Technical analysis by Babsphoenix about Symbol EGLD: Buy recommendation (4/16/2023)

This asset is attempting a breakout with a horizontal , two diagonal and a dynamic resistance as hurdles. But its relatively safe to buy on the breach of the dynamic resistance (red moving average), the horizontal and the first diagonal resistance. But if the price succumbs to the resistances, the demand zone below it is another good zone to look for buy setup