EOS<\/p>\n
EOS fell by 2.54% on Friday. Reversing a 1.05% gain from Thursday, EOS ended the day at $3.0074.<\/p>\n
A bullish start to the day saw EOS rally to a late morning intraday $3.2450 before hitting reverse.<\/p>\n
EOS broke through the first major resistance level at $3.1778 before sliding to a late afternoon intraday low $2.7496.<\/p>\n
EOS fell through the first major support level at $2.990 and the second major support level at $2.9101.<\/p>\n
Finding support late in the day, EOS moved back through the support levels to wrap up the day at $3.00 levels<\/p>\n
At the time of writing, EOS was down by 0.43% to $2.9945. A bearish start to the day saw EOS fall from an early morning high $3.0095 to a low $2.9945.<\/p>\n
EOS left the major support and resistance levels untested early on.<\/p>\n
EOS would need to move through the $3.0007 pivot level to support a run at the first major resistance level at $3.2517<\/p>\n
Support from the broader market would be needed, however, for EOS to break out from Fridays high $3.2450.<\/p>\n
Barring an extended crypto rally, however, resistance at $3.10 would likely leave EOS short of the major resistance levels.<\/p>\n
Failure to move through the $3.0007 pivot would bring the first major support level at $2.7563 into play.<\/p>\n
Barring another extended sell-off, however, EOS should steer clear of sub-$2.75 levels on the day. The second major support level sits at $2.5053.<\/p>\n
First Major Support Level: $2.7563<\/p>\n
Pivot Level: $3.0007<\/p>\n
First Major Resistance Level: $3.2517<\/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 slid by 3.93% on Friday. Following on from a 1.48% loss on Thursday, Ethereum ended the day at $379.75.<\/p>\n
A range-bound start to the day saw Ethereum rise to an early morning intraday high $398.57 before seeing red.<\/p>\n
Falling short of the first major resistance level at $402.54, Ethereum fell to a late afternoon intraday low $362.88.<\/p>\n
Ethereum fell through the days major support levels and the 38.2% FIB of $367 before finding support.<\/p>\n
Story continues<\/p>\n
The partial recovery saw Ethereum move back through the 38.2% FIB and the third major support level at $370.71 to cut the deficit.<\/p>\n
The second major support level at $383.74 pinned Ethereum back late in the day.<\/p>\n
At the time of writing, Ethereum was down by 0.08% to $379.45. A bearish start to the day saw Ethereum fall from an early morning high $379.76 to a low $377.70.<\/p>\n
Ethereum left the major support and resistance levels untested early on.<\/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
Ripples XRP will need to move through the $0.2939 pivot to support a run at the first major resistance level at $0.3104.<\/p>\n
Support from the broader market would be needed, however, for Ripples XRP to break back through to $0.30 levels.<\/p>\n
Barring another broad-based crypto rally, the first major resistance level and Fridays high $0.3100 should cap any upside.<\/p>\n
In the event of a breakout, the 23.6% FIB of 0.3134 could come into play.<\/p>\n
Failure to move through the $0.2939 pivot would bring the first major support level at $0.2778 into play.<\/p>\n
Barring another extended crypto sell-off, Ripples XRP should avoid the second major support level at $0.2613.<\/p>\n
First Major Support Level: $0.2778<\/p>\n
Pivot Level: $0.2939<\/p>\n
First Major Resistance Level: $0.3104<\/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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Read the rest here: <\/p>\n
EOS, Ethereum and Ripples XRP Daily Tech Analysis August 8th, 2020 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" EOS EOS fell by 2.54% on Friday. Reversing a 1.05% gain from Thursday, EOS ended the day at $3.0074. Continue reading