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thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

Source: www.crowdfundinsider.com

Author: Omar Faridi


EOS, Ethereum and Ripple’s XRP - Daily Tech Analysis – 10/05/20

EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 10/05/20

EOS tumbled by 11.0% on Sunday. Following a 0.03% gain on Saturday, EOS ended the week down 13.83% to $2.4471.

It was a particularly bearish start to the day. EOS tumbled from an early morning intraday high $2.7506 to a 1st-hour intraday low $2.2606.

The meltdown saw EOS slide through the major support levels before recovering to $2.49 levels by mid-morning.

Falling short of the third major support level at $2.5698, EOS slid back to $2.30 levels before finding late support.

At the time of writing, EOS was up by 0.20% to $2.4521. A mixed start to the day saw EOS rise to an early morning high $2.4811 before falling to a low $2.4405.

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

EOS would need to move through to $2.49 levels to bring the first major resistance level at $2.7116 into play.

Support from the broader market would be needed, however, for EOS to break out from the morning high $2.4811.

Barring an extended crypto rebound, resistance at $2.50 would likely leave EOS short of the first major support level.

Failure to move back through to $2.49 levels would see EOS slide into the red.

A fall through the morning low $2.4405 would bring the first major support level at $2.2216 into play.

Barring another extended crypto sell-off, however, EOS should steer clear of sub-$2.20 levels.

Major Support Level: $2.2216

Major Resistance Level: $2.7116

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum tumbled by 10.63% on Sunday. Following on from a 0.78% decline on Saturday, Ethereum ended the week down 10.71% to $187.73.

Tracking the broader market, Ethereum slid from an intraday high $210.06 to a 1st-hour intraday low $180.01.

Ethereum fell through the major support levels before briefly recovering to $193 levels.

Falling short of the third major support level at $197.98, Ethereum fell back to $180 levels before finding late support.

At the time of writing, Ethereum was up by 0.86% to $189.34. A bullish start to the day saw Ethereum rise from an early morning low $187.65 to a high $191.23.

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

Ethereum would need to move through to $192.60 levels to bring the first major resistance level at $205.19 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $191.23.

Barring a broad-based crypto rebound, resistance at $200 would likely pin Ethereum back on the day.

Failure to move back through to $192.60 levels could see Ethereum fall back into the red.

A fall back through the morning low $187.65 would bring the first major support level at $175.14 into play.

Barring another extended sell-off, however, Ethereum should avoid sub-$180 levels.

Major Support Level: $175.14

Major Resistance Level: $205.19

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP slid by 8.68% on Sunday. Following on from a 0.97% decline on Saturday, Ripple’s XRP ended the week down 10.06% to $0.19721.

The Sunday meltdown saw Ripple’s XRP slide from an intraday high $0.21622 to a 1st-hour intraday low $0.17501.

Ripple’s XRP slid through the major support levels before briefly revisiting $0.20 levels by mid-morning.

The partial recovery saw Ripple’s XRP move back through the third major support level at $0.1999 before sliding back to sub-$0.19 levels.

Finding support from the broader market, however, Ripple’s XRP wrapped up the day at $0.19 levels.

At the time of writing, Ripple’s XRP was down by 0.16% to $0.19689. A mixed start to the day saw Ripple’s XRP rise from an early morning low $0.19682 to a high $0.20000.

Ripple’s XRP left the major support and resistance levels untested early on.

Ripple’s XRP will need to move back through to $0.20 levels to bring the first major resistance level at $0.2173 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.20000.

Barring an extended crypto rebound, resistance at $0.20000 would likely leave Ripple’s XRP short of the major resistance levels.

Failure to move back through to $0.20 levels could see Ripple’s XRP fall deeper into the red.

A fall through the morning low $0.19682 would bring sub-$0.0.19 levels into play before any recovery.

Barring another crypto meltdown, however, Ripple’s XRP should steer clear of the first major support level at $0.1761.

Major Support Level: $0.1761

Major Resistance Level: $0.2173

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

Source: www.fxempire.com

Author: Bob Mason57 minutes ago (May 11, 2020 03:44 AM GMT)


Ethereum Falls 11% In Selloff |

Ethereum Falls 11% In Selloff |

Published by FNet Club on 10/05/202010/05/2020

Investing.com – Ethereum was trading at $113.30 by 17:26 (22:26 GMT) on the Investing.com Index on Saturday, down 10.60% on the day. It was the largest one-day percentage loss since November 20.

The move downwards pushed Ethereum’s market cap down to $11.68B, or 9.23% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $135.58B.

Ethereum had traded in a range of $113.29 to $129.34 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 35.21%. The volume of Ethereum traded in the twenty-four hours to time of writing was $1.68B or 13.15% of the total volume of all cryptocurrencies. It has traded in a range of $113.2926 to $182.0708 in the past 7 days.

At its current price, Ethereum is still down 92.04% from its all-time high of $1,423.20 set on January 13.

Bitcoin was last at $3,885.1 on the Investing.com Index, down 14.00% on the day.

XRP was trading at $0.37811 on the Investing.com Index, a loss of 9.59%.

What cryptocurrency will become the main one in a year?
BitcoinEthereum

Bitcoin’s market cap was last at $67.62B or 53.46% of the total cryptocurrency market cap, while XRP’s market cap totaled $15.17B or 11.99% of the total cryptocurrency market value.

Source: finance.yahoo.com

Source: http://futureneteam.biz/ethereum-falls-11-in-selloff/

Source: zephyrnet.com

Author: Published 7 hours ago on May 10, 2020


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