EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 31/12/19

By December 31, 2019Ethereum
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EOS

EOS slid by 2.37% on Monday. Reversing a 2.46% rally on Sunday, EOS ended the day at $2.6324.

A choppy start to the day saw EOS rise to a mid-morning intraday high $2.7248 before hitting reverse.

Falling short of the first major resistance level at $2.7429, EOS tumbled to a mid-afternoon intraday low $2.607.

The reversal saw EOS fall through the first major support level at $2.6410 before finding support.

Steering clear of sub-$2.60 levels, EOS recovered to $2.64 levels before easing back in the final hour.

At the time of writing, EOS was down by 0.09% to $2.6299. A mixed start to the day saw EOS fall to an early morning low $2.6134 before striking a high $2.6390.

EOS would need to move through to $2.65 levels to support a run at the first major resistance level at $2.7025.

Support from the broader market would be needed, however, for EOS to break back through the morning high $2.6390.

Barring an extended broad-based crypto rally, Monday’s high $2.7248 and first major resistance level would likely limit any upside later the day.

Failure to move through to $2.65 levels would bring the first major support level at $2.5847 into play.

Barring a crypto meltdown, however, EOS should steer clear of the second major support level at $2.5369.

Major Support Level: $2.5847

Major Resistance Level: $2.7025

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 2.39% on Monday. Partially reversing a 4.96% rally on Sunday, Ethereum ended the day at $131.1.

A relatively bullish start to the day saw Ethereum rise to a mid-morning intraday high $135.97 before hitting reverse.

Falling short of the first major resistance level at $139.03, Ethereum slid to a mid-afternoon intraday low $129.79.

Steering clear of the first major support level at $128.40, Ethereum recovered to $131 levels to limit the downside.

At the time of writing, Ethereum was down by 0.08% to $130.99. A mixed start to the day saw Ethereum fall to an early morning low $130.31 before striking a high $131.35.

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

EOS slid by 2.37% on Monday. Reversing a 2.46% rally on Sunday, EOS ended the day at $2.6324.

A choppy start to the day saw EOS rise to a […]

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