FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
30,449,105Confirmed
951,682Deaths
22,145,763Recovered
Fetching Location Data…
Advertisement
Advertisement
Bob Mason
cryptocurrency Silver and gold Bitcoin,litecoin,ethereum on dollar banknote on golden table,Virtual Digital money on blockchain concept.financial business.crypto currency mining.

EOS

EOS fell by 0.60% on Sunday. Partially reversing a 4.99% rally from Saturday, EOS ended the week up by 4.88% to $2.7164.

It was a mixed start to the day. EOS fell to an early morning low $2.7068 before making a move.

Steering clear of the first major support level at $2.6367, EOS rallied to a late morning intraday high $2.8141.

EOS broke through the first major resistance level at $2.7880 before falling to a mid-day intraday low $2.6858.

Holding above the major support levels, EOS briefly revisited $2.74 levels before falling back into the red.

At the time of writing, EOS was up by $0.07% to $2.7184. A bullish start to the day saw EOS rise from an early morning low $2.7172 to a high $2.7237.

EOS left the major support and resistance levels untested early on.

For the day ahead

EOS would need to move through the $2.7388 pivot level to support a run at the first major resistance level at $2.7917.

Support from the broader market would be needed, however, for EOS to break out from $2.75 levels.

Barring an extended crypto rally, the first major resistance level likely cap any upside.

Failure to move through the $2.7388 pivot would bring the first major support level at $2.6634 into play.

Barring another extended sell-off, EOS should steer clear of sub-$2.60 levels. The second major support level at $2.6105 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $2.6634

Pivot Level: $2.7388

First Major Resistance Level: $2.7917

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Advertisement

Ethereum

Ethereum rose by 1.90% on Sunday. Following on from Saturday’s 9.30% rally, Ethereum ended the week up by 30.13% to $311.35.

A bearish start saw Ethereum fall to an early morning intraday low $300.21 before making a move.

Steering well clear of the first major support level at $286.85, Ethereum rallied to a late morning intraday high $319.86.

Ethereum broke through the first major resistance levels at $317.23 before falling back to $301 levels.

Finding late support, Ethereum broke back through to $314 levels before easing back.

At the time of writing, Ethereum was up by 0.21% to $312.01. A bullish start to the day saw Ethereum rise from an early morning low $311.38 to a high $312.72.

Ethereum left the major support and resistance levels untested early on.

For the day ahead

Ethereum would need to avoid a fall through the $310.40 pivot to support a run at the first major resistance level at $320.74.

Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $319.86.

Barring another extended crypto rally, the first major resistance level should cap any upside.

Failure to avoid a fall through the $310.50 pivot would bring the first major support level at $301.09 into play.

Barring an extended sell-off, however, Ethereum should steer clear of the second major support level at $290.82.

Looking at the Technical Indicators

First Major Support Level: $301.09

Pivot Level: $310.50

First Major Resistance Level: $320.74

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 0.28% on Sunday. Following on from a 5.23% rally from Saturday, Ripple’s XRP ended the week up by 7.80% to $0.21551.

It was a mixed start to the day. Ripple’s XRP slipped to an early morning low $0.21313 before striking a late morning intraday high $0.22540.

Ripple’s XRP broke through the first major resistance level at $0.2206 before sliding to a mid-day intraday low $0.21237.

Steering clear of the first major support level at $0.2067, Ripple’s XRP revisited $0.2190 levels before easing back.

At the time of writing, Ripple’s XRP was up by 0.25% to $0.21605. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.21526 before striking a high $0.21608.

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 the $0.2178 pivot to support a run at the first major resistance level at $0.2232.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from $0.2200 levels.

Barring a broad-based crypto rally, the first major resistance level and Sunday’s high $0.2254 should cap any upside.

In the event of a breakout, Ripple’s XRP should test the second major resistance level at $0.2308 before any pullback.

Failure to move through the $0.2178 pivot would bring the first major support level at $0.2101 into play.

Barring an extended crypto sell-off, Ripple’s XRP should avoid sub-$0.21 levels and the second major support level at $0.2047.

Looking at the Technical Indicators

First Major Support Level: $0.2101

Pivot Level: $0.2178

First Major Resistance Level: $0.2232

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

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Trade With A Regulated Broker

  • Your capital is at risk