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  • 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.