EOS Technical  Analysis: EOS/USD under pressure, as collusion allegations with Chinese EOS block producers continues to trend

• EOS price on Monday was further hit with selling pressure, dropping over 2.5% in the session.  
• EOS/USD is currently being supported by an ascending trend line, running from 17th September.
• Reports of allegations continue to surface, on the back of leaked document, suggesting voter collusion was taking place between a Singapore-based exchange, Huobi and EOS block producers.  

EOS/USD 60-minute chart  

Spot rate:                   5.5736

Relative change:       -2.62%

High:                          5.8329

Low:                           5.5100

Trend:                        Bearish

Support 1:                  5.5104, support on 60-minute chart.

Support 2:                  5.4403, ascending trend line.  

Support 3:                  5.2500. demand zone.  

Resistance  1:             5.7090, 50 & 100MAs (60-minute).

Resistance  2:             5.8500, resistance on 60-minute chart.

Resistance  3:             6.0500, supply zone.