EOS Technical Analysis: EOS/USD bulls run up huge gains of 10%, catching bears off-guard
|- EOS price on Thursday had a large rally of over 10% in the session.
- EOS/USD price action had formed a bearish pennant pattern, of which bulls managed to stop bears from causing further catastrophe.
EOS/USD 60-minute chart
Relative change: +10.12%
High: 5.5549
Low: 4.9279
Trend: Bullish
Resistance 1: 5.5500, session (Thursday) high & supply zone.
Resistance 2: 5.6662, consolidation area 5 September, before further pressure.
Resistance 3: 5.9000, supply zone & resistance on 60-minute chart.
Support 1: 5.3210, support on 60-minute chart.
Support 2: 4.9630, on top of broken pennant & 100MA.
Support 3: 4.8000, demand zone.
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