EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 01/03/20

By March 7, 2020Ethereum
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EOS

EOS slipped by 0.21% on Saturday. Following on from a 2.56% fall on Friday, EOS ended the month down by 15.30% to $3.5233.

A bullish start to the day saw EOS rise to a mid-morning intraday high $3.6687 before hitting reverse.

Falling short of the first major resistance level at $3.6888, EOS fell to an early afternoon intraday low $3.5165.

Steering clear of the first major support level at $3.3611, EOS recovered to $3.62 levels before a late fall back into the red.

At the time of writing, EOS was up by 2.4% to $3.6079. A mixed start to the day saw EOS fall to an early morning low $3.5083 before striking a high $3.6334.

Steering clear of the major support levels, EOS broke through the first major resistance level at $3.6222 early on.

EOS would need to break back through the first major resistance level at $3.6222 to bring $3.7 levels into play.

Support from the broader market would be needed, however, for EOS to break out from Saturday’s high $3.6687.

Barring a broad-based crypto rally, the first major resistance level would likely leave EOS short of $3.70 levels once more.

Failure to move back through the first major resistance level could see EOS fall back into the red.

A fall back through to sub-$3.57 levels would bring the first major support level at $3.4709 into play.

Barring an extended crypto sell-off, however, EOS should continue to steer clear of sub-$3.30 levels.

The second major support level at $3.4185 should limit any downside.

Major Support Level: $3.4709

Major Resistance Level: $3.6222

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum slid by 4.32% on Saturday. Following on from a 0.10% decline on Friday, Ethereum ended the month up by 20.92% to $217.31.

A bullish start to the day saw Ethereum strike a mid-morning intraday high $233.32 before hitting reverse.

Falling short of the first major resistance level at $236.97, Ethereum slid to a final hour intraday low $216.83.

The reversal saw Ethereum fall through the first major support level at $215.7 before finding support.

At the time of writing, Ethereum was up by 2.52% to $222.78. A mixed start to the day saw Ethereum fall to an early morning low $215.99 before striking a high $225.78.

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

EOS slipped by 0.21% on Saturday. Following on from a 2.56% fall on Friday, EOS ended the month down by 15.30% to $3.5233.

A bullish start to the day […]

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