EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 15/05/20

EOS

EOS rallied by 4.01% on Thursday. Following on from a 3.77% gain on Wednesday, EOS ended the day at $2.6261.

A choppy start to the day saw EOS fall to a mid-morning intraday low $2.4687 before finding support.

Steering clear of the first major support level at $2.4445, EOS rallied to a late intraday high $2.6519.

EOS broke through the first major resistance level at $2.5839 and the second major resistance level at $2.6416.

A pullback late in the day, however, saw EOS fall back through the second major resistance level.

At the time of writing, EOS was down by 2.22% to $2.5678. A bearish start to the day saw EOS slide from an early morning high $2.6351 to a low $2.5361.

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

For the day ahead

EOS would need to move through to $2.5820 levels to bring the first major resistance level at $2.6958 into play.

Support from the broader market would be needed, however, for EOS to break out from Thursday’s high $2.6519.

Barring a…