EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 26/01/20

By January 27, 2020Ethereum
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EOS

EOS slid by 3.68% on Saturday. Reversing a 1.76% rise from Friday, EOS ended the day at $3.4963.

A bearish start to the day saw EOS slide from an intraday high $3.6355 to an early morning low $3.4969.

Steering clear of the major support and resistance levels, EOS recovered to $3.62 levels by late morning before hitting reverse.

Falling short of the first major resistance level at $3.7734, EOS slid to a late intraday low $3.4903.

While steering clear of the first major support level at $3.4240, the reversal saw EOS slide deep into the red.

At the time of writing, EOS was up by 1.48% to $3.5480. A choppy start to the day saw EOS fall to an early morning low $3.4330 before striking a high $3.5627.

EOS would need to break back through to $3.56 levels to support a run at the first major resistance level at $3.5911.

Support from the broader market would be needed, however, for EOS to breakout from the morning high $3.5627.

Barring a broad-based crypto rally, the first major resistance level and Saturday’s high $3.6355 would likely cap any upside.

Failure to move through to $3.56 levels could see EOS hit reverse.

A fall back through to sub-$3.54 levels would bring the first major support level at $3.4459 into play.

Barring another broad-based crypto sell-off, however, EOS should steer clear of sub-$3.40 levels and the second major support level at $3.3955.

Major Support Level: $3.4459

Major Resistance Level: $3.5911

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 1.35% on Saturday. Following on from a 0.12% decline on Friday, Ethereum ended the day at $160.12.

A bearish start to the day saw Ethereum slide to an early morning intraday low $157.40 before finding support.

Steering clear of the first major support level at $156.56 Ethereum rallied to a late intraday high $162.41.

Falling short of the first major resistance level at $166.18, Ethereum fell back to close out the day in the red.

At the time of writing, Ethereum was up by 0.04% to $160.18. A choppy start to the day saw Ethereum fall to an early morning low $159.09 before striking a high $161.26.

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

EOS slid by 3.68% on Saturday. Reversing a 1.76% rise from Friday, EOS ended the day at $3.4963.

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

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