In This Article:
EOS
EOS slid by 7.10% on Tuesday. Following on from a 7.48% tumble on Monday, EOS ended the day at $2.2110.
Bearish through the day, EOS fell from an early morning intraday high $2.3804 to a late morning low $2.3289 before finding support.
Steering clear of the major support and resistance levels, EOS recovered to $2.36 levels before hitting reverse.
The reversal saw EOS slide through the first major support level at $2.2487 to a late intraday low $2.1624.
Finding late support, EOS moved back to $2.2 levels to cut the deficit on the day.
At the time of writing, EOS was up by 1.45% to $2.2430. A bullish start to the day saw EOS rise from an early morning low $2.2028 to a high $2.2547.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move back through to $2.25 levels to support a run at the first major resistance level at $2.3402.
Support from the broader market would be needed, however, for EOS to break out from $2.20 levels.
Barring a broad-based crypto rally, resistance at $2.3 levels would likely pin EOS back on the day.
Failure to move through to $2.25 levels could see EOS hit reverse. A fall through the morning low $2.2028 would bring the first major support level at $2.1222 into play.
Barring a crypto meltdown, however, EOS should steer clear of sub-$2.00 levels. The second major support level at $2.0333 should limit any downside on the day.
Looking at the Technical Indicators
Major Support Level: $2.1222
Major Resistance Level: $2.3402
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum tumbled by 7.96% on Tuesday. Following on from a 7.04% slide on Monday, Ethereum ended the day at $121.83
Tracking the broader market, Ethereum slid from an early morning intraday high $132.66 to a late intraday low $119.5.
Steering clear of the major resistance levels, Ethereum fell through the first major support level at $126.75 and second major resistance level at $121.14.
Ethereum’s first visit to sub-$120 levels since February was brief, however, with Ethereum closing out the day at $121 levels.
The late move saw Ethereum break back through the second major support level before the day end.
At the time of writing, Ethereum was up by 2.74% to $125.17. A bullish start to the day saw Ethereum rise from an early morning low $121.20 to a high $125.45.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to steer clear of sub-$125 levels to support a run at the first major resistance level at $129.83.