EOS Technical  Analysis: EOS/USD channel to the skies or down under?

• EOS was seen trading down some 1.60% in the latter stages of trading on Wednesday.  
• EOS/USD is moving within an ascending channel to the north. However, such pattern can be subject to a breakout to the downside at some point.  
• The price was subject to some touted profit-taking, as seen across the board.  

EOS/USD 4-hour  chart  

Spot rate:                   .5.6759

Relative change:       -1.77%

High:                          5.8377

Low:                           5.6210

Trend:                        Bearish

Support 1:                 5.5640, lower trend line of channel.

Support  2:                 5.4157, 50 & 100MAs (4-hour).

Support  3:                 5.2751, 3 November low.  

Resistance  1:            5.8090, upper part of channel.

Resistance  2:            5.8377, session high (Wednesday) & resistance.

Resistance  3:            6.0000, psychological level & supply area.