EOS Technical Analysis: EOS/USD $5 mark at jeopardy of being lost

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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.

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