EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 04/03/20

By March 4, 2020 Ethereum
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EOS

EOS fell by 2.28% on Monday. Partially reversing a 6.06% rally from Monday, EOS ended the day at $3.6405.

A bearish start to the day saw EOS fall from an early morning intraday high $3.7299 to a late morning low $3.6239.

Steering clear of the major support and resistance levels, EOS struck a mid-day high $3.2799 before hitting reverse.

The reversal saw EOS slide to a late afternoon intraday low $3.5678 before finding support.

Steering clear of the first major support level at $3.5606, EOS recovered to $3.60 levels to limit the loss on the day.

At the time of writing, EOS was up by 0.90% to $3.6734. A bullish start to the day saw EOS rise from an early morning low $3.6171 to a high $3.6845.

EOS would need to move back through the morning high $3.6845 to bring the first major resistance level at $3.7243 into play.

Support from the broader market would be needed, however, for EOS to break back through to $3.70 levels.

Barring a broad-based crypto rally, the first major resistance level and Tuesday’s high $3.2799 should limit any upside.

Failure to move back through the morning high could see EOS hit reverse.

A fall back through to sub-$3.6460 levels would bring the first major support level at $3.5622 into play.

Barring an extended crypto sell-off, however, EOS should steer clear of sub-$3.50 support levels.

Major Support Level: $3.5622

Major Resistance Level: $3.7243

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum slid by 3.61% on Tuesday. Partially reversing a 6.85% rally from Monday, Ethereum ended the day at $218.19.

A mixed start to the day saw Ethereum rise from a mid-morning low $226.15 to a mid-day intraday high- $232.92.

Falling short of the first major resistance level at $239.16, Ethereum slid to a late afternoon intraday low $220.00.

Finding support at the first major support level at $220.41, Ethereum recovered to $225 levels before easing back.

At the time of writing, Ethereum was up by 1.84% to $227.86. A bullish start to the day saw Ethereum rise from an early morning low $221.87 to a high $228.83.

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

EOS fell by 2.28% on Monday. Partially reversing a 6.06% rally from Monday, EOS ended the day at $3.6405.

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

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