EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 20/12/19

By December 20, 2019Ethereum
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EOS

EOS slipped by 0.53% on Thursday. Partially reversing an 11.71% surge from Wednesday, EOS ended the day at $2.4651.

Another bearish start to the day saw EOS fall from an early morning high $2.4885 to a late morning intraday low $2.4145.

Steering clear of the first major support level at $2.2509, EOS bounced back to a late intraday high $2.5103.

Falling short of the first major resistance level at $2.6120, EOS fell back to sub-$2.47 levels to end the day in the red.

At the time of writing, EOS was down by 0.99%. A bearish 1st hour saw EOS fall from an early morning high $2.4681 to a low $2.4349.

EOS would need to move through to $2.46 levels to support a run at the first major resistance level at $2.5121.

Support from the broader market would be needed, however, for EOS to break through $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 $2.46 levels could see EOS hit reverse. A fall through the morning low $2.4349 would bring the first major support level at $2.4163 into play.

Barring a crypto meltdown, however, EOS should steer clear of sub-$2.3 support levels. The second major support level at S2.3675 should limit any downside.

Major Support Level: $2.4163

Major Resistance Level: $2.5121

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 3.54% on Thursday. Partially reversing a 9.07% rally from Wednesday, Ethereum ended the day at $128.18.

Bearish through the morning, Ethereum fell from an early morning intraday high $134.11 to an early afternoon intraday low $125.68.

Steering well clear of the day’s major support and resistance levels, Ethereum managed to recover to $128 levels to limit the loss on the day.

At the time of writing, Ethereum was down by 0.94% to $126.97. A bearish start to the day saw Ethereum fall from an early morning high $128.64 to a low $126.25.

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

Ethereum would need to move through to $129.5 levels to support a run at the first major resistance level at $132.97.

EOS slipped by 0.53% on Thursday. Partially reversing an 11.71% surge from Wednesday, EOS ended the day at $2.4651.

Another bearish start to the day saw EOS fall from […]

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