EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 14/03/20

By March 16, 2020Ethereum
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EOS

EOS rallied by 19.46% on Friday. Partially reversing a 42.21% tumble from Thursday, EOS ended the day at $2.1243.

A particularly bearish start to the day saw EOS tumble to an early morning intraday low and new swing low $1.4200.

Steering clear of the major support levels, EOS bounced back to an early afternoon intraday high $2.2494.

Falling short of the major resistance levels, EOS fell back to $1.7 levels before finding late support.

At the time of writing, EOS was down by 3.03% to $2.0600. A bearish start to the day saw EOS fall from an early morning high $2.1272 to a low $2.0310.

EOS would need to move back through to $2.10 levels to bring the first major resistance level at $2.4425 into play.

Support from the broader market would be needed, however, for EOS to break out from Friday’s high $2.2494.

Barring a broad-based crypto rebound, the first major resistance level at $2.4425 would likely cap any upside.

Failure to move back through to $2.10 levels could see EOS fall deeper into the red.

A fall back through the morning low to sub-$1.9300 levels would bring the first major support level at $1.6131 into play.

Barring another crypto meltdown, however, EOS should steer well clear of the second major support level at $1.1018.

Major Support Level: $1.6131

Major Resistance Level: $2.4425

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 22.86% on Friday. Partially reversing a 43.33% slump from Thursday, Ethereum ended the day at $135.51.

Tracking the broader market, Ethereum fell to an early morning intraday low $90 before finding support.

Steering clear of the first major support level at $75.80, Ethereum bounced back to an early morning intraday high $148.00.

Falling short of the first major resistance level at $170.22, Ethereum fell back to sub-$110 levels before finding support.

Ethereum moved back through to $130 levels to deliver the upside on the day. The upside came in spite of a choppy afternoon that saw Ethereum revisit $115 levels…

At the time of writing, Ethereum was down by 1.50% to $133.48. A bearish start to the day saw Ethereum fall from an early morning high $135.90 to a low $130.50.

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

EOS rallied by 19.46% on Friday. Partially reversing a 42.21% tumble from Thursday, EOS ended the day at $2.1243.

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

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