EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 10/05/20

By May 10, 2020Ethereum
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EOS

EOS rose by 0.03% on Saturday. Following a 0.64% decline on Friday, EOS ended the day at $2.7514.

A bearish start to the day saw EOS fall to an early morning intraday low $2.7328 before making a move.

Steering clear of the first major support level at $2.6918, EOS recovered to $2.81 levels before falling back to $2.73 levels.

Finding support in the afternoon, however, EOS rallied to a late afternoon intraday high $2.8343.

EOS broke through the first major resistance level at $2.8165 before sliding back to $2.75 levels late in the day.

At the time of writing, EOS was down by 10.39% to $2.4655. An early morning sell-off saw EOS fall from a high $2.7506 to a low $2.2606.

Steering clear of the major resistance levels, EOS fell through the major support levels at the start of the day.

EOS would need to move back through major support levels to $2.77 levels to bring the first major resistance level at $2.8129 into play.

Support from the broader market would be needed, however, for EOS to break out from the first major support level at $2.7114.

Barring a broad-based crypto rebound, the first major support level at $2.7114 would likely pin EOS back.

Failure to move back through to $2.77 levels would see EOS remain in the deep red.

A fall through the morning low $2.2606 would bring sub-$2.20 levels into play.

Barring an extended crypto sell-off, however, EOS should avoid a fall back through the morning low.

Major Support Level: $2.7114

Major Resistance Level: $2.8129

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum fell by 0.78% on Saturday. Following on from a 0.43% decline on Friday, Ethereum ended the day at $210.00.

It was also a mixed start to the day. Ethereum fell to an early low $209.25 before striking an early morning intraday high $214.79.

Falling short of the first major resistance level at $216.66, Ethereum fell to a late morning intraday low $208.27.

Steering clear of the major support level at $206.86, Ethereum recovered to $214 levels before easing back.

At the time of writing, Ethereum was down by 9.95% to $189.11. A particularly bearish start to the day saw Ethereum fall from an early morning high $210.06 to a low $180.01.

Steering clear of the major resistance levels, Ethereum fell through the major support levels at the start of the day.

EOS rose by 0.03% on Saturday. Following a 0.64% decline on Friday, EOS ended the day at $2.7514.

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

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