EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 04/02/20

By February 4, 2020 Ethereum
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EOS

EOS fell by 0.41% on Monday. Partially reversing a 1.65% gain from Sunday, EOS ended the day at $4.2095.

A bullish start to the day saw EOS rally to an early morning intraday high $4.3811 before hitting reverse.

EOS broke through the first major resistance level at $4.3647 before sliding to a mid-afternoon intraday low $4.1336.

Steering clear of the first major resistance level at $4.0689, EOS recovered to $4.2 levels to limit the downside.

At the time of writing, EOS was down by 0.11% to $4.2047. A mixed start to the day saw EOS rise to an early morning high $4.2591 before falling to a low $4.2002.

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

EOS would need to move back through to $4.2420 levels to support a run at the first major resistance level at $4.3492.

Support from the broader market would be needed, however, for EOS to break back through to $4.30 levels

Barring an extended crypto rally, the first major resistance level and Monday’s high $4.3811 would likely limit in any upside.

Failure to move back through to $4.3000 levels could see EOS slide deeper into the red.

A fall back through the morning low $4.2002 would bring the first major support level at $4.1017 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: $4.1017

Major Resistance Level: $4.3492

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 0.64% on Monday. Following on from a 2.62% rally on Sunday, Ethereum ended the day at $189.42.

A bullish start to the day saw Ethereum rally to an early morning intraday high $195.21 before hitting reverse.

Ethereum broke through the first major resistance level at $194.88 before sliding to an afternoon intraday low $186.25.

Steering well clear of the first major support level at $180.34, Ethereum bounced back to $191 levels before a late pullback.

The pullback saw Ethereum fall back to S187 levels before a move back to $189 levels and into the green.

At the time of writing, Ethereum was up by 0.26% to $189.91. A mixed start to the day saw Ethereum rise to an early morning high $191.37 before falling to a low $189.00.

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

EOS fell by 0.41% on Monday. Partially reversing a 1.65% gain from Sunday, EOS ended the day at $4.2095.

A bullish start to the day saw EOS rally to […]

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