EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – September 19th, 2020

By September 19, 2020Ethereum
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EOS

EOS fell slid by 1.86% on Friday. Reversing a 0.96% gain from Thursday, EOS ended the day at $2.6891.

It was a mixed start to the day. EOS slipped to an early morning low $2.7144 before striking a late morning intraday high $2.7598.

Falling short of the first major resistance level at $2.7797, EOS fell to a late afternoon intraday low $2.6501

EOS fell through the first major support level at $2.6945 to find support at the second major support level at $2.6505.

Off the back of the late support, EOS briefly revisited $2.69 levels before wrapping up the day at $2.68 levels. The first major support level at $2.6945 pinned EOS back late in the day.

At the time of writing, EOS was down by 0.22% to $2.6833. A bearish start to the day saw EOS fall from an early morning high $2.6928 to a low $2.6799.

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

For the day ahead

EOS would need to move through the $2.6997 pivot level to support a run at the first major resistance level at $2.7492.

Support from the broader market would be needed, however, for EOS to break out from $2.70 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $2.7598 would likely cap any upside.

Failure to move through the pivot level at $2.6997 would bring the first major support level at $2.6395 into play.

Barring an extended sell-off, however, EOS should steer of the second major support level at $2.5900.

Looking at the Technical Indicators

First Major Support Level: $2.6395

Pivot Level: $2.6997

First Major resistance Level: $2.7492

23.6% FIB Retracement Level: $6.52

38% FIB Retracement Level: $9.68

62% FIB Retracement Level: $14.77

Ethereum

Ethereum fell by 1.25% on Friday. Partially reversing a 6.63% rally from Thursday, Ethereum ended the day at $384.64.

It was a mixed start to the day. Ethereum rose to an early morning intraday high $392.69 before hitting reverse.

Falling short of the first major resistance level at $401.53, Ethereum slid to a late afternoon intraday low $375.19.

EOS fell slid by 1.86% on Friday. Reversing a 0.96% gain from Thursday, EOS ended the day at $2.6891.

It was a mixed start to the day. EOS slipped […]

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