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


 


Spot rate:                   4.6574

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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