EGLD/USDT
The price is moving within a descending triangle pattern, which is a bearish continuation pattern.
The bullish scenario occurs if the price breaks above the upper resistance line of the triangle, at which point it may target higher levels such as $16.23 and $20.05.
In summary: the trend is still bearish currently. The level of $11.40 should be monitored carefully as it is a good support level from which we may see a bullish breakout.