ADAUSD is moving towards a key resistance level at 0.3978. This is a previously tested level for ADAUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.
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ADAUSD is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.
Emerging Channel Up pattern in its final wave was identified on the ADAUSD 30 Minutes chart. After a…