EOS Technical  Analysis: EOS/USD bulls run up huge gains of 10%, catching bears off-guard

• EOS price on Thursday had a large rally of over 10% in the session.
• EOS/USD price action had formed a bearish pennant pattern, of which bulls managed to stop bears from causing further catastrophe.  

EOS/USD 60-minute chart  

Spot rate:                   5.4415

Relative change:        +10.12%

High:                           5.5549

Low:                            4.9279

Trend:                         Bullish

Resistance 1:             5.5500,  session (Thursday) high & supply zone.

Resistance 2:             5.6662, consolidation area 5 September, before further pressure.

Resistance 3:             5.9000,  supply zone & resistance on 60-minute chart.

Support 1:                   5.3210, support on 60-minute chart.

Support    2:                  4.9630, on top of broken pennant & 100MA.

Support    3:                  4.8000, demand zone.