EOS Price Analysis: EOS/USD remains bullish despite charting death cross pattern
|- EOS/USD had gone up from $2.27 to $2.295 this Thursday.
- The Elliott Oscillator has had 18 straight green sessions.
EOS/USD daily chart
EOS/USD has gone up from $2.295 to $2.318 in the early hours of Friday as it continues to consolidate itself within the pennant structure. In the process, the buyers managed to chart a hattrick of bullish days despite charting the heavily bearish death cross pattern. The Elliott Oscillator has had 18 straight green sessions, while the MACD indicates sustained bullish momentum. All these indicators tell us that the overall market sentiment favors the buyers.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.