EOS Technical  Analysis: EOS/USD rejection after rejection, bulls just do not have enough momentum for now

• EOS price down over 1% on Wednesday, as the price continues to fail attempt moving above resistance.  
• EOS/USD has faced further rejection by a descending trend line, running since 28th September.  

EOS/USD 60-minute chart  

Spot rate:                   5.5473

Relative change:       -1.20%

High:                          5.6225

Low:                           5.4071

Trend:                        Bearish

Support 1:                  5.5000, support on 60-minute chart.

Support 2:                  5.4000, demand area.  

Support 3:                  5.3254, long wick, low 30 September.  

Resistance  1:             5.6000, descending trend line.

Resistance  2:             5.7645, supply area.

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