EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 15/01/20

By January 15, 2020Ethereum
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EOS

EOS rallied by 22.09% on Tuesday. Reversing a 3.16% slide from Monday with interest, EOS ended the day at $3.7923.

A particularly bullish day saw EOS rally from an early morning intraday low $3.1054 to an afternoon intraday high $4.0596.

EOS broke through the major resistance levels to visit $4.00 levels for the 1st time since late September.

In spite of a late pullback to sub-$4.00 levels, EOS held above the third major resistance level at $3.4188 through to the day end.

At the time of writing, EOS was down by 0.27% to $3.7821. A mixed start to the day saw EOS fall to an early morning low $3.7300 before striking a high $3.9400.

EOS left the major support and resistance untested before falling back into the red.

EOS would need to move back through the morning high $3.9400 to support a run at the first major resistance level at $4.1995.

Support from the broader market would be needed, however, for EOS to breakout from Tuesday’s high $4.0596.

Barring another broad-based crypto rally, the first major resistance at $4.1995 would likely cap any upside on the day.

Failure to move back through the morning highs could see EOS fall deeper into the red.

A fall back through the morning low to sub-$3.65 levels would bring the first major support level at $3.2453 into play.

Barring a crypto meltdown, however, EOS should steer clear of Tuesday’s low $3.1054.

Major Support Level: $3.2453

Major Resistance Level: $4.1995

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 15.51% on Tuesday. Reversing a 2.07% fall from Monday, Ethereum ended the day at $165.76.

Bullish through the day, Ethereum rallied from an early morning intraday low $143.45 to a late afternoon intraday high $170.83.

Ethereum broke through the major resistance levels to hit $170 levels for the 1st time since September.

In spite of a late pullback to $160 levels, Ethereum held above the third major resistance level at $154.00.

At the time of writing, Ethereum was down by 1.62% to $163.08. A mixed start to the day saw Ethereum rise to an early morning high $172.18 before falling to a low $162.60.

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

EOS rallied by 22.09% on Tuesday. Reversing a 3.16% slide from Monday with interest, EOS ended the day at $3.7923.

A particularly bullish day saw EOS rally from an […]

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