EOS Technical Analysis: EOS/USD price action is as exciting as watching paint dry, narrow range for the past 7 sessions, bearish flag eyed, breakout south may be around the corner

• EOS was seen nursing minor losses on Monday around 0.8%, with the crypto price cooling still seen across the board.
• EOS/USD price action has been very much narrow for the past going on 7 sessions.
• The recent price behaviour has formed somewhat of a bearish flag pattern, seen on the 60-minute chart.

EOS/USD 60-minute chart

Spot rate:                                    6.9782

Relative change:               -0.80%

High:                                                   7.1614

Low:                                                      6.9337

Trend:                                                 Bearish

Support 1:                                  6.9090, demand zone.

Support 2:                                    6.8268, 1st August low.

Support 3:                                    6.6000, (support on 60-minute chart).

Resistance  1:                          7.0055, 50MA.

Resistance 2:                          7.0535, 100MA.

Resistance 3:                          7.4094, (resistance on 60-minute chart).