EOS (EOS/USD) Technical Analysis: Downside Pressure Capped for Now, Here is Why

• The EOS price seen down a minor 0.6% in the session on Friday, $5 area still at jeopardy.  
• EOS/USD downside pressure is being capped for now, price supported by a near-term ascending trend line.
• The line of support has been running since 12th October, coming into contact on 15th and 19th.  

EOS/USD 60-minute  chart  

Spot rate:                   5.4206

Relative change:       -0.65%

High:                          5.4838

Low:                           5.3290

Trend:                        Bearish/Neutral

Support 1:                 5.3770, ascending trend line.

Support  2:                 5.1622,  support on 60-minute chart.

Support  3:                 5.0000, 12th October low.

Resistance  1:            5.5018, 50MA 100MA (60-minute).  

Resistance  2:            5.6415, supply zone.

Resistance  3:            5.7900, resistance on 60-minute.