EOS Technical  Analysis: EOS/USD will be expected a high volatility breakout in the near-term given price narrowing

• EOS price on Tuesday under pressure, nursing losses of over 2.5% in the session.
• EOS/USD price action is narrowing, a breakout appears to be imminent.

EOS/USD 4-hour chart  

Spot rate:                   5.5870

Relative change:       -2.60%

High:                          5.7808

Low:                           5.4345

Trend:                        Bearish

Support 1:                  5.5514, 100MA (4-hour).  

Support 2:                  5.4448, lower ascending trend line support.  

Support 3:                  5.0000, support & psychological area.  

Resistance  1:             5.6500, 50MA (4-hour).

Resistance  2:             5.8218, descending trend line resistance.

Resistance  3:             6.0650, supply area.