EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 24/03/20

EOS

EOS rallied by 7.50% on Monday. Reversing a 6.31% slide from Sunday, EOS ended the day at $2.2962.

A mixed start to the day saw EOS slide to an early morning intraday low $2.0632 before making a move.

Steering clear of the first major support level at $2.0243, EOS rallied to an early afternoon intraday high $2.3550.

EOS broke through the first major resistance level at $2.3209 before sliding back to $2.20 levels.

Steering clear of sub-$2.20 levels, EOS found support to visit $2.30 levels before wrapping up the day at $2.29 levels.

The first major resistance level at $2.3209 limited the upside late in the day.

At the time of writing, EOS was up by 0.91% to $2.3170. A mixed start to the day saw EOS fall to an early morning low $2.2821 before striking a high $2.3450.

EOS left the major support and resistance levels untested early on.

For the day ahead

EOS would need to move through the morning high $2.3450 to bring the first major resistance level at $2.4131 into play.

Support from the broader market would be needed, however, for EOS to break out from Monday’s high $2.3550.

Barring another extended rally, the first major resistance level at $2.4131 would likely limit any upside.

Failure to move through the morning high $2.3450 could see EOS hit reverse.

A fall back through to sub-$2.2400 levels would bring the first major support level at $2.1213 back into play.

Barring another crypto meltdown, however, EOS should steer well clear of $2.00 support levels.

Looking at the Technical Indicators

Major Support Level: $2.1213

Major Resistance Level: $2.4131

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 12.01% on Monday. Reversing a 7.81% slide from Sunday, Ethereum ended the day at $137.0.

A mixed start to the day saw Ethereum fall to an early morning intraday low $119.20 before making a move.

Steering clear of the first major support level at $116.42, Ethereum rallied to an early afternoon intraday high…

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