EOS Technical Analysis: EOS/USD bears are in the drivers seat, set to try and crash through vital life saving support
|- EOS price was hammered on Monday, dropping a chunky 8%.
- EOS/USD bears are in firm control, with weakness seen across the mark
- Downside target looks to be eyed just below $5.54, low seen on 16th March, before big bullish reversal candlestick.
EOS/USD daily chart
Relative change: -8.05%
High: 5.1748
Low: 4.5830
Trend: Bearish.
Support 1: 5.5393, 17th March, prior to big reversal candlestick.
Support 2: 3.8806, long wick seen 18th March, reversal.
Support 3: 3.3927, consolidation area from 4-10 Dec 2017.
Resistance 1: 4.8000-9000, prior demand zone.
Resistance 2: 5.1748, today's (Monday) high.
Resistance 3: 5.3000, (resistance on daily chart).
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