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EOS Technical Analysis: EOS/USD pops back into broken ascending channel, hourly close above key for more upside

  • EOS was seen as a dominant force within the crypto market on Thursday, holding onto gains of over 4%.
  • EOS/USD on the 60-minute chart view, manages to sneak back into the breached channel, a hour candle close above would be key for further upside. 
EOS Technical Analysis: EOS/USD pops back into broken ascending channel, hourly close above key for more upside
Ken ChigboKen ChigboIndependent Analyst

EOS/USD 60-minute chart


 


Spot rate:                   4.9190

Relative change:       +4.39%

High:                          4.9499

Low:                           4.6650

Trend:                        Bullish
 

Resistance 1:           4.9499, 50MA. 

Resistance 2:            5.1500, (resistance on 60-minute chart). 

Resistance 3:            5.3652, 22nd August high & supply area. 

Support 1:                  4.8500, 50MA. 

Support  2:                 4.6730, (support on 60-minute chart). 

Support  3:                 4.5782, secondary ascending trend line. 



 

Author

Ken Chigbo

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.

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