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

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  • 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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