EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 03/02/20

By February 3, 2020 Ethereum
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EOS

EOS rose by 1.65% on Sunday. Following on from a 0.11% gain on Saturday, EOS ended the week up 15.8% to $4.2263.

A mixed start to the day saw EOS fall to an early morning intraday low $4.0500 before finding support.

EOS fell through the first major support level at $4.0730 before bouncing back to a mid-day intraday high $4.3458.

EOS broke through the first major resistance level at $4.2640 before sliding back to $4.22 levels.

Through the latter part of the day, EOS broke back through the first major resistance level before a late pullback.

At the time of writing, EOS was up by 1.23% to $4.2784. A mixed start to the day saw EOS fall to an early morning low $4.2000 before striking a high $4.3000.

EOS would need to move back through to $4.30 levels to support a run at the first major resistance level at $4.3647.

Support from the broader market would be needed, however, for EOS to break back through Sunday’s high $4.3458.

Barring an extended crypto rally, the first major resistance level, and Sunday’s high would likely limit in any upside.

Failure to move back through to $4.30 levels could see EOS fall back into the red.

A pullback through to sub-$4.2075 levels would bring the first major support level at $4.0689 into play.

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

Major Support Level: $4.0689

Major Resistance Level: $4.3647

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rallied by 2.62% on Sunday. Following on from a 2.10% gain on Saturday, Ethereum ended the week up 12.36% to $188.29.

Tracking the broader market, Ethereum fell to an early morning intraday low $178.98 before finding support.

Ethereum fell through the first major support level at $180.27 before rallying to a mid-afternoon intraday high $193.52.

Ethereum broke through the day’s major resistance levels before falling back through the third major resistance level at $192.63.

In spite of the late pullback, Ethereum held above the second major resistance level at $187.43.

At the time of writing, Ethereum was up by 1.65% to $191.39. A mixed start to the day saw Ethereum fall to an early morning low $187.00 before striking a high $191.91.

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

EOS rose by 1.65% on Sunday. Following on from a 0.11% gain on Saturday, EOS ended the week up 15.8% to $4.2263.

A mixed start to the day saw […]

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