CARDANO Setting Stage For HISTORIC Move! (Don’t Be Fooled By This ADA Dip!)

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In this video, I discuss the current market conditions of Cardano (ADA), highlighting its significant price drop to around 50 cents, which presents a crucial moment to analyze its performance from a data-driven perspective. I emphasize the importance of setting aside emotions to focus on the weekly chart and macro cycles, illustrating why ADA’s current trajectory is not only on pace but also exhibits bullish indicators despite the broader crypto market downturn. I explore Bitcoin halvings as essential benchmarks for understanding ADA’s and other altcoins’ cycles, noting the predictive value of these events for ADA’s performance. Furthermore, I detail a sponsorship by Coin Ledger, demonstrating how their platform simplifies tracking and reporting crypto transactions and taxes, specifically for ADA staking. The core of my analysis revolves around charting data and historical comparisons, suggesting ADA is ahead of its last cycle in terms of performance and timing relative to Bitcoin halvings. I argue that ADA’s current dip is a normal and potentially beneficial part of its cycle, supported by technical analysis including RSI trends and moving average crossovers.

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Intro 00:00
Halving and timeline data 1:30
Cardano performing better this cycle 3:00
Coinledger Cardano address 5:00
Cardano is ahead this cycle! 8:20
Powerful ADA momentum 9:00
Key moving averages 10:30
Macro breakout 8:35
This Cardano dip is normal 13:00

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Feels like a really good time to do this video adaa down around 26% right now it was approaching 70 cents and right now we’re falling below 50 cents this is the time to zoom out on the charts and explain to you why cardano right now is

Exactly on Pace and this is so important for me it’s to put aside emotion I’m not trying to project any type of hopium onto anybody right now but for me through my crypto Journey over the years I need to put aside the emotion of it all these these mental barriers and look

At the data and that’s why in this video I want to break down the weekly chart and a couple really important points in terms of where Ada is on the macro in these Cycles because I’m telling you data perspective alone this makes me incredibly bullish and this move to the

Downside that crypto is in right now it couldn’t be any more normal and I just want to show you what the data looks like like this isn’t an opinion this isn’t me trying to once again throw any type of hopium out there this is truly

Just what the data says and I want to break it down I think it’s a really important reminder for myself I just want to share it with you so hit the Subscribe hit the like and let’s jump into the video everybody this this video by the way sponsored by coin Ledger I’m

Actually going to just in in the middle of the video give you a brief demo on importing an ADA address into coin Ledger how simple it is to track your staking but let’s start with this chart this is having data and that’s where I want to start these

Having and this is this is I’m talking about Bitcoin havs they provide the most essential road map for any crypto chart any altcoin chart if you’re in any altcoin I think it is imperative that that it that we understand the cycles of Bitcoin because Bitcoin as I often say

Is the road map for crypto and it really all pivots around these Bitcoin having so I want to start with having data and then we’re going to talk about charting data the charting data is where I become even more bullish on Ada and I think the charting data displays and gives hints

Of why cardano this cycle around is actually really bullish not only on Pace but powerfully ahead of last cycle so let’s start with having data I just want to make a note right around 77 days prior to the next having that’s kind of where we are right now we look at last

Cycle 77 days prior to Le having ironically as I’m doing this video this was the co dip the capitulation for Ada down to like under 2 cents imagine that what I want to point out in terms of the of the having data is we’re trying to

Get a sense of where are we in terms of the timeline perspective this cycle around and this this shows it very nicely so in terms of where we are right here was basically covid happening prior to the to the last having now what I really want to point now is this and

Let’s let’s backtrack just a few weeks let’s say because that was a Black Swan event hopefully we don’t get another Black Swan event this year hopefully so far we haven’t right so let’s just backtrack a few weeks let’s call this move back here right at this general

Area this move basically exiting the bar Market a lot of similarities there and I want to note right now I do not think that this move happening out of the bare Market is this move the charting data is going to reveal some very different type of uh charting setups and technical

Analysis that I think is is going to demonstrate to you all why a is ahead this time so very similar exiting the bar Market kind of exiting the bare market right and and and if we look at the price range of this by the way from

That Swing Low of the bare Market to swing High we’re looking at around 140% let’s call it and then this time around swing low to swing high around 170 some perent so if we’re going to compare this timeline perspective a is actually outperforming last cycle out of the bare

Market so that’s that’s number one now that’s surprising because there is this concept of kind of diminishing returns diminishing gains out of these Cycles throughout different cryptos so so it’s pretty cool to see Ada alone in this regard has has outperformed but this isn’t really even the bullish data the

