The CARDANO Move That Could Spark BULL RUSH!

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In this video, I discuss a comprehensive update on Cardano (ADA), focusing on its macro charts and the potential shift towards a parabolic bull run. I analyze ADA’s current market position and its recent retracement in comparison to other cryptocurrencies, highlighting this as a bullish indicator. I revisit previous market behaviors, particularly post-2020 Bitcoin halving, to draw parallels with ADA’s current situation. The video delves into the technical aspects of ADA’s movements, examining key moving averages and patterns on both weekly and daily charts. I also compare ADA’s trajectory with Bitcoin’s, suggesting a potential roadmap for ADA’s future. Throughout, I emphasize the importance of ADA breaking above its moving averages as a bullish sign, while acknowledging the market’s unpredictability and the potential for rapid changes.

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Intro 00:00
This dip is most bullish thing 00:40
ADA bull market doors 1:10
How much lower 2:45
Clues on Cardano daily 3:00
Early ADA bull trigger 6:50
Cardano structure now or later? 8:00
Most important point 9:00

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It’s time for a nice little healthy cardano update especially on the macro charts in terms of this shift into the parabolic Bull Run for for cardano in this video I want to break down where we are this is kind of a pulse check on the Ada charts it’s been a minute since I’ve

Done actually I think a cardano only video I think this is only second one of the month so hit the Subscribe hit the like and let’s just jump right into the video this is the weekly chart zoomed out now we’ve we’ve retraced so far much of crypto has you can see on these

Weekly candles falling off this 200 we move average before we even dive into the weekly this move is I think one of it’s the it’s the most bullish thing that that could happen for Ada what’s happening with Bitcoin and the rest of crypto retracing it is the most bullish

Thing that could happen I want to revisit really briefly this clip from December 19th this was almost like a month and a half ago check it out that’s not to say we’re it’s going to happen now but are we going to get a similar move like some type of retracement to

The downside and are we going to have to wait for this break of structure indic indicator to trigger for me so so that was that was Ada topping out in this general area on the weekly back here at this 200 we moving average resistance we’re talking about this move to the

Downside one of the things I’m going to I’m going to talk about this in this video we had a lux algo indicator which was this uh this break of structure that happened at the beginning of the last parabolic move of the last cycle for Ada

And it was at this very similar time in terms of this this this move for Ada what I mean by that is this this current move out of the bottom that we see with Ada from a technical analysis perspective is extremely similar to the PO having move that we had back here post

2020 Bitcoin having so the move back then very similar to the move that we just got right now and what happened was Ada off of that swing High retraced to key moving averages in between the 20 and the 50 and then then it made its move to the upside this break of

Structure came into play this acted as a really good bull market door type of indicator for Ada because at that moment was when Bitcoin was breaking its bull market doors in November 20120 so we’re or at least I am anticipating when will a very similar setup happen for Ada so

So far as you can see from the video that I posted around a month and a half ago we’ve started to retrace down just like I discussed in that video kind of mimicking the move from this last cycle right to these moving averages and this is a very commonplace move anyway when

We get overextended for moving averages on all of the all of these time frames this is the weekly it is just so normal to retrace to those moving averages we talk about that so often right and that’s what’s happening so even even still there’s room to the downside you

Notice 40 around 40 cents is the 20we moving average and we have around 36 Cents is the 5050 week moving average now what I want to do is I want to go over I want to show you something on the daily chart because we’re going to dissect now this move that is occurring

Right now on the weekly that you see there we’re going to dissect it on the daily it’s been tough and it usually is when when you get this nice parabolic move this nice exit and most cryptos were doing this it’s tough to start getting a new a new form of structure on

These charts and so we have our swing high back here we’re trying to kind of put in a a swing low the story has been and I’m not going to show a I’m not going to play the clip but this is from also in December December 27th we had

The symmetrical triangle Target to 47 cents to the downside now that was shortterm structure on the 4our I believe that was a 4 hour and this is kind of what it looks like we’ve we’ve really trickled down too around the 477 Cent region and right now even still if

We pivot back to the Daily there’s there’s not a ton of structure on this chart and and when Ada is just hanging out right maybe right below some moving averages that it just broke below right here’s the daily chart the 20-day the 50-day we even got that 20-day Crossing below the

50-day when it’s just hanging out here it’s iffy it really is iffy in terms of what is going to happen next for for any crypto in this case Ada so still no structure we don’t have a ton of support even obviously we have a consolidation area kind of pretty clear around 47

Cents that Target out of that Al triangle to the downside but what I want to do is I want to go back let’s look at that move in that last cycle where adaa putting in a very similar type of move now this is what it looks like on the

Daily so there it is going into the Shelly hard Fork just see Ada topping out and then retracing now check out the similarities note back then the 20-day moving average Crossing below the 50-day moving average right there and this is really what I want to point out because

