EOS Technical Analysis: EOS/USD moving within a descending wedge pattern

FX Street

Updated: 26 Oct. 2018 | 21:08

EOS price on Friday seen trading marginally in the green up just some 0.10%.
EOS/USD price action is bouncing within a descending wedge pattern, subject to a breakout higher.

EOS/USD 60-minute chart

Spot rate: 5.4336

Relative change: +0.10%

High: 5.5097

Low: 5.3807

Trend: Neutral

Support 1: 5.4035, lower part of wedge.

Support 2: 5.3700, demand area.

Support 3: 5.3278, 19 October low.

Resistance 1: 5.4431, 50MA.

Resistance 2: 5.4600, 100MA.

Resistance 3: 5.4880, upper part of wedge.

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