EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 23rd, 2020

By June 23, 2020Ethereum
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EOS

EOS rallied by 3.10% on Monday. Reversing a 0.92% fall from Sunday, EOS ended the day at $2.5913.

It was bullish throughout the day for EOS. EOS rallied from an early intraday low $2.5134 to a late intraday high $2.6146.

Steering clear of the major support levels, EOS broke through the first major resistance level at $2.5465 early on.

In the second half of the day, EOS then broke through the second major resistance level at $2.5763. A visit to $2.61 levels was brief, however, with EOS easing back to wrap up the day at $2.59 levels.

At the time of writing, EOS was up by 0.33% to $2.5999. A bullish start to the day saw EOS rise from an early morning low $2.5908 to a high $2.6018.

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

EOS would need to avoid a fall through the $2.5730 pivot level to support a run at the first major resistance level at $2.6328.

Support from the broader market would be needed, however, for EOS to break out from Monday’s high $2.6146.

Barring another extended crypto rally, the first major resistance level at $2.6328 would likely limit any upside.

Failure to avoid a fall through the $2.5730 pivot could see EOS reverse Monday’s gain.

A fall through the $2.5730 pivot would bring the first major support level at $2.5316 into play.

Barring an extended sell-off, EOS should avoid sub-$2.50 and the second major support level at $2.4719.

Major Support Level: $2.5316

Major Resistance Level: $2.6328

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 6.82% on Monday. Reversing a 0.43% decline from Sunday, Ethereum ended the day at $243.23.

Tracking the broader market, Ethereum rallied from an early morning intraday low $227.2 to late intraday high $246.95.

Steering clear of the major support levels, Ethereum broke through the day’s major resistance levels.

A late pullback from the day high left Ethereum short of $250. Ethereum held well above the third major resistance level at $235.88 at the day end, however.

At the time of writing, Ethereum was up by $0.46% to $244.36. A bullish start to the day saw Ethereum rise from an early morning low $243.24 to a high $244.36

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

EOS rallied by 3.10% on Monday. Reversing a 0.92% fall from Sunday, EOS ended the day at $2.5913.

It was bullish throughout the day for EOS. EOS rallied from […]

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