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 rose by 0.03% on Saturday. Following a 0.64% decline on Friday, EOS ended the day at $2.7514.

A bearish start to the day saw EOS fall to an early morning intraday low $2.7328 before making a move.

Steering clear of the first major support level at $2.6918, EOS recovered to $2.81 levels before falling back to $2.73 levels.

Finding support in the afternoon, however, EOS rallied to a late afternoon intraday high $2.8343.

EOS broke through the first major resistance level at $2.8165 before sliding back to $2.75 levels late in the day.

At the time of writing, EOS was down by 10.39% to $2.4655. An early morning sell-off saw EOS fall from a high $2.7506 to a low $2.2606.

Steering clear of the major resistance levels, EOS fell through the major support levels at the start of the day.

EOS would need to move back through major support levels to $2.77 levels to bring the first major resistance level at $2.8129 into play.

Support from the broader market would be needed, however, for EOS to break out from the first major support level at $2.7114.

Barring a broad-based crypto rebound, the first major support level at $2.7114 would likely pin EOS back.

Failure to move back through to $2.77 levels would see EOS remain in the deep red.

A fall through the morning low $2.2606 would bring sub-$2.20 levels into play.

Barring an extended crypto sell-off, however, EOS should avoid a fall back through the morning low.

Major Support Level: $2.7114

Major Resistance Level: $2.8129

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum fell by 0.78% on Saturday. Following on from a 0.43% decline on Friday, Ethereum ended the day at $210.00.

It was also a mixed start to the day. Ethereum fell to an early low $209.25 before striking an early morning intraday high $214.79.

Falling short of the first major resistance level at $216.66, Ethereum fell to a late morning intraday low $208.27.

Steering clear of the major support level at $206.86, Ethereum recovered to $214 levels before easing back.

At the time of writing, Ethereum was down by 9.95% to $189.11. A particularly bearish start to the day saw Ethereum fall from an early morning high $210.06 to a low $180.01.

Steering clear of the major resistance levels, Ethereum fell through the major support levels at the start of the day.

Ethereum would need to move back through the major support levels to $211 levels to bring the first major resistance level at $213.77 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the first major support level at $207.25.

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

Failure to move back through to $211 levels could see Ethereum remain in the deep red.

A fall back through the morning low $180.01 would bring sub-$180 levels into play before any recovery.

Barring an extended sell-off, however, Ethereum should avoid a return to the early low $180.01.

Major Support Level: $207.25

Major Resistance Level: $213.77

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP fell by 0.97% on Saturday. Following on from a 0.05% decline on Friday, Ripple’s XRP ended the day at $0.21636.

It was a mixed start to the day. Ripple’s XRP recovered from an early morning low $0.21663 to strike a mid-morning intraday high $0.22506 before hitting reverse.

Steering clear of the major support levels, Ripple’s XRP broke through the first major resistance level at $0.2226.

The reversal saw Ripple’s XRP fall to a late intraday low $0.21554 before wrapping up the day at $0.2160 levels. Ripple’s XRP steered clear of the first major support level at $0.2145 late on.

At the time of writing, Ripple’s XRP was down by 9.07% to $0.19673. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.21622 to a low $0.17501.

Steering clear of the major resistance levels, Ripple’s XRP slid through the major support levels early on.

Ripple’s XRP will need to move back through the first major support level at $0.2129 to $0.22 levels to bring the first major resistance level at $0.2224 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from the second major support level at $0.2095.

Barring a broad-based crypto rebound, the second major support level at $0.2095 would likely limit any recovery on the day.

Failure to move through to $0.2190 levels could see Ripple’s XRP remain in the deep red.

A fall through the morning low 0.17501 would bring sub-$0.17 levels into play.

Barring an extended crypt meltdown, however, Ripple’s XRP should avoid a return to sub-$0.18 levels.

