- cEOS price late on Friday, trading marginally in the green, holding gains of 1%.
- EOS/USD like many of its peers, is moving within a pennant pattern, subject to a break lower.
- As covered in the previous article, there is room for at least one more chunky drop.
EOS/USD 4-hour chart
Spot rate: 3.5700
Relative change: +1.05%
High: 3.7468
Low: 3.4111
Trend: Bearish
Support 1: 3.5202, lower part of pennant.
Support 2: 3.4698, 4-hour support.
Support 3: 3.4111, session low.
Resistance 1: 3.6545, upper part of pennant.
Resistance 2: 4.2505, 4-hour resistance.
Resistance 3: 4.8129, 16 November high.
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