EOS<\/p>\n
EOS fell by 0.06% on Sunday. Following on from a 2.04% slide on Saturday, EOS ended the week down by 6.59% to $2.5765.<\/p>\n
Tracking the broader market, EOS fell to an early morning intraday low $2.5464 before finding support.<\/p>\n
Steering clear of the major support levels, EOS rallied to a mid-morning intraday high $2.6031.<\/p>\n
Falling short of the first major resistance level at $2.6256, EOS fell back to $2.55 levels before closing out at $2.57 levels.<\/p>\n
At the time of writing, EOS was down by 0.49% to $2.5638. A bearish start to the day saw EOS fall from an early morning high $2.5773 to a low $2.5601.<\/p>\n
EOS left the major support and resistance levels untested early on<\/p>\n
EOS would need to move through to $2.5740 levels to support a run at the first major resistance level at $2.6023.<\/p>\n
Support from the broader market would be needed, however, for EOS to break through to $2.60 levels.<\/p>\n
Barring a broad-based crypto rally, the first major resistance level and Sundays high $2.6031 would likely cap any upside.<\/p>\n
Failure to move through to $2.5740 levels could see EOS slide deeper into the red. A fall through the morning low $2.5601 would bring the first major support level at $2.5456 into play.<\/p>\n
Barring a crypto meltdown, however, EOS should steer clear of sub-$2.50 levels. The second major support level at $2.5176 should limit any downside.<\/p>\n
Major Support Level: $2.5456<\/p>\n
Major Resistance Level: $2.6023<\/p>\n
23.6% FIB Retracement Level: $6.62<\/p>\n
38% FIB Retracement Level: $9.76<\/p>\n
62% FIB Retracement Level: $14.82<\/p>\n
Ethereum rose by 0.47% on Sunday. Partially reversing a 2.05% slide from Saturday, Ethereum ended the week down by 5.51% to $142.38.<\/p>\n
A choppy start to the day saw Ethereum fall to an early morning intraday low $139.8.<\/p>\n
Ethereum fell through the first major support level at $140.22 before rebounding to a mid-morning intraday high $143.99.<\/p>\n
Falling short of the first major resistance level at $144.14, Ethereum fell back to $141 levels before closing out at $142 levels.<\/p>\n
At the time of writing, Ethereum was down by 0.98% to $140.98. A bearish start to the day saw Ethereum fall from an early morning high $142.53 to a low $140.58.<\/p>\n
Ethereum left the major support and resistance levels untested early on.<\/p>\n
Story continues<\/p>\n
Ethereum would need to move back through to $142 levels to support a run at the first major resistance level at $144.31.<\/p>\n
Support from the broader market would be needed for Ethereum to break out from the morning high $142.53.<\/p>\n
Barring a broad-based crypto rebound, however, resistance at $144 would likely pin Ethereum back on the day.<\/p>\n
Failure to move back through to $142 levels could see Ethereum struggle throughout the day.<\/p>\n
A fall back through the morning low $140.58 would bring the first major support level at $140.12 and sub-$140 into play.<\/p>\n
Barring a crypto meltdown, however, Ethereum should steer clear of the second major support level at $137.87.<\/p>\n
Major Support Level: $140.12<\/p>\n
Major Resistance Level: $144.11<\/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
Ripples XRP rose by 0.48% on Sunday. Partially reversing a 1.96% slide from Saturday, Ripples XRP ended the week down by 5.48% to $0.21834.<\/p>\n
A mixed start to the day saw Ripples XRP rise from an early morning intraday low $0.21554 to a mid-morning intraday high $0.22039.<\/p>\n
Steering clear of the major support levels, Ripples XRP broke through the first major resistance level at $0.2208.<\/p>\n
Through the late morning, Ripples XRP fell back to sub-$0.21 levels and into the red before finding late support.<\/p>\n
While closing out in the green, Ripples XRP failed to recover to $0.22 levels for a 2nd consecutive day.<\/p>\n
At the time of writing, Ripples XRP was down by 1.61% to $0.21482. A particularly bearish morning saw Ripples XRP fall from an early morning high $0.21835 to a low $0.21330.<\/p>\n
Steering clear of the major resistance levels, Ripples XRP fell through the first major support level at $0.2158.<\/p>\n
The second major support level at $0.21320 limited the downside early on.<\/p>\n
A move back through to $0.2180 levels would support a run at the first major resistance level at $0.2206.<\/p>\n
Support from the broader market would be needed for Ripples XRP to break out from Sundays high $0.22039.<\/p>\n
Barring a broad-based crypto rebound, however, Ripples XRP would likely come up short of $0.22 levels on the day.<\/p>\n
Failure to move back through to $0.2180 levels could see Ripples XRP lose more ground on the day.<\/p>\n
A fall through the second major support level at $0.2132 could bring sub-$0.21 levels into play before any recovery.<\/p>\n
Barring a crypto meltdown, however, Ripples XRP should steer clear of the third major support level at $0.2084.<\/p>\n
Major Support Level: $0.2158<\/p>\n
Major Resistance Level: $0.2206<\/p>\n
23.6% FIB Retracement Level: $0.3841<\/p>\n
38.2% FIB Retracement Level: $0.4964<\/p>\n
62% FIB Retracement Level: $0.6780<\/p>\n
Please let us know what you think in the comments below.<\/p>\n
Thanks, Bob<\/p>\n
This article was originally posted on FX Empire<\/p>\n
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EOS, Ethereum and Ripples XRP Daily Tech Analysis 16\/12\/19 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" EOS EOS fell by 0.06% on Sunday. Continue reading