EOS Technical Analysis: EOS/USD big bull failure, after bullish pennant is bitten area by bears
|- EOS price one of the hardest hit on Wednesday, dropping as much as 12% in the session.
- EOS/USD bulls failed to capitilize on a bullish pennant pattern set up, as bears bite away to send price free-falling.
EOS/USD 60-minute chart
Relative change: -16.11%
High: 6.6000
Low: 5.4000
Trend: Bearish
Support 1: 5.4230, 9th August low.
Support 2: 5.3515, consolidation 28th August, before bull run.
Support 3: 5.1100, bottom area 27th August.
Resistance 1: 5.9100, resistance on 60-minute chart.
Resistance 2: 6.25-6.2800, supply area.
Resistance 3: 6.5000, psychological resistance & 29th August high.
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