EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 22/12/19

By December 22, 2019 Ethereum
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EOS

EOS fell by 1.60% on Saturday. Reversing a 1.13% gain from Friday, EOS ended the day at $2.4528.

Bearish through the morning, EOS fell from an early morning intraday high $2.4926 to an early afternoon intraday low $2.4367.

Steering clear of the major resistance levels, EOS came within range of the first major support level at $2.4326.

Finding support at $2.43 levels EOS briefly visited $2.47 levels before a late pullback.

At the time of writing, EOS was up by 0.38% to $2.4622. A mixed start to the day saw EOS fall to an early morning low $2.4499 before striking a high $2.4622.

EOS would need to steer clear of sub-$2.4600 levels to support a run at the first major resistance level at $2.4847.

Support from the broader market would be needed, however, for EOS to break out from $2.47 levels.

Barring a broad-based crypto rally, the first major resistance level and Saturday’s high $2.4926 would likely pin EOS back from $2.50 levels.

Failure to steer clear of sub-$2.46 levels could see EOS hit reverse. A fall through the morning low $2.4499 would bring the first major support level at $2.4288 into play.

Barring a crypto meltdown, however, EOS should steer clear of sub-$2.40 support levels. The second major support level at $2.4048 should limit any downside.

Major Support Level: $2.4288

Major Resistance Level: $2.4847

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 0.99% on Saturday. Reversing a 0.15% gain from Friday, Ethereum ended the day at $127.09.

Tracking the broader market, Ethereum fell from an early morning intraday high $128.45 to an early afternoon intraday low $126.63.

Falling well short of the first major resistance level at $129.89, Ethereum came within range of the first major support level at $126.28.

Finding support through the mid-afternoon, Ethereum managed to close out at $127 with sub-$127 support limiting the downside.

At the time of writing, Ethereum was up by 0.22% to $127.37. A mixed start to the day saw Ethereum fall to an early morning low $126.89 before striking a high $127.42.

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

EOS fell by 1.60% on Saturday. Reversing a 1.13% gain from Friday, EOS ended the day at $2.4528.

Bearish through the morning, EOS fell from an early morning intraday […]

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