EOS

EOS rallied by 5.06% on Tuesday. Following on from a 5.07% gain on Monday, EOS ended the day at $3.0048.

It was another mixed start to the day. EOS rose to an early morning high $2.9204 before hitting reverse.

Falling short of the first major resistance level at $2.9785, EOS slid to a late morning intraday low $2.7830.

Steering clear of the first major support level at $2.6879, EOS rallied to a late intraday high $3.0799.

EOS broke through the first major resistance level at $2.9785 before easing back.

At the time of writing, EOS was up by 0.30% to $3.0137. A bullish start to the day saw EOS rise from an early morning low $3.0040 to a high $3.0191.

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

EOS would need to avoid a fall through the $2.9559 pivot level to support a run at the first major resistance level at $3.1288.

Support from the broader market would be needed, however, for EOS to break out from Tuesdays high $3.0799.

Barring another extended crypto rally, the first major resistance level at $3.1288 would likely cap any upside.

Failure to avoid a fall through the $2.9559 pivot would bring the first major support level at $2.8319 into play.

Barring an extended sell-off, EOS should steer well clear of sub-$2.80 levels. The first major support level at $2.8319 should limit any downside.

First Major Support Level: $2.8319

Pivot Level: $2.9559

First Major Resistance Level: $3.1288

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum fell by 1.49% on Tuesday. Partially reversing a 3.47% gain from Monday, Ethereum ended the day at $317.59.

A bullish start saw Ethereum rise to an early morning intraday high $327.34 before hitting reverse.

Falling short of the first major resistance level at $333.93, Ethereum fell to a late morning intraday low $306.29.

The pullback saw Ethereum fall through the first major support level at $310.97 before moving back to $323 levels.

A bearish end to the day, however, left Ethereum at sub-$320 levels and in the red.

At the time of writing, Ethereum was up by 0.54% to $319.29. A bullish start to the day saw Ethereum rise from an early morning low $317.52 to a high $319.50.

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

Story continues

Ethereum would need to avoid a fall through the $317 pivot to support a run at the first major resistance level at $327.86.

Support from the broader market would be needed, however, for Ethereum to break out from Tuesdays high $327.34.

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

Failure to avoid a fall through the $317 pivot would bring the first major support level at $306.81 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$300 levels. The first major support level should limit any downside.

First Major Support Level: $306.81

Pivot Level: $317

First Major Resistance Level: $327.86

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripples XRP rose by 2.67% on Tuesday. Following on from a 4.33% rally on Monday, Ripples XRP ended the day at $0.23070.

It was a mixed start to the day, with Ripples XRP rising to an early morning high $0.22698 before hitting reverse.

Falling short of the first major resistance level at $0.2333, Ripples XRP slid to a late morning intraday low $0.21773.

Steering clear of the first major support level at $0.2127, Ripples XRP rallied to a late intraday high $0.23499.

Ripples XRP broke back through the first major resistance level at $0.2333 before sliding back to sub-$0.23 levels.

Finding late support, however, Ripples XRP wrapped up the day at $0.23 levels for the 1st time since March.

At the time of writing, Ripples XRP was up by 0.87% to $0.23271. A bullish start to the day saw Ripples XRP rise from an early morning low $0.23085 to a high $0.23271.

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

Ripples XRP will need to avoid a fall through the $0.2287 pivot to support a run at the first major resistance level at $0.2379.

Support from the broader market would be needed, however, for Ripples XRP to break out from Tuesdays high $0.23499.

Barring a 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 $0.2451 before any pullback.

Failure to avoid a fall through the $0.2278 pivot would bring the first major support level at $0.2206 into play.

Barring an extended crypto sell-off, Ripples XRP should avoid sub-$0.22 levels and the second major support level at $0.2105.

First Major Support Level: $0.2206

Pivot Level: $0.2278

First Major Resistance Level: $0.2379

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

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EOS, Ethereum and Ripples XRP Daily Tech Analysis July 29th, 2020 - Yahoo Finance