EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 14/01/20

By January 14, 2020 Ethereum
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EOS

EOS slid by 3.16% on Monday. Partially reversing a 7.57% rally from Sunday, EOS ended the day at $3.1070.

A bearish start to the day saw EOS slide from an early morning intraday high $3.2107 to a mid-morning intraday low $3.0651.

Falling well short of the first major resistance level at $3.3098, EOS came within range of the first major support level at $3.0253.

Finding support through the late morning, EOS recovered to $3.14 levels before sliding back to sub-$3.10 levels. A late in the day move back through to $3.10 levels reduced the deficit for the day.

At the time of writing, EOS was up by 2.77% to $3.1930. A bullish start to the day saw EOS rally from an early morning low $3.1054 to a high $3.2115.

Steering clear of the major support levels, EOS broke through the first major resistance level at $3.1901 early on.

EOS would need to move back through to $3.20 levels to support a run at the second major resistance level at $3.2732.

Support from the broader market would be needed, however, for EOS to breakout from the morning high $3.2115.

Barring an extended broad-based crypto rally, resistance at $3.20 would likely cap any upside on the day.

Failure to move back through to $3.20 levels could see EOS hit reverse.

A fall back through to sub-$3.13 levels would bring the first major support level at $3.0445 into play.

Barring a crypto meltdown, however, EOS should steer clear of sub-$3.00 levels and the second major support level at $2.9820.

Major Support Level: $3.0445

Major Resistance Level: $3.1901

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 2.07% on Monday. Partially reversing a 2.87% gain from Sunday, Ethereum ended the day at $143.51.

A particularly bearish start to the day saw Ethereum slide from an early morning intraday high $147 to a mid-morning intraday low $142.10.

Falling well short of the first major resistance level at $148.19, Ethereum fell through the first major support level at $143.42.

Steering clear of the second major support level at $140.24, Ethereum recovered to 2nd half of a day high $144.84 before easing back.

At the time of writing, Ethereum was up by 2.05% to $146.45. A particularly bullish start to the day saw Ethereum rally from an early morning low $143.45 to a high $147.27.

Steering well clear of the major support levels, Ethereum broke through the first major resistance level at $146.31.

EOS slid by 3.16% on Monday. Partially reversing a 7.57% rally from Sunday, EOS ended the day at $3.1070.

A bearish start to the day saw EOS slide from […]

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