EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – August 1st, 2020 By 0 EOS EOS rose by 1.36% on Friday, Following on from a 0.90% gain on Thursday, EOS ended the month up by 30.56% to $3.0950.It was a mixed start to the day.EOS fell to an early morning intraday low $3.0163 before making a move.Steering clear of the first major support level at $2.9763, EOS rallied to a late afternoon intraday high $3.1481 EOS broke through the first major resistance level at $3.1191 before easing back to sub-$3.10 levels.At the time of writing, EOS was down by 0.17% to $3.0896.
A mixed start to the day saw EOS rise to an early morning high $3.1155 before falling to a low $3.0896.EOS left the major support and resistance levels untested early on.For the day ahead EOS would need to avoid a fall through the $3.0865 pivot level to support a run at the first major resistance level at $3.1566.Support from the broader market would be needed, however, for EOS to break back out from Friday’s high $3.1481.Barring another extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $3.0865 pivot would bring the first major support level at $3.0248 into play.Barring an extended sell-off, EOS should steer clear of the second major support level at $2.9547.Looking at the Technical Indicators First Major Support Level: $3.0248 Pivot Level: $3.0865 First Major Resistance Level: $3.1566 23.6% FIB Retracement Level: $6.62 38% FIB Retracement Level: $9.76 62% FIB Retracement Level: $14.82 Ethereum Ethereum rose by 3.46% on Friday.Following on from a 5.39% rally on Thursday, Ethereum ended the month up by 53.82% to $346.86.
Another mixed start saw Ethereum fall to an early morning intraday low $328.35 before making a move.Steering clear of the first major support level at $319.09, Ethereum rallied to a late intraday high $349.74.
Ethereum broke through the first major resistance level at $346.97 to test resistance at $350 before easing back.Ethereum slipped back through the first major resistance level at $346.97 late in the day.At the time of writing, Ethereum was down by 0.28% to $345.88.A mixed start to the day saw Ethereum rise to an early morning high $347.99 before falling to a low $345.56.Ethereum left the major support and resistance levels untested early on.For the day ahead
Story continues Ethereum would need to avoid a fall through the $341.65 pivot to support a run at the first major resistance level at $354.95.Support from the broader market would be needed, however, for Ethereum to break out form Friday’s high $349.74.Barring an extended crypto rally, the first major resistance level should cap any upside.
A fall through the $341.65 pivot would bring the first major support level at $333.56 into play.Barring an extended sell-off, however, Ethereum should steer well clear of the second major support level at $320.26.Looking at the Technical Indicators First Major Support Level: $333.56 Pivot Level: $341.65 First Major Resistance Level: $354.95 23.6% FIB Retracement Level: $257 38.2% FIB Retracement Level: $367 62% FIB Retracement Level: $543 Ripple’s XRP Ripple’s XRP rallied by 6.22% on Friday.Following on from a 0.36% gain on Thursday, Ripple’s XRP ended the month up by 48.21% to $0.25983.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.24201 before finding support.Steering clear of the first major support level at $0.2359, Ripple’s XRP rallied to a late intraday high $0.26078.Ripple’s XRP broke through the first major resistance level at $0.2517 and the second major resistance level at $0.2587.On the day, it was the first visit to $0.26 levels since early February before wrapping up the day at $0.2590 levels.
At the time of writing, Ripple’s XRP was down by 0.28% to $0.25909.A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.26021 before falling to a low $0.25833.Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead Ripple’s XRP will need to avoid a fall through the $0.2542 pivot to support a run at the first major resistance level at $0.2664.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Friday’s high $0.26078.Barring another broad-based crypto rally, the first major resistance level should cap any upside.In the event of a breakout, Ripple’s XRP would likely test the second major resistance level at $0.0.2730 before any pullback.Failure to avoid a fall through the $0.2542 pivot would bring the first major support level at $0.2476 into play.Barring an extended crypto sell-off, Ripple’s XRP should avoid sub-$0.25 levels, however.Looking at the Technical Indicators First Major Support Level: $0.2476 Pivot Level: $0.2542 First Major Resistance Level: $0.2664 23.6% FIB Retracement Level: $0.3638 38.2% FIB Retracement Level: $0.4800 62% FIB Retracement Level: $0.6678 Please let us know what you think in the comments below .
Thanks, Bob This article was originally posted on FX Empire More From FXEMPIRE:.
