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EOS Price Analysis: EOS/USD bulls creep price above $2

  • EOS/USD bulls manage to remain in control for the second straight day as price creeps above $2.
  • The RSI indicator is creeping along the edge of the oversold zone.
EOS Price Analysis: EOS/USD bulls creep price above $2
Rajarshi MitraRajarshi MitraIndependent Analyst

EOS/USD daily chart

EOS/USD daily chart

EOS/USD bulls retained control of the market for the second day running as the price picked up from $1.978 to $2.02, re-entering the $2-zone. The price is currently consolidating in a flag formation inside the 20-day Bollinger Band. The MACD indicator shows decreasing bearish momentum, while the Elliott Oscillator has had two green sessions after 10 consecutive red ones. The RSI indicator is creeping along the edge of the oversold zone looking to break up.
 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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