- EOS seen nursing chunky losses of around 8% on Monday, inline with big cooling crypto market price cooling.
- EOS/USD price came crashing out from a rising channel formation, which has opened the doors to some further potential selling.
EOS/USD 4-hour chart
Spot rate: 4.9780
Relative change: -8.05%
High: 5.4785
Low: 4.8640
Trend: Bearish
Support 1: 4.7250, demand zone.
Support 2: 4.6770, support on 4-hour chart.
Support 3: 4.6070, 8th September.
Resistance 1: 5.0650, underneath broken channel.
Resistance 2: 5.1500, 50MA (4-hour).
Resistance 3: 5.4750, supply zone & 100MA.
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