EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 12/03/20

By March 12, 2020 Ethereum
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EOS

EOS rose by 0.15% on Wednesday. Following on from 0.29% gain on Tuesday, EOS ended the day at $3.0827.

A mixed start to the day saw EOS rise to an early morning intraday high $3.1204 before hitting reverse.

Falling short of the first major resistance level at $3.1656, EOS slid to a late afternoon intraday low $2.8580.

The reversal saw EOS fall through the first major support level at $2.9992 and the second major support level at $2.9169.

Finding support late on, EOS broke back through the major support levels to a high $3.1084 before easing back.

At the time of writing, EOS was down by 0.06% to $3.0809. A mixed start to the day saw EOS rise to an early morning high $3.0969 before falling to a low $3.0689.

EOS would need to move back through to $3.10 levels to bring the first major resistance level at $3.1827 into play.

Support from the broader market would be needed, however, for EOS to break out from Wednesday’s high $3.1204.

Barring a broad-based crypto rally, the first major resistance level would likely limit any upside on the day.

Failure to move back through to $3.10 levels could see EOS fall deeper into the red.

A fall back through to sub-$3.02 levels would bring the first major support level at $2.9203 into play.

Barring an extended crypto sell-off, however, EOS should steer clear of the second major support level at $2.7580.

Major Support Level: $2.9203

Major Resistance Level: $3.1827

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum slid by 3.00% on Wednesday. Following on from a 1.11% fall on Tuesday, Ethereum ended the day at $194.61.

Tracking the broader market, Ethereum rose to an early morning intraday high $202.98 before hitting reverse.

Falling short of the first major resistance level at $206.13, Ethereum slid to a late afternoon intraday low $181.00.

The reversal saw Ethereum fall through the first major support level at $195.02 and the second major support level at $189.54.

Finding late support, Ethereum broke back through the major support levels before falling back through the first major support level.

At the time of writing, Ethereum was down by 0.33% to $193.96. A mixed start to the day saw Ethereum rise to an early morning high $195.64 before falling to a low $193.24.

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

EOS rose by 0.15% on Wednesday. Following on from 0.29% gain on Tuesday, EOS ended the day at $3.0827.

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

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