EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 04/01/20

By January 4, 2020 Ethereum
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EOS

EOS rallied by 7.43% on Friday. Reversing a 5.37% slide from Thursday, EOS ended the day at $2.6508.

A bearish start to the day saw EOS fall to an early morning intraday low $2.4389 before making a move.

Steering clear of the first major support level at $2.3973, EOS rallied to a late afternoon intraday high $2.6807.

EOS broke through the first major resistance level at $2.5754 before easing back. The second major resistance level at $2.6830 limited the upside on the day.

At the time of writing, EOS was down by 0.32% to $2.6423. A bearish start to the day saw EOS fall from an early morning high $2.6572 to a low $2.6320.

EOS would need to move through to Friday’s high $2.6807 to support a run at the first major resistance level at $2.7414.

Support from the broader market would be needed, however, for EOS to break through the morning high $2.6572 levels.

Barring an extended broad-based crypto rally, the first major resistance level would likely limit any upside on the day.

Failure to move through to $2.68 levels could see EOS slide deeper into the red. A fall back through to sub-$2.60 levels would bring the first major support level at $2.4996 into play.

Barring a crypto meltdown, however, EOS should steer well clear of the second major support level at $2.3483.

Major Support Level: $2.4996

Major Resistance Level: $2.7414

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 5.80% on Friday. Reversing a 2.56% fall from Thursday, Ethereum ended the day at $134.17.

A bearish start to the day saw Ethereum fall to an early morning intraday low $125.52 before finding support.

Steering clear of the first major support level at $125.03, Ethereum rallied to a late afternoon intraday high $134.93.

Ethereum broke through the first major resistance level at $129.38 and the second major resistance level at $131.96.

Falling short of the third major resistance level at $136.31, Ethereum fell back to $131 levels before a final-hour rally.

The final hour rally saw Ethereum break back through the second major resistance level to wrap up the day at $134 levels.

At the time of writing, Ethereum was down by 0.84% to $133.04. A bearish start to the day saw Ethereum fall from an early morning high $134.73 to a low $132.59.

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

EOS rallied by 7.43% on Friday. Reversing a 5.37% slide from Thursday, EOS ended the day at $2.6508.

A bearish start to the day saw EOS fall to an […]

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