EOS Technical Analysis: EOS/USD bulls are pilling on the pressure, with another attempt to breakdown key demand zone

• EOS was seen nursing chunky losses of over 4.5% during the late stages of Friday’s session.
• EOS/USD demand zone is gradually being invaded by market bears.

EOS/USD daily chart

Spot rate:                    5.4904

Relative change:        -4.60%

High:                           5.8138

Low:                            5.4000

Trend:                         Bearish
 

Support 1:                  5.4500, entrance of demand zone.

Support 2:                  5.1095,(support on daily).

Support 3:                    3.9417,  18th March low, big shift in trend.

Resistance 1:             6.6000, tracking above descending trend line.

Resistance 2:             7.6927, 50DMA.

Resistance 3:             8.3385, (resistance on daily).