Yahoo Finance EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 30/03/20
EOS
EOS slid by 4.04% on Sunday. Reversing a 0.64% gain from Saturday, EOS ended the week down by 0.60% at $2.1232.
Bearish throughout the day, EOS fell from an early morning intraday high $2.2192 to a late intraday low $2.1022.
Falling short of the major resistance levels, EOS fell through the first major support level at $2.1163.
Finding support late on, EOS broke back through the first major support level to limit the loss on the day.
At the time of writing, EOS was up by 1.37% to $2.1523. A bullish start to the day saw EOS rise from an early morning low $2.1158 to a high $2.1550.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through to $2.16 levels to support a run at the first major resistance level at $2.1942.
Support from the broader market would be needed, however, for EOS to break out from the morning high $2.1550.
Barring an extended crypto rally, the first major resistance level would likely limit any upside.
Failure to break back through to $2.16 levels could see EOS hit reverse.
A fall back through to sub-$2.1480 levels would bring the first major support level at $2.0772 into play.
Barring an extended crypto sell-off, however, EOS should steer clear of sub-$2.00 levels. The second major support level at $2.0312 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $2.0772
Major Resistance Level: $2.1942
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum slid by 5.34% on Sunday. Following on from a 0.16% decline on Saturday, Ethereum ended the week up by 1.67% to $124.35.
Bearish through most of the day, Ethereum slid from an early morning intraday high $132.18 to a late intraday low $123.72.
Falling well short of the major resistance levels, Ethereum fell through the first major support level at $126.31.
In spite of finding late support from the broader market, Ethereum failed to break back through the first major support level.
At the time of writing, Ethereum was up by 2.26% to $127.16. A bullish start to the day saw Ethereum rise from an early morning low $124.05 to a high $127.40.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid sub-$127 levels to support a run at the first major resistance level at $129.78.
Support from the broader market would be needed, however, for Ethereum to break out from the morning high $127.40.
Barring an extended crypto rally, the first major resistance level at $129.78 and resistance at $130 would likely limit any upside.
Failure to avoid sub-$127 levels could see Ethereum struggle later in the day.
A fall through to sub-$125 levels would bring the first major support level at $121.32 into play.
Barring an extended crypto sell-off, however, Ethereum should steer well clear of the second major support level at $118.29.
Looking at the Technical Indicators
Major Support Level: $121.32
Major Resistance Level: $129.78
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP tumbled by 7.34% on Sunday. Reversing a 1.72% gain from Saturday, Ripple’s XRP ended the week up by 10.28% to $0.16300.
Tracking the broader market, Ripple’s XRP fell from an early morning intraday high $0.17701 to a late intraday low $0.16207.
Ripple’s XRP fell through the first major support level at $0.1682 before finding late support.
A partial recovery to $0.1630 levels was of little consolation on the day, however.
At the time of writing, Ripple’s XRP was up by 2.88% to $0.16770. A bullish start to the day saw Ripple’s XRP rally from an early morning low $0.16300 to a high $0.16834.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to move back through to $0.1680 levels to support a run at the first major resistance level at $0.1727.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.17 levels.
Barring an extended crypto rally, the first major resistance level at $0.1727 would likely leave Ripple’s XRP short of $0.18 levels.
Failure to move back through to $0.1680 levels could see Ripple’s XRP give up the morning gains.
A fall back through to sub-$0.1670 levels would bring the first major support level at $0.1577 into play.
Barring an extended crypto sell-off, however, Ripple’s XRP should steer clear of sub-$0.15 levels on the day.
The second major support level at $0.1524 should limit any downside on the day.
Looking at the Technical Indicators
Major Support Level: $0.1577
Major Resistance Level: $0.1727
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
