EOS Technical  Analysis: EOS/USD looking to shoot higher from a bull flag pattern

• EOS trading with very minor losses in the latter stages of Tuesday’s session, down just 0.2%.
• EOS/USD price action has formed a bullish flag formation, a breakout appear to be in the works.

EOS/USD 60-minute chart  

Spot rate:                   517.1

Relative change:       -2.80%

High:                          532.10

Low:                           516.4

Trend:                        Neutral

Support 1:                 5.8440, 50MA (60-minute) & lower part of bull flag.

Support  2:                 5.7900, support on 60-minute & 100MA.

Support  3:                 5.7000, demand zone.

Resistance  1:            5.9350, upper trend line of bull flag.  

Resistance  2:            5.9612, resistance on 60-minute chart.

Resistance  3:            6.0050, supply area.