We have been forming a big descending wedge for a while, but as we can see we have a ascending wedge forming in the shorter term which happens to collide with our descending wedge. By about 1900 EST Aug 31 I believe we will see the outcome. I can only remain in a neutral standpoint from this chart. But in the long term I believe the upcoming release of the Maiar Exchange will make EGLD enter into a huge parabolic move.