EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 19/01/20

By January 19, 2020 Ethereum
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EOS

EOS slid by 2.32% on Saturday. Reversing a 1.52% gain from Friday, EOS ended the day at $3.7979.

A choppy start to the day saw EOS rise to an early morning intraday high $3.9976 before hitting reverse.

Falling short of the first major resistance level at $4.0611, EOS fell to a mid-morning intraday low $3.7000.

The reversal saw EOS fall through the first major support level at $3.7322 before bouncing back to an afternoon high $3.9667.

A 2nd pullback, however, saw EOS slide back to sub-$3.80 levels to close out the day in the red.

At the time of writing, EOS was down by 0.06% to $3.7955. A mixed start to the day saw EOS fall to an early morning low $3.7626 before striking a high $3.8247.

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

For the day ahead

EOS would need to move back through to $3.83 levels to support a run at the first major resistance level at $3.9637.

Support from the broader market would be needed for EOS to break back through the morning high $3.8247

Barring a broad-based crypto rally, however, Saturday’s high $3.9976 and first major resistance level would likely cap any upside.

Failure to move back through to $3.83 levels could see EOS fall deeper into the red.

A fall back through the morning low $3.7626 would bring the first major support level at $3.6661 into play before any recovery.

Barring an extended sell-off, however, EOS should steer clear of the second major support level at $3.5342.

Looking at the Technical Indicators

Major Support Level: $3.6661

Major Resistance Level: $3.9637

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 2.67% on Saturday. Following on from a 3.41% rally on Friday, Ethereum ended the day at $174.06.

A bearish start to the day saw Ethereum fall to a mid-morning intraday low $164.92 before finding support.

EOS slid by 2.32% on Saturday. Reversing a 1.52% gain from Friday, EOS ended the day at $3.7979.

A choppy start to the day saw EOS rise to an […]

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