EOS Technical  Analysis: EOS/USD price action has formed a worrying pattern, which looks very vulnerable

• EOS is seen nursing minor losses on Wednesday of 0.55% in the latter stages of the trading session.
• EOS/USD price action has formed triangular pattern, subject to a breakout to the downside.

EOS/USD 60-minute chart  

Spot rate:                   4.9481

Relative change:        -0.76%

High:                           4.9967

Low:                            4.7700

Trend:                         Bearish

Support 1:                   4.9267, 50 & 100MA.

Support    2:                  4.8015, lower part of triangular pattern.

Support    3:                  4.7670, demand zone.

Resistance 1:              5.0000, upper part of triangular pattern.

Resistance 2:             5.1065, supply area.

Resistance 3:             5.3135,  7th September high.