In This Article:
EOS
EOS slid by 3.49% on Monday. Partially reversing a 4.72% slide from Sunday, EOS ended the day at $2.5108.
A choppy start to the day saw EOS rise to an early morning high $2.6706 before sliding to a noon low $2.5578.
Steering clear of the first major support level at $2.5136, EOS rallied to an early afternoon intraday high $2.7099.
Falling short of the first major resistance level at $2.7182, EOS tumbled to a late intraday low $2.4403.
EOS fell through the first major support level at $2.5137 before finding late support to wrap up the day at $5.10 levels.
At the time of writing, EOS was up by 0.51% to $2.5235. It was a mixed start to the day. EOS rose from an early morning low $2.5020 to a high $2.5418 before easing back.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move back through to $2.55 levels to support a run at the first major resistance level at $2.6408.
Support from the broader market would be needed, however, for EOS to break out from the morning high $2.5418.
Barring an extended crypto rally, the first major resistance level and Monday’s high $2.6706 should limit any upside.
Failure to move back through to $2.55 levels could see EOS give up the early gains.
A fall back through the morning low $2.5020 would bring the first major support level at $2.4105 into play before any recovery.
Barring a crypto sell-off, however, EOS should steer clear of sub-$2.40 levels on the day.
Looking at the Technical Indicators
Major Support Level: $2.4105
Major Resistance Level: $2.6408
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum slid by 5.42% on Monday. Following on from a 3.97% fall on Sunday, Ethereum ended the day at $170.50.
A bullish start to the day saw Ethereum rise to an early morning intraday high $186.67 before hitting reverse.
Falling short of the first major resistance level at $188.03, Ethereum slid to a late intraday low $166.40.
Ethereum fell through the first major support level at $174.64 and the second major support level at $168.89.
Finding late support, Ethereum broke back through the second major support level to return to $170 levels.
At the time of writing, Ethereum was up by 1.06% to $172.30. A bullish start to the day saw Ethereum rise from an early morning low $169.85 to a high $173.84.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through to $174.50 levels to support a run at the first major resistance level at $182.65.