Home EOS Cash Technical Analysis: EOS/USD the bears are waving their warning flags, vulnerabilities for the price remain

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EOS Cash Technical Analysis: EOS/USD the bears are waving their warning flags, vulnerabilities for the price remain

FX Street

Updated: 14 Aug. 2018 | 20:18

EOS was seen down just shy of 6% on Tuesday, no slowdown of bearish pressure.
EOS/USD price action has consolidated somewhat since the lows during the Asian session, however a bear flag has formed.

EOS/USD 30-minute chart

Spot rate: 4.3160

Relative change: -5.75%

High: 4.5879

Low: 4.1778

Trend: Bearish.

Support 1: 4.2744, lower part of bear flag.

Support 2: 4.1778, today’s (Tuesday) low.

Support 3: 3.8806, vital near-term support.

Resistance 1: 4.4000, upper part of flag.

Resistance 2: 4.4439, 50MA.

Resistance 3: 4.7636, 100MA.

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