$EGLD

Analysis of the currency pair EGLD/USDT

The EGLD currency pair is experiencing stability within an ascending triangle pattern, currently resting above the support trend line. The 50 moving average acts as a resistance barrier within the horizontal supply area.

A breakout above both the 50 moving average and the pattern confirms an upward movement, while a breakout below the pattern may lead to a downward reversal. This pattern is worth noting.