EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 14/05/20

EOS

EOS rallied by 3.77% on Wednesday. Following on from a 1.60% gain on Tuesday, EOS ended the day at $2.5261.

A mixed start to the day saw EOS rise to an early morning high $2.4647 before hitting reverse.

Falling short of the first major resistance level at $2.4703, EOS slid to a late morning intraday low $2.4206.

Steering clear of the first major support level at $2.3996, EOS rallied to a late intraday high $2.5600.

EOS broke through the first major resistance level at $2.4703 and the second major resistance level at $2.5032.

In spite of a late pullback, EOS avoided a fall back through the second major resistance level.

At the time of writing, EOS was down by 0.08% to $2.5240. A mixed start to the day saw EOS rise to an early morning high $2.5320 before falling to a low $2.5167.

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

For the day ahead

EOS would need to move through to $2.55 levels to bring the first major resistance level at $2.5839 into play.

Support from the…