EOS
EOS rose by 4.20% on Sunday. Following on from a 0.27% gain on Saturday, EOS ended the week down by 1.92% to $3.2598.
It was a bullish start to the day. EOS rose to an early morning high $3.2155 before hitting reverse.
EOS broke through the first major resistance level at $3.1930 before falling back to $3.15 levels.
Finding support going into the afternoon, EOS rallied to a late intraday high $3.2769.
EOS broke through the first major resistance level at $3.1930 and the second major resistance level at $3.2589.
At the time of writing, EOS was up by 0.33% to $3.2706. A mixed start to the day saw EOS fall to an early morning low $3.2522 before rising to a high $3.2741.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $3.2205 pivot level to support a run at the first major resistance level at $3.3162.
Support from the broader market would be needed, however, for EOS to break out from Sunday’s high $3.2769.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the pivot level at $3.2205 would bring the first major support level at $3.1641 into play.
Barring an extended sell-off, however, EOS should avoid a return to sub-$3.10 levels. The second major support level at $3.0684 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $3.1641
Pivot Level: $3.2205
First Major resistance Level: $3.3162
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Ethereum
Ethereum rose by 7.62% on Sunday. Following on from a 0.82% gain from Saturday, Ethereum ended the week up by 9.73% to $428.94.
It was also a bullish day. Ethereum rallied from an early morning intraday low $398.24 to a late intraday high $429.9.
Steering clear of the first major support level at $392.01, Ethereum broke through the day’s major resistance levels.
A late pullback saw Ethereum fall back through the third major resistance level at $425.87 before wrapping up the day at $428 levels.
At the time of writing, Ethereum was up by 0.22% to $429.88. A mixed start to the day saw Ethereum fall to an early morning low $428.15 before rising to a high $430.55.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $419 pivot to support a run at the first major resistance level at $439.81.
Support from the broader market would be needed, however, for Ethereum to break out from this morning’s high $430.55.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $419 pivot would bring the first major support level at $408.15 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$400 and the second major support level at $387.37.
Looking at the Technical Indicators
First Major Support Level: $408.15
Pivot Level: $419
First Major Resistance Level: $439.81
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 3.28% on Sunday. Following on from 0.80% gain on Saturday, Ripple’s XRP ended the week down by 0.62% to $0.2830.
It was a bullish day. Ripple’s XRP rallied from an early morning intraday low $0.2740 to a late intraday high $0.2838.
Ripple’s XRP broke through the first major resistance level at $0.2779 and the second major resistance level at $0.2818.
A late pullback saw Ripple’s XRP test support at $0.28 before breaking back through the second major resistance level at $0.2818.
At the time of writing, Ripple’s XRP was up by 0.53% to $0.2845. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.2830 to a high $0.28455.
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 $0.2803 pivot to support a run at the first major resistance level at $0.2865.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.28455.
Barring an extended crypto rally, the first major resistance level should cap any upside.
Failure to avoid a fall through the $0.2803 pivot would bring the first major support level at $0.2767 into play.
Barring an extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.27 levels. The second major support level at $0.2705 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $0.2767
Pivot Level: $0.2803
First Major Resistance Level: $0.2865
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
