels, EOS broke through the first major resistance level at $2.5910 early on.
For the day ahead
EOS would need to hold on to $2.57 levels to support another run at the first major resistance level at $2.5910.
Support from the broader market would be needed, however, for EOS to break out from $2.58 levels for the 2nd time.
Barring an extended broad-based crypto rally, the first major resistance level would likely pin EOS back from $2.60 levels.
Failure to hold onto $2.57 levels could see EOS hit reverse. A fall through the morning low $2.5471 would bring $2.52 levels into play before any recovery.
Barring a crypto meltdown, however, EOS should steer clear of the first major support level at $2.4775.
Looking at the Technical Indicators
Major Support Level: $2.4775
Major Resistance Level: $2.5910
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rallied by 4.12% on Sunday. Reversing a 0.99% decline from Saturday, Ethereum ended the week down 7.01% at $132.4.
Bullish from the start of the day, Ethereum rallied from an early morning intraday low $126.89 to a late intraday high $133.22.
Steering clear of the first major support level at $126.33, Ethereum broke through the major resistance levels.
In spite of a late pullback, Ethereum avoided a fall back through the third major resistance level at $131.03.
At the time of writing, Ethereum was up by 1.37% to $134.22. A bullish start to the day saw Ethereum rise from an early morning low $132.22 to a high $135.24.
Steering clear of the major support levels, Ethereum broke through the first major resistance level at $134.78.
For the day ahead
Ethereum would need to steer clear of sub-$133 levels to support another run at the first major resistance level at $134.78.
Support from the broader market would be needed for Ethereum to break back through to $135 levels.
Barring a broad-based crypto rally, however, Ethereum resistance at $135 would likely pin Ethereum back on the day.
In the event of a breakout, the second major resistance level at $137.17 would likely come into play.
Failure to steer clear of sub-$133 levels could see Ethereum take a hit. A pullback through to sub-$130.80 levels would bring the first major support level at $128.45 into play.
Barring a crypto sell-off, however, Ethereum should steer clear of sub-$130 levels on the day.
Looking at the Technical Indicators
Major Support Level: $128.45
Major Resistance Level: $134.78
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 2.54% on Sunday. Reversing a 1.90% fall from Saturday, Ripple’s XRP ended the week down 9.67% to $0.19723.
A bullish start to the day saw Ripple’s XRP rise from an early morning intraday low $0.1950 to a mid-morning high $0.19640.
Steering clear of the major support levels, Ripple’s XRP broke through the first major resistance level at $0.19590.
A pullback to sub-$0.1930 levels was brief, with support from the broader market driving Ripple’s XRP to a late intraday high $0.19742.
Ripple’s XRP broke back through and held above the first major resistance level until the end of the day.
At the time of writing, Ripple’s XRP was down by 0.09% to $0.19706. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.19944 before falling to a low $0.19689.
Ripple’s XRP broke through the first major resistance level at $0.1993 whilst steering clear of the major support levels.
For the day ahead
Ripple’s XRP will need to move back through to $0.1980 levels to support another run at the first major resistance level at $0.1993.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from $0.1980 levels.
Barring a broad-based crypto rebound, Saturday’s high $0.19748 and the first major resistance level would likely limit any upside.
Failure to move through to $0.1980 levels could see Ripple’s XRP slide deeper into the red.
A fall through to sub-$0.1955 levels would bring the first major support level at $0.1933 into play.
Barring a crypto meltdown, however, Ripple’s XRP should steer well clear of the second major support level at $0.1894.
Looking at the Technical Indicators
Major Support Level: $0.1933
Major Resistance Level: $0.1993
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