Major Support Level: $0.2129

Major Resistance Level: $0.2224

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

  • EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 09/05/20
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Source: finance.yahoo.com

Author: Bob Mason


Ethereum [ETH] Prices Drop Beneath $200 After Major Bitcoin [BTC] Sell-Off

Ethereum [ETH] Prices Drop Beneath $200 After Major Bitcoin [BTC] Sell-Off

  • Ethereum prices dropped by a total of 10% as it falls to the $190 level.
  • This price drop is largely a result of the BTC price fall.
  • Ethereum dropped by a total of 10% today as the cryptocurrency dropped beneath the $200 level and reached the $190 mark. The cryptocurrency was previously trading above $210 but with BTC breaking back beneath $9,000 today the market started to drop aggressively.

    During the sell-off, Ethereum managed to find support at the 100-days EMA at around $180 where it managed to rebound and reach $190. 

    ETH/USD – Daily CHART – SHORT TERM

    Taking a look at the daily chart above, we can see that ETH had reached a high of around $220 during May 2020 and was unable to break above this level. It dropped into $200 during the first week of May but quickly recovered as it headed back above $210. 

    However, when BTC dropped today, we can see that ETH also suffered heavily. It plummetted beneath the $200 level and dropped as low as $180 where it found support at the 100-days EMA. It rebounded higher from here to trade at the $190 level.

    The drop back beneath $200 has now turned Ethereum neutral. The cryptocurrency would have to climb above $220 to turn bullish again. A closing candle beneath $180 would likely turn Ethereum bearish in the short term.

    If the sellers do push lower, the first level of support is located at $180 (100-days EMA). Beneath this, support lies at $175 (.382 Fib Retracement), $159 (.5 Fib Retracement), and $150.

    On the other side, if the bulls regroup and push higher, resistance lies at $190, $200, and $210. Above this added resistance is found at $218 (bearish .786 Fib Retracement), $225, $230, and $235 (bearish .886 Fib Retracement).

    Key Levels

    Support:  $190, $180, $176, $170, $160, $159, $150.

    Resistance: $190, $200, $210, $218, $223, $235, $240, $250.

    Summary

    Ethereum [ETH] Prices Drop Beneath $200 After Major Bitcoin [BTC] Sell-Off

    Article Name

    Ethereum [ETH] Prices Drop Beneath $200 After Major Bitcoin [BTC] Sell-Off

    Description

    Ethereum prices dropped by a total of 10% as it falls to the $190 level. This price drop is largely a result of the BTC price fall.

    Author

    Publisher Name

    Publisher Logo

    Yaz is a cryptocurrency technical analyst and has been actively trading financial markets for over 7years, with 4 years of crypto experience. He is an Economics graduate who has taken a keen interest on the future potentials of blockchain in the financial industry. Aside from cryptocurrency and trading Yaz enjoys spending his time watching his favourite football team (Liverpool F.C.) compete as well as keeping up-to-date with the UFC. Follow him at @TcmYaz.

    Source: coingape.com


    Week in Ethereum News<BR> May 10, 2020″ title=”Week in Ethereum News<BR> May 10, 2020″ style=”width:697px” /></p>
<h1><span id=Week in Ethereum News
    May 10, 2020

    Eth1

    • Step by step guide to running a Hyperledger Besu node on mainnet
    • Nethermind v1.18.30 query the chain and trace transactions within minutes with Beam sync
    • A primer on block witnesses
    • Installation guide to running eth1 nodes (or eth2 testnet) on RaspberryPi4

    Celer has just released a new state channel mainnet upgrade enabling everyone to easily run a layer-2 state channel node and to utilize the low-cost and real-time transactions enabled by Celer. Game developers with no blockchain knowledge today monetize their games through CelerX gaming SDK that leverages the underlying layer-2 scaling technology with ease. Celer has also released the world’s first skill-based real money game apps where players can join multi-player game tournaments and win cryptocurrency prizes, Follow us on twitter, blog, discord and telegram.

