EOS, Ethereum and Ripples XRP Daily Tech Analysis June 14th, 2020 – Yahoo Finance

EOS

EOS rose by 0.36% on Saturday. Following on from a 3.38% gain on Friday, EOS ended the day at $2.6063.

A bearish start to the day saw EOS fall to an early morning intraday low $2.5549 before making a move.

Steering clear of the first major support level at $2.5182, EOS rallied to a late intraday high $2.6209 before easing back.

Falling short of the first major resistance level at $2.6490, EOS fell back to sub-$2.58 levels before wrapping up the day at $2.60 levels.

At the time of writing, EOS was down by 0.36% to $2.5970. A bearish start to the day saw EOS fall from an early morning high $2.6105 to a low $2.5944.

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

EOS would need to avoid sub-$2.5940 levels to take bring the first major resistance level at $2.6332 into play.

Support from the broader market would be needed, however, for EOS to break out from Saturdays high $2.6209.

Barring an extended crypto rally, the first major resistance level at $2.6332 would likely limit any upside.

Failure to avoid a fall through the $2.5940 pivot could see EOS struggle on the day.

A fall through the $2.5940 pivot would bring the first major support level at $2.5672 into play.

Barring an extended crypto sell-off, however, EOS should steer well clear of the second major support level at $2.5280.

Major Support Level: $2.5672

Major Resistance Level: $2.6332

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum rose by 0.25% on Saturday. Following on from a 3.21% rally on Friday, Ethereum ended the day at $238.17.

It was a choppy start to the day. Ethereum fell to a late morning intraday low $234.11 before finding support.

Steering clear of the first major support level at $234.4, Ethereum rallied to a late intraday high $238.8.

Falling short of the first major resistance level at $242.1, Ethereum fell back to sub-$236 levels before finding late support.

A late move back through to $238 levels delivered the upside on the day.

At the time of writing, Ethereum was down by 0.22% to $237.64. A bearish start to the day saw Ethereum fall from an early morning high $238.22 to a low $237.33.

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

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Ethereum would need to avoid sub-$237 levels to support a run at the first major resistance level at $239.94.

Support from the broader market would be needed, however, for Ethereum to break out from Saturdays high $238.8.

Barring an extended crypto rally, the first major resistance level at $239.94 should cap any upside.

Failure to avoid sub-$237 levels could see Ethereum take a hit on the day.

A fall through the $237 pivot would bring the first major support level at $235.25 into play.

Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$230 levels. The second major support level at $232.34 should limit any downside.

Major Support Level: $235.25

Major Resistance Level: $239.94

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripples XRP fell by 0.30% on Saturday. Following a 2.66% gain on Friday, Ripples XRP ended the day at $0.19246.

A bearish start to the day saw Ripples XRP fall to a late morning intraday low $0.19087 before making a move.

Steering clear of the first major support level at $0.1883, Ripples XRP rallied to an early afternoon intraday high $0.19385.

Coming up short of the first major resistance level at $0.1964, Ripples XRP fell back to a low $0.19183 before finding support.

In spite of the late support, Ripples XRP was unable to move back through to $0.1930 levels and into the green.

At the time of writing, Ripples XRP was down by 0.12% to $0.19222. A mixed start to the day saw Ripples XRP fall to an early morning low $0.19214 before rising to a high $0.19263.

Ripples XRP left the major support and resistance levels untested early on.

Ripples XRP will need to move through to $0.1924 levels to support a run at the first major resistance level at $0.1939.

Support from the broader market would be needed, however, for Ripples XRP to break out from Saturdays high $0.19385.

Barring a broad-based crypto rally, the first major resistance level and Saturdays high would likely cap any upside.

Failure to move through the $0.1924 pivot could see Ripples XRP spend a 2nd day in the red.

A fall through sub-$0.1920 levels would bring the first major support level at $0.1909 into play.

Barring another extended crypto sell-off, Ripples XRP should avoid the second major support level at $0.1894.

Major Support Level: $0.1909

Major Resistance Level: $0.1939

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

Please let us know what you think in the comments below.

Thanks, Bob

This article was originally posted on FX Empire

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EOS, Ethereum and Ripples XRP Daily Tech Analysis June 14th, 2020 - Yahoo Finance

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