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EOS Technical Analysis: EOS/USD failure to reclaim $5 mark, bears bite in attempt to sell rally

  • EOS was seen up a decent 4.5% in the latter stages of trading on Wednesday.  
  • EOS/USD ran into sellers ahead of the $5 mark, in an area that previously acted as support.

 

EOS/USD 60-minute chart


 

Spot rate:                    4.7850

Relative change:        +4.55%

High:                           4.9163

Low:                            4.5619

Trend:                         Bullish
 

Support 1:                   4.7850, 100MA.

Support    2:                  4.5279, 50MA.  

Support    3:                  4.3255, demand zone.  

Resistance 1:             4.9100, supply zone & high of session area.

Resistance 2:             5.1605, (resistance on 60-minute chart).

Resistance 3:             5.3370, supply zone.

 

 

 

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