EOS Technical Analysis: EOS/USD in a steep channel to the burning south
|- EOS price nursing losses of over 5% in the session on Friday, as the market further cools.
- EOS/USD is moving lower within a very steep channel pattern formation, as seen via the 60-minute chart view.
- Pressure intensified after a break of a near-term support area was seen at the back-end of the session on Thursday, as covered in the last article, read more.
ETH/USD 60-minute chart
Spot rate: 2.8711
Relative change: -5.61%
High: 3.0775
Low: 2.8104
Trend: Bearish
Support 1: 2.8671, 27 November low.
Support 2: 2.8088, 60-minute support.
Support 3: 2.7268, lower part of channel.
Resistance 1: 3.0765, 60-minute resistance.
Resistance 2: 3.1815, upper part of channel.
Resistance 3: 3.4000, 28 November high.
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