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 […]