For the day ahead<\/p>\n
Ethereum would need to move through the $391.38 pivot to support a run at the first major resistance level at $402.08.<\/p>\n
Support from the broader market would be needed, however, for Ethereum to break back through to $400 levels.<\/p>\n
Barring an extended crypto rally, the first major resistance level should cap any upside.<\/p>\n
A fall through the $391.38 pivot would bring the first major support level at $379.11 into play.<\/p>\n
Barring an extended sell-off, however, Ethereum should steer clear of sub-$360 levels. The second major support level at $368.41 and the 38.2% FIB of $367 should limit any downside.<\/p>\n
First Major Support Level: $379.11<\/p>\n
Pivot Level: $391.38<\/p>\n
First Major Resistance Level: $402.08<\/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 2.90% on Tuesday. Partially reversing Mondays 7.58% rally, Ripples XRP ended the day at $0.30124.<\/p>\n
A bullish start to the day saw Ripples XRP rise to an early morning intraday high $0.3190 before hitting reverse.<\/p>\n
Falling short of the first major resistance level at $0.3249, Ripples XRP fell to an early afternoon intraday low $0.29026.<\/p>\n
While steering clear of the first major support level at $0.2892, Ripples XRP fell through the 23.6% FIB of $0.3134.<\/p>\n
Finding late support, Ripples XRP recovered to $0.30 levels to cut the deficit on the day.<\/p>\n
At the time of writing, Ripples XRP was down by 1.46% to $0.29685. A bearish start to the day saw Ripples XRP fall from an early morning high $0.30239 to a low $0.29418<\/p>\n
Ripples XRP left the major support and resistance levels untested early on.<\/p>\n
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Original post: <\/p>\n
EOS, Ethereum and Ripple's XRP Daily Tech Analysis August 5th, 2020 - FX Empire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" For the day ahead Ethereum would need to move through the $391.38 pivot to support a run at the first major resistance level at $402.08. Support from the broader market would be needed, however, for Ethereum to break back through to $400 levels. Barring an extended crypto rally, the first major resistance level should cap any upside. Continue reading