In This Article:
EOS
EOS fell 1.20% on Sunday. Partially reversing a 1.89% gain from Saturday, EOS ended the week up by 2.95% to $3.0277.
A bullish start to the day saw EOS rise to an early morning intraday $3.0821 before hitting reverse.
Falling short of the first major resistance level at $3.1117, EOS slid to an early afternoon intraday low $2.9318.
EOS fell through the first major support level at $2.9968 before finding support.
A late recovery saw EOS move back through first major support level to wrap up the day at $3.00 levels
At the time of writing, EOS was up by 0.46% to $3.0416. A bullish start to the day saw EOS rise from an early morning low $3.0284 to a high $3.0450.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $3.0139 pivot level to support a run at the first major resistance level at $3.0959.
Support from the broader market would be needed, however, for EOS to break out from Saturday’s high $3.0821.
Barring an extended crypto rally, however, the major first resistance level at $3.0959 would likely cap any upside.
A fall through the $3.0139 pivot would bring the first major support level at $2.9456 into play.
Barring an extended sell-off, however, EOS should steer clear of the second major support level at $2.8636.
Looking at the Technical Indicators
First Major Support Level: $2.9456
Pivot Level: $3.0139
First Major Resistance Level: $3.0959
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 1.78% on Sunday. Partially reversing a 4.67% rally from Saturday, Ethereum ended the week up by 4.90% to $390.41.
A bullish start to the day saw Ethereum rise to an early morning intraday high $401.00 before seeing red.
Falling short of the first major resistance level at $406.32, Ethereum fell to an early afternoon intraday low $384.02.
Steering clear of the first major support level at $382.44, Ethereum recovered to $390 levels to limit the downside.
At the time of writing, Ethereum was up by 0.58% to $392.68. A bullish start to the day saw Ethereum rise from an early morning low $390.41 to a high $393.42.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $391.81 pivot to support a run at the first major resistance level at $399.60.
Support from the broader market would be needed, however, for Ethereum to break back through to $399 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $400 should cap any upside.