EOS

EOS fell by 2.54% on Friday. Reversing a 1.05% gain from Thursday, EOS ended the day at $3.0074.

A bullish start to the day saw EOS rally to a late morning intraday $3.2450 before hitting reverse.

EOS broke through the first major resistance level at $3.1778 before sliding to a late afternoon intraday low $2.7496.

EOS fell through the first major support level at $2.990 and the second major support level at $2.9101.

Finding support late in the day, EOS moved back through the support levels to wrap up the day at $3.00 levels

At the time of writing, EOS was down by 0.43% to $2.9945. A bearish start to the day saw EOS fall from an early morning high $3.0095 to a low $2.9945.

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

EOS would need to move through the $3.0007 pivot level to support a run at the first major resistance level at $3.2517

Support from the broader market would be needed, however, for EOS to break out from Fridays high $3.2450.

Barring an extended crypto rally, however, resistance at $3.10 would likely leave EOS short of the major resistance levels.

Failure to move through the $3.0007 pivot would bring the first major support level at $2.7563 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$2.75 levels on the day. The second major support level sits at $2.5053.

First Major Support Level: $2.7563

Pivot Level: $3.0007

First Major Resistance Level: $3.2517

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum slid by 3.93% on Friday. Following on from a 1.48% loss on Thursday, Ethereum ended the day at $379.75.

A range-bound start to the day saw Ethereum rise to an early morning intraday high $398.57 before seeing red.

Falling short of the first major resistance level at $402.54, Ethereum fell to a late afternoon intraday low $362.88.

Ethereum fell through the days major support levels and the 38.2% FIB of $367 before finding support.

Story continues

The partial recovery saw Ethereum move back through the 38.2% FIB and the third major support level at $370.71 to cut the deficit.

The second major support level at $383.74 pinned Ethereum back late in the day.

At the time of writing, Ethereum was down by 0.08% to $379.45. A bearish start to the day saw Ethereum fall from an early morning high $379.76 to a low $377.70.

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

Ethereum would need to move through the $380.40 pivot to support a run at the first major resistance level at $397.92.

Support from the broader market would be needed, however, for Ethereum to break back through to $390 levels.

Barring an extended crypto rally, the first major resistance level and Fridays high $398.57 should cap any upside.

Failure to move through the $380.40 pivot would bring the 38.2% FIB and the first major support level at $362.23 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$360 levels. The second major support level sits at $344.71.

First Major Support Level: $362.23

Pivot Level: $380.40

First Major Resistance Level: $397.92

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripples XRP slid by 2.87% on Friday. Following a 0.19% gain from Thursday, Ripples XRP ended the day at $0.29427.

A bullish start to the day saw Ripples XRP rally to a late morning intraday high $0.3100 before hitting reverse.

Ripples XRP came up against the first major resistance level at $0.3104 before sliding to a late afternoon intraday low $0.27742.

The reversal saw Ripples XRP fall through the first major support level at $0.2963 and the second major support level at $0.2897.

Late in the day, Ripples XRP briefly revisited $0.2963 levels before easing back into the deep red. The first major resistance level at $0.2963 pinned Ripples XRP back late in the day.

At the time of writing, Ripples XRP was down by 0.37% to $0.29317. A bearish start to the day saw Ripples XRP fall from an early morning high $0.29430 to a low $0.29219.

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

Ripples XRP will need to move through the $0.2939 pivot to support a run at the first major resistance level at $0.3104.

Support from the broader market would be needed, however, for Ripples XRP to break back through to $0.30 levels.

Barring another broad-based crypto rally, the first major resistance level and Fridays high $0.3100 should cap any upside.

In the event of a breakout, the 23.6% FIB of 0.3134 could come into play.

Failure to move through the $0.2939 pivot would bring the first major support level at $0.2778 into play.

Barring another extended crypto sell-off, Ripples XRP should avoid the second major support level at $0.2613.

First Major Support Level: $0.2778

Pivot Level: $0.2939

First Major Resistance Level: $0.3104

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 the rest here:

EOS, Ethereum and Ripples XRP Daily Tech Analysis August 8th, 2020 - Yahoo Finance