For the day ahead<\/p>\n
Ethereum would need to move through the $396.77 pivot to support a run at the first major resistance level at $402.54.<\/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
Failure to move through the $396.77 pivot would bring the first major support level at $389.51 into play.<\/p>\n
Barring an extended sell-off, however, Ethereum should continue to steer clear of the second major support level at $383.74.<\/p>\n
First Major Support Level: $389.51<\/p>\n
Pivot Level: $396.77<\/p>\n
First Major Resistance Level: $402.54<\/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 0.19% on Thursday. Following on from a 0.38% gain on Wednesday, Ripples XRP ended the day at $0.30296.<\/p>\n
A bearish start to the day saw Ripples XRP fall to an early morning intraday low $0.29712 before finding support.<\/p>\n
Steering clear of the first major support level at $0.2929, Ripples XRP rose to a mid-afternoon intraday high $0.3112.<\/p>\n
Ripples XRP broke through the first major resistance level at $0.3099 before falling back to sub-$0.30 levels.<\/p>\n
Finding late support, Ripples XRP moved back through to $0.3029 levels to deliver the upside on the day.<\/p>\n
At the time of writing, Ripples XRP was down by 0.18% to $0.3024. A bearish start to the day saw Ripples XRP fall from an early morning high $0.30303 to a low $0.30171.<\/p>\n
Ripples XRP left the major support and resistance levels untested early on.<\/p>\n
<\/p>\n
More:<\/p>\n
EOS, Ethereum and Ripple's XRP Daily Tech Analysis August 7th, 2020 - FX Empire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" For the day ahead Ethereum would need to move through the $396.77 pivot to support a run at the first major resistance level at $402.54. Support from the broader market would be needed, however, for Ethereum to break back through to $400 levels Continue reading