EOS<\/p>\n
EOS fell by 0.43% on Thursday. Partially reversing a 1.55% gain from Wednesday, EOS ended the day at $2.6565.<\/p>\n
It was a mixed start to the day. EOS rose to an early morning high $2.6888 before falling to an early afternoon intraday low $2.6323.<\/p>\n
Steering clear of the major support and resistance levels, EOS rallied to a mid-afternoon intraday high $2.6951.<\/p>\n
EOS came within range of the first major resistance level at $2.6996 before sliding back to sub-$2.65 levels.<\/p>\n
Finding late support, however, EOS moved back through to $2.65 levels to limit the loss on the day.<\/p>\n
At the time of writing, EOS was down by 0.14% to $2.6528. A bearish start to the day saw EOS fall from an end of Thursday $2.6565 to $2.6528 at the start of the day.<\/p>\n
EOS left the major support and resistance levels untested early on.<\/p>\n
EOS would need to move through the $2.6613 pivot level to support a run at the first major resistance level at $2.6903.<\/p>\n
Support from the broader market would be needed, however, for EOS to break back through to $2.69 levels.<\/p>\n
Barring an extended crypto rally, the first major resistance level and Thursdays high $2.6951 would likely cap any upside.<\/p>\n
Failure to move through the $2.6613 pivot would bring the first major support level at $2.6275 into play.<\/p>\n
Barring an extended sell-off, EOS should steer clear of sub-$2.60 levels. The second major support level sits at $2.5985.<\/p>\n
First Major Support Level: $2.6275<\/p>\n
Pivot Level: $2.6613<\/p>\n
First Major Resistance Level: $2.6903<\/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 4.31% on Thursday. Following on from Wednesdays 7.53% rally, Ethereum ended the day at $275.68.<\/p>\n
Tracking the broader market, Ethereum fell to a mid-morning intraday low $260.10 before making a move.<\/p>\n
Steering well clear of the first major support level at $247.44, Ethereum rallied to a late afternoon intraday high $282.60.<\/p>\n
Ethereum broke through the first major resistance levels at $275.31 before falling back to $271 levels.<\/p>\n
Finding late support, Ethereum moved back through to $275 levels, with the first major resistance level capping the upside.<\/p>\n
At the time of writing, Ethereum was down by 0.35% to $274.72. A mixed start to the day saw Ethereum rise to an early morning high $275.64 before falling to a low $274.62.<\/p>\n
Ethereum left the major support and resistance levels untested early on.<\/p>\n
Story continues<\/p>\n
Ethereum would need to avoid a fall through the $272.79 pivot to support a run at the first major resistance level at $285.49.<\/p>\n
Support from the broader market would be needed, however, for Ethereum to break out from Thursdays high $282.60.<\/p>\n
Barring an extended crypto rally, the first major resistance level should cap any upside.<\/p>\n
Failure to avoid a fall through the $272.79 pivot would bring the first major support level at $262.99 into play.<\/p>\n
Barring an extended sell-off, however, Ethereum should steer clear of the 23.6% FIB of $257.<\/p>\n
First Major Support Level: $262.99<\/p>\n
Pivot Level: $272.79<\/p>\n
First Major Resistance Level: $285.49<\/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 rose by 2.30% on Thursday. Following on from a 2.06% gain on Wednesday, Ripples XRP ended the day at $2.0881.<\/p>\n
It was a mixed start to the day. Ripples XRP rose to an early morning high $0.20591 before hitting reverse.<\/p>\n
Falling short of the major resistance levels, Ripples XRP fell to a mid-morning intraday low $0.20208 before making a move.<\/p>\n
Steering clear of the first major support level at $0.1987, Ripples XRP struck a late afternoon intraday high $0.21096.<\/p>\n
Ripples XRP broke through the first major resistance level at $0.2073 and the second major resistance level at $0.2105.<\/p>\n
A late pullback saw Ripples XRP fall back through the major resistance levels before returning to $0.208 levels.<\/p>\n
At the time of writing, Ripples XRP was down by 0.21% to $0.20837. A mixed start to the day saw Ripples XRP fall rise to an early morning high $0.20882 before falling to a low $0.20837<\/p>\n
Ripples XRP left the major support and resistance levels untested early on.<\/p>\n
Ripples XRP will need to avoid a fall through the $0.2073 pivot to support a run at the first major resistance level at $0.2125.<\/p>\n
Support from the broader market would be needed, however, for Ripples XRP to break out from Thursdays high $0.21096.<\/p>\n
Barring a broad-based crypto rally, the first major resistance level and Thursdays high should cap any upside.<\/p>\n
In the event of a breakout, Ripples XRP should test the second major resistance level at $0.2162 before any pullback.<\/p>\n
Failure to avoid a fall through the $0.2073 pivot would bring the first major support level at $0.2036 into play.<\/p>\n
Barring an extended crypto sell-off, Ripples XRP should avoid the second major support level at $0.1984.<\/p>\n
First Major Support Level: $0.2036<\/p>\n
Pivot Level: $0.2073<\/p>\n
First Major Resistance Level: $0.2125<\/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
<\/p>\n
See the original post here:<\/p>\n
EOS, Ethereum and Ripples XRP Daily Tech Analysis July 24th, 2020 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" EOS EOS fell by 0.43% on Thursday. Partially reversing a 1.55% gain from Wednesday, EOS ended the day at $2.6565. It was a mixed start to the day. Continue reading