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

By January 25, 2020 Ethereum
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EOS

EOS slid by 4.82% on Sunday. Following on from a 2.32% fall on Saturday, EOS ended the week up 12.55% at $3.6111.

A bullish start to the day saw EOS rise to an early morning intraday high $3.9324 before falling to a late intraday low $3.4207.

Falling short of the first major resistance level at $3.9637, EOS fell through the first major support level at $3.6661 and second major support level at $3.5342.

Finding support late in the day, EOS broke back through the second major support level to reduce the deficit on the day.

At the time of writing, EOS was down by 0.33% to $3.5993. A mixed start to the day saw EOS rise to an early morning high $3.6290 before falling to a low $3.5650.

EOS would need to break through to $3.68 levels to support a run at the first major resistance level at $3.8648.

Support from the broader market would be needed for EOS to move back through to $3.60 levels.

Barring a broad-based crypto rally, however, Sunday’s high $3.9324 and first major resistance level would likely cap any upside.

Failure to move back through to $3.68 levels could see EOS fall deeper into the red.

A fall back through to sub-$3.50 levels would bring the first major support level at $3.4249 into play before any recovery.

Barring an extended sell-off, however, EOS should steer clear of sub-$3.40 levels the second major support level at $3.2388.

Major Support Level: $3.4249

Major Resistance Level: $3.8648

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum slid by 4.19% on Sunday. Reversing a 2.67% fall from Saturday, Ethereum ended the week up by 13.78% to $166.76.

A bullish start to the day saw Ethereum rise to an early morning intraday high $178.00 before hitting reverse.

Falling short of the first major resistance level at $180.61, Ethereum slid to an early afternoon intraday low $161.70.

Ethereum fell through the first major support level at $166.21 before finding support.

Through the second half of the day, Ethereum moved back through the first major support level to $167 levels before easing back. In spite of the pullback, Ethereum held above the first major support level at the day end.

At the time of writing, Ethereum was down by 0.56% to $165.87. A mixed start to the day saw Ethereum rise to an early morning high $167.36 before falling to a low $165.37.

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

EOS slid by 4.82% on Sunday. Following on from a 2.32% fall on Saturday, EOS ended the week up 12.55% at $3.6111.

A bullish start to the day saw […]

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