For the day ahead<\/p>\n
Ethereum would need to move through the $380.40 pivot to support a run at the first major resistance level at $397.92.<\/p>\n
Support from the broader market would be needed, however, for Ethereum to break back through to $390 levels.<\/p>\n
Barring an extended crypto rally, the first major resistance level and Fridays high $398.57 should cap any upside.<\/p>\n
Failure to move through the $380.40 pivot would bring the 38.2% FIB and the first major support level at $362.23 into play.<\/p>\n
Barring another extended sell-off, however, Ethereum should steer clear of sub-$360 levels. The second major support level sits at $344.71.<\/p>\n
First Major Support Level: $362.23<\/p>\n
Pivot Level: $380.40<\/p>\n
First Major Resistance Level: $397.92<\/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 slid by 2.87% on Friday. Following a 0.19% gain from Thursday, Ripples XRP ended the day at $0.29427.<\/p>\n
A bullish start to the day saw Ripples XRP rally to a late morning intraday high $0.3100 before hitting reverse.<\/p>\n
Ripples XRP came up against the first major resistance level at $0.3104 before sliding to a late afternoon intraday low $0.27742.<\/p>\n
The reversal saw Ripples XRP fall through the first major support level at $0.2963 and the second major support level at $0.2897.<\/p>\n
Late in the day, Ripples XRP briefly revisited $0.2963 levels before easing back into the deep red. The first major resistance level at $0.2963 pinned Ripples XRP back late in the day.<\/p>\n
At the time of writing, Ripples XRP was down by 0.37% to $0.29317. A bearish start to the day saw Ripples XRP fall from an early morning high $0.29430 to a low $0.29219.<\/p>\n
Ripples XRP left the major support and resistance levels untested early on.<\/p>\n
<\/p>\n
Go here to read the rest:<\/p>\n
EOS, Ethereum and Ripple's XRP Daily Tech Analysis August 8th, 2020 - FX Empire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" For the day ahead Ethereum would need to move through the $380.40 pivot to support a run at the first major resistance level at $397.92. Support from the broader market would be needed, however, for Ethereum to break back through to $390 levels. Barring an extended crypto rally, the first major resistance level and Fridays high $398.57 should cap any upside. Continue reading