EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 23/12/19

By December 25, 2019Ethereum
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EOS

EOS rose by 3.92% on Sunday. Reversing a 1.60% decline from Saturday, EOS ended the week down by 0.99% to $2.5481.

A bearish start to the day saw EOS fall to an early morning intraday low $2.4499 before making a move.

Steering clear of the first major support level at $2.4288, EOS rallied to a late intraday high $2.5634.

EOS broke through the first major resistance level at $2.4847 and the second major resistance level at $2.5166.

In spite of a late pullback, EOS held above the second major resistance level through to the end of the day.

At the time of writing, EOS was up by 0.99% to $2.5734. A bullish start to the day saw EOS rally from an early morning low $2.5472 to a high $2.5961 before easing back.

Steering clear of the major support levels, EOS broke through the first major resistance level at $2.5910 early on.

EOS would need to hold on to $2.57 levels to support another run at the first major resistance level at $2.5910.

Support from the broader market would be needed, however, for EOS to break out from $2.58 levels for the 2nd time.

Barring an extended broad-based crypto rally, the first major resistance level would likely pin EOS back from $2.60 levels.

Failure to hold onto $2.57 levels could see EOS hit reverse. A fall through the morning low $2.5471 would bring $2.52 levels into play before any recovery.

Barring a crypto meltdown, however, EOS should steer clear of the first major support level at $2.4775.

Major Support Level: $2.4775

Major Resistance Level: $2.5910

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 4.12% on Sunday. Reversing a 0.99% decline from Saturday, Ethereum ended the week down 7.01% at $132.4.

Bullish from the start of the day, Ethereum rallied from an early morning intraday low $126.89 to a late intraday high $133.22.

Steering clear of the first major support level at $126.33, Ethereum broke through the major resistance levels.

In spite of a late pullback, Ethereum avoided a fall back through the third major resistance level at $131.03.

At the time of writing, Ethereum was up by 1.37% to $134.22. A bullish start to the day saw Ethereum rise from an early morning low $132.22 to a high $135.24.

Steering clear of the major support levels, Ethereum broke through the first major resistance level at $134.78.

EOS rose by 3.92% on Sunday. Reversing a 1.60% decline from Saturday, EOS ended the week down by 0.99% to $2.5481.

A bearish start to the day saw EOS […]

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