EOS<\/p>\n
EOS tumbled by 8.86% on Thursday. Reversing a 0.37% gain from Wednesday, EOS ended the day at $2.5193.<\/p>\n
A relatively bullish start to the day saw EOS rise to an early morning intraday high $2.7772 before hitting reverse.<\/p>\n
Falling well short of the first major resistance level at $2.7958, EOS tumbled to a late afternoon intraday low $2.4250.<\/p>\n
The reversal saw EOS fall through the major support levels before a move back through to $2.54 levels.<\/p>\n
In spite of the partial recovery, however, EOS failed to break back through the third major support level at $2.6039.<\/p>\n
A bearish end to the day left EOS back at sub-$2.52 levels.<\/p>\n
At the time of writing, EOS was down by 0.87% to $2.4973. A bearish start to the day saw EOS fall from an early morning high $2.5132 to a low $2.4891.<\/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 take bring the first major resistance level at $2.7227 into play.<\/p>\n
Support from the broader market would be needed, however, for EOS to break back through to $2.60 levels.<\/p>\n
Barring an extended crypto rally, resistance at $2.60 would likely leave EOS short of the first major resistance level at $2.7227.<\/p>\n
Failure to move through the $2.5740 pivot could see EOS struggle for another day.<\/p>\n
A fall back through Thursdays low $2.4250 would bring the first major support level at $2.3705 into play.<\/p>\n
Barring another crypto meltdown, however, EOS should steer well clear of the second major support level at $2.2216.<\/p>\n
Major Support Level: $2.3705<\/p>\n
Major Resistance Level: $2.7227<\/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 slid by 7.22% on Thursday. Reversing a 1.64% gain from Wednesday, Ethereum ended the day at $230.15.<\/p>\n
Tracking the broader market, Ethereum rose to an early morning intraday high $250.26 before hitting reverse.<\/p>\n
Falling short of the first major resistance level at $251.68, Ethereum slid to a late afternoon intraday low $225.2.<\/p>\n
The meltdown saw Ethereum fall through the days major support levels before finding support.<\/p>\n
Late in the day, Ethereum moved back through the third major support level at $230.04 to limit the downside.<\/p>\n
At the time of writing, Ethereum was down by 0.10% to $229.93. A bearish start to the day saw Ethereum fall from an early morning high $230.15 to a low $227.84.<\/p>\n
Ethereum left the major support and resistance levels untested early on.<\/p>\n
Story continues<\/p>\n
Ethereum would need to move through to $235 levels to support a run at the first major resistance level at $245.21.<\/p>\n
Support from the broader market would be needed, however, for Ethereum to break back through to $240 levels.<\/p>\n
Barring an extended crypto rally, the first major resistance level at $245.21 should cap any upside.<\/p>\n
Failure to move through to $235 levels could see Ethereum lose more ground.<\/p>\n
A fall through the morning low $227.84 would bring the first major support level at $220.15 into play.<\/p>\n
Barring another extended crypto sell-off, however, Ethereum should steer clear of sub-$220 and the second major support level at $210.14.<\/p>\n
Major Support Level: $220.15<\/p>\n
Major Resistance Level: $245.21<\/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 slid by 7.44% on Thursday. Reversing a 0.91% gain from Wednesday, Ripples XRP ended the day at $0.18808.<\/p>\n
A relatively bullish start to the day saw Ripples XRP rise to an early morning high $0.20388 before taking a hit.<\/p>\n
Falling short of the first major resistance level at $0.2047, Ripples XRP tumbled to a late afternoon intraday low $0.18401.<\/p>\n
Ripples XRP fell through the days major support levels before briefly recovering to $0.1920 levels.<\/p>\n
Coming up short of the third major support level at $0.1939, however, Ripples XRP fell back to sub-$0.19 levels.<\/p>\n
At the time of writing, Ripples XRP was up by 0.21% to $0.18848. A mixed start to the day saw Ripples XRP fall to an early morning low $0.18686 before striking a high $0.18860.<\/p>\n
Ripples XRP left the major support and resistance levels untested early on.<\/p>\n
Ripples XRP will need to move through to $0.1920 levels to support a run at the first major resistance level at $0.2000.<\/p>\n
Support from the broader market would be needed, however, for Ripples XRP to break back through to $0.1950 levels.<\/p>\n
Barring a broad-based crypto rally, resistance at $0.1950 would likely leave Ripples XRP short of the first major resistance level.<\/p>\n
Failure to move through the 0.1920 pivot could see Ripples XRP fall back into the red.<\/p>\n
A fall back through Thursdays low $0.18401 would bring the first major support level at $0.1801 into play.<\/p>\n
Barring another extended crypto sell-off, Ripples XRP should avoid the second major support level at $0.1721.<\/p>\n
Major Support Level: $0.1801<\/p>\n
Major Resistance Level: $0.2000<\/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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See the article here: <\/p>\n
EOS, Ethereum and Ripples XRP Daily Tech Analysis June 12th, 2020 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" EOS EOS tumbled by 8.86% on Thursday. Reversing a 0.37% gain from Wednesday, EOS ended the day at $2.5193 Continue reading