EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 13/04/20

EOS

EOS fell by 0.28% on Sunday. Partially reversing a 0.65% gain from Saturday, EOS ended the week up by 6.23% to $2.5029.

A bearish start to the day saw EOS fall to an early morning intraday low $2.4582 before making a move.

Steering clear of the first major support level at $2.4443, EOS rallied to a late afternoon intraday high $2.5962.

EOS broke through the first major resistance level at $2.5647 before sliding back late in the day.

At the time of writing, EOS was down by 3.60% to $2.4129. A bearish start to the day saw EOS fall from an early morning high $2.5021 to a low $2.3314.

EOS fell through the first major support level at $2.4420 and the second major support level at $2.3811 before finding support.

For the day ahead

EOS would need to move through the first major support level to $2.52 levels to support a run at the first major resistance level at $2.5800.

Support from the broader market would be needed, however, for EOS to break back through to $2.50 levels.

Barring a broad-based crypto rebound, resistance at $2.50 would likely leave EOS short of the first major resistance level.

Failure to move through to $2.52 levels could see EOS fall deeper into the red.

A fall back through the second major support level at $2.3811 would bring the third major support level at $2.2431 into play.

Barring an extended crypto sell-off, however, EOS should steer clear of sub-$2.30 levels.

Looking at the Technical Indicators

Major Support Level: $2.4420

Major Resistance Level: $2.5800

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by just 0.12% on Sunday. Following on from a 0.28% gain on Saturday, Ethereum ended the week up by 11.26% at $158.87.

A bearish start to the day saw Ethereum fall to an early morning intraday low $155.31 before finding support.

Steering clear of the first major support level at $154.67, Ethereum rallied to a late afternoon intraday high $165.45.

Ethereum broke through the first major…

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