- EOS price trading in the red on Tuesday, down over 1% in the latter part of the session.
- Despite the losses been nursed, EOS/USD price action has formed a bullish flag pattern, seen on the 60-minute chart.
- Closely followed Bitcoin developer Jimmy Song, noted in an interview that EOS is a scam. Stating further, “working for something EOS”¦ I don’t think it’s a really idea because it will die in a horrible dumpster fire in the next five years. Doing something for an ICO, that’s not gonna last. You’re not going to have anything good on your record by joining a lot of this stuff.”
EOS/USD 60-minute chart
Chart to follow
Spot rate: 5.5292
Relative change: -1.26%
High: 5.6820
Low: 5.4723
Trend: Bearish
Support 1: 5.5078, lower part of flag.
Support 2: 5.4928, 50MA (60-minute).
Support 3: 5.3801, 100MA (60-minute).
Resistance 1: 5.6190, upper part of flag.
Resistance 2: 5.6806, resistance on 60-minute chart.
Resistance 3: 5.7710, supply area.
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