EOS, Ethereum and Ripples XRP – Daily Tech Analysis – 05/01/20

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EOS

EOS only rose 0.08% on Saturday. After a 7.43% rally on Friday, EOS ended the day at $ 2.6529.

A mixed start to the day caused EOS to drop to $ 2.6320 in the early morning before hitting a high of $ 2.6718 in the morning.

EOS dropped to an intraday low of $ 2.6299 in the late afternoon, lagging below the first major resistance level of $ 2.7414.

After the first major support level of $ 2.4996, EOS found late support to end the day in the country.

At the time of writing, EOS rose 1.55% to $ 2.6939. A bullish start to the day caused EOS to rise from a low of $ 2.6601 in the early morning to a high of $ 2.7154.

EOS broke the first major resistance level at $ 2.6732 and the second major resistance level at $ 2.6934 at the beginning.

For the next day

EOS would have to return to the $ 2.70 level to support another run at the third major resistance level of $ 2.7353.

However, support from the broader market would be needed for EOS to break the $ 2.7154 morning high.

Resistance at $ 2.70 would likely limit any upward trend of the day unless it's an extended, broad-based crypto rally.

Failure to start at $ 2.70 could result in a reversal strike from EOS. Falling back to major resistance levels would put $ 2.65 levels in play before a rebound.

Aside from a crypto meltdown, EOS should avoid values ​​below $ 2.60. The first key support level at $ 2.6313 and the second key support level at $ 2.6096 should limit all disadvantages.

Look at the technical indicators

Major support level: $ 2.6313

Main resistance level: $ 2.6732

23.6% FIB retracement level: $ 6.62

38% FIB retracement level: $ 9.76

62% FIB retracement level: $ 14.82

ether

Ethereum slipped 0.02% on Saturday. After a 5.80% rally on Friday, Ethereum ended the day at $ 134.14.

A bearish start to the day caused Ethereum to drop to a low of $ 132.5 during the day before finding support.

Ethereum broke from the first major support level at $ 128.15 and rose to an intraday high of $ 135.75 in the late afternoon.

Ethereum underperformed the first major resistance level at $ 137.56 and fell back to $ 132 before later finding support to close at $ 134.

At the time of writing, Ethereum rose 1.02% to $ 135.51. A bullish start to the day led to an Ethereum rally from an early morning low of $ 134.14 to a high of $ 135.90.

Ethereum broke the first major resistance level at $ 135.76 before easing.

For the next day

The Ethereum would have to return to the first major resistance level to support a run to $ 137.

Support from the broader market would be needed for Ethereum to break out of the $ 135.90 morning high.

Without a broad-based crypto rally, however, resistance at $ 135 would likely continue to limit the day's upward trend.

In the event of a longer rally, Ethereum could hit a level of $ 140 before retreating.

If you don't return through the first major level of resistance, Ethereum could hit backwards. A morning low below $ 134 would put the first key support at $ 132.51 into play.

Aside from a crypto sell-off, however, Ethereum should lag far behind sub-130 levels.

The second major resistance level at $ 130.88 should limit every downtrend in the day.

Look at the technical indicators

Major support level: $ 132.51

Main resistance level: $ 135.76

23.6% FIB retracement level: $ 257

38.2% FIB retracement level: $ 367

62% FIB retracement level: $ 543

Ripples XRP

Ripples XRP fell 0.26% on Saturday. After a 3.16% gain on Friday, Ripples XRP ended the day at $ 0.19352.

A mixed start to the day led Ripples XRP to hit an intraday high of $ 0.19464 early in the morning before hitting the opposite direction.

Ripple's XRP fell to a late afternoon intraday low of $ 0.19167 and remained below the first major resistance level of $ 0.1976.

Ripple's XRP prevailed against the first major support level of $ 0.1879 and found support late to limit the loss that day.

At the time of writing, Ripple's XRP rose 0.86% to $ 0.19519. After a bullish start to the day, Ripple's XRP rose from an early morning low of $ 0.19351 to a high of $ 0.19626.

Ripple's XRP broke the first major resistance level at $ 0.1949 and hit the second major resistance level at $ 0.1962.

For the next day

Ripple's XRP breaks through the second main resistance level and brings the third main resistance level into play at $ 0.1992.

Support from the broader market would, however, be needed for the $ 0.1960 ripple XRP to break out.

With the exception of a longer rally during the day, the second major resistance level would likely limit any upward movement.

If you don't move through the morning high of $ 0.19626, Ripples XRP could hit backwards.

A drop in the first major level of resistance below $ 0.1930 would put the first major level of support at $ 0.1919 into play.

However, subject to a crypto meltdown, Ripples XRP should remain below $ 0.19.

The second key support level at $ 0.1903 should limit the possible downside of the day.

Look at the technical indicators

Major support level: $ 0.1919

Main resistance level: $ 0.1949

23.6% FIB retracement level: $ 0.3638

38.2% FIB retracement level: $ 0.4800

62% FIB retracement level: $ 0.6678

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Thanks Bob

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