EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 26th, 2020

By June 26, 2020Ethereum
Click here to view original web page at finance.yahoo.com

EOS

EOS fell by 0.88% on Thursday. Following on from a 2.78% slide on Wednesday, EOS ended the day at $2.4824.

It was another bullish start to the day, with EOS rising to an early morning intraday high $2.5332 before hitting reverse.

Coming up well short of the first major resistance level at $2.5852, EOS slid to an early morning intraday low $2.4346.

EOS fell through the first major support level at $2.4419 before recovering to $2.50 levels going into the afternoon.

Through the 2nd half of the day, EOS it was bearish, however, with EOS falling back to sub-$2.47 levels before steadying.

At the time of writing, EOS was down by 0.15% to $2.4786. A bearish start to the day saw EOS fall from an early morning high $2.4829 to a low $2.4786.

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

EOS would need to move through the $2.4835 pivot level to support a run at the first major resistance level at $2.5322.

Support from the broader market would be needed, however, for EOS to break out from $2.50 levels.

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

Failure to move through the $2.4835 pivot could see EOS fall further back.

A fall through sub-$2.45 levels would bring Thursday’s low $2.4346 and the first major support level at $2.4336 into play.

Barring an extended sell-off, EOS should steer clear of the second major support level at $2.3848. A key support level sitting at $2.40 will likely come into play on the day.

Major Support Level: $2.4336

Major Resistance Level: $2.5322

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 0.92% on Thursday. Following on from a 3.55% slide on Wednesday, Ethereum ended the day at $232.29.

It was a mixed start to the day. Ethereum rose to an early morning intraday high $235.24 before hitting reverse.

Falling short of the first major resistance level at $245.43, Ethereum slid to an early morning intraday low $227.05.

Finding support at the first major support level at $227.05, Ethereum bounced back to $235 levels going into the afternoon.

Through the 2nd half of the day, it was relatively range-bound. Ethereum managed an early afternoon high $234.68 before falling to a late low $231.04.

At the time of writing, Ethereum was down by 0.10% to $232.06. A bearish start to the day saw Ethereum fall from an early morning high $232.25 to a low $231.48.

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

EOS fell by 0.88% on Thursday. Following on from a 2.78% slide on Wednesday, EOS ended the day at $2.4824.

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

Leave a Reply