EOS Technical Analysis: EOS/USD failure to reclaim $5 mark, bears bite in attempt to sell rally
- EOS was seen up a decent 4.5% in the latter stages of trading on Wednesday.
- EOS/USD ran into sellers ahead of the $5 mark, in an area that previously acted as support.
EOS/USD 60-minute chart
Spot rate: 4.7850
Relative change: +4.55%
High: 4.9163
Low: 4.5619
Trend: Bullish
Support 1: 4.7850, 100MA.
Support 2: 4.5279, 50MA.
Support 3: 4.3255, demand zone.
Resistance 1: 4.9100, supply zone & high of session area.
Resistance 2: 5.1605, (resistance on 60-minute chart).
Resistance 3: 5.3370, supply zone.
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Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
