EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 31/01/20

By January 31, 2020Ethereum
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EOS

EOS rallied by 9.06% on Thursday. Reversing a 2.17% slide from Wednesday, EOS ended the day at $4.3229.

A bearish start to the day saw EOS fall to an early morning intraday low $3.8932 before making a move.

EOS fell through the first major support level at $3.9049 before rallying to late intraday high $4.3918.

The rally saw EOS break through the major resistance levels of the day before easing back through the third major resistance level at $4.3573.

At the time of writing, EOS was up by 0.11% to $4.3276. Tracking the broader market, EOS rose to an early morning high $4.3696 before falling to a low $4.2843.

EOS would need to move Thursday’s high to $4.3918 levels to support a run at the first major resistance level at $4.5121.

Support from the broader market would be needed, however, for EOS to break out from the morning high $4.3696.

Barring an extended crypto rally, EOS would likely come up short of $4.5 levels and the first major resistance level.

Failure to move through Thursday’s high $4.3918 could see EOS return to the red.

A fall back through the early morning low $4.2843 to sub-$4.20 levels would bring the first major support level at $4.0135 into play.

Barring a broad-based crypto sell-off, however, EOS should steer well clear of sub-$4.00 levels.

Major Support Level: $4.0135

Major Resistance Level: $4.5121

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 6.42% on Thursday. Reversing a 1.40% fall from Wednesday, Ethereum ended the day at $184.55.

Tracking the broader market, Ethereum fell to an early morning intraday low $170.00 before making a move.

Ethereum fell through the first major support level at $171.62 before rallying to a late intraday high $186.89.

The rally saw Ethereum break through the major resistance levels of the day before a final hour pullback.

While falling back through the third major resistance level at $185.32, Ethereum wrapped up the day at $180 levels for the 1st time since November.

At the time of writing, Ethereum was down by 0.33% to $183.95. A mixed start to the day saw Ethereum rise to an early morning high $185.68 before falling to a low $183.00.

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

EOS rallied by 9.06% on Thursday. Reversing a 2.17% slide from Wednesday, EOS ended the day at $4.3229.

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

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