EOS<\/p>\n
EOS fell by 1.00% on Monday. Reversing a 0.55% gain from Sunday, EOS ended the day at $2.7834.<\/p>\n
It was bearish through most of the day. EOS fell from an early morning intraday high $2.8181 to a late afternoon intraday low $2.7542.<\/p>\n
Falling short of the major resistance levels, EOS found support at the first major support level at $2.7537.<\/p>\n
EOS managed to recover to $2.78 levels in the final hour, however, to limit the downside on the day.<\/p>\n
At the time of writing, EOS was up by 0.47% to $2.7965. A bullish start to the day saw EOS rise from an early morning low $2.7924 to a high $2.8028.<\/p>\n
EOS left the major support and resistance levels untested early on.<\/p>\n
EOS would need to avoid sub-$2.7850 levels to take a run at the first major resistance level at $2.8163 into play.<\/p>\n
Support from the broader market would be needed, however, for EOS to break back through to $2.81 levels.<\/p>\n
Barring an extended crypto rally, the first major resistance level at $2.8163 and Monday high $2.8181 would likely cap any upside.<\/p>\n
Failure to avoid sub-$2.7850 levels could see EOS struggle on the day once more.<\/p>\n
A fall through the $2.7850 pivot would bring the first major support level at $2.7524 into play.<\/p>\n
Barring a crypto meltdown, however, EOS should steer clear of sub-$2.70 levels. The second major support level at $2.7213 should limit any downside.<\/p>\n
Major Support Level: $2.7524<\/p>\n
Major Resistance Level: $2.8163<\/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 0.72% on Monday. Following on from a 1.20% gain on Sunday, Ethereum ended the day at $246.55.<\/p>\n
It was a mixed start to the day. Ethereum rose to an early morning high $245.5 before hitting reverse.<\/p>\n
Coming up short of the first major resistance level at $248.68, Ethereum fell to an early afternoon intraday low $240.82.<\/p>\n
Finding late support, however, Ethereum rallied to a final hour intraday high $247.97 before wrapping up the day at $246 levels. In spite of the late rally, Ethereum came up short of the first major resistance level at $248.68.<\/p>\n
At the time of writing, Ethereum was up by 0.93% to $248.85. A bullish start to the day saw Ethereum rise from an early morning low $246.55 to a high $249.99 before easing back.<\/p>\n
Ethereum tested the first major resistance level at $249.41 early on.<\/p>\n
Story continues<\/p>\n
Ethereum would need to avoid sub-$245.10 levels to support another run at the first major resistance level at $249.41.<\/p>\n
Support from the broader market would be needed, however, for Ethereum to break back through to $249 levels.<\/p>\n
Barring an extended crypto rally, the first major resistance level and resistance at $250 should cap any upside.<\/p>\n
Failure to avoid sub-$245.10 levels could see Ethereum see give up Mondays gain.<\/p>\n
A fall back through the morning low $246.5 to sub-$245.10 levels would bring the first major support level at $242.26 into play.<\/p>\n
Barring an extended crypto sell-off, however, Ethereum should continue to steer clear sub-$240 levels on the day.<\/p>\n
The second major support level sits at $237.96.<\/p>\n
Major Support Level: $242.26<\/p>\n
Major Resistance Level: $249.41<\/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 0.44% on Monday. Reversing a 0.05% decline from Sunday, Ripples XRP ended the day at $0.20433.<\/p>\n
It was a mixed start to the day. Ripples XRP rose to an early morning high $0.20375 before hitting reverse.<\/p>\n
Falling short of the major resistance levels, Ripples XRP fell to a late morning intraday low $0.20137.<\/p>\n
Steering clear of the first major support level at $0.1993, Ripples XRP rallied to a final hour intraday high $0.20472. In spite of the late rally, Ripples XRP failed to test the first major resistance level at $0.2062.<\/p>\n
At the time of writing, Ripples XRP was up by 0.21% to $0.20475. A bullish start to the day saw Ripples XRP rise from an early morning low $0.20422 to a high $0.20541.<\/p>\n
Ripples XRP left the major support and resistance levels untested early on.<\/p>\n
Ripples XRP will need to avoid sub-$0.2035 levels to support a run at the first major resistance level at $0.2056.<\/p>\n
Support from the broader market would be needed, however, for Ripples XRP to break out from the morning high $0.20541.<\/p>\n
Barring a broad-based crypto rally, the first major resistance level would likely cap any upside.<\/p>\n
Failure to avoid sub-$0.2035 levels could see Ripples XRP return to the red.<\/p>\n
A fall back through the morning low $0.20422 to sub-$0.2035 levels would bring the first major support level at $0.2022 into play.<\/p>\n
Barring an extended crypto sell-off, Ripples XRP should avoid sub-$0.20 levels on the day. The second major support level at $0.2001 should limit any downside.<\/p>\n
Major Support Level: $0.2022<\/p>\n
Major Resistance Level: $0.2056<\/p>\n
23.6% FIB Retracement Level: $0.3638<\/p>\n
38.2% FIB Retracement Level: $0.4800<\/p>\n
62% FIB Retracement Level: $0.6678<\/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 June 9th, 2020 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" EOS EOS fell by 1.00% on Monday. Continue reading