EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 28/12/19

By December 28, 2019 Ethereum
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EOS

EOS rallied by 2.07% on Friday. Following on from a 1.65% gain on Thursday, EOS ended the day at $2.5817.

A mixed start to the day saw EOS rise to an early morning high $2.5708 before sliding to a mid-day intraday low $2.5151.

Steering clear of the first major support level at $2.4501, EOS rallied to a late afternoon intraday high $2.5996.

With resistance at $2.60 levels pinning EOS back from the first major resistance level at $2.6261, EOS eased back late in the day.

At the time of writing, EOS was up by 2.34% to $2.6421. A bullish start to the day saw EOS rally from an early morning low $2.5887 to a high $2.6662.

EOS broke through the first major resistance level at $2.6158 and second major resistance level at $2.6500 before easing back.

EOS would need to hold above the first major resistance level to support another run at the second major resistance level at $2.6500.

Support from the broader market would be needed, however, for EOS to break back through the second major resistance level.

Barring an extended broad-based crypto rally, resistance at $2.65 would likely limit any upside later the day.

Failure to steer clear of the first major resistance level could see EOS hit reverse. A fall through to sub-$2.60 would bring the first major support level at $2.5313 into play.

Barring a crypto meltdown, however, EOS should steer clear of the second major support level at $2.4810.

Major Support Level: $2.5313

Major Resistance Level: $2.6158

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose 1.40% on Friday. Following on from a 0.42% gain on Thursday, Ethereum ended the day at $126.23.

Tracking the broader market, Ethereum fell from an early morning high$126.38 to a late morning intraday low $122.15.

Finding support at the first major support level at $122.35, Ethereum bounced back to a late afternoon intraday high $126.7.

Falling short of the first major resistance level at $130.35, Ethereum eased back to $124 levels before late support delivered the upside for the day.

At the time of writing, Ethereum was up by 1.09% to $127.61. A bullish start to the day saw Ethereum rally from an early morning low $125.8 to a high $128.00.

Steering clear of the major support levels, Ethereum broke through the first major resistance level at $127.90 early on.

EOS rallied by 2.07% on Friday. Following on from a 1.65% gain on Thursday, EOS ended the day at $2.5817.

A mixed start to the day saw EOS rise […]

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