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EOS Technical Analysis: EOS descending wedge subject to an imminent breakout

  • EOS price nursing minor losses of just 0.4% in the session on Tuesday.
  • EOS/USD moving within descending wedge pattern, subject to a breakout.  

 

EOS/USD 60-minute  chart  


 

Spot rate:                   5.4420

Relative change:       -0.40%

High:                          5.5356

Low:                           5.4135

 

Trend:                        Bearish

 

Support 1:                  5.4135, lower part of wedge.

Support  2:                  5.3820, demand area.

Support  3:                  5.3255, 19 October low.

Resistance  1:             5.4482, upper part of wedge.  

Resistance  2:             5.5000, resistance on 60-minute.

Resistance  3:             5.5780, supply zone.

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