Search ForexCrunch
  • EOS seen nursing chunky losses of around 8% on Monday, inline with big cooling crypto market price cooling.
  • EOS/USD price came crashing out from a rising channel formation, which has opened the doors to some further potential selling.

 

EOS/USD 4-hour chart  


 

Spot rate:                   4.9780

Relative change:        -8.05%

High:                            5.4785

Low:                            4.8640

 

Trend:                         Bearish

 

Support 1:                   4.7250, demand zone.  

Support    2:                  4.6770, support on 4-hour chart.

Support    3:                  4.6070, 8th September.  

Resistance 1:             5.0650,  underneath broken channel.  

Resistance 2:             5.1500, 50MA (4-hour).  

Resistance 3:             5.4750, supply zone & 100MA.

Expert score

5

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