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.