EOS Technical  Analysis: EOS/USD may have one more little push higher before plummeting into a black hole

• EOS price took further beats on Friday, from the already fired up group of bears.
• EOS/USD price action has formed some what of a bearish pennant, the range-bound movement suggest a breakout could be near.

EOS/USD 60-minute chart

Spot rate:                    5.0517

Relative change:        -3.43%

High:                           5.3299

Low:                            4.9071

Trend:                         Bearish

Support 1:                  4.9276, lower part of pennant.  

Support    2:                 4.9056,  6 September low.

Support    3:                 4.8400, 26 August low.

Resistance 1:              5.2200, 50MA.

Resistance 2:             5.2850, top part of pennant pattern.  

Resistance 3:             5.4200, small consolidation area 5 September.