EOS
EOS rose 0.12% on Monday. After gaining 1.76 on Sunday, EOS ended the day at $ 2.7431.
A bullish start to the day caused the EOS to rebound to an early morning intraday high of $ 2.8181 before hitting reverse.
EOS broke the first major resistance level at $ 2.7900 before falling to an early afternoon intraday low of $ 2.6782.
EOS fell through the first major support level at $ 2.6851 before rebounding late to $ 2.74.
At the time of writing, EOS was down 1.42% to $ 2.7040. A bearish start to the day resulted in EOS falling from an early morning high of $ 2.7423 to a low of $ 2.7034.
EOS left key support and resistance levels untested early on.
For the next day
EOS would have to rise to $ 2.7470 to support a run at the first major resistance level at $ 2.8147.
However, support from the broader market would be required for EOS to return to the $ 2.80 level.
Subject to another extended crypto rally, a $ 2.80 EOS resistance would likely lag behind the first major resistance level.
If it does not hit the $ 2.7470 level, EOS may have issues throughout the day.
A decline below $ 2.70 would bring the first major support level into play at $ 2.6748 before a rebound.
Subject to a crypto sell-off, however, EOS should stay well away from the second major support level at $ 2.6066.
Look at the technical indicators
Main support level: $ 2.6748
Main Resistance Level: $ 2.8147
23.6% FIB Retracement Level: $ 6.62
38% FIB Retracement Level: $ 9.76
62% FIB Retracement Level: $ 14.82
ether
Ethereum fell 0.52% on Monday. Ethereum partially reversed the day by 1.75% from Sunday, ending the day at $ 196.78. It was Ethereum’s first red day since April 20th …
With a mixed start to the day, Ethereum rose to an early morning intraday high of $ 199.41 before hitting reverse.
Ethereum missed the first major resistance level at $ 201.04 and fell to an early afternoon intraday low of $ 189.60.
Ethereum fell through the first major support level at $ 193.58 and found support at $ 189.33 at the second major support level.
The story goes on
Late in the day, Ethereum rebounded to $ 196 to limit the day’s downside.
At the time of writing, Ethereum was down 1.87% to $ 193.11. A bearish start to the day resulted in Ethereum falling from an early morning high of $ 196.99 to a low of $ 192.70.
Ethereum left key support and resistance levels untested early on.
For the next day
Ethereum would have to rise to $ 195.30 to support a run at the first major resistance level at $ 200.93.
However, support from the broader market would be required for Ethereum to break out of the $ 199.41 high on Monday.
Without an extended crypto rally, Monday’s first major resistance level and high would likely limit any uptrend.
If Ethereum doesn’t hit levels of $ 195.30, it could push Ethereum deeper into the red.
A relapse from the morning low of $ 192.70 would bring into play the first major support level at $ 191.12 before a rebound.
Subject to a crypto meltdown, however, Ethereum should stay away from the second major support level at $ 185.45.
Look at the technical indicators
Main support level: $ 191.12
Main Resistance Level: $ 200.93
23.6% FIB Retracement Level: $ 257
38.2% FIB Retracement Level: $ 367
62% FIB Retracement Level: $ 543
Ripple’s XRP
Ripple’s XRP rose 0.67% on Monday. After gaining 1.15% on Sunday, Ripple’s XRP ended the day at $ 0.19763.
A bullish start to the day caused Ripple’s early morning XRP rally to hit an intraday high of $ 0.19960 before hitting reverse.
Ripple’s XRP broke the first major resistance level at $ 0.1990 before slipping to a late afternoon intraday low of $ 0.19423.
Ripple’s XRP stayed away from the first major support level at $ 0.1923 and rebounded to $ 0.1970 to end the day in the green.
At the time of writing, Ripple’s XRP was down 1.17% to $ 0.19531. A bearish start to the day caused Ripple’s XRP to slide from an early morning high of $ 0.19759 to a low of $ 0.19470.
Ripple’s XRP stayed away from major resistance levels and tested the first major support level early on.
For the next day
Ripple’s XRP needs to rise to $ 0.1970 to support a run at the first major resistance level at $ 0.2001.
However, support from the broader market would be required for Ripple’s XRP to break out of the $ 0.19960 high on Monday.
Aside from an extended crypto rally, the first major resistance level at $ 0.2001 and Monday’s high would likely limit any uptrend.
Failure to bring Ripple’s XRP to a level of $ 0.1970 could cause Ripple’s XRP to drop deeper into the red.
A fall back below $ 0.1950 would bring the first major support level back into play at $ 0.1947.
However, barring a crypto meltdown, Ripple’s XRP should stay away from values below $ 0.19. The second major support level at $ 0.1918 would likely limit any downtrend.
Look at the technical indicators
Main support level: $ 0.1947
Main Resistance Level: $ 0.2001
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
This article was originally published on FX Empire
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