EOS

EOS slid by 7.10% on Tuesday. Following on from a 7.48% tumble on Monday, EOS ended the day at $2.2110.

Bearish through the day, EOS fell from an early morning intraday high $2.3804 to a late morning low $2.3289 before finding support.

Steering clear of the major support and resistance levels, EOS recovered to $2.36 levels before hitting reverse.

The reversal saw EOS slide through the first major support level at $2.2487 to a late intraday low $2.1624.

Finding late support, EOS moved back to $2.2 levels to cut the deficit on the day.

At the time of writing, EOS was up by 1.45% to $2.2430. A bullish start to the day saw EOS rise from an early morning low $2.2028 to a high $2.2547.

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

EOS would need to move back through to $2.25 levels to support a run at the first major resistance level at $2.3402.

Support from the broader market would be needed, however, for EOS to break out from $2.20 levels.

Barring a broad-based crypto rally, resistance at $2.3 levels would likely pin EOS back on the day.

Failure to move through to $2.25 levels could see EOS hit reverse. A fall through the morning low $2.2028 would bring the first major support level at $2.1222 into play.

Barring a crypto meltdown, however, EOS should steer clear of sub-$2.00 levels. The second major support level at $2.0333 should limit any downside on the day.

Major Support Level: $2.1222

Major Resistance Level: $2.3402

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum tumbled by 7.96% on Tuesday. Following on from a 7.04% slide on Monday, Ethereum ended the day at $121.83

Tracking the broader market, Ethereum slid from an early morning intraday high $132.66 to a late intraday low $119.5.

Steering clear of the major resistance levels, Ethereum fell through the first major support level at $126.75 and second major resistance level at $121.14.

Ethereums first visit to sub-$120 levels since February was brief, however, with Ethereum closing out the day at $121 levels.

The late move saw Ethereum break back through the second major support level before the day end.

At the time of writing, Ethereum was up by 2.74% to $125.17. A bullish start to the day saw Ethereum rise from an early morning low $121.20 to a high $125.45.

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

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Ethereum would need to steer clear of sub-$125 levels to support a run at the first major resistance level at $129.83.

Support from the broader market would be needed for Ethereum to break out from the morning high $125.45.

In the event of an extended rally on the day, Ethereum could revisit Tuesdays high $132.66 before any pullback.

Failure to steer clear of sub-$125 levels could see Ethereum slide for a 3rd consecutive day.

A fall through to sub-$124.70 levels would bring the first major support level at $116.67 into play.

Barring another crypto meltdown, however, Ethereum should steer clear of the second major support level at $111.50.

Major Support Level: $116.67

Major Resistance Level: $129.83

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripples XRP slumped by 10.76% on Tuesday. Following on from a 5.33% decline on Monday, Ripples XRP ended the day at $0.18426.

Another bearish start to the day saw Ripples XRP fall from an early intraday high $0.20675 to a mid-morning low $0.19020.

Steering clear of the major resistance levels, Ripples XRP fell through the first major support level at $0.2006 and second major support level at $0.1945.

Finding support in the late morning, Ripples XRP recovered to $0.20 levels before a getting hit by a late sell-off.

The late sell-off saw Ripples XRP slide through the major support levels to an intraday low and new swing lo $0.17854.

A partial recovery late on saw Ripples XRP break back through the third major support level at $0.1796.

At the time of writing, Ripples XRP was up by 1.54% to $0.18709. A bullish start to the day saw Ripples XRP rise from an early morning low $0.18253 to a high $0.18796.

Ripples XRP left the major support and resistance levels untested early on.

A move through to $0.1900 levels would support a run at the first major resistance level at $0.2012.

Support from the broader market would be needed for Ripples XRP to break out from the mornings high $0.18796.

Barring a broad-based crypto rebound, however, Ripples XRP would likely come up short of $0.20 levels on the day.

Failure to move back through to $0.1900 levels could see Ripples XRP hit reverse once more.

A fall through the morning low $0.18253 would bring the first major support level at $0.1730 into play.

Barring another crypto meltdown, however, Ripples XRP should steer clear of the second major support level at $0.1616.

Major Support Level: $0.1730

Major Resistance Level: $0.2012

23.6% FIB Retracement Level: $0.3701

38.2% FIB Retracement Level: $0.4851

62% FIB Retracement Level: $0.6710

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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EOS, Ethereum and Ripples XRP Daily Tech Analysis 18/12/19 - Yahoo Finance