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EOS Technical Analysis: EOS/USD sitting on the edge of a cliff, down 10%

  • EOS price is nursing heavy losses in the session on Thursday, down some 10%.
  • EOS/USD price flirting with the psychological $3 level to the downside.
  • Price is supported by a near-term trend line, if breached, price could free-fall.
EOS Technical Analysis: EOS/USD sitting on the edge of a cliff, down 10%
Ken ChigboKen ChigboIndependent Analyst

EOS/USD 60-minute chart

 

 

Spot rate:                  2.9409

Relative change:      -9.63%

High:                         3.3264

Low:                          2.9100

Trend:                        Bearish

Support 1:                  2.9600, near-term ascending trend line.

Support 2:                  2.8672, 27 November low.

Support 3:                  2.8050, daily pivot point support. 

Resistance 1:             3.1300, 60-minute resistance.

Resistance 2:             3.4011, 28 November high.

Resistance 3:             3.5000, 60-minute resistance.

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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