EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 25th, 2020

By June 25, 2020Ethereum
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EOS

EOS fell by 2.78% on Wednesday. Following on from a 0.66% decline on Tuesday, EOS ended the day at $2.5045.

It was another bullish start to the day, with EOS rising to an early morning intraday high $2.6033 before hitting reverse.

Coming up against the first major resistance level at $2.5993, EOS slid to an early afternoon intraday low $2.4600.

EOS fell through the day’s major support levels before moving back through the third major support level at $2.4873.

A late move back through to $2.50 levels reduced the deficit on the day.

At the time of writing, EOS was down by 0.08% to $2.5003. A bearish start to the day saw EOS fall from an early morning high $2.5045 to a low $2.5003.

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

EOS would need to move through the $2.5230 pivot level to support a run at the first major resistance level at $2.5852.

Support from the broader market would be needed, however, for EOS to break out from $2.55 levels.

Barring another extended crypto rally, the first major resistance level would likely leave EOS short of $2.60 levels.

Failure to move through the $2.5230 pivot could see EOS fall further back.

A fall through Wednesday’s low $2.46 would bring the first major support level at $2.4419 into play.

Barring an extended sell-off, EOS should avoid sub-$2.40 and the second major support level at $2.3793. A key support level sitting at $2.40 should limit the downside on the day.

Major Support Level: $2.4419

Major Resistance Level: $2.5852

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum slid by 3.55% on Wednesday. Following on from a 0.05% decline on Tuesday, Ethereum ended the day at $234.44.

It was a particularly bullish start to the day. Ethereum rallied to a mid-morning intraday high $249.04 before hitting reverse.

Ethereum broke through the first major resistance level at $245.04 and second major resistance level at $246.95.

Coming up against resistance at $250, Ethereum slid to a mid-afternoon intraday low $230.66.

The reversal saw Ethereum fall through the day’s major support levels before briefly revisiting $235 levels.

A partial recovery saw Ethereum come against the third major support level at $234.74, which left Ethereum in the deep red.

At the time of writing, Ethereum was down by 0.01% to $234.41. A mixed start to the day saw Ethereum rise to an early morning high $234.59 before falling to a low $233.85.

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

EOS fell by 2.78% on Wednesday. Following on from a 0.66% decline on Tuesday, EOS ended the day at $2.5045.

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

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