EOS<\/p>\n
EOS fell by 0.67% on Wednesday. Following a 22.09% rally from Tuesday, EOS ended the day at $3.7647.<\/p>\n
A mixed start to the day saw EOS strike an early morning intraday high $3.9400 before hitting reverse.<\/p>\n
Falling short of the first major resistance level at $4.1995, EOS fell to a mid-morning intraday low $3.5687.<\/p>\n
Steering clear of the first major support level at $3.2453, EOS recovered to $3.8 levels before falling back to $3.6 levels.<\/p>\n
Finding support late, however, EOS moved back through to $3.7 levels to limit the loss on the day.<\/p>\n
At the time of writing, EOS was down by 4.79% to $3.5845. A bearish start to the day saw EOS fall from an early morning high $3.7961 to a low $3.5216.<\/p>\n
Steering clear of the major resistance levels, EOS fell through the first major support level at $3.5756.<\/p>\n
EOS would need to move back through to $3.76 levels to support a run at the first major resistance level at $3.9469.<\/p>\n
Support from the broader market would be needed for EOS to move back through this mornings high $3.7961.<\/p>\n
Barring another broad-based crypto rebound, however, EOS would likely come up short of the morning high.<\/p>\n
In the event of a rebound, Wednesdays high $3.94 and first major resistance level would likely cap any upside.<\/p>\n
Failure to move back through to $3.76 levels would see EOS struggle throughout the day.<\/p>\n
A fall back through the first major support level at $3.5756 would bring sub-$3.5 levels into play before any recovery.<\/p>\n
Barring an extended sell-off, however, EOS should steer clear of the second major support level at $3.3865.<\/p>\n
Major Support Level: $3.5756<\/p>\n
Major Resistance Level: $3.9469<\/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 rose by 0.33% on Wednesday. Following on from a 15.51% rally on Tuesday, Ethereum ended the day at $166.29.<\/p>\n
A mixed start to the day saw Ethereum strike an early morning intraday high $172.18 before hitting reverse. Falling short of the first major resistance level at $176.56, Ethereum fell to a mid-morning intraday low $159.13.<\/p>\n
Steering clear of the first major resistance level at $149.20, Ethereum recovered to $168 levels before a fall back to an afternoon low $160.35.<\/p>\n
Finding late support, however, Ethereum moved back through to $166 levels and into the green.<\/p>\n
At the time of writing, Ethereum was down by 3.37% to $160.68. A bearish start to the day saw Ethereum slide from an early morning high $167.28 to a 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
Story continues<\/p>\n
Ethereum would need to move back through to $166 levels to support a run at the first major resistance level at $172.60.<\/p>\n
Support from the broader market would be needed for Ethereum to break through the morning high $167.28.<\/p>\n
Barring a broad-based crypto rebound, however, resistance at $170 would likely cap any upside.<\/p>\n
Failure to move back through to $166 levels could see Ethereum spend the day in the red.<\/p>\n
A fall back through the first major support level at $159.55 would bring the second major support level at $152.82 into play.<\/p>\n
Barring an extended crypto sell-off, however, Ethereum should avoid a return to the morning low $158.17.<\/p>\n
Major Support Level: $159.55<\/p>\n
Major Resistance Level: $172.60<\/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 0.06% on Wednesday. Following a 10.68% rally from Tuesday, Ripples XRP ended the day at $0.23360.<\/p>\n
Tracking the broader market, Ripples XRP fell from an early morning high $0.24233 to a mid-morning intraday low $0.22546.<\/p>\n
Steering clear of the major support and resistance levels, Ripples XRP bounced back to an early afternoon intraday high $0.24285.<\/p>\n
Falling short of the first major resistance level at $0.2484, Ripples XRP fell back to $0.23 levels to end the day in the red.<\/p>\n
At the time of writing, Ripples XRP was down by 4.41% to $0.2233. A bearish start to the day saw Ripples XRP fall from an early morning high $0.23492 to a 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
Ripples XRP will need to move back through to $0.2340 levels to support a run at the first major resistance level at $0.2425.<\/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 $0.2425.<\/p>\n
In the event of a rebound, Wednesdays high $0.24285 and first major resistance level would likely cap any upside.<\/p>\n
Failure to move back through to $0.23 levels could see Ripples XRP fall further back.<\/p>\n
A fall back through the first major support level at $0.2251 would bring sub-$0.22 levels into play.<\/p>\n
Barring a crypto meltdown, however, Ripples XRP should steer of the second major support level at $0.2166<\/p>\n
Major Support Level: $0.2251<\/p>\n
Major Resistance Level: $0.2425<\/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 16\/01\/20 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" EOS EOS fell by 0.67% on Wednesday. Continue reading