EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 10/03/20

By March 10, 2020 Ethereum
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EOS

EOS rose by 0.36% on Monday. Following a 16.25% tumble on Sunday, EOS ended the day at $3.0713.

A relatively bullish start to the day saw EOS rise to a late morning intraday high $3.1802 before hitting reverse.

Falling short of the first major resistance level at $3.4709, EOS slid to a mid-afternoon intraday low $2.8601.

Steering clear of the first major support level at $2.8167, EOS found support late on to close out the day in the green.

At the time of writing, EOS was up by 0.69% to $3.0925. A mixed start to the day saw EOS fall to an early morning low $3.0498 before striking a high $3.0987.

EOS would need to move back through to $3.10 levels to bring the first major resistance level at $3.2143 into play.

Support from the broader market would be needed, however, for EOS to break out from Monday’s high $3.1802.

Barring a broad-based crypto rally, resistance at $3.20 levels would likely leave EOS short of the first major resistance level.

Failure to move back through to $3.10 levels could see EOS fall back into the red.

A fall back through to sub-$3.05 levels would bring the first major support level at $2.8942 into play.

Barring an extended crypto sell-off, however, EOS should steer clear of sub-$2.80 levels.

Major Support Level: $2.8942

Major Resistance Level: $3.2143

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 1.63% on Monday. Following a 16.11% tumble on Sunday, Ethereum ended the day at $202.77.

A mixed start to the day saw Ethereum rise to a late morning intraday high $208.65 before hitting reverse.

Falling short of the first major resistance level at $226.14, Ethereum fell to a mid-afternoon intraday low $189.85.

Steering clear of the first major support level at $184.39, Ethereum bounced back to $202 levels and into the green for the day.

At the time of writing, Ethereum was up by 0.64% to $204.06. A mixed start to the day saw Ethereum fall to an early morning low $200.77 before striking a high $204.08.

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

Ethereum would need to move back through to $210 levels to support a run at the first major resistance level at $211.00.

EOS rose by 0.36% on Monday. Following a 16.25% tumble on Sunday, EOS ended the day at $3.0713.

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

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