EOS Technical  Analysis: EOS/USD vigoursly retests underneath broken rising channel, doors to further selling open

• EOS price has been very much choppy on Wednesday, nursing minor losses of some 0.6%.
• EOS/USD price action has been vigorously moving underneath and retesting a broken ascending channel.  

EOS/USD 4-hour chart  

Spot rate:                    5.0349

Relative change:        -0.61%

High:                           5.2255

Low:                            4.9065

Trend:                         Bearish/Neutral

Support 1:                  4.9404, support on 4-hour chart.  

Support 2:                  4.6638, 8 & 17 September low area.  

Support 3:                  4.5127, demand area.

Resistance  1:             5.1340, underneath broken channel & 50MA (4-hour).

Resistance  2:             5.3355,  100MA (4-hour).

Resistance  3:             5.6293, upper trend line of channel.