EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 29th, 2020

By June 29, 2020Ethereum
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EOS

EOS rose by 1.56% on Sunday. Partially reversing a 6.01% slide from Saturday, EOS ended the week down by 5.72% to $2.3697.

A bearish start to the day saw EOS fall to an early morning intraday low $2.3093 before making a move.

Steering well clear of the first major support level at $2.1892, EOS rallied to a late afternoon intraday high $2.4048.

Falling well short of the first major resistance level at $2.4805, EOS eased back to sub-$3.37 levels to limit the upside.

Resistance at $2.40 pinned EOS back on the day.

At the time of writing, EOS was down by 0.14% to $2.3665. A mixed start to the day saw EOS rise to an early morning high $2.3727 before falling to a low $2.3655.

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

EOS would need to avoid a fall through the $2.3610 pivot level to support a run at the first major resistance level at $2.4132.

Support from the broader market would be needed, however, for EOS to break out from Sunday’s high $2.4048.

Barring an extended crypto rally, the first major resistance level at $2.4132 would likely cap any upside.

Failure to avoid a fall through the $2.3610 pivot could see EOS fall further back.

A fall through to sub-$2.36 levels would bring the first major support level at $2.3177 into play.

Barring another extended sell-off, EOS should steer clear of the second major support level at $2.2658.

Major Support Level: $2.3177

Major Resistance Level: $2.4132

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 1.82% on Sunday. Partially reversing a 3.79% fall from Saturday, Ethereum ended the week down by 1.29% to $224.76.

Tracking the broader market, Ethereum fell to an early morning intraday low $217.35 before finding support.

Steering clear of the first major support level at $213.58, Ethereum rallied to a late afternoon intraday high $227.93.

Falling short of the first major resistance level at $229.53, Ethereum fell back to $223 levels before wrapping up at $224 levels.

At the time of writing, Ethereum was down by 0.03% to $224.69. A mixed start to the day saw Ethereum rise to an early morning high $225.36 before falling to a low $224.68.

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

EOS rose by 1.56% on Sunday. Partially reversing a 6.01% slide from Saturday, EOS ended the week down by 5.72% to $2.3697.

A bearish start to the day saw […]

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