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  • 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.