EOS Technical Analysis: EOS/USD rockets to highest level in over 3 weeks, best consecutive run since July

• EOS price is a big out performer on Wednesday, running away with gains over 4%.
• EOS/USD bulls have extended their daily run to three consecutive sessions.
• Best run of consecutive gains seen since mid-July, as price makes good ground after ascending channel breakout.

EOS/USD 60-minute chart

Spot rate:                    6.1906

Relative change:        +4.67%

High:                           6.5000

Low:                            5.7892

Trend:                         Bullish

Resistance 1:              6.5544, 50DMA.

Resistance 2:             6.8896, former big demand area, now resistance on daily.

Resistance 3:             9.0000,  resistance on 60-minute chart.

Support 1:                   5.3758, former top area 20-22 August.  

Support    2:                  4.9109, above broken channel.  

Support    3:                  4.6730, support on daily chart.