EOS<\/p>\n
EOS rose by 4.20% on Sunday. Following on from a 0.27% gain on Saturday, EOS ended the week down by 1.92% to $3.2598.<\/p>\n
It was a bullish start to the day. EOS rose to an early morning high $3.2155 before hitting reverse.<\/p>\n
EOS broke through the first major resistance level at $3.1930 before falling back to $3.15 levels.<\/p>\n
Finding support going into the afternoon, EOS rallied to a late intraday high $3.2769.<\/p>\n
EOS broke through the first major resistance level at $3.1930 and the second major resistance level at $3.2589.<\/p>\n
At the time of writing, EOS was up by 0.33% to $3.2706. A mixed start to the day saw EOS fall to an early morning low $3.2522 before rising to a high $3.2741.<\/p>\n
EOS left the major support and resistance levels untested early on.<\/p>\n
EOS would need to avoid a fall through the $3.2205 pivot level to support a run at the first major resistance level at $3.3162.<\/p>\n
Support from the broader market would be needed, however, for EOS to break out from Sundays high $3.2769.<\/p>\n
Barring an extended crypto rally, the first major resistance level would likely cap any upside.<\/p>\n
Failure to avoid a fall through the pivot level at $3.2205 would bring the first major support level at $3.1641 into play.<\/p>\n
Barring an extended sell-off, however, EOS should avoid a return to sub-$3.10 levels. The second major support level at $3.0684 should limit any downside.<\/p>\n
First Major Support Level: $3.1641<\/p>\n
Pivot Level: $3.2205<\/p>\n
First Major resistance Level: $3.3162<\/p>\n
23.6% FIB Retracement Level: $6.52<\/p>\n
38% FIB Retracement Level: $9.68<\/p>\n
62% FIB Retracement Level: $14.77<\/p>\n
Ethereum rose by 7.62% on Sunday. Following on from a 0.82% gain from Saturday, Ethereum ended the week up by 9.73% to $428.94.<\/p>\n
It was also a bullish day. Ethereum rallied from an early morning intraday low $398.24 to a late intraday high $429.9.<\/p>\n
Steering clear of the first major support level at $392.01, Ethereum broke through the days major resistance levels.<\/p>\n
A late pullback saw Ethereum fall back through the third major resistance level at $425.87 before wrapping up the day at $428 levels.<\/p>\n
At the time of writing, Ethereum was up by 0.22% to $429.88. A mixed start to the day saw Ethereum fall to an early morning low $428.15 before rising to a high $430.55.<\/p>\n
Ethereum left the major support and resistance levels untested early on.<\/p>\n
Ethereum would need to avoid a fall through the $419 pivot to support a run at the first major resistance level at $439.81.<\/p>\n
Support from the broader market would be needed, however, for Ethereum to break out from this mornings high $430.55.<\/p>\n
Barring an extended crypto rally, the first major resistance level would likely cap any upside.<\/p>\n
Failure to avoid a fall through the $419 pivot would bring the first major support level at $408.15 into play.<\/p>\n
Barring an extended sell-off, however, Ethereum should steer clear of sub-$400 and the second major support level at $387.37.<\/p>\n
First Major Support Level: $408.15<\/p>\n
Pivot Level: $419<\/p>\n
First Major Resistance Level: $439.81<\/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 3.28% on Sunday. Following on from 0.80% gain on Saturday, Ripples XRP ended the week down by 0.62% to $0.2830.<\/p>\n
It was a bullish day. Ripples XRP rallied from an early morning intraday low $0.2740 to a late intraday high $0.2838.<\/p>\n
Ripples XRP broke through the first major resistance level at $0.2779 and the second major resistance level at $0.2818.<\/p>\n
A late pullback saw Ripples XRP test support at $0.28 before breaking back through the second major resistance level at $0.2818.<\/p>\n
At the time of writing, Ripples XRP was up by 0.53% to $0.2845. A bullish start to the day saw Ripples XRP rise from an early morning low $0.2830 to a high $0.28455.<\/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 $0.2803 pivot to support a run at the first major resistance level at $0.2865.<\/p>\n
Support from the broader market would be needed, however, for Ripples XRP to break out from the morning high $0.28455.<\/p>\n
Barring an extended crypto rally, the first major resistance level should cap any upside.<\/p>\n
Failure to avoid a fall through the $0.2803 pivot would bring the first major support level at $0.2767 into play.<\/p>\n
Barring an extended crypto sell-off, Ripples XRP should steer clear of sub-$0.27 levels. The second major support level at $0.2705 should limit any downside.<\/p>\n
First Major Support Level: $0.2767<\/p>\n
Pivot Level: $0.2803<\/p>\n
First Major Resistance Level: $0.2865<\/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
<\/p>\n
Excerpt from:<\/p>\n
EOS, Ethereum and Ripple's XRP Daily Tech Analysis August 31st, 2020 - FX Empire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" EOS EOS rose by 4.20% on Sunday. Continue reading