EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 14th, 2020

By June 14, 2020Ethereum
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EOS

EOS rose by 0.36% on Saturday. Following on from a 3.38% gain on Friday, EOS ended the day at $2.6063.

A bearish start to the day saw EOS fall to an early morning intraday low $2.5549 before making a move.

Steering clear of the first major support level at $2.5182, EOS rallied to a late intraday high $2.6209 before easing back.

Falling short of the first major resistance level at $2.6490, EOS fell back to sub-$2.58 levels before wrapping up the day at $2.60 levels.

At the time of writing, EOS was down by 0.36% to $2.5970. A bearish start to the day saw EOS fall from an early morning high $2.6105 to a low $2.5944.

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

EOS would need to avoid sub-$2.5940 levels to take bring the first major resistance level at $2.6332 into play.

Support from the broader market would be needed, however, for EOS to break out from Saturday’s high $2.6209.

Barring an extended crypto rally, the first major resistance level at $2.6332 would likely limit any upside.

Failure to avoid a fall through the $2.5940 pivot could see EOS struggle on the day.

A fall through the $2.5940 pivot would bring the first major support level at $2.5672 into play.

Barring an extended crypto sell-off, however, EOS should steer well clear of the second major support level at $2.5280.

Major Support Level: $2.5672

Major Resistance Level: $2.6332

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 0.25% on Saturday. Following on from a 3.21% rally on Friday, Ethereum ended the day at $238.17.

It was a choppy start to the day. Ethereum fell to a late morning intraday low $234.11 before finding support.

Steering clear of the first major support level at $234.4, Ethereum rallied to a late intraday high $238.8.

Falling short of the first major resistance level at $242.1, Ethereum fell back to sub-$236 levels before finding late support.

A late move back through to $238 levels delivered the upside on the day.

At the time of writing, Ethereum was down by 0.22% to $237.64. A bearish start to the day saw Ethereum fall from an early morning high $238.22 to a low $237.33.

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

EOS rose by 0.36% on Saturday. Following on from a 3.38% gain on Friday, EOS ended the day at $2.6063.

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

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