EOS Price Analysis: EOS/USD consolidates above the $3.50-level
- EOS/USD is hovering above the green Ichimoku cloud and the SMA 200, SMA 50 and SMA 20 curves.
- The RSI indicator is creeping along the side of the overbought zone.
EOS/USD daily chart
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EOS/USD bulls have taken control of the market for two days in a row. So far this Tuesday, the price of the asset has gone up from $3.62 to $3.65. EOS/USD is hovering above the green Ichimoku cloud, 200-day Simple Moving Average (SMA 200), SMA 50 and SMA 20, in the daily chart. The Elliott Oscillator has had three red sessions, while the Moving Average Convergence/Divergence (MACD) indicates decreasing bullish momentum. The Relative Strength Index (RSI) is creeping along the edge of the overbought zone, which means that while the price may go up a little bit in the short-term, it may face bearish correction soon.
Author
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.
