EOS Technical Analysis: huge game changing descending trend line in the way of big buying

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  • EOS price seen holding very modest gains of some 0.90% in the latter part of Thursday’s session.
  • EOS/USD upside is currently contained by a descending trend line, that has been running since 1st September.

 

 

EOS/USD 4-hour chart 


Spot rate:                   5.2554

Relative change:       +0.18%

High:                          5.4144

Low:                           5.1814

 

Trend:                        Neutral/Bullish

 

Support 1:                 5.2638, 100MA (4-hour).

Support 2:                 5.2395, ascending trend line, lower part of rising channel.

Support 3:                 5.1800, 50MA (4-hour).

Resistance 1:            5.4000, descending trend line,  

Resistance 2:            5.5500, resistance on 4-hour chart.

Resistance 3:            5.6474, 18th August high.

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