#EGLD
The yellow line on the chart represents a Descending Trendline that has limited price movement over an extended period. For now, Bullish / Buyers are pushing the price back up since the Double Bottom was created in the $2.6 - $2.4 area. It is better to wait for the price to successfully break through this resistance line to open a Buy / Long position. Watch and wait for Breakout.
Short term target is at least 15%+ after successfully breaking through this resistance line.
Any rejection at this resistance line will resume the Bearish trend again.
