EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 25/12/19

By December 26, 2019Ethereum
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EOS

EOS rose by 1.09% on Tuesday. Reversing a 0.97% fall from Monday, EOS ended the day at $2.5519.

A bearish start to the day saw EOS fall from an early morning high $2.5319 to a mid-morning intraday low $2.4884.

Steering clear of the first major support level at $2.4780, EOS bounced back to an early afternoon intraday high $2.5730.

Falling short of the first major resistance level at $2.5915, EOS eased back to $2.50 levels before finding late support.

At the time of writing, EOS was down by 0.66% to $2.5350. A bearish start to the day saw EOS fall from an early morning high $2.5541 to a low $2.5248.

EOS would need to move through to $2.5380 levels to support a run at the first major resistance level at $2.5871.

Support from the broader market would be needed, however, for EOS to break out from the Tuesday’s high $2.5730.

Barring an extended broad-based crypto rally, the first major resistance level would likely limit any upside on the day.

Failure to move through to $2.5380 levels could see EOS slide deeper into the red. A fall through the morning low $2.5248 would bring the first major support level at $2.5025 into play.

Barring a crypto meltdown, however, EOS should steer clear of the second major support level at $2.4532.

Major Support Level: $2.5025

Major Resistance Level: $2.5871

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum slipped by just 0.03% on Tuesday. Following on from a 3.49% slide on Monday, Ethereum ended the day at $127.71.

A bearish start to the day saw Ethereum fall to a mid-morning intraday low $126.50 before finding support.

Steering clear of the first major support level at $124.21, Ethereum struck an early afternoon intraday high $129.50.

Falling short of the first major resistance level at $133.29, Ethereum fell back to $126 levels before finding late support.

At the time of writing, Ethereum was down by 1.22% to $126.15. A bearish start to the day saw Ethereum fall from an early morning high $127.77 to a low $125.00.

Steering clear of the major resistance levels, Ethereum fell through the first major support level at $126.31 early on.

EOS rose by 1.09% on Tuesday. Reversing a 0.97% fall from Monday, EOS ended the day at $2.5519.

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

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