EOS<\/p>\n
EOS slid by 7.48% on Monday. Following on from a 6.59% slide from last week, EOS ended the day at $2.3809.<\/p>\n
Tracking the broader market, EOS fell from an early morning intraday high $2.5773 to a mid-morning low $2.5257.<\/p>\n
Steering clear of the major resistance levels, EOS fell through the first major support level at $2.5456.<\/p>\n
Finding support through the late morning, EOS recovered to $2.57 levels before hitting reverse.<\/p>\n
The reversal saw EOS fall through the major support levels to a late intraday low $2.2816.<\/p>\n
While finding late support, EOS failed to break back through the third major support level at $2.4609.<\/p>\n
At the time of writing, EOS was down by 1.22% to $2.3519. A bearish start to the day saw EOS fall from an early morning high $2.3804 to a low $2.3412.<\/p>\n
EOS left the major support and resistance levels untested early on.<\/p>\n
EOS would need to move through to $2.4150 levels to support a run at the first major resistance level at $2.5444.<\/p>\n
Support from the broader market would be needed, however, for EOS to break out from $2.40 levels.<\/p>\n
Barring a broad-based crypto rally, resistance at $2.5000 would likely pin EOS back on the day.<\/p>\n
Failure to move through to $2.4150 levels could see EOS slide deeper into the red. A fall through the morning low $2.3412 would bring the first major support level at $2.2487 into play.<\/p>\n
Barring a crypto meltdown, however, EOS should steer clear of the second major support level at S2.1173.<\/p>\n
Major Support Level: $2.2487<\/p>\n
Major Resistance Level: $2.5444<\/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 tumbled by 7.04% on Monday. Following on from last weeks 5.51% fall, Ethereum ended the day at $132.36<\/p>\n
A bearish start to the day saw Ethereum fall from an early intraday high $142.53 to a mid-morning low $140.11.<\/p>\n
Finding support at the first major support level at $140.12, Ethereum recovered to $141.9 levels before the meltdown.<\/p>\n
The meltdown saw Ethereum slide through the major support levels to a late intraday low $129.03.<\/p>\n
While finding support late on, Ethereum failed to break back through the third major support level at $133.68.<\/p>\n
At the time of writing, Ethereum was down by 0.65% to $131.50. A mixed start to the day saw Ethereum rise to an early morning high $132.66 before falling to a low $130.67.<\/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 $135 levels to support a run at the first major resistance level at $140.25.<\/p>\n
Support from the broader market would be needed for Ethereum to break back through to $140 levels.<\/p>\n
Barring a broad-based crypto rebound, however, the first major resistance level at $140.25 would likely limit any upside.<\/p>\n
Failure to move back through to $135 levels could see Ethereum struggle throughout the day.<\/p>\n
A fall back through the morning low $130.67 would bring the first major support level at $126.75 into play.<\/p>\n
Barring another crypto meltdown, however, Ethereum should steer clear of the second major support level at $121.14.<\/p>\n
Major Support Level: $126.75<\/p>\n
Major Resistance Level: $140.25<\/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 fell by 5.33% on Monday. Following on from last weeks 5.48% decline, Ripples XRP ended the day at $0.20670.<\/p>\n
A bearish start to the day saw Ripples XRP fall through the first major support level at $0.2158 to a late morning low $0.2117.<\/p>\n
Finding support in the late morning, Ripples XRP recovered to $0.2150 levels before succumbing to market forces.<\/p>\n
Ripples XRP tumbled through the days major support levels to an intraday low $0.20336 before steadying.<\/p>\n
At the time of writing, Ripples XRP was down by 3.24% to $0.20001. A particularly bearish morning saw Ripples XRP fall from an early morning high $0.20675 to a new swing lo $0.19020.<\/p>\n
Steering clear of the major resistance levels, Ripples XRP fell through the first major support level at $0.2006 and the second major support level at $0.1945.<\/p>\n
A move back through to $0.2095 levels would support a run at the first major resistance level at $0.2156.<\/p>\n
Support from the broader market would be needed for Ripples XRP to break out from the first major support level at $0.2006.<\/p>\n
Barring a broad-based crypto rebound, however, Ripples XRP would likely come up short of $0.21 levels on the day.<\/p>\n
Failure to move back through to $0.2095 levels could see Ripples XRP lose more ground on the day.<\/p>\n
A fall through the second major support level at $0.1945 could bring sub-$0.19 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 $0.1795.<\/p>\n
Major Support Level: $0.2006<\/p>\n
Major Resistance Level: $0.2156<\/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 17\/12\/19 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" EOS EOS slid by 7.48% on Monday. Continue reading