EOS (EOS/USD) Technical Analysis: Downside Pressure Capped for Now, Here is Why
|- The EOS price seen down a minor 0.6% in the session on Friday, $5 area still at jeopardy.
- EOS/USD downside pressure is being capped for now, price supported by a near-term ascending trend line.
- The line of support has been running since 12th October, coming into contact on 15th and 19th.
EOS/USD 60-minute chart
Spot rate: 5.4206
Relative change: -0.65%
High: 5.4838
Low: 5.3290
Trend: Bearish/Neutral
Support 1: 5.3770, ascending trend line.
Support 2: 5.1622, support on 60-minute chart.
Support 3: 5.0000, 12th October low.
Resistance 1: 5.5018, 50MA 100MA (60-minute).
Resistance 2: 5.6415, supply zone.
Resistance 3: 5.7900, resistance on 60-minute.
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