In This Article:
EOS
EOS fell by 0.97% on Monday. Partially reversing a 3.92% rally from Sunday, EOS ended the day at $2.5234.
A mixed morning saw EOS strike an early morning high $2.5961 before falling to a mid-morning low $2.5306.
EOS broke through the first major resistance level at $2.5910, whilst steering clear of the major support levels. Through the early afternoon, EOS rallied to a mid-afternoon intraday high $2.6142 before hitting reverse.
EOS broke back through the first major resistance level before sliding to a late intraday low $2.5007.
In spite of the pullback, EOS steered clear of the first major support level at $2.4775.
At the time of writing, EOS was down by 0.05% to $2.5222. A mixed start to the day saw EOS fall to an early morning low $2.5090 before striking a high $2.5276.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through to $2.5460 levels to support another run at the first major resistance level at $2.5915.
Support from the broader market would be needed, however, for EOS to break out from the morning high $2.5276.
Barring an extended broad-based crypto rally, the first major resistance level would likely pin EOS back from Monday’s high $2.6142.
Failure to move through to $2.5460 levels could see EOS slide deeper into the red. A fall through the morning low $2.5090 would bring sub-$2.50 levels into play before any recovery.
Barring a crypto meltdown, however, EOS should steer clear of the first major support level at $2.4780.
Looking at the Technical Indicators
Major Support Level: $2.4780
Major Resistance Level: $2.5915
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum slid by 3.49% on Monday. Partially reversing a 4.12% rally from Sunday, Ethereum ended the day at $127.78.
A bullish start to the day saw Ethereum rally to an early morning intraday high $135.24 before falling to a mid-morning low $131.06.
Ethereum broke through the first major resistance level at $134.78 in the early hours.
Steering clear of the major support levels, Ethereum struck an afternoon high $134.36 before sliding to a late intraday low $126.16.
Ethereum fell through the first major support level at $128.45.
At the time of writing, Ethereum was down by 0.14% to $127.60. A mixed start to the day saw Ethereum rise to an early morning high $128.50 before falling to a low $127.33.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through to $129.80 levels to support a run at the first major resistance level at $133.29.