EOS Technical Analysis: EOS/USD could drop another $1 at least before any correction.

• EOS trading down on Thursday 3% in the latter part of the session.
• EOS/USD trading within a bearish pennant, this can be witnessed across a number of its peers also, seemingly being the technical structure theme today – Thursday.  
• Given the above, there is room for another hard fall, if going by the length of the pennant pole, which is around $1.
• Another potential $1 fall could see EOS/USD down at $2.70-60.

EOS/USD 60-minute chart  

Spot rate:                   3.7368

Relative change:       -3.01%

High:                          3.9084

Low:                           3.6834

Trend:                         Bearish

Support 1:                  3.7130 , lower part of pennant.  

Support  2:                   3.4703, 20th November low.

Support  3:                   2.9930,  weekly support

Resistance  1:              3.8607, upper  part of pennant.

Resistance  2:              3.9272,  60-minute resistance.

Resistance  3:              4.2669, 20th November high.