EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 13/03/20

By March 13, 2020Ethereum
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EOS

EOS tumbled by 42.21% on Thursday. Following a 0.15% gain on Wednesday, EOS ended the day at $1.782.

A particularly bearish start to the day saw EOS fell from an early morning intraday high $3.0969 to a late morning low $1.8258.

EOS fell through the major support levels before briefly returning to $2.30 levels.

Falling short of the third major support level at $2.4956, EOS slid to a final hour intraday low $1.6900.

At the time of writing, EOS was up by 0.42% to $1.7895. A choppy start to the day saw EOS slide to an early low and new swing low $1.42 before striking a high $2.0535.

EOS would need to move back through to $2.20 levels to bring the first major resistance level at $2.6893 into play.

Support from the broader market would be needed, however, for EOS to break out from the morning high $2.0535.

Barring a broad-based crypto rally, resistance at $2.00 would likely leave EOS short of the first major resistance level.

Failure to move back through to $2.20 levels could see EOS fall back into the red.

A fall back through the morning low $1.4200 would bring the first major support level at $1.2824 into play.

Barring an extended crypto meltdown, however, EOS should steer clear of sub-$1.00 levels.

Major Support Level: $1.2824

Major Resistance Level: $2.6893

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum slumped by 43.33% on Thursday. Following a 3.00% slide on Wednesday, Ethereum ended the day at $110.3.

Tracking the broader market, Ethereum fell from an early morning intraday high $195.64 to a late morning low $126.28.

Ethereum fell through the major support levels before briefly recovering to $151 levels.

Ethereum broke back through the third major support level at $148.90 before tumbling to a final hour intraday low $101.22.

The sell-off saw Ethereum fall back through the third major support level to join the pack in the deep red.

At the time of writing, Ethereum was up by 5.29% to $116.14. A mixed start to the day saw Ethereum slide to an early morning low $90.00 before striking a high $148.00.

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

EOS tumbled by 42.21% on Thursday. Following a 0.15% gain on Wednesday, EOS ended the day at $1.782.

A particularly bearish start to the day saw EOS fell from […]

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