Bullish data for me and that just gives you some context in terms of where we are with the Bitcoin having and it’s it’s just months away it is coming up very quickly the bullish data is right here around charting data and this is what I really want to break down in

Terms of how Ada is powerfully ahead and this plays right into why the dip that we’re getting right now is it’s probably good that it’s happening I say it’s very common place that it’s happening but I’ll take it a step further and say it’s probably good that it’s happening that’s what I want

To break down we’re going to break break it down on this weekly chart first I just want to visit very quickly coin Ledger everybody hit the link in the comments below pinned comment the description below please sign up with them you can set up a free account just

To get started with them but sign up with them crypto tax is done in minutes I say this time and time again in terms of my crypto Journey making sure for instance cardano staking is done properly tracked taken into account in terms of gains and in terms of portfolio

Through these Cycles it is it is so important I can’t even stress it enough this takes minutes just to get the entire headache out of the way there’s there’s probably a lot of people that are still doing all of this manually tax crypto taxes in general manual manually

Let alone cardano staking and tracking staking this makes it incredibly easy a ton of crypto people are using this this is one of the best well-known uh brands in all of crypto coin ler the team over there they’ve been a sponsor for years import transactions I’m going about to

Show you the Ada import import transactions right so coinbase metamask cardano wallets preview your report check out your report see what the gains are looking like and you generate the the tax report for your taxes and truly this this is all within minutes if you go over here here’s the import screen we

Can add account you can see there’s a ton of exchanges a ton of stuff going on you can just very simply in this in this case hit cardano and we can hit Auto Import and I’m going to paste the address it’s a demo address by the way it’s importing and depending on the

Amount of transactions that you’re going to have in a wallet or an exchange it’s going to take longer or quicker in this case there’s 15 and boom transactions are there if you have staking happening in the in in your address those transactions will be there you can click

Transaction screens and you can kind of go you can look at some of the transactions you can see what’s going on you can open up the transactions and see what’s going on then you go to tax reports and you have your tax report now in this case this is where the tax

Report will be and you can do multiple things you can export the report you can um invite your your CPA for instance you can add your tax professional and this is just where it all just comes together I just went through that three-step process where you’re just tracking your your cardano

Wallet and many of you like me probably have exchanges you need to hook up right you need to go to the import exch uh import page add account there’s all of these exchanges if you have a metamask account or metamask wallet address like I do you can you can hook that up you

Can import via API or you can import just CSV files from the exchanges so everybody go click the link below get set up with coin Ledger make sure you’re you’re covering your taxes everybody taxes you need to do them and I’m telling you if you do them right and

If you plan around them you will have so much more success in the crypto space and it’s also obviously the right thing to do everybody don’t put this off so sign up with them below and appreciate once again coin Ledger for sponsoring this video on to charting data the

Charting data aspect is where it’s at everybody and I can’t I can’t say this enough I’m going to show you but there’s really three pieces is to the charting data that that says you know what yeah we evaluated the Bitcoin having this time frame perspective eight is in a

Very similar move we evaluated that but there’s something different going on this time around and it’s this move and I’ve talked a lot about this this move right there that powerful move to the swing High post Bitcoin having that’s the move that I that I think that we are

In right now and if you even just look look at this higher That Swing High move for Ada that move you see it very clearly on this chart that swing high was after bit was after the Bitcoin having but let’s take let’s start with RSI and break down the

Momentum of this move so if we just go to the RSI slower moving momentum oscillator we look at overbought where Ada has just been in this swing high and we very simply look at the momentum of the last cycle the Bitcoin having move out of the cycle out

Of the bare cycle there was not that momentum it did not approach overbought territories it did not have that bullish momentum but this move post Bitcoin having did and there’s where the similarity is on the RSI just above 80 each time on the RSI before topping out which is so so normal for

Any crypto it’s hitting overbought on the RSI and it needs to cool down so last cycle it cooled down on the RSI to you know that 55 to around 50 range to the downside and that is to say there’s still room to the downside the daily

Chart that we see here ad to hover at 50 we all want Ada just to see support at 50 there’s room to the downside I’m going to talk more about that but but even so it is exactly on Pace with the last cycle and again that’s just that’s

Just what the data says but more importantly the data is saying this entire move that is in play right now is happening way earlier than last cycle last cycle it happened after the Bitcoin having so yeah there’s still a little bit more room on to the downside on the

RSI the other thing I want to discuss is the moving averages because this also plays into now the similarity so we see the RSI similarity now let’s look at the the the moving average similarity check out the 20we moving average Crossing above the 50e moving average an

