EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 24/12/19

By December 25, 2019 Ethereum
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EOS

EOS fell by 0.97% on Monday. Partially reversing a 3.92% rally from Sunday, EOS ended the day at $2.5234.

A mixed morning saw EOS strike an early morning high $2.5961 before falling to a mid-morning low $2.5306.

EOS broke through the first major resistance level at $2.5910, whilst steering clear of the major support levels. Through the early afternoon, EOS rallied to a mid-afternoon intraday high $2.6142 before hitting reverse.

EOS broke back through the first major resistance level before sliding to a late intraday low $2.5007.

In spite of the pullback, EOS steered clear of the first major support level at $2.4775.

At the time of writing, EOS was down by 0.05% to $2.5222. A mixed start to the day saw EOS fall to an early morning low $2.5090 before striking a high $2.5276.

EOS would need to move through to $2.5460 levels to support another run at the first major resistance level at $2.5915.

Support from the broader market would be needed, however, for EOS to break out from the morning high $2.5276.

Barring an extended broad-based crypto rally, the first major resistance level would likely pin EOS back from Monday’s high $2.6142.

Failure to move through to $2.5460 levels could see EOS slide deeper into the red. A fall through the morning low $2.5090 would bring sub-$2.50 levels into play before any recovery.

Barring a crypto meltdown, however, EOS should steer clear of the first major support level at $2.4780.

Major Support Level: $2.4780

Major Resistance Level: $2.5915

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum slid by 3.49% on Monday. Partially reversing a 4.12% rally from Sunday, Ethereum ended the day at $127.78.

A bullish start to the day saw Ethereum rally to an early morning intraday high $135.24 before falling to a mid-morning low $131.06.

Ethereum broke through the first major resistance level at $134.78 in the early hours.

Steering clear of the major support levels, Ethereum struck an afternoon high $134.36 before sliding to a late intraday low $126.16.

Ethereum fell through the first major support level at $128.45.

At the time of writing, Ethereum was down by 0.14% to $127.60. A mixed start to the day saw Ethereum rise to an early morning high $128.50 before falling to a low $127.33.

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

EOS fell by 0.97% on Monday. Partially reversing a 3.92% rally from Sunday, EOS ended the day at $2.5234.

A mixed morning saw EOS strike an early morning high […]

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