In This Article:
EOS
EOS rallied by 3.43% on Friday. Following on from a 0.88% gain on Thursday, EOS ended the day at $2.8153.
A choppy start to the day saw EOS rise to a late morning high $2.7658 before hitting reverse.
EOS broke through the first major resistance level at $2.7582 before falling to a late morning intraday low $2.7082.
Steering well clear of the major support levels, EOS rallied to a late afternoon intraday high $2.8650.
EOS broke through the first major resistance level and second major resistance level at $2.7942.
In spite of a late pullback, EOS managed to avoid a return to sub-$2.80 levels late in the day.
At the time of writing, EOS was down by 0.19% to $2.8100. A bearish start to the day saw EOS fall from an early morning high $2.8125 to a low $2.8000.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid sub-$2.7960 levels to take a run at the first major resistance level at $2.8841 into play.
Support from the broader market would be needed, however, for EOS to break out from Friday’s high $2.8650.
Barring another extended crypto rally, the first major resistance level at $2.8841 would likely cap any upside.
Failure to avoid sub-$2.7960 levels could see EOS give up Friday’s gains.
A fall through the $2.7960 pivot would bring the first major support level at $2.7273 into play.
Barring a crypto meltdown, however, EOS should steer clear of sub-$2.70 support levels. The second major support level sits at $2.6394.
Looking at the Technical Indicators
Major Support Level: $2.7273
Major Resistance Level: $2.8841
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 1.29% on Friday. Following on from a 0.58% decline on Thursday, Ethereum ended the day at $240.04.
A bullish start to the day saw Ethereum rally to a late morning intraday high $247.90 before hitting reverse.
Coming up against the first major resistance level at $247.88, Ethereum slid to a mid-afternoon intraday low $238.65.
Steering clear of the first major support level at $237.32, Ethereum recovered to $242 levels before easing back.
At the time of writing, Ethereum was down by 0.41% to $239.05. A bearish start to the day saw Ethereum fall from an early morning high $240.04 to a low $237.67.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through to $242 levels to support a run at the first major resistance level at $245.74.
Support from the broader market would be needed, however, for Ethereum to break out from the morning high $240.04.