EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 05/02/20

By February 5, 2020 Ethereum
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EOS

EOS rose by 0.46% on Tuesday. Reversing a 0.41% fall from Monday, EOS ended the day at $4.2380.

A bullish start to the day saw EOS rise to an early morning high $4.2591 before hitting reverse.

Falling short of the major resistance levels, EOS fell back to a mid-day intraday low $4.0700.

EOS fell through the first major support level at $4.1017 before bouncing back to a late intraday high $4.2683.

Falling short of the first major resistance level at $4.3492, EOS eased back in the final hour to limit the upside on the day.

At the time of writing, EOS was down by 0.74% to $4.2065. A mixed start to the day saw EOS rise to an early morning high $2.2456 before sliding to a low $4.1728.

EOS would need to move back through the morning high $4.2456 to support a run at the first major resistance level at $4.3142.

Support from the broader market would be needed, however, for EOS to breakout from Tuesday’s high $4.2683.

Barring a broad-based crypto rally, resistance at $4.3000 would likely leave EOS short of the first major resistance level at $4.3142.

Failure to move back through the morning high could see EOS slide deeper into the red.

A fall back through to sub-$4.1920 levels would bring the first major support level at $4.1159 into play.

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

Major Support Level: $4.1159

Major Resistance Level: $4.3142

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 0.62% on Tuesday. Reversing a 0.64% gain from Monday, Ethereum ended the day at $188.24.

A bullish start to the day saw Ethereum rise to an early morning intraday high $191.37 before hitting reverse.

Falling short of the first major resistance level at $194.34, Ethereum slid to a mid-day intraday low $184.29.

Ethereum fell through the first major support level at $185.38 before recovering to $189 levels.

A 2nd pullback late in the day saw Ethereum test the first major support level again before wrapping up the day at $188 levels.

At the time of writing, Ethereum was up by 0.36% to $188.92. A mixed start to the day saw Ethereum rise to an early morning high $189.96 before falling to a low $186.89.

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

EOS rose by 0.46% on Tuesday. Reversing a 0.41% fall from Monday, EOS ended the day at $4.2380.

A bullish start to the day saw EOS rise to an […]

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