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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/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.


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