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  • EOS price trades up with minor gains of 0.30% in the late part of Tuesday’s session.  
  • Despite trading marginally in positive territory, $5 could still be at threat by bears.
  • Vital near-term demand zone tracks from $5.10 down to the  psychological  $5.00 mark.  

 

EOS/USD 4-hour chart  


 

Spot rate:                   5.12900

Relative change:       +0.31%

High:                          5.1873

Low:                           5.0816

 

Trend:                        Bearish

 

Resistance:                5.3120, resistance (4-hour).

Resistance:                5.4000, upper part of triangular pattern & 50MA.

Resistance:                5.4419, 100MA (4-hour).

Support 1:                  5.0915, lower part triangle.

Support  2:                  5.0525, demand zone.

Support  3:                  5.0144, 11-12 October low.