Daily Tech Analysis EOS, Ripple’s and Ethereum XRP
EOS slid by 2.05% on Monday. Following on from a 1.16% loss on Sunday, EOS ended the day at $2.8437. It was a mixed start to the day. EOS rose to an early morning intraday high $2.9416 before hitting reverse.
Falling short of the first major resistance level at $3.0221, EOS slid to a mid-day intraday low $2.6562. EOS fell through the first major support level at $2.7997 and the second major support level at $2.6946.
Finding afternoon support, EOS broke back through the support levels to revisit $2.89 levels before easing back. At the time of writing, EOS was down by 0.05% to $2.8522. A mixed start to the day saw EOS rise to an early morning high $2.8603 before falling to a low $2.8489.
EOS left the major support and resistance levels untested early on.
EOS would need to avoid a fall through the $2.8138 pivot level to support a run at the first major resistance level at $2.9715. Support from the broader market would be needed, however, for EOS to break out from Monday’s high $2.9416.
Barring an extended crypto rally, the first major resistance level and Monday’s high would likely cap any upside. Failure to avoid a fall through the pivot level at $2.8138 would bring the first major support level at $2.6861 into play.
Barring another extended sell-off, however, EOS should steer well clear of sub-$2.60 levels. The second major support level sits at $2.5284.
- Looking at the Technical Indicators
- First Major Support Level: $2.6861
- Pivot Level: $2.8138
- First Major resistance Level: $2.9715
- 23.6% FIB Retracement Level: $6.52
- 38% FIB Retracement Level: $9.68
- 62% FIB Retracement Level: $14.77
Ethereum rose by 0.24% on Monday. Following a 5.23% rally on Sunday, Ethereum ended the day at $353.71. It was also a mixed start to the day. Ethereum rose to an early morning intraday high $358.66 before hitting reverse.
Falling short of the first major resistance level at $370.11, Ethereum slid to a mid-day intraday low $323.17. Ethereum fell through the first major support level at $325.93 before revisiting $355 levels late in the day.
In spite of a late pullback, however, Ethereum avoided a return to the red.
At the time of writing, Ethereum was up by 0.21% to $354.46. It was a mixed start to the day. Ethereum rose to an early morning high $355.19 before falling to a low $353.64.
Ethereum left the major support and resistance levels untested early on.
