EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 21/01/20

By January 22, 2020 Ethereum
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EOS

EOS rose by 0.02% on Monday. Following a 4.82% slide from Sunday, EOS ended the day at $3.6135.

A bearish start to the day saw EOS fall to an early afternoon intraday low $3.4857 before making a move.

Steering clear of the first major support level at $3.4249, EOS rose to a late afternoon intraday high $3.7001.

EOS came up short of the first major resistance level at $3.8648 before easing back to sub-$3.7 levels.

At the time of writing, EOS was up by 0.11% to $3.6175. A mixed start to the day saw EOS fall to an early morning low $3.5980 before rising to a high $3.6215.

EOS would need to hold on to $3.60 levels to support a run at the first major resistance level at $3.7138.

Support from the broader market would be needed for EOS to breakout from Monday’s high $3.7001.

Barring a broad-based crypto rally, however, Monday’s high $3.7001 and first major resistance level would likely cap any upside.

Failure to hold onto $3.60 levels could see EOS hit reverse

A fall back through to sub-$3.60 levels would bring the first major support level at $3.4994 into play before any recovery.

Barring an extended sell-off, however, EOS should steer clear of sub-$3.40 levels and the second major support level at $3.3854.

Major Support Level: $3.4994

Major Resistance Level: $3.7138

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 0.04% on Monday. Following a 4.19% slide on Sunday, Ethereum ended the day at $166.68.

A bearish start to the day saw Ethereum fall from an early morning high $167.36 to an early afternoon intraday low $161.10.

Steering clear of the first major support level at $159.64, Ethereum bounced back to a late intraday high $169.30.

Falling short of the first major resistance level at $175.94, Ethereum eased back to $166 levels and into the red.

At the time of writing, Ethereum was down by 0.36% to $166.08. A bearish start to the day saw Ethereum fall from an early morning high $167.01 to a low $165.34.

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

Ethereum would need to move back through to $167 levels to support a run at the first major resistance level at $170.29.

EOS rose by 0.02% on Monday. Following a 4.82% slide from Sunday, EOS ended the day at $3.6135.

A bearish start to the day saw EOS fall to an […]

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