EOS Technical Analysis: EOS/USD sitting on the edge of a cliff, down 10%

• EOS price is nursing heavy losses in the session on Thursday, down some 10%.
• EOS/USD price flirting with the  psychological  $3 level to the downside.
• Price is supported by a near-term trend line, if breached, price could free-fall.

EOS/USD 60-minute chart

Spot rate:                   2.9409

Relative change:       -9.63%

High:                          3.3264

Low:                           2.9100

Trend:                         Bearish

Support 1:                   2.9600, near-term ascending trend line.

Support 2:                   2.8672, 27 November low.

Support 3:                   2.8050, daily pivot point support.  

Resistance 1:              3.1300, 60-minute resistance.

Resistance  2:              3.4011, 28 November high.

Resistance  3:              3.5000, 60-minute resistance.