EOS Technical Analysis: EOS/USD bulls lose momentum this afternoon on Wednesday and is caught from further fall in top of wedge pattern previously broken

• EOS suffered halfway through the session on Wednesday, dropping almost 6%.
• The falling price was caught just on top of a wedge pattern previously broken.
• EOS/USD heading back towards a supply zone that was cleared by the bulls, support likely to be seen here now, between $13.10-12.65.

EOS/USD 60-minute chart

Spot rate:                                     13.38

Relative change:            -5.54%

High:                                                   14.30  

Low:                                                       13.31

Trend:                                                 Bearish

Support 1:                                   13.30, 50MA.

Support 2:                                     13.10, potential demand zone.

Support 3:                                     12.65, (support on 60-minute chart).

Resistance 1:                           13.75, 50MA.

Resistance 2:                           14.10, 100MA.

Resistance 3:                           14.50, (resistance on 60-minute chart).