EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 14/02/20

By February 16, 2020Ethereum
Click here to view original web page at finance.yahoo.com

EOS

EOS rose by 0.42% on Thursday. Following on from a 1.47% gain on Wednesday, EOS ended the day at $5.3555.

A choppy start to the days aw EOS rise to an early morning intraday high $5.4861 before hitting reverse.

EOS broke through the first major resistance level at $5.4429 before sliding to a late morning intraday low $5.1700.

EOS fell through the first major support level at $5.2395 before striking an afternoon high $5.4199.

Falling short of the first major resistance level, EOS fell back through the first major support level before a late recovery.

At the time of writing, EOS was up by 1.10% to $5.4142. A mixed start to the day saw EOS fall to an early morning low $5.2674 before striking a high $5.4200.

EOS would need to move back through Thursday’s high $5.4861 to support a run at the first major resistance level at $5.5044.

Support from the broader market would be needed, however, for EOS to break through to $5.5 levels.

Barring a broad-based crypto rebound, the first major resistance level and Thursday’s high $5.4861 would likely the upside on the day.

Failure to move back through Thursday’s high could see EOS hit reverse.

A fall back through to sub-$5.3370 levels would bring the first major support level at $5.1883 into play.

Barring an extended crypto sell-off, however, EOS should continue to steer of sub-$5.00 levels. The second major support level at $5.0211 should limit any downside.

Major Support Level: $5.1883

Major Resistance Level: $5.5044

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 0.67% on Thursday. Following on from an 11.98% surge on Wednesday, Ethereum ended the day at $268.42.

A mixed start to the day saw Ethereum rise to an early morning high $275 before sliding to a mid-morning intraday low $253.75.

Whilst steering clear of the first major support level at $244.24, Ethereum fell through the 23.6% FIB of $257 before making a move.

Finding support from the broader market, Ethereum rallied to an early afternoon intraday high $278.01.

While breaking back through the 23.6% FIB, Ethereum fell short of the first major resistance level at $282.44 before easing back to sub-$270 levels.

At the time of writing, Ethereum was up by 0.69% to $270.26. A mixed start to the day saw Ethereum fall to an early morning low $264.01 before striking a high $270.72.

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

EOS rose by 0.42% on Thursday. Following on from a 1.47% gain on Wednesday, EOS ended the day at $5.3555.

A choppy start to the days aw EOS rise […]

Leave a Reply