EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 07/01/20

By January 8, 2020 Ethereum
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EOS

EOS rallied by 6.32% on Monday. Following on from a 1.14% gain on Sunday, EOS ended the day at $2.8533.

A bullish start to the day saw EOS rally from an early morning intraday low $2.6830 to a late intraday high $2.8601.

Steering clear of the major support levels, EOS broke through the first major resistance level at $2.7612 and the second major resistance level at $2.8318.

At the time of writing, EOS was down by 0.11% to $2.8501. A bullish start to the day saw EOS strike an early morning high $2.8812 before sliding to a low $2.8397.

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

EOS would need to move back through the morning high $2.8812 to support another run at the first major resistance level at $2.9146.

Support from the broader market would be needed, however, for EOS to break through to $2.90 levels.

Barring an extended broad-based crypto rally, the first major resistance level at $2.9146 would likely limit any upside on the day.

Failure to move back through to $2.88 levels could see EOS fall deeper into the red. A fall through to sub-$2.83 would bring the first major support level at $2.7375 into play.

Barring a crypto meltdown, however, EOS should steer clear of sub-$2.70 levels.

Major Support Level: $2.7375

Major Resistance Level: $2.9146

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 6.56% on Monday. Following on from a 0.87% gain from Sunday, Ethereum ended the day at $144.19.

Bullish through the day, Ethereum rallied from an early morning intraday low $134.78 to a late intraday high $144.51.

Steering clear of the major support levels, Ethereum broke through the first major resistance level at $138.14 and second major resistance level at $140.97.

At the time of writing, Ethereum was down by 0.38% to $143.64. A mixed start to the day saw Ethereum rise to an early morning high $145.25 before falling to a low $143.25

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

Ethereum would need to break back through to $144 levels to support a run at the first major resistance level at $147.54.

Support from the broader market would be needed for Ethereum to break out from Monday’s high $144.51.

EOS rallied by 6.32% on Monday. Following on from a 1.14% gain on Sunday, EOS ended the day at $2.8533.

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

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