    Eth2

    • Danny Ryan’s latest quick eth2 update – bug bounties doubled, latest IETF BLS standard
    • PegaSys’s Teku client is now syncing the Schlesi testnet – which has been much more stable than expected
    • Latest Prysmatic client update – reducing RAM usage, slashing protection
    • SigmaPrime’s Beacon fuzzer update, struct-aware, bugs found in Teku and Nimbus
    • Latest Eth2 networking call, gossipsub v1.1. Ben’s notes
    • Python notebook to simulate a network partition
    • Apostille, an Eth1x64 variant
    • Scoping what is necessary to port eth1 to an eth2 shard and turn off proof of work

    Layer2

    What future awaits cryptocurrencies?
    GOODBAD
    • Demo of Synthetix on the OVM includes paper trading competition with 50k SNX prizepool. The details of how the Optimistic Virtual Machine enables EVM-in-EVM
    • Gods Unchained building an NFT exchange with StarkWare
    • Exit games in state channels
    • Celer Network’s Orion upgrade makes it easy to run a state channel node

    Stuff for developers

    • Solidity v0.6.7, EIP165 (standard interface detection) support. Also survey results on what devs love and hate about Solidity
    • Solhint v3 – Solidity linter removes styling rules and recommends prettier Solidity instead
    • Open Zeppelin ethers.js based console
    • Etherplex: batch multiple JSON RPC calls into single call
    • Time-based Solidity tests with Brownie
    • MythX now has 46 detectors
    • Quiknode has an online tool to test endpoints
    • Reading Eth price from Maker’s medianizer v1
    • Build an app with Sablier’s constant streaming tutorial
    • Building a bot using MelonJS to automate your Melon fund
    • StarkWare found a vulnerability in Loopring’s frontend where passwords were being hashed to only 32 bit integers

    Ecosystem

    • A chart of ETH issuance over time. The best I’ve seen
    • Ethereum Foundation’s q1 grants list
    • A guide to bulk renewing your ENS names
    • ethereum.org looking for Vietnamese, Thai, Danish, Norwegian, Hungarian, Finnish, or Ukranian translators
    • A review of hardware for eth staking

    Enterprise

    • PegaSys’s Hyperledger Besu suite available on Azure Marketplace and Microsoft’s blockchain devkit now supports Besu
    • Quorum v2.6 – breaking database schema changes, update to geth v1.9.x

    Governance, DAOs, and standards

    • How to start a MolochDAO
    • Options for delegated voting in KyberDAO
    • EIP2633: Formalized upgradable governance
    • EIP2628: Header in StatusMessage

    Application layer

    • Use POAP for sybil-resistant voting or to determine Discord channel access
    • Yield: a revised implementation of Dan Robinson’s yTokens for fixed rate, fixed term loans that give a yield curve
    • Comparing total value locked in DeFi to unique active addresses
    • 75 interesting uses of social money by Roll
    • Personal tokens were the topic du jour, check out this overview from Dan Finlay
    • Strike: perpetual swaps with 20x leverage

    Tokens/Business/Regulation

    • Nic Carter: are stablecoins parasitic or beneficial?
    • OpenRaise: a continuous offering fundraiser for DAOs
    • dxDAO’s kickstarter using OpenRaise sold out before public announcement – though the curve is still live, plus a secondary Uniswap market

    General

    • Aggregatable Subvector Commitments, the future may not involve Merkle trees
    • This week, Ethereum mined its 10 millionth block.
    • Here’s MyCrypto’s history of Eth hard forks to celebrate 10m blocks
    • IPFS releases Testground suite for p2p networking tests
    • PayPal blocked tokenized real estate startup RealT despite a lack of chargebacks, so they’re switching to Wyre

    Permalink: https://weekinethereumnews.com/week-in-ethereum-news-may-10-2020/

    Upcoming dates of note (new/changes in bold):

    • May 11 – RAC’s $TAPE
    • May 12 – MakerDAO Sai shutdown deadline
    • May 22-31 – Ethereum Madrid public health virtual hackathon
    • May 29-June 16 – SOSHackathon
    • June 17 – EthBarcelona R&D workshop

    Source: weekinethereumnews.com


    Ethereum bot telegram

    Ethereum bot telegram

    Source: frutaseladio.com


    Chainlink price prediction 2021

    Chainlink price prediction 2021

    Source: rsls.ru


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

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