Home EOS Price Analysis: EOS/USD trends in an upward channel formation, crosses $5-level
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EOS Price Analysis: EOS/USD trends in an upward channel formation, crosses $5-level

FX Street
Published date:
  • EOS/USD is hovering above the Ichimoku cloud, SMA 20, SMA 50 and SMA 200. 
  • Elliott Oscillator has had seven straight green sessions.

EOS/USD daily chart

EOS/USD daily chart

EOS/USD is trending in an upward channel formation and has gone up from $4.91 to $5.27 this Tuesday. The price is currently hovering above the green Ichimoku cloud, SMA 20, SMA 50 and SMA 200. The RSI indicator is trending within the overbought zone, while the Elliott Oscillator has had six straight green sessions. Both of these indicators show increasing bullish sentiment. Even the MACD indicator shows increasing bullish momentum, so the buyers definitely have full control of the market.
 

FX Street

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