I’ve been discussing this on bitcoin charts on Ada charts this right here this move so it’s falling through those moving averages it pulls into the 20 and and just below the 50-day moving average after we get a 20-day moving average crossing a 50-day this pullback into those moving averages

Is so common before falling lower right this is something I’ve been talking a lot about so if you really if we really dissect this chart this right here kind of this moment of this retracement this is where Ada is right now and you can see we haven’t quite had

Even the pullback to those moving averages just yet so we see the 20-day Crossing below the 50 and it looks like Ada wants to pull into this general area we could get and this is going to speak to a potential bullish situation too so

So just hang in there but we could get a nice move in the very short term even to begin this new week that’s coming up maybe into the 50s right maybe even break a little bit below above the 51 Cent area that’s at the 20 20-day moving

Average we have the 50-day all the way up here around 56 but this entire area that’s a very big area of resistance this could be lower high uh lower high resistance and then Ada it continues falling that would be such a common thing for any crypto in general a technical analysis perspective this

Makes complete sense and then if we take that even even further it makes complete sense because that’s exactly what Ada did last cycle right in this very similar move now I want to talk about what I’ve been talking a lot about with Bitcoin it’s that whole is a different

This time I think we’ve already identified it’s a little different this time because this move that’s happening this cycle around this is happening sooner than last time Bitcoin having is still months away so this nice move we shouldn’t I don’t even think we should be here yet

But we’re here but here’s where it could be different obviously we need to pull into these moving averages but we need to break above these moving averages and this is something I’ve been talking a lot about in terms of the Bitcoin charts you go to a Bitcoin daily chart I just

Want to show it to you because I think from a macro perspective Bitcoin acting as a road map for for altcoins and crypto in general this is the setup I’ve been watching the case has been can Bitcoin consolidate above this this upper trend line and below this macro

Fibonacci bull market door 618 line and kind of just put in some type of new structure and then continue to the upside right even prior to having this is this bullish out of the box hasn’t happened before type of move if Bitcoin can manage to do this and and probably

It needs to happen in the short term as opposed to getting rejected on its own moving averages and falling lower into this pattern if if Bitcoin can do that crypto starts trending upwards and let’s go back to the adaa daily chart we could be in a situation where Ada starts

Breaking the moving averages different than last time but not only that the structure on this daily chart actually starts forming right so we have our swing High area and we’re trying to identify the swing low area we start putting in structure that we’re that we’re anticipating and again I never

Know what structure would look like could it be an ascending triangle right I I have no idea could it be a symmetrical triangle no idea but what I do know is could we could we see a bottoming out here that would be different I want to say that and I want

To I want to highlight this if we don’t and if Ada continues lower this would be normal this isn’t even a bearish thing I’m not even bearish saying that that’s just normal but it’s the whole will it be different this time and can adaa break above the 20 the 50 and this would

Just be a probably a sign that all cryptos are just are operating in a very bullish manner right now and there’s multiple reasons why that could be the case if not then we’re looking for this probably not being the the the bottom point of structure from this swing High

Right so swing High maybe the swing low is more down in the in the mid-30s that’s quite a drop from where Ada is right now because we’re looking at Ada at around 48 cents if if it falls that it’s another 20 to 25% to the downside

But notice something if a if adaa does do that maybe it keeps going up a little bit rejection at 53 starts falling again and it’s it’s just weeks of pain it’s weeks of pain a month or more of pain to 37 cents go back look at the move right to

The 200 day moving average it’s it’s it’s pain it’s not looking good for Ada swing high of 17 cents down to 7 cents looking so bearish 55% to the downside and then what happened it was Off to the Races everybody it it’s almost like in a matter of weeks a was

Was testing a dollar right from Seven cents so these things can flip so quick so quick so just that’s something I need to remind myself for all of crypto even when we start you know if if we start seeing even more downtrend right now that’s what happened last time so I I

Should have led with that because that was probably the most important piece of this video to see that that move 17 cents down to 7 cents 17 down to seven and then Bull Run commences so that’s what I’m waiting for on ad though I’m very curious again to see what happens

At these moving averages I want to see them tested so very much much but even still as I do the video it’s around 51.5 cents to the 20-day Ada seems like it’s struggling at 49 cents we need that pop to uh to that area that’s 20-day and even to the 50

Right around 56 cents at the 50 moving average so these are some things I’m watching everybody but zoom out on the charts we are so on Pace everything is so on Pace and I don’t just say that for 8 I just in terms of how I’m viewing

These markets this is just what I’m seeing for crypto in general there’s there is strength to it this season around happening a little sooner than last cycle so I’d be very curious to see what happens next in this week ahead let me know your thoughts everybody I appreciate you cruising through on this

Saturday if you’re out there hope you’re having a good weekend hit the Subscribe hit the like I’ll see you in the next video God bless