Important pivot point in terms of moving averages from a bare Market to a bull market the same is true the 20 falling below the 50 is an important pivot from a bull market to a bare Market we survived all of it right now we’re now we’re entering a new cycle this happened

Last cycle right here around the Bitcoin having in this move to the upside that we’re evaluating and comparing did it happen in this Bitcoin uh in this move out of the bare Market which is a similar time frame perspective as where we are right now no it didn’t happen but

We do have that moving average similarity right here comparative to around Bitcoin having the fact is it’s happening earlier this cycle around it’s if a were to repeat last cycle it wouldn’t haveed happened yet we’d only we’d only be getting the 20day 20e moving average crossing the 50 right

Around Bitcoin having it’s happening earlier this time and the other thing to point out is while that’s happening you can see Ada breaking out of this upper trend line of this descending triangle we had a nice structure of a kind of a descending triangle setup in the bare

Market uh formation this cycle around and very similar thing happened last cycle descending triangle and if you notice Ada broke out of the descending triangle right around Bitcoin having right around the 20-day moving 20 we moving average Crossing above the 50 last cycle and again what is happening

It it broke out of the upper trend line way sooner than Bitcoin having this cycle around that is to say and if we just measure the time frame of it we can even just look at the the breakout was right around 161 days prior to the Bitcoin having the breakout out of that

Triangle and if we look guess what it happened at Bitcoin having last cycle around it’s over 50 days kind of ahead in terms of this move to the upside all of that charting data that I just showed you I mean I think it really just speaks for itself in demonstrating why this

Move is very similar to this move and I would say more similar to this move than this Bitcoin having move and the the key point to take away from that is we are earlier this time Ada is moving more powerfully more earlier this cycle around and the other key point to take

Away from this is this I’m going to I’m going to just show you some data it’s going to look scary but it is what it is from the swing high of the similar move last cycle to the swing low adaa dipped around 55% if we look at Ada this time around

We’re looking at so far a total dip of around 33% if we take this 55% check this out Ada is throwing back to the pattern itself throwing back to the pattern I want to just make a note is that going to happen maybe not but that would be on

Exactly on Pace with what AA did last cycle cardano altcoins Bitcoin in general probably all just approaching oversold areas especially like on the daily da charts getting ready to probably bounce but notice last cycle I just want to throw this out there last cycle Ada didn’t

Throw all the way back to the trend line or to the Apex of that triangle it Consolidated between the 20 and the 50 and that’s why right now that’s all I’m watching are we going to get 20 20 20 we moving average and 50e moving average consolidation the 50e moving average

Around 36 Cents right now there’s still room for downside and it would be so common it would be so normal it is so important for me just to discuss this because when we’re zoomed in on the charts and we see Ada dipping it’s kind of like why are we not above a dollar

Yet what is going on why is it falling back below 50 cents it’s kind of like well it’s not supposed to be above a dollar it’s not supposed to be above a dollar yet it’s just on Pace it’s on track with Ada moves and all cryptos

Kind of have this very similar type of consistency throughout their Cycles Bitcoin has proven that so much especially on my YouTube channels I’ve tracked it for over six years now the consistencies that I’m looking at on Ada this data that I’m looking at on Ada this is happening on

Other charts especially Bitcoin and it’s just that data that is so helpful I want to point something out to you and this really puts things in perspective from the swing high back here right we’re looking at um I’m sorry from a timeline perspective I want to do a timeline perspective this pre- Bitcoin

Having swing High out of the bare market right to timeline perspective where we are right now similar area Ada is up 800% Ada is 800% higher after a bare Market this cycle than where it was at this time last cycle cardano is the most secure decentralized blockchain it is built to

Last it’s not scaling maybe as as quickly as people want it to but it’s built to scale and it’s built for projects and ecosystems to build on top of it in a secure fashion for the long term and as a macrom minded investor the fact that ADA is where it

Is right now and the charts are doing what they’re doing right now and it’s so consistent with what should be happening with all that underl underlining just fundamental Foundation of it all how how cardano is built as a blockchain as a value investor it’s the top pick for me

And this is why and this is something I need to remind myself of often as we’re zoomed in on the charts and we’re looking at the daily chart and you know cardano is just kind of doing its own thing it’s on Pace and that is what it

Is and it’s not a hopium statement it’s nothing more than data I’m just breaking down the data for you let me know your thoughts in the comments below everybody I appreciate you hit the Subscribe hit the like I will see you in the next video God bless