EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 13/05/20

By May 13, 2020Ethereum
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EOS

EOS rose by 1.60% on Tuesday. Partially reversing a 1.87% fall from Monday, EOS ended the day at $2.4373.

Bullish through the morning, EOS rose to an early afternoon intraday high $2.4655 before hitting reverse.

Falling short of the first major resistance level at $2.5053, EOS slid to a late intraday low $2.3948.

Steering clear of the first major support level at $2.2833, EOS recovered from negative territory to wrap up the day at $2.43 levels.

At the time of writing, EOS was up by 0.42% to $2.4476. A relatively bullish start to the day saw EOS rise from an early morning low $2.4344 to a high $2.4525.

EOS would need to move through to $2.45 levels to bring the first major resistance level at $2.4703 into play.

Support from the broader market would be needed, however, for EOS to break out from Tuesday’s high $2.4655.

Barring an extended crypto rebound, the first major resistance level, and Tuesday’s high would likely limit any upside.

Failure to move back through to $2.45 levels would see EOS slide into the red.

A fall through the morning low to sub-$2.4330 levels would bring the first major support level at $2.3996 into play.

Barring another extended crypto sell-off, however, EOS should steer clear of sub-$2.20 levels.

The second major support level at $2.3618 should limit any downside.

Major Support Level: $2.3996

Major Resistance Level: $2.4703

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 2.24% on Tuesday. Reversing a 0.92% loss from Monday, Ethereum ended the day at $190.10.

Tracking the broader market, Ethereum rose from an early morning intraday low $185.79 to a mid-afternoon intraday high $192.89.

Falling short of the first major resistance level at $194.32, Ethereum fell back to $186 levels before finding late support.

At the time of writing, Ethereum was up by 0.42% to $190.89. A relatively bullish start to the day saw Ethereum rise from an early morning low $189.49 to a high $191.47.

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

Ethereum would need to move through to $192 levels to bring the first major resistance level at $193.40 into play.

EOS rose by 1.60% on Tuesday. Partially reversing a 1.87% fall from Monday, EOS ended the day at $2.4373.

Bullish through the morning, EOS rose to an early afternoon […]

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