EOS
EOS fell by 0.06% on Sunday. Following on from a 2.04% slide on Saturday, EOS ended the week down by 6.59% to $2.5765.
Tracking the broader market, EOS fell to an early morning intraday low $2.5464 before finding support.
Steering clear of the major support levels, EOS rallied to a mid-morning intraday high $2.6031.
Falling short of the first major resistance level at $2.6256, EOS fell back to $2.55 levels before closing out at $2.57 levels.
At the time of writing, EOS was down by 0.49% to $2.5638. A bearish start to the day saw EOS fall from an early morning high $2.5773 to a low $2.5601.
EOS left the major support and resistance levels untested early on
For the day ahead
EOS would need to move through to $2.5740 levels to support a run at the first major resistance level at $2.6023.
Support from the broader market would be needed, however, for EOS to break through to $2.60 levels.
Barring a broad-based crypto rally, the first major resistance level and Sunday’s high $2.6031 would likely cap any upside.
Failure to move through to $2.5740 levels could see EOS slide deeper into the red. A fall through the morning low $2.5601 would bring the first major support level at $2.5456 into play.
Barring a crypto meltdown, however, EOS should steer clear of sub-$2.50 levels. The second major support level at $2.5176 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $2.5456
Major Resistance Level: $2.6023
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 0.47% on Sunday. Partially reversing a 2.05% slide from Saturday, Ethereum ended the week down by 5.51% to $142.38.
A choppy start to the day saw Ethereum fall to an early morning intraday low $139.8.
Ethereum fell through the first major support level at $140.22 before rebounding to a mid-morning intraday high $143.99.
Falling short of the first major resistance level at $144.14, Ethereum fell back to $141 levels before closing out at $142 levels.
At the time of writing, Ethereum was down by 0.98% to $140.98. A bearish start to the day saw Ethereum fall from an early morning high $142.53 to a low $140.58.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move back through to $142 levels to support a run at the first major resistance level at $144.31.
Support from the broader market would be needed for Ethereum to break out from the morning high $142.53.
Barring a broad-based crypto rebound, however, resistance at $144 would likely pin Ethereum back on the day.
Failure to move back through to $142 levels could see Ethereum struggle throughout the day.
A fall back through the morning low $140.58 would bring the first major support level at $140.12 and sub-$140 into play.
Barring a crypto meltdown, however, Ethereum should steer clear of the second major support level at $137.87.
Looking at the Technical Indicators
Major Support Level: $140.12
Major Resistance Level: $144.11
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP rose by 0.48% on Sunday. Partially reversing a 1.96% slide from Saturday, Ripple’s XRP ended the week down by 5.48% to $0.21834.
A mixed start to the day saw Ripple’s XRP rise from an early morning intraday low $0.21554 to a mid-morning intraday high $0.22039.
Steering clear of the major support levels, Ripple’s XRP broke through the first major resistance level at $0.2208.
Through the late morning, Ripple’s XRP fell back to sub-$0.21 levels and into the red before finding late support.
While closing out in the green, Ripple’s XRP failed to recover to $0.22 levels for a 2nd consecutive day.
At the time of writing, Ripple’s XRP was down by 1.61% to $0.21482. A particularly bearish morning saw Ripple’s XRP fall from an early morning high $0.21835 to a low $0.21330.
Steering clear of the major resistance levels, Ripple’s XRP fell through the first major support level at $0.2158.
The second major support level at $0.21320 limited the downside early on.
For the day ahead
A move back through to $0.2180 levels would support a run at the first major resistance level at $0.2206.
Support from the broader market would be needed for Ripple’s XRP to break out from Sunday’s high $0.22039.
Barring a broad-based crypto rebound, however, Ripple’s XRP would likely come up short of $0.22 levels on the day.
Failure to move back through to $0.2180 levels could see Ripple’s XRP lose more ground on the day.
A fall through the second major support level at $0.2132 could bring sub-$0.21 levels into play before any recovery.
Barring a crypto meltdown, however, Ripple’s XRP should steer clear of the third major support level at $0.2084.
Looking at the Technical Indicators
Major Support Level: $0.2158
Major Resistance Level: $0.2206
23.6% FIB Retracement Level: $0.3841
38.2% FIB Retracement Level: $0.4964
62% FIB Retracement Level: $0.6780
Please let us know what you think in the comments below.
Thanks, Bob
This article was originally posted on FX Empire
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