EOS<\/p>\n
EOS slid by 10.93% on Sunday. Reversing a 6.71% gain from Saturday, EOS ended the week up by 8.23% to $2.9409.<\/p>\n
It was a choppy start to the day. EOS rose to an early morning intraday high $3.4852 before hitting reverse.<\/p>\n
EOS broke through the first major resistance level at $3.4029 before tumbling to an early morning intraday low $2.4884.<\/p>\n
The sell-off saw EOS slide through the days major support levels before briefly revisiting $3.0 levels.<\/p>\n
EOS moved back through the third major support level at $2.7121 and the second major support level at $2.9748.<\/p>\n
It was a bearish 2nd half of the day, however. EOS fell back through the second major support level to end the day in the deep red.<\/p>\n
At the time of writing, EOS was up by 0.75% to $2.9631. A mixed start to the day saw EOS fall to an early morning low $2.9022 before rising to a high $2.9631.<\/p>\n
EOS left the major support and resistance levels untested early on.<\/p>\n
EOS would need to move through the $2.9715 pivot level to support a run at the first major resistance level at $3.4546.<\/p>\n
Support from the broader market would be needed, however, for EOS to break back through to $3.40 levels.<\/p>\n
Barring another extended crypto rally, the first major resistance level would likely cap any upside.<\/p>\n
Failure to move through the $2.9715 pivot would bring the first major support level at $2.4578 into play.<\/p>\n
Barring an extended sell-off, EOS should steer well clear of the second major support level at $1.9747.<\/p>\n
First Major Support Level: $2.4578<\/p>\n
Pivot Level: $2.9715<\/p>\n
First Major Resistance Level: $3.4546<\/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 3.92% on Sunday. Partially reversing an 11.69% rally from Saturday, Ethereum ended the week up by 19.52% to $371.21.<\/p>\n
Tracking the broader market, Ethereum rallied to an early morning intraday high $415.00 before hitting reverse.<\/p>\n
Ethereum broke through the first major resistance level at $406.35 before tumbling to an early morning intraday low $325.75.<\/p>\n
The selloff saw Ethereum fall through the first major support level at $356.1 before finding support.<\/p>\n
More significantly, Ethereum also fell through the 38.2% FIB of $367 before the partial recovery.<\/p>\n
Ethereum moved back through to $389 levels before falling back to end the day at sub-$380.<\/p>\n
At the time of writing, Ethereum was up by 1.00% to $375.93. A mixed start to the day saw Ethereum fall to an early morning low $366.34 before rising to a high $376.63.<\/p>\n
While leaving the major support and resistance levels untested, Ethereum found support at the 38.2% FIB of $367 early on.<\/p>\n
Story continues<\/p>\n
Ethereum would need to avoid a fall through the $371 pivot to support a run at the first major resistance level at $416.22.<\/p>\n
Support from the broader market would be needed, however, for Ethereum to break out form Saturdays high $415.00.<\/p>\n
Barring an extended crypto rally, the first major resistance level should cap any upside.<\/p>\n
A fall through the $371 pivot would bring the first major support level at $326.97 into play.<\/p>\n
Barring another extended sell-off, however, Ethereum should steer well clear of the second major support level at $281.74.<\/p>\n
First Major Support Level: $326.97<\/p>\n
Pivot Level: $371<\/p>\n
First Major Resistance Level: $416.22<\/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 1.25% on Sunday. Following a 12.06% rally on Saturday, Ripples XRP ended the week up by 33.50% to $0.28764.<\/p>\n
A bullish start to the day saw Ripples XRP rise to an early morning intraday high $0.3262 before hitting reverse.<\/p>\n
Ripples XRP broke through the first major resistance level at $0.3071 and the second major resistance level at $0.3233.<\/p>\n
The reversal saw Ripples XRP slide through the first major support level at $0.2653 to an intraday low $0.24158.<\/p>\n
Steering clear of sub-$0.24 support levels, Ripples XRP revisited $0.30 levels before falling back into the red.<\/p>\n
In spite of the bearish day, Ripples XRP moved back through the first major support level to limit the loss.<\/p>\n
At the time of writing, Ripples XRP was up by 2.95% to $0.29612. A mixed start to the day saw Ripples XRP fall to an early morning low $0.28383 before rising to a high $0.29661.<\/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 $0.2851 pivot to support a run at the first major resistance level at $0.3287.<\/p>\n
Support from the broader market would be needed, however, for Ripples XRP to break out from Saturdays high $0.3262.<\/p>\n
Barring another broad-based crypto rally, the first major resistance level should cap any upside.<\/p>\n
In the event of a breakout, Ripples XRP could make a run at the second major resistance level at $0.0.3698.<\/p>\n
Failure to avoid a fall through the $0.2851 pivot would bring the first major support level at $0.2441 into play.<\/p>\n
Barring an extended crypto sell-off, Ripples XRP should avoid sub-$0.24 levels, however.<\/p>\n
First Major Support Level: $0.24441<\/p>\n
Pivot Level: $0.2851<\/p>\n
First Major Resistance Level: $0.3287<\/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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EOS, Ethereum and Ripples XRP Daily Tech Analysis August 3rd, 2020 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" EOS EOS slid by 10.93% on Sunday. Reversing a 6.71% gain from Saturday, EOS ended the week up by 8.23% to $2.9409. It was a choppy start to the day. Continue reading