EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 13/01/20

By January 13, 2020Ethereum
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EOS

EOS rallied by 7.57% on Sunday. Following on from a 0.34% gain from Saturday, EOS ended the week up by 19.8% to $3.2150.

Bullish throughout the day, EOS rallied from an early morning intraday low $2.9305 to a late intraday high $3.2150.

Steering clear of the major support levels, EOS broke through the first major resistance level at $3.1024. The second major resistance level at $3.2104 capped the upside on the day.

At the time of writing, EOS was down by 2.67 % to $3.1292. A bearish start to the day saw EOS fall from an early morning high $3.2107 to a low $3.1282.

EOS would need to steer clear of sub-$3.1200 levels to support a run at the first major resistance level at $3.3098.

Support from the broader market would be needed, however, for EOS to breakout from the morning high $3.2107.

Barring a broad-based crypto rebound, the first major resistance level would likely limit any upside.

Failure to steer clear of sub-$3.1200 levels could see EOS fall deeper into the red.

A fall through to sub-$3.1000 levels would bring the first major support level at $3.0253 into play.

Barring a crypto meltdown, however, EOS should steer clear of sub-$3.00 levels and the second major support level at $2.8357.

Major Support Level: $3.0253

Major Resistance Level: $3.3098

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 2.87% on Sunday. Reversing a 1.56% fall from Saturday, Ethereum ended the week up 8.34% to $146.6.

Relatively bullish throughout the day, Ethereum rose from an early morning intraday low $141.83 to a late intraday high $146.6.

Steering clear of the major support levels, Ethereum broke through the first major resistance level at $146.42 at the day end.

At the time of writing, Ethereum was down by 1.05% to $145.06. A mixed start to the day saw Ethereum rise to an early morning high $147.00 before falling to a low $144.78.

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

Ethereum would need to hold onto $145 levels to support a run at the first major resistance level at $148.19.

Support from the broader market would be needed for Ethereum to break through the morning high $147.00.

EOS rallied by 7.57% on Sunday. Following on from a 0.34% gain from Saturday, EOS ended the week up by 19.8% to $3.2150.

Bullish throughout the day, EOS rallied […]

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