EOS Technical Analysis: EOS descending wedge subject to an imminent breakout

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  • EOS price nursing minor losses of just 0.4% in the session on Tuesday.
  • EOS/USD moving within descending wedge pattern, subject to a breakout. 

 

EOS/USD 60-minute chart 


 

Spot rate:                  5.4420

Relative change:      -0.40%

High:                         5.5356

Low:                          5.4135

 

Trend:                       Bearish

 

Support 1:                 5.4135, lower part of wedge.

Support 2:                 5.3820, demand area.

Support 3:                 5.3255, 19 October low.

Resistance 1:            5.4482, upper part of wedge. 

Resistance 2:            5.5000, resistance on 60-minute.

Resistance 3:            5.5780, supply zone.

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