EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – August 19th, 2020

[syedrasool2011]

It’s a particularly bearish start to the day for the majors. Failure to move through the first major support and day’s pivot levels would deliver heavier losses.


EOS slid by 5.35% on Tuesday. Following on from a 2.60% decline on Monday, EOS ended the day at $3.5778.

It was a bullish start to the day. EOS rose to an early morning intraday high $3.8280 before hitting reverse.

Falling short of the first major resistance level at $3.9174, EOS slid to an early afternoon intraday low $3.4582.

EOS fell through the first major support level at $3.6473 and the second major support level at $3.5153.

Finding support through the afternoon, EOS briefly revisited $3.68 levels before falling back through the first major support level.

At the time of writing, EOS was down by 4.95% to $3.4008. A mixed start to the day saw EOS rise to an early morning high $3.6295 before falling to a low $3.3424.

EOS fell through the first major support level at $3.4097 early on.

More Details click here: https://responsive.fxempire.com/cover/615x410/webp-lossy-70.q50/_fxempire_/2020/08/Cryptos-on-Computer.jpg