EOS

EOS rose by 0.90% on Thursday. Following on from a 0.79% gain on Wednesday, EOS ended the day at $3.0540.

It was a bearish start to the day. EOS fell to a mid-morning intraday low $2.9638 before making a move.

Steering clear of the first major support level at $2.9367, EOS rallied to a late intraday high $3.1066.

Falling short of the first major resistance level at $3.1410, EOS slipped back to wrap up the day at sub-$3.10 levels.

At the time of writing, EOS was up by 0.15% to $3.0585. A bullish start to the day saw EOS rise from an early morning low $3.0535 to a high $3.0652.

EOS left the major support and resistance levels untested early on.

EOS would need to avoid a fall through the $3.0415 pivot level to support a run at the first major resistance level at $3.1191.

Support from the broader market would be needed, however, for EOS to break out from Thursdays high $3.1066.

Barring another extended crypto rally, the first major resistance level at $3.1191 would likely cap any upside.

Failure to avoid a fall through the $3.0415 pivot would bring the first major support level at $2.9763 into play.

Barring an extended sell-off, EOS should steer well clear of sub-$2.90 levels and the second major support level at $2.8987.

First Major Support Level: $2.9763

Pivot Level: $3.0415

First Major Resistance Level: $3.1191

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum rallied by 5.39% on Thursday. Following a modest 0.20% rise from on Wednesday, Ethereum ended the day at $335.31.

A mixed start saw Ethereum fall to an early morning intraday low $314.52 before making a move.

Steering clear of the first major support level at $311.93, Ethereum rallied to a late intraday high $342.40.

Ethereum broke through the first major resistance level at $325.12 and the second major resistance level at $332.08.

Coming up short of the third major resistance level at $345.27, Ethereum eased back to sub-$340 levels.

At the time of writing, Ethereum was up by 0.08% to $335.58. A bullish start to the day saw Ethereum rise from an early morning low $335.18 to a high $336.99.

Ethereum left the major support and resistance levels untested early on.

Story continues

Ethereum would need to avoid a fall through the $330.74 pivot to support a run at the first major resistance level at $347.

Support from the broader market would be needed, however, for Ethereum to break out form Thursdays high $342.40.

Barring an extended crypto rally, the first major resistance level should cap any upside.

A fall through the $330.74 pivot would bring the first major support level at $319 into play.

Barring an extended sell-off, however, Ethereum should steer well clear of the second major support level at $302.86.

First Major Support Level: $319

Pivot Level: $330.74

First Major Resistance Level: $347

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripples XRP rose by 0.36% on Thursday. Following on from Wednesdays 5.57% rally, Ripples XRP ended the day at $0.24462.

A bearish start to the day saw Ripples XRP fall to an early morning intraday low $0.23425 before finding support.

Steering clear of the first major support level at $0.2320, Ripples XRP rose to a late intraday high $0.25000.

Falling short of the first major resistance level at $0.2530, Ripples XRP eased back to limit the upside on the day.

At the time of writing, Ripples XRP was down by 0.03% to $0.24454. A mixed start to the day saw Ripples XRP rise to an early morning high $0.24602 before falling to a low $0.24443.

Ripples XRP left the major support and resistance levels untested early on.

Ripples XRP will need to avoid a fall through the $0.2430 pivot to support a run at the first major resistance level at $0.2517.

Support from the broader market would be needed, however, for Ripples XRP to break out from Thursdays high $0.2500.

Barring another broad-based crypto rally, the first major resistance level should cap any upside.

In the event of a breakout, Ripples XRP should test the second major resistance level at $0.2587 before any pullback.

Failure to avoid a fall through the $0.2430 pivot would bring the first major support level at $0.2359 into play.

Barring an extended crypto sell-off, Ripples XRP should avoid sub-$0.23 levels and the second major support level at $0.2272.

First Major Support Level: $0.2359

Pivot Level: $0.2430

First Major Resistance Level: $0.2517

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

Read more here:

EOS, Ethereum and Ripples XRP Daily Tech Analysis July 31st, 2020 - Yahoo Finance