EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 21/03/20

By March 21, 2020Ethereum
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EOS

EOS slid by 7.51% on Friday. Partially reversing a 13.71% rally from Thursday, EOS ended the day at $2.2047.

A bullish start to the day saw EOS rally to a late morning intraday high $2.5258 before hitting reverse.

EOS broke through the first major resistance level at $2.4650 before tumbling to a late intraday low $1.8900.

The reversal saw EOS fall through the first major support level at $2.0397 before finding late support.

At the time of writing, EOS was down by 0.75% to $2.1882. A mixed start to the day saw EOS rise to an early morning high $2.2904 before falling to a low $2.1626.

EOS would need to move through to $2.2070 levels to bring the first major resistance level at $2.5237 into play.

Support from the broader market would be needed, however, for EOS to break out from the morning high $2.2904.

Barring another extended rally, resistance at $2.40 levels would likely leave EOS short the first major resistance level at $2.5237.

Failure to move through to $2.2070 levels could see EOS fall deeper into the red.

A fall back through to sub-$2.20 levels would bring the first major support level at $1.8879 into play.

Barring another crypto meltdown, however, EOS should steer well clear of $1.8 support levels.

Major Support Level: $1.8879

Major Resistance Level: $2.5237

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 2.47% on Friday. Partially reversing a 15.25% rally from Thursday, Ethereum ended the day at $133.27

A bullish start to the day saw Ethereum rally to a late morning intraday high $154.00 before hitting reverse.

Ethereum broke through the first major resistance level at $148.84 before sliding to a late intraday low $115.51.

Ethereum fell through the first major support level at $120.12 before rebounding to $133 levels.

At the time of writing, Ethereum was down by 1.88% to $130.76. A mixed start to the day saw Ethereum rise to an early morning high $137.62 before falling to a low $127.81.

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

Ethereum would need to move through to $134 levels to support a run at the first major resistance level at $153.01.

EOS slid by 7.51% on Friday. Partially reversing a 13.71% rally from Thursday, EOS ended the day at $2.2047.

A bullish start to the day saw EOS rally to […]

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