EOS<\/p>\n
EOS rose by 1.94% on Thursday. Reversing a 0.67% fall from Wednesday, EOS ended the day at $3.8367.<\/p>\n
A bearish start to the day saw EOS slide from an early high $3.7961 to an early morning intraday low $3.5216.<\/p>\n
EOS fell through the first major support level at $3.5756 before rallying to a late afternoon intraday high $3.9485.<\/p>\n
Coming up against the first major resistance level at $3.9469, EOS slipped back to $3.8 levels to limit the upside on the day.<\/p>\n
At the time of writing, EOS was down by 1.49% to $3.7797. A bearish start to the day saw EOS fall from an early morning high $3.8463 to a low $3.7536.<\/p>\n
EOS left the major support and resistance levels untested early on.<\/p>\n
EOS would need to move back through to $3.80 levels to support a run at the first major resistance level at $4.0163.<\/p>\n
Support from the broader market would be needed for EOS to breakout from Thursdays high $3.9485.<\/p>\n
Barring a broad-based crypto rebound, however, EOS would likely come up short of $3.90 levels on the day.<\/p>\n
In the event of a rebound, Thursdays high $3.9485 and first major resistance level would likely cap any upside.<\/p>\n
Failure to move back through to $3.80 levels would see EOS struggle throughout the day.<\/p>\n
A fall back through the morning low $3.7536 would bring the first major support level at $3.5894 into play before any recovery.<\/p>\n
Barring an extended sell-off, however, EOS should steer clear of the second major support level at $3.3420.<\/p>\n
Major Support Level: $3.5894<\/p>\n
Major Resistance Level: $4.0163<\/p>\n
23.6% FIB Retracement Level: $6.62<\/p>\n
38% FIB Retracement Level: $9.76<\/p>\n
62% FIB Retracement Level: $14.82<\/p>\n
Ethereum fell by 1.41% on Thursday. Reversing a 0.33% gain from Wednesday, Ethereum ended the day at $163.93.<\/p>\n
Tracking the broader market, Ethereum fell from an early morning intraday high $167.28 to an early intraday low $158.17.<\/p>\n
Steering clear of the major resistance levels, Ethereum fell through the first major support level at $159.55.<\/p>\n
Finding support through the day, Ethereum recovered to $165 levels before sliding back into the red.<\/p>\n
At the time of writing, Ethereum was down by 0.39% to $163.29. A mixed start to the day saw Ethereum strike an early morning high $164.87 before falling to a low $162.01.<\/p>\n
Ethereum left the major support and resistance levels untested early on.<\/p>\n
Story continues<\/p>\n
Ethereum would need to move back through to $164 levels to support a run at the first major resistance level at $168.08.<\/p>\n
Support from the broader market would be needed for Ethereum to breakthrough Thursdays high $167.28.<\/p>\n
Barring a broad-based crypto rebound, however, resistance at $167 would likely cap any upside.<\/p>\n
Failure to move back through to $164 levels could see Ethereum spend the day in the red.<\/p>\n
A fall back through the morning low $162.01 would bring the first major support level at $158.97 into play.<\/p>\n
Barring an extended crypto sell-off, however, Ethereum should steer of sub-$158 levels on the day.<\/p>\n
Major Support Level: $158.97<\/p>\n
Major Resistance Level: $168.08<\/p>\n
23.6% FIB Retracement Level: $257<\/p>\n
38.2% FIB Retracement Level: $367<\/p>\n
62% FIB Retracement Level: $543<\/p>\n
Ripples XRP fell by 1.99% on Thursday. Following on from a 0.06% decline on Wednesday, Ripples XRP ended the day at $0.22888.<\/p>\n
A bearish start to the day saw Ripples XRP slide from an intraday high $0.23492 to an early morning intraday low $0.22120.<\/p>\n
Steering clear of the major resistance levels, Ripples XRP fell through the first major support level at $0.2251.<\/p>\n
Finding support through the remainder of the day, Ripples XRP recovered to $0.23 levels before easing back into the deep red.<\/p>\n
At the time of writing, Ripples XRP was down by 0.63% to $0.22744. A mixed start to the day saw Ripples XRP rise to an early morning high $0.22937 before falling to a low $0.22633.<\/p>\n
Ripples XRP left the major support and resistance levels untested early on.<\/p>\n
Ripples XRP will need to move back through to $0.2285 levels to support a run at the first major resistance level at $0.2355.<\/p>\n
Support from the broader market would be needed, however, for Ripples XRP to break back through to $0.23 levels.<\/p>\n
Barring a broad-based crypto rebound, resistance at $0.23 would likely leave Ripples XRP short of the first major resistance level at $0.2355.<\/p>\n
In the event of a rebound, the first major resistance level and Thursdays high $0.23492 would likely cap any upside.<\/p>\n
Failure to move back through to $0.2285 levels could see Ripples XRP fall further back.<\/p>\n
A fall back through the morning low $0.22633 would bring the first major support level at $0.2217 into play.<\/p>\n
Barring a crypto meltdown, however, Ripples XRP should steer of the second major support level at $0.2146.<\/p>\n
Major Support Level: $0.2217<\/p>\n
Major Resistance Level: $0.2355<\/p>\n
23.6% FIB Retracement Level: $0.3638<\/p>\n
38.2% FIB Retracement Level: $0.4800<\/p>\n
62% FIB Retracement Level: $0.6678<\/p>\n
Please let us know what you think in the comments below.<\/p>\n
Thanks, Bob<\/p>\n
This article was originally posted on FX Empire<\/p>\n
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Link:<\/p>\n
EOS, Ethereum and Ripples XRP Daily Tech Analysis 17\/01\/20 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" EOS EOS rose by 1.94% on Thursday. Reversing a 0.67% fall from Wednesday, EOS ended the day at $3.8367 Continue reading