EOS Technical Analysis: EOS/USD bullish pattern is closely eyed with bulls looking to break out of cage with greater momentum

  • EOS price seen holding modest gains of just over 0.5% in the latter stages of trading on Tuesday.
  • EOS/USD bulls are contained for the moment, within this bullish pennant pattern.


EOS/USD 4-hour chart

 Spot rate:                  6.5100

Relative change:       +0.61%

High:                          6.6904

Low:                           6.3186


Trend:                        Neutral


Resistance 1:            6.6055, upper part of pennant pattern.

Resistance 2:            6.7342, 3rd September high.

Resistance 3:            6.8307, supply area & 1st September high.

Support 1:                  6.3155, lower part of pennant and demand area.

Support  2:                 6.3120, double bottom area 2nd & 4th September.

Support  3:                 6.2515, demand zone. 


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