EOS

EOS rose by 0.79% on Wednesday. Following on from a 5.06% rally on Tuesday, EOS ended the day at $3.0292.

It was another mixed start to the day. EOS fell to an early morning intraday low $2.9560 before making a move.

Steering clear of the first major support level at $2.8319, EOS rallied to a late morning intraday high $3.1603.

EOS broke through the first major resistance level at $3.1288 before falling back to an afternoon low $3.0200.

Steering clear of sub-$3.00 levels, EOS found late support briefly revisit $3.11 levels before wrapping up the day at $3.02 levels.

At the time of writing, EOS was down by 0.48% to $3.0148. A bearish start to the day saw EOS fall from an early morning high $3.0286 to a low $2.9762

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

EOS would need to avoid a fall through the $3.0485 pivot level to support a run at the first major resistance level at $3.1410.

Support from the broader market would be needed, however, for EOS to break back through to $3.10 levels.

Barring another extended crypto rally, the first major resistance level at $3.1410 would likely cap any upside.

Failure to move through the $3.0485 pivot would bring the first major support level at $2.9367 into play.

Barring an extended sell-off, EOS should steer well clear of sub-$2.90 levels and the second major support level at $2.8442.

First Major Support Level: $2.9367

Pivot Level: $3.0485

First Major Resistance Level: $3.1410

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum rose by 0.20% on Wednesday. Reversing a 1.49% fall from Tuesday, Ethereum ended the day at $318.16.

A mixed start saw Ethereum fall to an early morning intraday low $312.66 before finding support.

Steering clear of the first major support level at $306.81, Ethereum rose to an early afternoon intraday high $325.85.

Falling short of the first major resistance level at $327.86, Ethereum fell back to sub-$320 levels before finding late support.

A move back through to $323 levels was brief, however, with Ethereum falling back to sub-$320 late in the day.

At the time of writing, Ethereum was down by 0.35% to $317.06. A bearish start to the day saw Ethereum fall from an early morning high $318.16 to a low $315.38.

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

Story continues

Ethereum would need to move through the $319 pivot to support a run at the first major resistance level at $325.

Support from the broader market would be needed, however, for Ethereum to break back through to $325 levels.

Barring an extended crypto rally, the first major resistance level and Wednesdays high $325.85 should cap any upside.

Failure to move through the $319 pivot would bring the first major support level at $312 into play.

Barring an extended sell-off, however, Ethereum should steer clear of the second major support level at $306.

First Major Support Level: $312

Pivot Level: $319

First Major Resistance Level: $325

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripples XRP rallied by 5.57% on Wednesday. Following on from a 2.67% gain on Tuesday, Ripples XRP ended the day at $0.2437.

A bullish start to the day saw Ripples XRP rally to an early morning high $0.24459 before easing back.

Ripples XRP broke through the first major resistance level at $0.2379 before falling to an afternoon low $0.2369.

Finding late support, however, Ripples XRP rallied to a late intraday high $0.24988. Ripples XRP broke through the first major resistance level and the second major resistance level at $0.2451 before pulling back.

The late pullback saw Ripples XRP fall back through the second major resistance level.

At the time of writing, Ripples XRP was down by 1.48% to $0.24010. A bearish start to the day saw Ripples XRP slide from an early morning high $0.24382 to a low $0.24010.

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

Ripples XRP will need to move back through the $0.2412 pivot to support a run at the first major resistance level at $0.2530.

Support from the broader market would be needed, however, for Ripples XRP to break out from Wednesdays high $0.25049.

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 $0.2622 before any pullback.

Failure to move back through the $0.2412 pivot would bring the first major support level at $0.2320 into play.

Barring an extended crypto sell-off, Ripples XRP should avoid sub-$0.23 levels and the second major support level at $0.2202.

First Major Support Level: $0.2320

Pivot Level: $0.2412

First Major Resistance Level: $0.2530

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

The rest is here:

EOS, Ethereum and Ripples XRP Daily Tech Analysis July 30th 2020 - Yahoo Finance