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
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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.
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.
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