ADAUSD Breakout confirmed. Target 1.0500.

Cardano / ADAUSD has broken above the Descending Triangle pattern and despite a pull back on the 1day MA200, it is now resuming the uptrend.

This is a similar price action with 2023. Break above Triangle, consolidation before the 1day MA200 break and then huge rally to the 2.618 Fibonacci extension.

Buy and target 1.0500.

Previous chart:

ADAUSD On the verge of a rally


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