EOS
EOS rose by 0.16% on Monday. Partially reversing a 2.69% slide from Sunday, EOS ended the day at $2.7328.
It was a mixed start to the day. EOS fell to an early morning intraday low $2.6866 before making a move.
Steering clear of the first major support level at $2.6541, EOS rallied to a late afternoon intraday high $2.7742.
Falling short of the first major resistance level at $2.8159, EOS eased back to $2.73 levels to limit the upside.
At the time of writing, EOS was down by 0.18% to $2.7279. A mixed start to the day saw EOS rise to an early morning high $2.7431 before falling to a low $2.7223.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $2.7312 pivot level to support a run at the first major resistance level at $2.7758.
Support from the broader market would be needed, however, for EOS to break out from Monday’s high $2.7742
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to move through the pivot level at $2.7312 would bring the first major support level at $2.6882 into play.
Barring an extended sell-off, however, EOS should continue to steer clear of sub-$2.60 levels. The second major support level at $2.6436 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $2.6882
Pivot Level: $2.7312
First Major resistance Level: $2.7758
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Ethereum
Ethereum rose by 2.92% on Monday. Partially reversing a 5.48% slide from Sunday, Ethereum ended the day at $377.28.
Tracking the broader market, Ethereum slid to an early morning intraday low $355.66 before making a move.
Steering clear of the first major support level at $350.00, Ethereum rallied to a late afternoon intraday high $384.61.
While falling short of the first major resistance level at $386.80, Ethereum broke out from the 38.2% FIB of $367.
Late in the day, however, Ethereum slipped back to sub-$380 levels to limit the upside on the day.
At the time of writing, Ethereum was up by 0.20% to $378.05. A bullish start to the day saw Ethereum rise from an early morning low $376.91 to a high $379.04.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $372.52 pivot to support a run at the first major resistance level at $389.37.
Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $384.61.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $372.52 pivot would bring the 38.2% FIB of $367 and the first major support level at $360.42 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$360 levels. The second major support level sits at $343.57.
Looking at the Technical Indicators
First Major Support Level: $360.42
Pivot Level: $372.52
First Major Resistance Level: $389.37
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 1.48% on Monday. Partially reversing a 2.39% fall from Sunday, Ripple’s XRP ended the day at $0.24565.
It was a mixed start to the day. Ripple’s XRP fell to an early morning intraday low $0.23903 before making a move.
Steering clear of the first major support level at $0.2354, Ripple’s XRP rallied to a late afternoon intraday high $0.24837.
Falling short of the first major resistance level at $0.2510, Ripple’s XRP fell back to sub-$0.2450 levels before steadying.
At the time of writing, Ripple’s XRP was up by 0.19% to $0.24611. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.24569 to a high $0.24653.
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 $0.2444 pivot to support a run at the first major resistance level at $0.2497.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Monday’s high $0.24837.
Barring an extended crypto rally, the first major resistance level and resistance at $0.25 would likely cap any upside.
Failure to avoid a fall through the $0.2444 pivot would bring the first major support level at $0.2403 into play.
Barring an extended crypto sell-off, Ripple’s XRP should steer clear of sub $0.24 levels. The second major support level sits at $0.2350.
Looking at the Technical Indicators
First Major Support Level: $0.2403
Pivot Level: $0.2444
First Major Resistance Level: $0.2497
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
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