EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 10/01/20

By January 10, 2020Ethereum
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EOS

EOS fell by 0.96% on Thursday. Following on from a 2.72% slide on Wednesday, EOS ended the day at $2.7459.

A mixed start to the day saw EOS rise to an early morning intraday high $2.7956 before hitting reverse.

Falling well short of the first major resistance level at $2.9358, EOS slid to a late afternoon intraday low $2.6943.

Steering clear of the first major support level at $2.6606, EOS found support to move back to $2.7 levels to limit the loss on the day.

At the time of writing, EOS was down by 0.18% to $2.7409. A mixed start to the day saw EOS rise to an early morning high $2.7572 before falling to a low $2.7349.

EOS would need to move back through to $2.7450 levels to support a run at the first major resistance level at $2.7962.

Support from the broader market would be needed, however, for EOS to breakout from Thursday’s high $2.7956.

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

Failure to move through to $2.7450 levels could see EOS fall deeper into the red. A fall through the morning low to $2.72 levels would bring the first major support level at $2.6949 into play.

Barring a crypto meltdown, however, EOS should steer clear of the second major support level at $2.6440.

Major Support Level: $2.6949

Major Resistance Level: $2.7962

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum slid by 2.08% on Thursday. Following on from a 1.73% decline on Wednesday, Ethereum ended the day at $137.71.

Tracking the broader market, Ethereum rose to an early morning intraday high $141.38 before hitting reverse.

Falling short of the first major resistance level at $146.72, Ethereum slid to a late afternoon intraday low $135.12.

The reversal saw Ethereum fall through the first major support level at $135.75 before finding support.

A late move back through to $139 levels was brief, however, with Ethereum wrapping up the day at $137 levels.

At the time of writing, Ethereum was down by 0.62% to $136.84. A mixed start to the day saw Ethereum rise to an early morning high $137.91 before falling to a low $136.82.

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

EOS fell by 0.96% on Thursday. Following on from a 2.72% slide on Wednesday, EOS ended the day at $2.7459.

A mixed start to the day saw EOS rise […]

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