#EGLD/USDT#EGLD
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are seeing a rebound from the lower boundary of the descending channel, which is support at 16.80.
We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 17.32
First target: 17.65
Second target: 18.55
Third target: 19.45
