Cardano / Euro forum
ADAEUR Symmetrical triangle formation near the top of the current movement suggests potential consolidation before a bullish breakout. The initial target is set at the psychological level of 1.29737 EUR (Fibonacci level 1), with the possibility of extending toward the Fibonacci 1.618 level at 1.46728 EUR if the breakout is strong enough.
The use of the Tunnels and the Mega Trend All-in-1 indicators helps identify key rebound zones within the green tunnel and above the 20 EMA and 50 SMA. The chart aligns fully with a potential strong bullish trend, as indicated by the formation and order of the yellow, blue, and red tunnels. Additionally, the dotted green line (34 EMA) remains in an uptrend, providing an additional confirmation signal for a potential bullish breakout of significant magnitude.
ADAEUR really nice upside buy opportunity there.... wave 5 should be wild
