EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis

EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis

A mixed start to the day saw EOS rise to an early morning intraday high $3.3961 before hitting reverse. Falling short of the first major resistance level at $3.4516, EOS tumbled to a late afternoon intraday low $2.9523. EOS fell through the day’s major support levels before moving back through to $3.14 levels late in the day. The late partial recovery saw EOS move back through the third major support level at $3.0717. At the time of writing, EOS was down by 0.68% to $3.1020. A bearish start to the day saw EOS fall from an early morning high $3.1269 to a low $3.0895. EOS left the major support and resistance levels untested early on. For the day ahead EOS would need to move through the $3.1573 pivot level to support a run at the first major resistance level at $3.3622. Support from the broader market would be needed, however, for EOS to break out from the morning high $3.1269. Barring an extended crypto rally, the first major resistance level would likely cap any upside. Failure to move through the pivot level at $3.1573 would bring the first major support level at $2.9184 into play. Barring another extended sell-off, however, EOS should steer clear of the second major support level at $2.7135. Looking at the Technical Indicators First Major Support Level: $2.9184 Pivot Level: $3.1573 First Major resistance Level: $3.3622 23.6% FIB Retracement Level: $6.62 38% FIB Retracement Level: $9.76 62% FIB Retracement Level: $14.82