EOS Technical  Analysis: huge game changing descending trend line in the way of big buying

• EOS price seen holding very modest gains of some 0.90% in the latter part of Thursday’s session.
• EOS/USD upside is currently contained by a descending trend line, that has been running since 1st September.

EOS/USD 4-hour chart  

Spot rate:                    5.2554

Relative change:        +0.18%

High:                           5.4144

Low:                            5.1814

Trend:                         Neutral/Bullish

Support 1:                   5.2638, 100MA (4-hour).

Support 2:                  5.2395, ascending trend line, lower part of rising channel.

Support 3:                  5.1800, 50MA (4-hour).

Resistance  1:              5.4000, descending trend line,    

Resistance  2:              5.5500, resistance on 4-hour chart.

Resistance  3:             5.6474, 18th August high.