EOS Technical Analysis: EOS/USD sees chunky buying, breaking out of range

  • EOS price jumps a chunky 4.5% within just an hour, seen up 2% in the latter stages of trading on Wednesday. 
  • EOS/USD escapes the consolidation range, after enters this from the heavy selling pressure on Monday. 
  • The price is heading towards a retest on top of the breached range bound moving channel. 


EOS/USD 60-minute chart 


Spot rate:                  5.2484

Relative change:      +2.09%

High:                         5.3113

Low:                          5.0844


Trend:                       Neutral


Support 1:                 5.1802, above sideways channel.

Support 2:                 5.1555. 50MA (60-minute). 

Support 3:                 5.0935, lower part of range channel. 

Resistance 1:            5.2809, 100MA (60-minute). 

Resistance 2:            5.4345, resistance (60-minute). 

Resistance 3:            5.5055, supply zone.

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