EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 20th, 2020

By June 20, 2020Ethereum
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EOS

EOS fell by 0.39% on Friday. Following on from a 1.19% decline on Thursday, EOS ended the day at $2.5256.

It was yet another mixed start to the day. EOS slid to an early morning intraday low $2.034 before making a move.

Finding support at the first major support level at $2.5026, EOS bounced back to a late morning intraday high $2.5500.

Falling well short of the first major resistance level at $2.5793, EOS fell back to sub-$2.52 levels and into the red. A late move back through to $2.52 levels limited the loss on the day.

At the time of writing, EOS was up by 0.08% to $2.5275. A mixed start to the day saw EOS fall to an early morning low $2.5224 before rising to a high $2.5275.

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

EOS would need to avoid a fall back through the $2.5265 pivot level to bring the first major resistance level at $2.5493 into play.

Support from the broader market would be needed, however, for EOS to break out from $2.53 levels.

Barring an extended crypto rally, the first major resistance level at $2.5493 would likely limit any upside.

Failure to avoid a fall back through the $2.5265 pivot could see EOS struggle on the day.

A fall back through the morning low $2.5224 would bring the first major support level at $2.5027 into play.

In the event of an extended sell-off, the second major support level at $2.4797 would likely come into play.

Major Support Level: $2.5027

Major Resistance Level: $2.5493

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 1.03% on Friday. Following on from Thursday’s 1.09% pullback, Ethereum ended the day at $228.66.

A bearish start to the day saw Ethereum slide to an early morning intraday low $226.43 before making a move.

Ethereum fell through the first major support level at $227.45 before striking a mid-day intraday high $231.90.

Coming up short of the first major resistance level at $234.58, Ethereum slid back to sub-$228 before finding late support.

At the time of writing, Ethereum was down by 0.14% to $228.35. A mixed start to the day saw Ethereum rise to an early morning high $228.89 before falling to a low $228.34.

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

EOS fell by 0.39% on Friday. Following on from a 1.19% decline on Thursday, EOS ended the day at $2.5256.

It was yet another mixed start to the day. […]

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