EOS<\/p>\n
EOS rose by 0.71% on Wednesday. Reversing a 0.53% decline from Tuesday, EOS ended the day at $3.0510.<\/p>\n
A bearish start to the day saw EOS fall to an early morning intraday low $3.0015 before making a move.<\/p>\n
Steering clear of the first major support level at $2.9556, EOS rallied to a late afternoon intraday high $3.0986.<\/p>\n
Falling short of the first major resistance level at $3.1055, EOS slid back to a low $3.0055 before finding late support.<\/p>\n
A final hour move back through to $3.05 levels delivered the upside on the day.<\/p>\n
At the time of writing, EOS was down by 0.16% to $3.0460. A mixed start to the day saw EOS rise to an early morning high $3.0670 before falling to a low $3.0447.<\/p>\n
EOS left the major support and resistance levels untested early on.<\/p>\n
EOS would need to move through the $3.0504 pivot level to support a run at the first major resistance level at $3.0992.<\/p>\n
Support from the broader market would be needed, however, for EOS to break out from Wednesdays high $3.0986.<\/p>\n
Barring an extended crypto rally, the first major resistance level and Wednesdays high would likely cap any upside.<\/p>\n
Failure to move through the $3.0504 pivot would bring the first major support level at $3.0021 into play.<\/p>\n
Barring an extended sell-off, EOS should steer clear of the second major support level at $2.9533.<\/p>\n
First Major Support Level: $3.0021<\/p>\n
Pivot Level: $3.0504<\/p>\n
First Major Resistance Level: $3.0992<\/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 rallied by 2.94% on Wednesday. Following on from a 0.92% gain from Tuesday, Ethereum ended the day at $401.21.<\/p>\n
A mixed start to the day saw Ethereum fall to an early morning intraday low $383.86 before making a move.<\/p>\n
Steering clear of the first major support level at $379.11, Ethereum rallied to a late intraday high $408.00.<\/p>\n
Ethereum broke through the first major resistance level at $402.08 before sliding back to sub-$400 levels.<\/p>\n
Finding late support, however, Ethereum moved back through to $401 levels to end the day in the green.<\/p>\n
At the time of writing, Ethereum was down by 0.61% to $398.80. A mixed start to the day saw Ethereum rise to an early morning high $404.03 before falling to a low $398.13.<\/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 $397.69 pivot to support a run at the first major resistance level at $411.52.<\/p>\n
Support from the broader market would be needed, however, for Ethereum to break out from Wednesdays high $408.00.<\/p>\n
Barring an extended crypto rally, the first major resistance level should cap any upside.<\/p>\n
A fall through the $397.69 pivot would bring the first major support level at $387.38 into play.<\/p>\n
Barring an extended sell-off, however, Ethereum should steer clear of sub-$380 levels. The second major support level sits at $373.55.<\/p>\n
First Major Support Level: $387.38<\/p>\n
Pivot Level: $397.69<\/p>\n
First Major Resistance Level: $411.52<\/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 0.38% on Wednesday. Following a 2.90% fall on Tuesday, Ripples XRP ended the day at $0.30239.<\/p>\n
A bearish start to the day saw Ripples XRP fall to an early morning intraday low $0.29086 before finding support.<\/p>\n
Steering clear of the first major support level at $0.2880, Ripples XRP rose to an early afternoon intraday high $0.30795.<\/p>\n
Falling short of the first major resistance level at $0.3157, Ripples XRP fell back to sub-$0.30 levels before finding late support.<\/p>\n
At the time of writing, Ripples XRP was down by 0.32% to $0.30141 A mixed start to the day saw Ripples XRP rise to an early morning high $0.30353 before falling to a low $0.30070<\/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 $0.3004 pivot to support a run at the first major resistance level at $0.3099.<\/p>\n
Support from the broader market would be needed, however, for Ripples XRP to break out from Wednesdays high $0.30795.<\/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, the 23.6% FIB of 0.3134 and the second major resistance level at $0.3175 could come into play.<\/p>\n
Failure to avoid a fall through the $0.3004 pivot would bring the first major support level at $0.2929 into play.<\/p>\n
Barring an extended crypto sell-off, Ripples XRP should avoid sub-$0.29 levels, however. The second major support level sits at $0.2833.<\/p>\n
First Major Support Level: $0.2929<\/p>\n
Pivot Level: $0.3004<\/p>\n
First Major Resistance Level: $0.3099<\/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 6th, 2020 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" EOS EOS rose by 0.71% on Wednesday. Reversing a 0.53% decline from Tuesday, EOS ended the day at $3.0510. A bearish start to the day saw EOS fall to an early morning intraday low $3.0015 before making a move Continue reading