EOS

EOS fell by 0.83% on Monday. Partially reversing a 3.17% rally from Sunday, EOS ended the day at $2.5685.

It was a choppy start to the day. EOS rose to a late morning intraday high $2.6196 before hitting reverse.

Falling well short of the first major resistance level at $2.6431, EOS fell back to sub-$2.57 levels before finding support.

EOS briefly revisited $2.60 levels again before sliding to a late intraday low $2.5402. Steering clear of the first major support level at $2.5013, EOS recovered to $2.56 levels to limit the downside.

At the time of writing, EOS was down by 0.26% to $2.5618. A bearish start to the day saw EOS fall from an early morning high $2.5675 to a low $2.5618.

EOS left the major support and resistance levels untested early on.

For the day ahead

EOS would need to move through the $2.5761 pivot level to support a run at the first major resistance level at $2.6120.

Support from the broader market would be needed, however, for EOS to break back through to $2.61 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $2.6196 would likely cap any upside.

Failure to move through the $2.5761 pivot would bring the first major support level at $2.5326 into play.

Barring another extended sell-off, EOS should continue to steer clear of sub-$2.45 levels. The second major support level at $2.4967 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $2.5326

Pivot Level: $2.5761

First Major Resistance Level: $2.6120

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 1.32% on Monday. Partially reversing a 1.44% decline from Sunday, Ethereum ended the day at $236.1.

It was also a choppy start to the day. Ethereum rose to an early morning intraday high $239.8 before hitting reverse.

Falling short of the first major resistance level at $241.69, Ethereum slid to a late intraday low $233.85.

Ethereum fell through the first major support level at $234.97 before moving back through to $236 levels.

At the time of writing, Ethereum was up by 0.11% to $236.35. A mixed start to the day saw Ethereum fall to an early morning low $235.77 before striking a high $236.46.

Ethereum left the major support and resistance levels untested early on.

For the day ahead

Ethereum would need to move through the $236.6 pivot to support a run at the first major resistance level at $239.32.

Support from the broader market would be needed, however, for Ethereum to break back through to $239 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $239.8 should cap any upside.

Failure to move through the $236.6 pivot would bring the first major support level at $233.37 into play.

Barring another extended sell-off, Ethereum should continue to steer clear of sub-$230 levels. The second major support level at $230.63 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $233.37

Pivot Level: $236.60

First Major Resistance Level: $239.32

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP slid by 2.45% on Monday. Reversing a 0.20% decline from Sunday, Ripple’s XRP ended the day at $0.19502.

Tracking the broader market, Ripple’s XRP rose to an early morning intraday $0.20068 before hitting reverse.

Ripple’s XRP fell through the first major support level at $0.1965 and the second major support level at $0.1932.

Finding late support, Ripple’s XRP moved back through the second major support level to cut the deficit on the day.

At the time of writing, Ripple’s XRP was down by 0.04% to $0.19494. A relatively bearish start to the day saw Ripple’s XRP fall from an early morning high $0.19497 to a low $0.19429.

Ripple’s XRP left the major support and resistance levels untested early on.

For the day ahead

Ripple’s XRP will need to move through the $0.1960 pivot to support a run at the first major resistance level at $0.1997.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.199 levels.

Barring a broad-based crypto rally, the first major resistance level and Monday’s high $0.20068 should cap any upside.

In the event of a breakout, Ripple’s XRP should test the second major resistance level at $0.2044 before any pullback.

Failure to move through the $0.1960 pivot would bring the first major support level at $0.1913 into play.

Barring another extended crypto sell-off, Ripple’s XRP should avoid the second major support level at $0.1875.

Looking at the Technical Indicators

First Major Support Level: $0.1913

Pivot Level: $0.1960

First Major Resistance Level: $0.1997

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

Thanks, Bob

This article was originally posted on FX Empire

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(Excerpt) Read more Here | 2020-07-20 22:27:57
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