EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 30/01/20

By January 30, 2020Ethereum
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EOS

EOS slid by 2.17% on Wednesday. Reversing a 1.97% gain from Tuesday, EOS ended the day at $3.9639.

A bullish start to the day saw EOS strike a mid-morning intraday high $4.1278 before hitting reverse.

Falling short of the first major resistance level at $4.1586, EOS slid to a late intraday low $3.9573.

While steering clear of the first major support level at $3.9083, EOS failed to move back through to $4.00 levels.

At the time of writing, EOS was up by 0.86% to $3.9979. A mixed start to the day saw EOS fall to an early morning low $3.8932 before striking a high $4.0043.

EOS fell through the first major support level at $3.9049 early on.

EOS would need to move through to $4.0160 levels to support a run at the first major resistance level at $4.0754.

Support from the broader market would be needed, however, for EOS to break out from the morning high $4.0043.

Barring an extended crypto rally, the first major resistance level at $4.0754 would likely limit any upside.

Failure to move through to $4.0160 levels could see EOS hit reverse.

A fall back through the first major support level at $3.9049 would bring the second major support level at $3.8458 into play.

Barring a broad-based crypto sell-off, however, EOS should steer well clear of sub-$3.8 levels.

Major Support Level: $3.9049

Major Resistance Level: $4.0754

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 1.40% on Wednesday. Partially reversing a 3.66% rally from Tuesday, Ethereum ended the day at $173.45.

A bullish start to the day saw Ethereum rally to a mid-morning intraday high $178.31 before hitting reverse.

Ethereum came within range of the first major resistance level at $178.40 before sliding to a late intraday low $173.13.

In spite of the sell-0ff, Ethereum steered well clear of the first major support level at $171.68.

At the time of writing, Ethereum was down by 0.29% to $172.95. A mixed start to the day saw Ethereum fall from an early morning high $173.68 to a low $170.00.

Ethereum fell through the first major support level at $171.62 early on before finding support.

Ethereum would need to move through to $175 levels to support a run at the first major resistance level at $176.80.

EOS slid by 2.17% on Wednesday. Reversing a 1.97% gain from Tuesday, EOS ended the day at $3.9639.

A bullish start to the day saw EOS strike a mid-morning […]

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