RATE Group | EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 20/05/20
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EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 20/05/20

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

Posted at 10:42h in Cryptocurrency News by

EOS

EOS slipped by 0.28% on Tuesday. Partially reversing a 1.73% gain from Monday, EOS ended the day at $2.6516.

A bearish start to the day saw EOS fall to an early morning intraday low $2.5705 before finding support.

EOS fell through the first major resistance level at $2.5924 before striking a late morning intraday high $2.6633.

Falling short of the first major resistance level at $2.7437, EOS fell back to an afternoon low $2.6037 and into the red.

Finding late support, EOS recovered to $2.65 levels to limit the loss on the day.

At the time of writing, EOS was down by 0.04% to 2.6505. A mixed start to the day saw EOS fall to an early morning low $2.6440 before striking a high $2.6563.

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

For the day ahead

EOS would need to move through to $2.66 levels to bring the first major resistance level at $2.6864 into play.

Support from the broader market would be needed, however, for EOS to break out from Tuesday’s high $2.6633.

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