In This Article:
EOS
EOS slid by 5.13% on Saturday. Reversing a 1.92% gain from Friday, EOS ended the day at $3.6566.
A bearish start to the day saw EOS fall from an early morning intraday high $3.8626 to an early afternoon low $3.7718.
Steering clear of the major support and resistance levels, EOS recovered to $3.85 levels before hitting reverse.
The reversal saw EOS slide through the first major support level at $3.7560 to a late afternoon intraday low $3.6295.
While finding support late on, EOS failed to break back through the first major support level.
At the time of writing, EOS was down by 1.10% to $3.6163. A bearish start to the day saw EOS slide from an early morning high $3.6480 to a low $3.5852.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through to $3.72 to bring the first major resistance level at $3.8030 into play.
Support from the broader market would be needed, however, for EOS to break out from the morning high $3.6480.
Barring a broad-based crypto rebound, resistance at $3.70 would likely leave EOS short of the first major resistance level and Saturday’s high $3.8626.
Failure to move through to $3.72 levels could see EOS fall deeper into the red.
A fall back through to sub-$3.60 levels would bring the first major support level at $3.5699 back into play.
Barring an extended crypto sell-off, however, EOS should steer clear of sub-$3.50 support levels.
Looking at the Technical Indicators
Major Support Level: $3.5699
Major Resistance Level: $3.8030
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 3.17% on Saturday. Partially reversing a 7.42% rally from Friday, Ethereum ended the day at $237.75.
A relatively bullish start to the day saw Ethereum rise to an early afternoon intraday high $253.01 before hitting reverse.
Ethereum broke through the first major resistance level before sliding to a final hour intraday low $236.67.
In spite of the reversal, Ethereum steered clear of the first major support level at $233.61 on the day.
At the time of writing, Ethereum was down by 3.36% to $229.77. A particularly bearish start to the day saw Ethereum slide from an early morning high $237.75 to a low $229.04.
Ethereum slid through the first major support level at $231.94 and second major resistance level at $226.14 early on.
For the day ahead
Ethereum would need to move back through the first major support level at $231.94 to $242.5 levels to support a run at the first major resistance level at $248.48.