In This Article:
EOS
EOS rallied by 4.44% on Saturday. Reversing a 1.50% decline from Friday, EOS ended the day at $2.7377.
A mixed start to the day saw EOS fall from an early morning high $2.6762 to a late morning intraday low $2.6164.
Steering clear of the first major support level at $2.5796, EOS rallied to a late intraday high $2.7704.
EOS broke through the first major resistance level at $2.6725 and second major resistance level at $2.7219.
In spite of a final hour pullback, EOS avoided a fall back through the second major resistance level.
At the time of writing, EOS was down by 1.40% to $2.6994. A bearish start to the day saw EOS fall from an early morning high $2.7411 to a low $2.6477.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move back through to $2.70 levels to support a run at the first major resistance level at $2.7999.
Support from the broader market would be needed, however, for EOS to break out from Saturday’s high $2.7704.
Barring an extended crypto rally, the first major resistance level at $2.7999 and Saturday’s high should limit any upside.
Failure to move back through to $2.70 levels could see EOS fall deeper into the red.
A fall back through to the morning low $2.6477 would bring the first major support level at $2.6459 into play before any recovery.
Barring an extended crypto sell-off, however, EOS should steer clear of sub-$2.60 levels on the day.
Looking at the Technical Indicators
Major Support Level: $2.6459
Major Resistance Level: $2.7999
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rallied by 9.97% on Saturday. Reversing a 0.98% decline from Friday, Ethereum ended the day at $187.88.
Tracking the broader market, Ethereum rallied from an early morning intraday low $170.69 to a late intraday high $191.22.
Steering clear of the major support levels, Ethereum broke through the day’s major resistance levels.
In spite of a final hour pullback, Ethereum avoided a fall through the third major resistance level at $184.70.
At the time of writing, Ethereum was down by 0.63% to $186.70. A bearish start to the day saw Ethereum fall from an early morning high $189.92 to a low $185.00.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move back through to $190 levels to support a run at the first major resistance level at $195.84.
Support from the broader market would be needed, however, for Ethereum to break out from Saturday’s high $191.22.