EOS Price Analysis: EOS/USD consolidates its price 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

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.