After the breakout of both the trendline and the resistance, EGLD has entered an upward channel. A channel like this often breaks out downwards. It will also be healthy if EGLD retests the breakout of the resistance, which should now act as support. I therefore see a short opportunity towards a price value of $51.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.