EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 30/12/19

By December 31, 2019Ethereum
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EOS

EOS rallied by 2.46% on Sunday. Following on from a 1.78% gain on Saturday, EOS ended the week up by 5.99% to $2.7005.

Bullish through the day, EOS rallied from an early morning intraday low $2.6238 to a late intraday high $2.7257.

Steering clear of the first major support level at $2.5880, EOS broke through the first major resistance level at $2.6807.

Coming up against the second major resistance level at $2.7269, EOS fell back to sub-$2.70 levels before finding late support.

It was the first closeout at $2.7 levels since 8th December.

At the time of writing, EOS was up by 0.14% to $2.7044. A mixed start to the day saw EOS fall to an early morning low $2.6764 before striking a high $2.7155.

EOS would need to steer clear of $2.68 levels to support a run at the first major resistance level at $2.7429.

Support from the broader market would be needed, however, for EOS to break back through the morning high $2.7155.

Barring an extended broad-based crypto rally, Sunday’s high $2.7257 and first major resistance level would likely limit any upside later the day.

Failure to steer clear of $2.68 levels would bring the first major support level at $2.6410 into play.

Barring a crypto meltdown, however, EOS should steer clear of the second major support level at $2.5814.

Major Support Level: $2.6410

Major Resistance Level: $2.7429

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 4.96% on Sunday. Following on from a 1.33% gain on Saturday, Ethereum ended the week up by 1.44% to $134.3.

A bearish start to the day saw Ethereum fall to an early morning intraday low $127.22 before making a move.

Steering clear of the first major support level at $125.94, Ethereum rallied to a late intraday high $137.85.

Ethereum broke through the major resistance levels before falling back to $132 levels.

While holding above the second major resistance level at $131.57, Ethereum failed to break back through the third major resistance level at $135.37.

At the time of writing, Ethereum was up by 0.16% to $134.52. A mixed start to the day saw Ethereum fall to an early morning low $133.01 before striking a high $135.37.

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

EOS rallied by 2.46% on Sunday. Following on from a 1.78% gain on Saturday, EOS ended the week up by 5.99% to $2.7005.

Bullish through the day, EOS rallied […]

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