EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 18/03/20

By March 19, 2020Ethereum
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EOS

EOS rose by 3.74% on Tuesday. Partially reversing a 7.21% slide from Monday, EOS ended the day at $1.9782.

A bullish start to the day saw EOS rise from an early morning intraday low $1.8808 to a high $2.0367 before easing back.

Steering clear of the major support and resistance levels, EOS fell back to sub-$2.00 levels before striking a late intraday high $2.0442.

Falling short of the first major resistance level at $2.0672, EOS eased back to wrap up the day at sub-$2.00 levels.

At the time of writing, EOS was up by 1.22% to $2.0023. A mixed start to the day saw EOS fall to an early morning low $1.9671 before striking a high $2.0062.

EOS would need to avoid sub-$2.00 levels to take a run at the first major resistance level at $2.0547.

Support from the broader market would be needed, however, for EOS to break out from the Tuesday’s high $2.0442.

Barring an extended crypto rally, the first major resistance level at $2.0547 would likely cap any upside.

Failure to avoid sub-$2.00 levels could see EOS fall back into the red.

A fall back through to sub-$1.9677 levels would bring the first major support level at $1.8913 into play.

Barring another crypto meltdown, however, EOS should steer well clear of the second major support level at $1.8043.

Major Support Level: $1.8913

Major Resistance Level: $2.0547

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 4.25% on Tuesday. Partially reversing a 9.69% slide from Monday, Ethereum ended the day at $116.09.

A bullish start to the day saw Ethereum rise from an early morning intraday low $109.66 to a high $121.49.

Steering clear of the major support and resistance levels, Ethereum fell back to an afternoon low $112.76.

Finding support from the broader market Ethereum recovered to $120 levels before a final hour pullback to $116 levels.

At the time of writing, Ethereum was up by 1.40% to $117.71. A mixed start to the day saw Ethereum fall to an early morning low $115.42 before striking a high $118.48.

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

Ethereum would need to move through to $120 levels to support a run at the first major resistance level at $121.83.

EOS rose by 3.74% on Tuesday. Partially reversing a 7.21% slide from Monday, EOS ended the day at $1.9782.

A bullish start to the day saw EOS rise from […]

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