EGLD is gradually forming the Ascending Triangle pattern so that it can reverse the trend to the uptrend. It is now starting to reach the Ichimoku cloud and this is a signal that we may be starting to consider buying EGLD.
Currently, the price zone of the upper edge of the Ascending Triangle pattern is at $65 and its strong resistance is at the $70 zone. If EGLD can break through all these resistances, it will approach the $90 zone or even higher as it officially enters a long-term uptrend.
Currently, the price zone of the upper edge of the Ascending Triangle pattern is at $65 and its strong resistance is at the $70 zone. If EGLD can break through all these resistances, it will approach the $90 zone or even higher as it officially enters a long-term uptrend.