RATE Group | EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 31/01/20
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EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 31/01/20

02 Feb EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 31/01/20

Posted at 00:02h in Ethereum News by

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EOS

EOS rallied by 9.06% on Thursday. Reversing a 2.17% slide from Wednesday, EOS ended the day at $4.3229.

A bearish start to the day saw EOS fall to an early morning intraday low $3.8932 before making a move.

EOS fell through the first major support level at $3.9049 before rallying to late intraday high $4.3918.

The rally saw EOS break through the major resistance levels of the day before easing back through the third major resistance level at $4.3573.

At the time of writing, EOS was up by 0.11% to $4.3276. Tracking the broader market, EOS rose to an early morning high $4.3696 before falling to a low $4.2843.

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

For the day ahead

EOS would need to move Thursday’s high to $4.3918 levels to support a run at the first major resistance level at $4.5121.

Support from the broader market would be needed, however, for EOS to break out from the morning high $4.3696.

Barring an extended crypto rally, EOS would likely come up short of…

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