EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – August 29th, 2020

[syedrasool2011]

It’s a mixed start to the day for the majors. Avoiding the day’s pivot levels will be key to supporting a 2nd consecutive day in the green.


EOS
EOS rallied by 4.63% on Friday. Reversing a 4.47% slide from Thursday, EOS ended the day at $3.1183.

It was another mixed start to the day. EOS fell to an early morning intraday low $2.9379 before making a move.


Steering clear of the first major support level at $2.8340, EOS rallied to a late afternoon intraday high $3.1778.

EOS broke through the first major resistance level at $3.1358 before falling back to sub-$3.10 levels.

Finding late support, however, EOS moved back through to $3.11 levels to deliver the upside on the day.

At the time of writing, EOS was down by 0.37% to $3.1067. A bearish start to the day saw EOS fall from an early morning high $3.1301 to a low $3.0861.

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

More details: https://www.fxempire.com/forecasts/article/eos-ethereum-and-ripples-xrp-daily-tech-analysis-august-29th-2020-669294