EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 02/01/20

By January 2, 2020 Ethereum
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EOS

EOS rose by 0.60% on Wednesday. Partially reversing a 1.54% fall from Tuesday, EOS ended the day at $2.6058.

A bullish start to the day saw EOS rally from an early morning intraday low $2.5794 to a late morning intraday high $2.6476.

EOS broke through the first major resistance level at $2.6422 before easing back.

Through the 2nd half of the day, EOS struck a high $2.6420 before sliding to a low $2.5945. While the first major resistance level at $2.6422 limited the upside, late support led to the recovery to $2.60 levels.

At the time of writing, EOS was up by 0.15% to $2.6097. A relatively bullish start to the day saw EOS rise from an early morning low $2.6029 to a high $2.6097.

EOS would need to move through to $2.6110 levels to support a run at the first major resistance level at $2.6425.

Support from the broader market would be needed, however, for EOS to break back through the morning high $2.61 levels.

Barring an extended broad-based crypto rally, the first major resistance level and Wednesday’s high $2.6476 would likely limit any upside.

Failure to steer move through to $2.6110 levels would bring the first major support level at $2.5743 into play.

Barring a crypto meltdown, however, EOS should steer clear of the second major support level at $2.5427

Major Support Level: $2.5743

Major Resistance Level: $2.6425

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 1.28% on Wednesday. Partially reversing a 1.94% fall from Tuesday, Ethereum ended the day at $130.19.

A bullish start to the day saw Ethereum rally from an early morning intraday low $128.12 to a late afternoon intraday high $132.68.

Steering clear of the first major support level at $126.36, Ethereum broke through the first major resistance level at $131.95.

Falling well short of the second major resistance level at $135.37, Ethereum slid back to sub-$130 levels before wrapping up the day at $130.

At the time of writing, Ethereum was down by 0.06% to $130.11. A bearish start to the day saw Ethereum fall from an early morning high $130.18 to a low $129.67.

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

EOS rose by 0.60% on Wednesday. Partially reversing a 1.54% fall from Tuesday, EOS ended the day at $2.6058.

A bullish start to the day saw EOS rally from […]

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