FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
117,446,521Confirmed
2,605,302Deaths
92,955,141Recovered
Fetching Location Data…
Advertisement
Advertisement
Bob Mason
Ripple, Dash coin, Bitcoin, Monero and Ethereum

EOS

EOS rallied by 3.10% on Monday. Reversing a 0.92% fall from Sunday, EOS ended the day at $2.5913.

Advertisement
Know where Ripple is headed? Take advantage now with 

75% of retail CFD investors lose money

It was bullish throughout the day for EOS. EOS rallied from an early intraday low $2.5134 to a late intraday high $2.6146.

Steering clear of the major support levels, EOS broke through the first major resistance level at $2.5465 early on.

In the second half of the day, EOS then broke through the second major resistance level at $2.5763. A visit to $2.61 levels was brief, however, with EOS easing back to wrap up the day at $2.59 levels.

At the time of writing, EOS was up by 0.33% to $2.5999. A bullish start to the day saw EOS rise from an early morning low $2.5908 to a high $2.6018.

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

For the day ahead

EOS would need to avoid a fall through the $2.5730 pivot level to support a run at the first major resistance level at $2.6328.

Support from the broader market would be needed, however, for EOS to break out from Monday’s high $2.6146.

Barring another extended crypto rally, the first major resistance level at $2.6328 would likely limit any upside.

Failure to avoid a fall through the $2.5730 pivot could see EOS reverse Monday’s gain.

A fall through the $2.5730 pivot would bring the first major support level at $2.5316 into play.

Barring an extended sell-off, EOS should avoid sub-$2.50 and the second major support level at $2.4719.

Looking at the Technical Indicators

Major Support Level: $2.5316

Major Resistance Level: $2.6328

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Advertisement

Ethereum

Ethereum rallied by 6.82% on Monday. Reversing a 0.43% decline from Sunday, Ethereum ended the day at $243.23.

Tracking the broader market, Ethereum rallied from an early morning intraday low $227.2 to late intraday high $246.95.

Steering clear of the major support levels, Ethereum broke through the day’s major resistance levels.

A late pullback from the day high left Ethereum short of $250. Ethereum held well above the third major resistance level at $235.88 at the day end, however.

At the time of writing, Ethereum was up by $0.46% to $244.36. A bullish start to the day saw Ethereum rise from an early morning low $243.24 to a high $244.36

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

For the day ahead

Ethereum would need to avoid a fall through the $239 pivot to support a run at the first major resistance level at $251.05.

Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $246.95.

Barring another extended crypto rally, the first major resistance level at $251.05 should cap any upside.

In the event of another breakout, the 23.6% FIB of $257 will likely come into play.

Failure to avoid a fall through the $239 pivot could see Ethereum spend the day in the red.

A fall through to sub-$240 levels would bring the first major support level at $231.30 into play.

Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$220 levels. The second major support level sits at $219.38.

Looking at the Technical Indicators

Major Support Level: $231.30

Major Resistance Level: $251.05

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 1.91% on Monday. Reversing a 1.19% decline from Sunday, Ripple’s XRP ended the day at $0.18946.

It was a relatively bullish day for Ripple’s XRP.  Ripple’s XRP rose from an early morning intraday low $0.18591 to a late intraday high $0.19063.

The breakout saw Ripple’s XRP break through the first major resistance level at $0.1879 and the second major resistance level at $0.1897.

Coming up short of the third major resistance level at $0.1924, Ripple’s XRP slipped back to sub-$0.19.

The second major resistance level at $0.1897 limited the downside late in the day.

At the time of writing, Ripple’s XRP was up by 0.63% to $0.19066. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.18943 to a high $0.19067.

Ripple’s XRP left the major support and resistance levels untested early on.

For the day ahead

Ripple’s XRP will need to avoid a fall through the $0.1890 pivot to support a run at the first major resistance level at $0.1914.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Monday’s high $0.19063.

Barring a broad-based crypto rally, the first major resistance level and Monday’s high would likely cap any upside.

In the event of a breakout, Ripple’s XRP could eye $0.20 levels before any pullback.

Failure to avoid the $0.1890 pivot could see Ripple’s XRP return to the red.

A fall through the pivot would bring the first major support level at $0.1867 into play.

Barring an extended crypto sell-off, Ripple’s XRP should avoid the second major support level at $0.1839.

Looking at the Technical Indicators

Major Support Level: $0.1867

Major Resistance Level: $0.1914

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

Trade With A Regulated Broker

  • Your capital is at risk