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EOS Technical  Analysis: EOS/USD breaks out from a bull flag set up

  • EOS seen nursing minor losses in the latter stages of trading on Friday, just over 1%.
  • EOS/USD comfortably supported in its current trend north, as seen on the 4-hour chart.

 

EOS/USD 4-hour chart  


 

Spot rate:                   5.7800

Relative change:       -0.38%

High:                          5.8700

Low:                           5.6610

 

Trend:                        Bearish/Neutral.

 

Resistance  1:            5.9000, resistance on 4-hour chart..

Resistance  2:            6.0200, choppy supply area.

Resistance  3:            6.3045 21 September high.  

Support 1:                 5.6585,  100MA (60-minute).

Support  2:                 5.5548, ascending trend line.

Support  3:                 5.1155, support on 4-hour chart

 

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