EOS Technical  Analysis: EOS/USD bulls losing momentum, due to a big barrier in the way

• EOS price seen trading up with gains of over 4% in the latter part of the session on Monday.
• EOS/USD price action is looking set to narrow again, after the excessive upside moves seen.  

EOS/USD 4-hour chart  

Spot rate:                   5.5590

Relative change:        +4.65%

High:                          6.1038

Low:                           5.1496

Trend:                        Bullish

Resistance  1:            5.6742, descending trend line.

Resistance  2:            5.8225, resistance on 4-hour chart.

Resistance  3:            6.0000, supply zone.

Support 1:                 5.5000, support on 4-hour chart.  

Support  2:                 5.2180, ascending trend line.

Support  3:                 5.0250, demand area.