EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 22/03/20

By March 22, 2020 Ethereum
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EOS

EOS rose by 3.54% on Saturday. Partially reversing a 7.51% slide from Friday, EOS ended the day at $2.2776.

A bullish start to the day saw EOS rally to an early morning high $2.2904 before hitting reverse.

Falling short the first major resistance level at $2.5237 EOS fell to a late morning intraday low $2.1118.

Steering well clear of the first major support level at $1.8879, EOS rallied to a late intraday high $2.3667.

Falling short of the first major resistance level at $2.5237, EOS eased back to sub-$2.30 levels.

At the time of writing, EOS was up by 2.74% to $2.3400. A bullish start to the day saw EOS rise from an early morning low $2.2558 to a high $2.3487.

EOS would need to move through to $2.35 levels to bring the first major resistance level at $2.3923 into play.

Support from the broader market would be needed, however, for EOS to break out from the morning high $2.3487.

Barring another extended rally, the first major resistance level at $2.3923 would likely limit any upside.

Failure to move through to $2.35 levels could see EOS hit reverse.

A fall back through to sub-$2.25 levels would bring the first major support level at $2.1374 into play.

Barring another crypto meltdown, however, EOS should steer well clear of $2.00 support levels.

Major Support Level: $2.1374

Major Resistance Level: $2.3923

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 0.42% on Saturday. Following on from a 2.47% decline on Friday, Ethereum ended the day at $132.79.

A mixed start to the day saw Ethereum rise to an early morning high $137.62 before sliding into the red.

Falling short of the first major resistance level at $153.01, Ethereum fell to a late morning intraday low $125.84.

Steering clear of the first major support level at $114.52, Ethereum struck a late intraday high $137.64 before falling back into the red.

In spite of the breakout, Ethereum fell short of the first major resistance level at $153.01 for the 2nd time.

At the time of writing, Ethereum was up by 2.52% to $136.13. A bullish start to the day saw Ethereum rise from an early morning low $130.65 to a high $136.92.

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

EOS rose by 3.54% on Saturday. Partially reversing a 7.51% slide from Friday, EOS ended the day at $2.2776.

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

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