EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 28/01/20

By January 28, 2020 Ethereum
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EOS

EOS surged by 8.64% on Monday. Following on from a 4.43% rally on Sunday, EOS ended the day at $3.9650.

It was a particularly bullish day on Monday. EOS rallied from an early morning intraday low $3.6496 to a late afternoon intraday high $4.0600.

The rally saw EOS break through the first major resistance level at $3.7337 and second major resistance level at $3.8173.

Coming up against the third major resistance level at $4.0513, EOS slipped back to sub-$4.00 levels late in the day.

At the start of the day, EOS had steered well clear of the major support levels,

At the time of writing, EOS was up by 1.56% to $4.0268. A bullish start to the day saw EOS rise from an early morning low $3.9688 to a high $4.0268.

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

EOS would need to steer clear of sub-$4.00 levels to support a run at the first major resistance level at $4.1335.

Support from the broader market would be needed, however, for EOS to breakout from Monday’s high $4.0600.

Barring an extended crypto rally, resistance at $4.00 would likely pin EOS back from the first major resistance level at $4.1335.

Failure to hold onto $4.00 levels could see EOS hit reverse.

A fall back through to sub-$3.8915 levels would bring the first major support level at $3.7231 into play.

Barring another broad-based crypto sell-off, however, EOS should steer well clear of Monday’s low $3.6496.

Major Support Level: $3.7231

Major Resistance Level: $4.1335

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 1.31% on Monday. Following on from a 4.59% rally on Sunday, Ethereum ended the day at $169.77.

A mixed start to the day saw Ethereum strike an early morning high $169.33 before hitting reverse.

Falling short of the major resistance levels, Ethereum fell to a late morning intraday low $164.89.

Steering clear of the first major support level at $161.76, Ethereum rallied to a late intraday high $171.7.

Ethereum broke through the first major resistance level at $170.26 before a late pullback to sub-$170 levels.

At the time of writing, Ethereum was up by 0.98% to $171.43. A bullish start to the day saw Ethereum rise from an early morning low $169.78 to a high $171.54.

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

EOS surged by 8.64% on Monday. Following on from a 4.43% rally on Sunday, EOS ended the day at $3.9650.

It was a particularly bullish day on Monday. EOS […]

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