EOS
EOS fell by 0.88% on Thursday. Following on from a 2.78% slide on Wednesday, EOS ended the day at $2.4824.
It was another bullish start to the day, with EOS rising to an early morning intraday high $2.5332 before hitting reverse.
Coming up well short of the first major resistance level at $2.5852, EOS slid to an early morning intraday low $2.4346.
EOS fell through the first major support level at $2.4419 before recovering to $2.50 levels going into the afternoon.
Through the 2nd half of the day, EOS it was bearish, however, with EOS falling back to sub-$2.47 levels before steadying.
At the time of writing, EOS was down by 0.15% to $2.4786. A bearish start to the day saw EOS fall from an early morning high $2.4829 to a low $2.4786.
EOS left the major support and resistance levels untested early on.
EOS would need to move through the $2.4835 pivot level to support a run at the first major resistance level at $2.5322.
Support from the broader market would be needed, however, for EOS to break out from $2.50 levels.
Barring another extended crypto rally, the first major resistance level would likely leave EOS short of $2.60 levels once more.
Failure to move through the $2.4835 pivot could see EOS fall further back.
A fall through sub-$2.45 levels would bring Thursday’s low $2.4346 and the first major support level at $2.4336 into play.
Barring an extended sell-off, EOS should steer clear of the second major support level at $2.3848. A key support level sitting at $2.40 will likely come into play on the day.
Major Support Level: $2.4336
Major Resistance Level: $2.5322
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 0.92% on Thursday. Following on from a 3.55% slide on Wednesday, Ethereum ended the day at $232.29.
It was a mixed start to the day. Ethereum rose to an early morning intraday high $235.24 before hitting reverse.
Falling short of the first major resistance level at $245.43, Ethereum slid to an early morning intraday low $227.05.
Finding support at the first major support level at $227.05, Ethereum bounced back to $235 levels going into the afternoon.
Through the 2nd half of the day, it was relatively range-bound. Ethereum managed an early afternoon high $234.68 before falling to a late low $231.04.
At the time of writing, Ethereum was down by 0.10% to $232.06. A bearish start to the day saw Ethereum fall from an early morning high $232.25 to a low $231.48.
Ethereum left the major support and resistance levels untested early on.
EOS fell by 0.88% on Thursday. Following on from a 2.78% slide on Wednesday, EOS ended the day at $2.4824.
It was another bullish start to the day, with […]