It's a mixed start to the day for the majors. A fall through the day's pivot levels will bring support levels back into play.
EOS fell by 2.10% on Sunday. Partially reversing 1.66% gain from Saturday, EOS ended the week up by 1.82% to $2.4112.
A mixed start to the day saw EOS rise to an early morning intraday high $2.4721 before hitting reverse.
Falling short of the first major resistance level at $2.4991, EOS slid to a late intraday low $2.3250.
EOS fell through the fall through the first major support level at $2.4221 and the second major support level at $2.3830.
Steering clear of the third major support level at $2.3060, EOS found late support to move back through to $2.41 levels.
At the time of writing, EOS was down by 0.05% to $2.4101. A mixed start to the day saw EOS rise from an early morning low $2.4100 to high $2.4115.
EOS left the major support and resistance levels untested early on.
EOS would need to avoid a fall through the $2.4030 pivot level to support a run at the first major resistance level at $2.4805.
Support from the broader market would be needed, however, for EOS to break out from Sunday’s high $2.4721.
Barring another extended crypto rally, the first major resistance level and Sunday’s high $2.4721 would likely cap any upside.
Failure to avoid a fall through the $2.4030 pivot would bring the first major support level at $2.3334 into play.
Barring another extended sell-off, EOS should steer clear of sub-$2.30 levels. The second major support level sits at $2.2557.
Major Support Level: $2.3334
Major Resistance Level: $2.4805
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum fell by 0.73% on Sunday. Partially reversing a 1.94% gain from Saturday, Ethereum ended the week up by 1.21% to $227.67.
A mixed start to the day saw Ethereum rise to an early morning intraday high $229.93 before hitting reverse.
Falling short of the first major resistance level at $232.09, Ethereum slid to a late intraday low $223.50 before finding late support.
Ethereum fell through the first major support level at $225.55 before a late move back through to $227 levels.
At the time of writing, Ethereum was up by 0.10% to $227.89. A bullish start to the day saw Ethereum rise from an early morning low $227.62 to a high $228.23.
Ethereum left the major support and resistance levels untested early on.
Ethereum would need to avoid a fall through the $227 pivot to support a run at the first major resistance level at $230.57.
Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $229.93.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $229.93 should cap any upside.
Failure to avoid a fall through the $227 pivot would bring the first major support level at $224.14 into play.
Barring another extended sell-off, Ethereum should continue to steer clear of sub-$215 levels. The second major support level at $220.60 should limit any downside.
Major Support Level: $224.14
Major Resistance Level: $230.57
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP slid by 0.49% on Sunday. Reversing a 1.09% gain from Saturday, Ripple’s XRP ended the week up by 0.17% to $0.17735.
A bullish start to the day saw Ripple’s XRP rise to an early morning intraday high $0.17886 before hitting reverse.
Falling short of the first major resistance level at $0.1800, Ripple’s XRP slid to a late intraday low $0.17376.
The reversal saw Ripple’s XRP slide through the first major support level at $0.1764 and the second major support level at $0.1745.
Late in the day, Ripple’s XRP moved back through to $0.177 levels to limit the loss on the day.
At the time of writing, Ripple’s XRP was up by 0.10% to $0.17753. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.17718 to a high $0.17753.
Ripple’s XRP left the major support and resistance levels untested early on.
Ripple’s XRP will need to avoid a fall through the $0.1770 pivot to support a run at the first major resistance level at $0.1796.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Sunday’s high $0.17886.
Barring a broad-based crypto rally, Sunday’s high $0.17886 and the first major resistance level would likely limit any upside.
In the event of a breakout, Ripple’s XRP should break through the second major resistance level at $0.1818 before any pullback.
Failure to avoid a fall through the $0.1770 pivot would bring the first major support level at $0.1745 into play.
Barring an extended crypto sell-off, Ripple’s XRP should avoid sub-$0.1700. The second major support level at $0.1716 should limit any downside.
Major Support Level: $0.1745
Major Resistance Level: $0.1796
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.