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EOS
EOS grew by 4.20% on Sunday. After a gain of 0.27% on Saturday, EOS ended the week down 1.92% at $ 3.2598.
It was a bullish start to the day. EOS rose to a morning high $ 3.2155 before reversing.
EOS broke through the first major resistance level at $ 3.1930 before falling back to $ 3.15 levels.
Finding support in the afternoon, EOS hit an end-of-day 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 0.33% to $ 3.2706. A mixed start to the day saw EOS drop to a morning low $ 3.2522 before rising to a high $ 3.2741.
EOS left the major support and resistance levels untested in the beginning.
For the day ahead
EOS should avoid a fall through the $ 3.2205 rotation level to support a run at the first major resistance level at $ 3.3162.
However, support from the broader market would be needed for EOS to break out of Sunday’s high of $ 3.2769.
Barring an extended cryptocurrency rally, the first major resistance level would likely limit 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 a sustained sell-off, however, EOS should avoid a return to levels below $ 3.10. 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 was up 7.62% on Sunday. After a 0.82% gain since Saturday, Ethereum finished the week up 9.73% to $ 428.94.
It was also a bullish day. Ethereum rallied from a morning intraday low $ 398.24 to an intraday high $ 429.9.
Avoiding the first major support level at $ 392.01, Ethereum broke through the major resistance levels of the day.
A late withdrawal saw Ethereum fall back through the third major resistance level at $ 425.87 before ending the day at $ 428.
At the time of writing, Ethereum was up 0.22% to $ 429.88. A mixed start to the day saw Ethereum drop to a morning low $ 428.15 before climbing to a high of $ 430.55.
Ethereum left the major support and resistance levels untested at the start.
For the day ahead
Ethereum should avoid a fall through the $ 419 pivot to support a run at the first major resistance level at $ 439.81.
However, support from the broader market would be needed for Ethereum to break out of this morning’s high of $ 430.55.
Barring an extended cryptocurrency rally, the first major resistance level would likely limit 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 avoid below $ 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 was up 3.28% on Sunday. After gaining 0.80% on Saturday, Ripple’s XRP ended the week down 0.62% at $ 0.2830.
It was a bullish day. Ripple’s XRP moved from a morning intraday low $ 0.2740 to an 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 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 a morning low $ 0.2830 to a high of $ 0.28455.
Ripple’s XRP left major support and resistance levels untested at the start.
For the day ahead
Ripple’s XRP will need to avoid a fall through the $ 0.2803 pivot to support a run to the first major resistance level at $ 0.2865.
However, broader market support would be required for Ripple’s XRP to break out of the morning high $ 0.28455.
Barring an extended cryptocurrency rally, the first major resistance level should limit 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 cryptocurrency sell-off, Ripple’s XRP should avoid levels below $ 0.27. 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
Let us know what you think in the comments below.
Thanks, Bob
