EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 27/01/20

By January 27, 2020 Ethereum
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EOS

EOS rallied by 4.43% on Sunday. Reversing a 3.68% slide from Saturday, EOS ended the week up by 1.04% to $3.6500.

A bearish start to the day saw EOS slide to an intraday low $3.4330 before making a move.

EOS fell through the first major support level at $3.4459, before rallying to a late intraday high $3.6670.

Moving back through the first major support level, EOS also broke through the first major resistance level at $3.5911.

At the time of writing, EOS was up by 2.28% to $3.7334. A bullish start to the day saw EOS rise from an early morning low $3.6496 to a high $3.7526.

Steering clear of the major support levels, EOS broke through the first major resistance level at $3.7337.

EOS would need to break back through the first major resistance level to support a run at the second major resistance level at $3.8173.

Support from the broader market would be needed, however, for EOS to break back through the morning high $3.7526.

Barring an extended crypto rally, the first major resistance level would likely pin EOS back from $3.8 levels.

Failure to move back through the first major resistance level could see EOS hit reverse.

A fall back through to sub-$3.60 levels would bring the first major support level at $3.4997 into play.

Barring another broad-based crypto sell-off, however, EOS should steer clear of sub-$3.50 levels on the day.

Major Support Level: $3.4997

Major Resistance Level: $3.7337

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 4.59% on Sunday. Reversing a 1.35% fall from Saturday, Ethereum ended the week up by 0.36% to $167.35.

A bearish start to the day saw Ethereum slide to an early morning intraday low $159.09 before finding support.

Steering clear of the first major support level at $157.56 Ethereum rallied to a late intraday high $167.59.

Ethereum broke through the first major resistance level at $162.51 and the second major resistance level at $164.91.

At the time of writing, Ethereum was up by 0.44% to $168.09. A bullish start to the day saw Ethereum rise from an early morning low $167.5 to a high $169.33.

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

EOS rallied by 4.43% on Sunday. Reversing a 3.68% slide from Saturday, EOS ended the week up by 1.04% to $3.6500.

A bearish start to the day saw EOS […]

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