EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 24th, 2020

By June 24, 2020Ethereum
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EOS

EOS fell by 0.66% on Tuesday. Partially reversing a 3.10% rally from Monday, EOS ended the day at $2.5742.

It was a bullish start to the day, with EOS rising to an early morning intraday high $2.6038 before hitting reverse.

Falling well short of the first major resistance level at $2.6328, EOS slid to a mid-morning intraday low $2.5581.

Steering clear of the first major support level at $2.5316, EOS recovered to $2.59 levels by the late afternoon.

Failing to break back through to $2.60 levels, however, left EOS struggling late in the day. EOS fell back to sub-$2.57 levels before wrapping up the day at $2.57 levels.

At the time of writing, EOS was up by 0.02% to $2.5746. A mixed start to the day saw EOS rise from an early morning low $2.5746 to a high $2.5778 before easing back.

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

EOS would need to move through the $2.5790 pivot level to support a run at the first major resistance level at $2.5993.

Support from the broader market would be needed, however, for EOS to break back through to $2.59 levels.

Barring another extended crypto rally, the first major resistance level and Tuesday’s high $2.6038 would likely limit any upside.

Failure to move through the $2.5790 pivot could see EOS fall further back.

A fall through to sub-$2.57 levels would bring the first major support level at $2.5536 into play.

Barring an extended sell-off, EOS should avoid sub-$2.50. The second major support level at $2.5330 should limit any downside on the day.

Major Support Level: $2.5536

Major Resistance Level: $2.5993

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 0.05% on Tuesday. Partially reversing Monday’s 6.82% rally, Ethereum ended the day at $243.12.

A mixed start to the day saw Ethereum fall to an early morning intraday low $240.73 before finding support.

Steering clear of the first major support level at $231.3, Ethereum rose to a late intraday high $244.80 before easing back.

Falling well short of the first major resistance level at $251.05, Ethereum fell back to sub-$243 and into the red. In spite of a final hour recovery to $243 levels, Ethereum failed to close out the day in the green.

At the time of writing, Ethereum was up by 0.07% to $243.30. A mixed start to the day saw Ethereum fall to an early morning low $242.89 before striking a high $243.45.

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

EOS fell by 0.66% on Tuesday. Partially reversing a 3.10% rally from Monday, EOS ended the day at $2.5742.

It was a bullish start to the day, with EOS […]

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