EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 27/02/20

By February 27, 2020 Ethereum
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EOS

EOS tumbled by 13.10% on Wednesday. Following on from a 1.25% fall on Tuesday, EOS ended the day at $3.5377.

A mixed start to the day saw EOS rise to an early morning intraday high $4.1114 before sliding to an early morning intraday low $3.7700.

Steering clear of the major resistance levels, EOS fell through the first major support level at $3.9051.

Finding support through the late morning, EOS broke back through the first major support level to $3.98 levels before hitting reverse.

EOS fell through the major support levels to a late afternoon intraday low $3.3285.

Finding support late on, EOS broke back through the third major support level at $3.3775 to wrap up the day at $3.5 levels.

At the time of writing, EOS was up by 0.57% to $3.5579. A mixed start to the day saw EOS fall to an early morning low $3.3900 before striking a high $3.5900.

EOS would need to move back through to $3.66 levels to support a run at the first major resistance level at $3.9899.

Support from the broader market would be needed, however, for EOS to break back through the morning high $3.5900.

Barring a broad-based crypto rally, however, the first major resistance level would likely leave EOS short of $4.00 levels.

Failure to move back through to $3.66 levels could see EOS fall back into the red.

A fall back through the morning low $3.3900 would bring the first major support level at $3.2070 into play.

Barring an extended crypto sell-off, however, EOS should continue to steer well clear of sub-$3.30 levels.

Major Support Level: $3.2070

Major Resistance Level: $3.9899

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum tumbled by 9.25% on Wednesday. Following on from a 7.17% slide on Tuesday, Ethereum ended the day at $223.5.

A mixed start to the day saw Ethereum rise to an early morning intraday high $250.84 before hitting reverse.

Falling short of the first major resistance level at $260.35, Ethereum slid to a late afternoon intraday low $215.33.

Ethereum fell through the first major support level at $238.55 and the second major support level at $230.59. Of greater significance, however, was a fall through the 23.6% FIB of $257.00.

Through the latter part of the day, Ethereum recovered to $230 levels before falling back through the second major support level.

At the time of writing, Ethereum was down by 2.75% to $217.36. A bearish start to the day saw Ethereum fall from an early morning high $223.85 to a low $209.26.

Ethereum fell through the first major support level at $217.57 and second major support level at $211.63 before finding support.

EOS tumbled by 13.10% on Wednesday. Following on from a 1.25% fall on Tuesday, EOS ended the day at $3.5377.

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

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