EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 19/12/19

By December 19, 2019 Ethereum
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EOS

EOS surged by 11.71% on Wednesday. Reversing a 7.10% slide from Tuesday, EOS ended the day at $2.4700.

A bearish start to the day saw EOS fall to an early afternoon intraday low $2.1739 before making a move.

Steering clear of the major support levels, EOS rallied to a late intraday high $2.535. EOS broke through the first major resistance level at $2.3402 and the second major resistance level at $2.4693.

At the time of writing, EOS was down by 1.18% to $2.4409. A bearish start to the day saw EOS fall from an early morning high $2.4885 to a low $2.4188.

EOS would need to move back through the morning high $2.4885 to $2.50 levels to support a run at the first major resistance level at $2.6120.

Support from the broader market would be needed, however, for EOS to break out from $2.50 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 $2.50 levels could see EOS fall deeper into the red. A fall through the morning low $2.4188 would bring the first major support level at $2.2509 into play.

Barring a crypto meltdown, however, EOS should steer clear of the second major support level at S2.0319.

Major Support Level: $2.2509

Major Resistance Level: $2.6120

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 9.07% on Wednesday. Reversing a 7.96% slide from Tuesday, Ethereum ended the day at $132.89.

A bearish start to the day saw Ethereum slide to an early afternoon intraday low $116.25.

The reversal saw Ethereum fall through the first major support level at $116.67 before rallying to a late intraday high $134.81.

Ethereum broke through the first major resistance level at $129.83 to close out at $130 levels.

At the time of writing, Ethereum was down by 3.96% to $127.63. A bearish start to the day saw Ethereum slide from an early morning high $134.11 to a low $126.77.

Ethereum left the major support and resistance levels untested early on.

Ethereum would need to move back through to $130 levels to support a run at the first major resistance level at $139.72

EOS surged by 11.71% on Wednesday. Reversing a 7.10% slide from Tuesday, EOS ended the day at $2.4700.

A bearish start to the day saw EOS fall to an […]

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