For the day ahead<\/p>\n
Ethereum would need to move through to $145.90 levels to support a run at the first major resistance level at $147.90.<\/p>\n
Support from the broader market would be needed, however, for Ethereum to break out from the morning high $146.29.<\/p>\n
Barring a broad-based crypto rebound, resistance at $147 would likely limit any upside on the day.<\/p>\n
Failure to move through to $145.90 levels could see Ethereum take another hit.<\/p>\n
A fall through the morning low $144.98 would bring the first major support level at $143.49 into play.<\/p>\n
Barring a crypto meltdown, however, Ethereum should steer clear of the second major support level at $141.45.<\/p>\n
Major Support Level: $143.49<\/p>\n
Major Resistance Level: $147.90<\/p>\n
23.6% FIB Retracement Level: $257<\/p>\n
38.2% FIB Retracement Level: $367<\/p>\n
62% FIB Retracement Level: $543<\/p>\n
MATIC tumbled by 49.52% on Tuesday. Following on from a 17.38% slide on Monday, MATIC ended the day at $0.017246.<\/p>\n
It was a particularly bearish start to the day. MATIC slid from an early morning intraday high $0.034856 to an early morning intraday low and swing lo $0.011187.<\/p>\n
The meltdown saw MATIC slide through the days major support levels before finding support.<\/p>\n
A move back through to $0.02 levels by mid-morning was short-lived, however, with MATIC wrapping up the day at sub-$0.02 levels.<\/p>\n
Tuesdays sell-off led to the formation of a near-term bearish trend formed at 9th Decembers swing hi $0.042821<\/p>\n
At the time of writing, MATIC was up by 2.82% to $0.017733. A mixed start to the day saw MATIC rise from an early morning low $0.016876 to a high $0.018541 before easing back.<\/p>\n
Steering clear of the major support and resistance levels, MATIC came up against the 23.6% FIB of $0.0186 before falling back.<\/p>\n
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EOS, Ethereum and MATIC Daily Tech Analysis 11\/12\/19 - FX Empire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" For the day ahead Ethereum would need to move through to $145.90 levels to support a run at the first major resistance level at $147.90. Continue reading