- EOS consolidates gains in a bearish flag pattern but the trip downstream is far from over.
- The newly released Attic Lab EOS web wallet is fast, secure and simple to use.
EOS is currently consolidating losses in the wake of the declines that have canceled almost all the gains that had been accrued since the mid-August. The buyers embarked on an upward motion towards the end of last month. EOS traded September highs of $6.70 on the first day of the month before correcting lower. The lock-step trading had a strong support above $6.00 prior to the sharp slide last week.
A bearish flag pattern is consolidating the losses with a support established above $4.50. EOS is likely to continue correcting lower unless it can retrace steps above $5.00 in the short-term. The 23.6% Fib retracement between the highs of $6.885 and the lows of $4.144 is offering support while EOS/USD is trading at $4.84. If declines progress below this level, $4.50 will come in handy. Further down, the swing low will halt all breakdowns nearing $4.00.
EOS is among the few coins trading in the green on Wednesday with a subtle 0.27% rise. In other news, Attic Lab is contributing to the growing EOS ecosystem with the release of EOS web wallet. The wallet is simple and is extremely user-friendly because it is intuitive and very fast. It has been developed to provide both protection and security while at the same time, keeping the design as simple as possible. Future updates on the EOS web wallet will include staking and unstaking balance, creating proxy, buying of RAM and creation of accounts.
EOS/USD 4-hour chart 
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