EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 15/05/20

By May 15, 2020Ethereum
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EOS

EOS rallied by 4.01% on Thursday. Following on from a 3.77% gain on Wednesday, EOS ended the day at $2.6261.

A choppy start to the day saw EOS fall to a mid-morning intraday low $2.4687 before finding support.

Steering clear of the first major support level at $2.4445, EOS rallied to a late intraday high $2.6519.

EOS broke through the first major resistance level at $2.5839 and the second major resistance level at $2.6416.

A pullback late in the day, however, saw EOS fall back through the second major resistance level.

At the time of writing, EOS was down by 2.22% to $2.5678. A bearish start to the day saw EOS slide from an early morning high $2.6351 to a low $2.5361.

EOS would need to move through to $2.5820 levels to bring the first major resistance level at $2.6958 into play.

Support from the broader market would be needed, however, for EOS to break out from Thursday’s high $2.6519.

Barring a broad-based crypto rebound, however, resistance at $2.60 would likely leave EOS short of the major resistance levels.

Failure to move back through to $2.5820 levels would see EOS slide deeper into the red.

A fall through the morning low $2.5361 would bring the first major support level at $2.5126 into play.

Barring an extended crypto sell-off, however, EOS should steer clear of the second major support level at $2.3990.

Major Support Level: $2.5126

Major Resistance Level: $2.6958

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 1.74% on Thursday. Following on from a 5.26% rally on Wednesday, Ethereum ended the day at $203.40.

Tracking the broader market, Ethereum fell to a mid-morning intraday low $195.70 before making a move.

Steering clear of the first major support level at $191.66, Ethereum rallied to a late morning intraday high $206.25.

Ethereum broke through the first major resistance level at $204.89 before sliding back to $196 levels.

Finding support late in the day, however, Ethereum bounced back to end the day in the green.

At the time of writing, Ethereum was down by 1.92% to $199.49. A bearish start to the day saw Ethereum fall from an early morning high $204.30 to a low $196.82.

Ethereum fell through the first major support level at $197.32 before finding support.

EOS rallied by 4.01% on Thursday. Following on from a 3.77% gain on Wednesday, EOS ended the day at $2.6261.

A choppy start to the day saw EOS fall […]

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