Topic: EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis (Read 149 times)

It’s a bullish start to the day. Avoiding the day’s pivot levels would support a run at the major resistance levels.

EOS
EOS rose by 0.69% on Wednesday. Following Tuesday’s 7.30% slide, EOS ended the day at $3.0255.
It was a bearish start to the day. EOS fell to a mid-morning intraday low $2.8823 before making a move.

Steering clear of the first major support level at $2.8177, EOS rose to an early afternoon intraday high $3.0551.

Falling short of the first major resistance level at $3.2480, EOS fell back to sub-$3.00 levels before finding late support.

The late move back through to $3.00 levels delivered the upside for the day.

At the time of writing, EOS was up by 0.13% to $3.0296. A mixed start to the day saw EOS fall to an early morning low $3.0148 before rising to a high $3.0331

EOS left the major support and resistance levels untested early on. EOS rose by 0.69% on Wednesday. Following Tuesday’s 7.30% slide, EOS ended the day at $3.0255.

It was a bearish start to the day. EOS fell to a mid-morning intraday low $2.8823 before making a move.

Steering clear of the first major support level at $2.8177, EOS rose to an early afternoon intraday high $3.0551.

Falling short of the first major resistance level at $3.2480, EOS fell back to sub-$3.00 levels before finding late support.

The late move back through to $3.00 levels delivered the upside for the day.

At the time of writing, EOS was up by 0.13% to $3.0296. A mixed start to the day saw EOS fall to an early morning low $3.0148 before rising to a high $3.0331

Ethereum
Ethereum rose by 2.20% on Wednesday. Partially reversing a 4.27% slide from Tuesday, Ethereum ended the day at $387.27.

A bearish start to the day saw Ethereum fall to a mid-morning intraday low $365.19 before finding support.

While steering clear of the first major support level at $363.00, Ethereum fell through the 38.2% FIB of $367.00.

Finding support through the rest of the day, Ethereum rallied to a late intraday high $389.57.

Falling short of the first major resistance level at $396.53, Ethereum eased back to limit the upside on the day.

At the time of writing, Ethereum was up by 0.30% to $388.42. A mixed start to the day saw Ethereum fall to an early morning low $386.55 before rising to a high $388.52.

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

Ripple’s XRP
Ripple’s XRP fell by 0.21% on Wednesday. Following on from Tuesday’s 4.02% slide, Ripple’s XRP ended the day at $0.28233.

Tracking the broader market, Ripple’s XRP fell a mid-morning intraday low $0.27205 before making a move.

Steering clear of the first major support level at $0.2647, Ripple’s XRP rose to a late morning intraday high $0.28755.

Falling well short the first major resistance level at $0.3043, Ripple’s XRP fell back to sub-$0.28 levels before finding late support.

In spite of the late recovery, however, Ripple’s XRP failed to move back into the green.

At the time of writing, Ripple’s XRP was up by 0.24% to $0.2830. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.28167 before rising to a high $0.28305.

Ripple’s XRP left the major support and resistance levels untested early on.

Full article here: https://www.fxempire.com/forecasts/article/eos-ethereum-and-ripples-xrp-daily-tech-analysis-august-13th-2020-666424