In This Article:
EOS
EOS gained 1.04% on Monday. Partially reversing a 3.28% slide on Sunday, EOS ended the day at $3.5851.
Tracking the broader market in the early part of the day, EOS rallied to an early morning intraday high $3.7167.
EOS broke through the first major resistance level at $3.6761 before hitting reverse.
Bearish through the rest of the day, EOS slid into the red with a fall to a late intraday low $3.5436 before finding support.
Steering clear of the first major support level at $3.4429, EOS move back into positive territory late in the day.
The extended bearish trend, formed back at April 2018’s swing hi $23.03, remained firmly intact. EOS continued to fall short of the 23.6% FIB of $6.62 following a pullback from $8.65 levels in late June.
This Morning
At the time of writing, EOS was down by 1.56% to $3.5290. A bearish start to the day saw EOS fall from a morning high $3.5964 to a low $3.5183.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the morning high to $3.6150 levels to support a run at the first major resistance level at $3.6867.
EOS would need the support of the broader market, however, to break out from the morning high $3.5964.
In the event of a broad-based crypto rebound, EOS could visit Monday’s high $3.7167 before any pullback.
Failure to move through to $3.6150 levels could see EOS fall deeper into the red. A fall back through the morning low $3.5183 would bring the first major support level at $3.5136 into play.
Barring an extended sell-off through the day, EOS should steer well clear of the second major support level at $3.4420.
Looking at the Technical Indicators
Major Support Level: $3.5136
Major Resistance Level: $3.6867
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 0.91% on Monday. Partially reversing a 2.26% fall from Sunday, Ethereum ended the day at $188.30.
A particularly bullish start to the day saw Ethereum rally to an early morning intraday high $194.28 before hitting reverse.
Ethereum broke through the first major resistance level at $192.22 early on. Sliding through the rest of the day, Ethereum fell to a late intraday low $185.51 and into the red before support kicked in late on.
The late support pulled Etherium into positive territory on the day.
The extended bearish trend, formed at late April 2018’s swing hi $828.97, remained firmly intact. A reversal from June’s current year high $364.49 back through the 23.6% FIB of $257 reaffirmed the extended bearish trend.