EOS
EOS slid by 3.16% on Monday. Following on from a 1.25% loss from last week, EOS ended the day at $2.6712.
A mixed start to the day saw EOS rise to an early morning intraday high $2.7673 before falling to a late morning low $2.7268.
EOS left the major support and resistance levels untested through the morning. Finding support from the broader market, EOS recovered to $2.76 levels in the early afternoon, before hitting reverse.
Falling well short of the major resistance levels, EOS tumbled to a late intraday low $2.6251.
The sell-off saw EOS slide through the first major support level at $2.7118 and the second major support level at $2.6652.
In spite of finding support late in the day, a failure to break back through the first major support level left EOS deep in the red on the day.
At the time of writing, EOS was up by 0.18% to $2.6759. A bearish start to the day saw EOS fall to an early morning low $2.6617 before striking a high $2.6851.
EOS would need to move through to $2.6880 levels to support a run at the first major resistance level at $7.7502.
Support from the broader market would be needed, however, for EOS to break back through to $2.70 levels.
Barring a broad-based crypto rally, the first major resistance level would likely pin EOS Back on the day.
Failure to move through to $2.6880 levels could EOS slide back into the red.
A fall through the early morning low $2.6617 would bring the first major support level at $2.6080 into play.
Barring a crypto meltdown, however, EOS should steer clear of sub-$2.60 levels.
Major Support Level: $2.6080
Major Resistance Level: $2.7502
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum fell by 2.25% on Monday. Following on from a 0.17% decline from last week and reversing a 2.22% rally from Sunday, Ethereum ended the day at $147.3.
Tracking the broader market, Ethereum rose to an early morning high $151.25 before falling to a late morning low $148.84.
Steering clear of the major support and resistance levels, Ethereum bounced back to an early afternoon intraday high $151.47.
Falling short of the first major resistance level at $153.0, Ethereum slid through to a late intraday low $146.69.
The sell-off saw Ethereum fall through the first major support level at $147.36 before finding support.
While failing to break back through the first major support level, the move through to $147 levels limited the downside.
The extended bearish trend, formed at late April 2018’s swing hi $828.97, remained firmly intact. A reversal from June’s current year high $364.49 back through the 23.6% FIB of $257 reaffirmed the extended bearish trend.
At the time of writing, Ethereum was down by 0.22% to $146.98. A mixed start to the day saw Ethereum fall to an early morning low $146.29 before striking a high $148.22.
Ethereum left the major support and resistance levels untested early on.
EOS slid by 3.16% on Monday. Following on from a 1.25% loss from last week, EOS ended the day at $2.6712.
A mixed start to the day saw EOS […]