EOS

EOS fell by 1.05% on Sunday. Reversing a 1.29% gain from Saturday, EOS ended the week down by 2.07% to $2.6719.

A bearish start to the day saw EOS fall to an early morning low $2.6649 before making a move.

EOS fell through the first major support level at $2.6678 before striking a late morning intraday high $2.7033.

Falling well short of the first major resistance level at $2.7444, EOS tumbled to an early afternoon intraday low $2.6156.

EOS fell back through the first major support level and the second major support level at $2.6328.

Steering clear of sub-$2.60 levels, EOS broke back through the support levels to briefly revisit $2.68 levels.

A bearish end to the day, however, saw EOS fall back to wrap up the day at sub-$2.68 levels.

At the time of writing, EOS was down by 0.04% to $2.6707. A bearish start to the day saw EOS fall from an early morning high $2.6740 to a low $2.6587.

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

For the day ahead

EOS would need to avoid a fall back through the $2.6636 pivot level to support a run at the first major resistance level at $2.7116.

Support from the broader market would be needed, however, for EOS to break out from $2.70 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

Failure to avoid a fall back through the pivot level at $2.6636 would bring the first major support level at $2.6239 into play.

Barring another extended sell-off, however, EOS should steer of the second major support level at $2.5759.

Looking at the Technical Indicators

First Major Support Level: $2.6239

Pivot Level: $2.6636

First Major resistance Level: $2.7116

23.6% FIB Retracement Level: $6.52

38% FIB Retracement Level: $9.68

62% FIB Retracement Level: $14.77

Ethereum

Ethereum slid by 3.78% on Sunday. Following a 0.16% gain on Saturday, Ethereum ended the week up by 1.12% to $370.69.

It was a bearish end to the week. Ethereum fell from an early morning intraday high $385.31 to a late afternoon intraday low $364.89.

Ethereum fell the first major support level at $378.81 and the second major support level at $372.39.

More significantly, Ethereum also fell through the 38.2% FIB of $367 before finding support.

Ethereum briefly broke back through the 38.2% FIB and the second major support level before falling back to $366 levels.

Finding late support at the $38.2% FIB, however, Ethereum wrapped up the week at $370 levels.

At the time of writing, Ethereum was down by 0.27% to $369.69. A bearish start to the day saw Ethereum fall from an early morning high $371.03 to a low $368.69.

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

For the day ahead

Ethereum would need to move through the $373.63 pivot to support a run at the first major resistance level at $382.37.

Support from the broader market would be needed, however, for Ethereum to break back through to $380 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

Failure to move through the $373.63 pivot would bring the 38.2% FIB and the first major support level at $361.95 into play.

Barring another extended sell-off, however, Ethereum should steer clear the second major support level at $353.21.

Looking at the Technical Indicators

First Major Support Level: $361.95

Pivot Level: $373.63

First Major Resistance Level: $382.37

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP fell by 1.79% on Sunday. Reversing a 0.17% gain from Saturday, Ripple’s XRP ended the week up by 1.83% to $0.2465.

It was also a bearish end to the week. Ripple’s XRP slid from an early morning intraday high $0.25127 to a late afternoon intraday low $0.24252.

Ripple’s XRP fell through the first major support level at $0.2475 and the second major support level at $0.2439.

Steering clear of sub-$0.24 levels, Ripple’s XRP briefly revisited $0.2470 levels before easing back.

While breaking back through the second major support level, the first major support level pinned Ripple’s XRP late in the day.

At the time of writing, Ripple’s XRP was down by 0.46% to $0.24536. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.24659 to a low $0.24441.

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 $0.2468 pivot to support a run at the first major resistance level at $0.2510.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.25 levels.

Barring an extended crypto rally, the first major resistance level and Sunday high $0.25127 would likely limit any upside.

Failure to move through the $0.2468 pivot would bring the first major support level at $0.2423 into play.

Barring another extended crypto sell-off, Ripple’s XRP should steer clear of the second major support level at $0.2380.

Looking at the Technical Indicators

First Major Support Level: $0.2423

Pivot Level: $0.2468

First Major Resistance Level: $0.2510

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 posted on FX Empire

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(Excerpt) Read more Here | 2020-09-20 22:25:19
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