Emerging Channel Up pattern in its final wave was identified on the ADAUSD 30 Minutes chart. After a strong bullish run, we find ADAUSD heading towards the upper triangle line with a possible resistance at 0.7980. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
ADAUSD is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.
