CARDANO Price Chaos…Clues Of Bullish ADA Reversal!

CARDANO Price Chaos…Clues Of Bullish ADA Reversal!

when it comes to the current
consolidation of ADA I mean we were just
around 80 cents not long ago right if
this was back in March it’s the end of
April right now and we’ve plummeted down
to around 40 cents like a 50% fall and
right now A is consolidating between the
20 week moving average and the 50 we
moving average is kind of just hanging
out there so indecisive between the two
many adaah holders are just wondering
myself included is crypto going lower
and is Ada going to have some pain ahead
right right or we’re going to finally
get the breakout the breakout above the
20 the true breakout for Ada that that
really will help in neutralizing the
negativity when it comes to Ada price I
want to talk about that I want to
actually look at this area on the weekly
but I also want to zoom in on the daily
and even the 6 hour and just talk about
what I’m anticipating for short-term
price movements so hit the Subscribe hit
the like let’s jump into the video it’s
going to be really just a straight up
technical analysis type of video I want
to give an illustration to get a really
good vibe this is how cardano works and
I’ve said this for years cardano is an
underdog I want to show you a quick clip
this is this is how cardano works I
think this is a really good illustration
I put together earlier in the day check
this out real quick real
quick so it’s it’s it’s about finding or
or spotting where is AA right now at
this part of the cycle where are
we could be right here could be kind of
right here
maybe right
here I think we’re like right around
there that’s where I think we are right
now we still have a ways to go for sure
but I think we’re right around here if
you want to see what happens next and
believe me you want to see what happens
next hit the link in the Bel in the
description below this is I I’ll put a
link this is a post I did earlier I just
said typical cardano cycle information
cardano will make its move and that’s
really how I feel as a cardano content
creator it’s just like there is just you
know Ada price doing something that a
lot of a lot of ADA holders and the
markets in general don’t like right
maybe maybe even underperforming for a
season and as it is the the negativity
the misinformation about cardano as a
whole it just it just comes barreling in
right and all of a sudden though cardano
does something spectacular I I really
think that’s going to happen once again
and put us side you know the
fundamentals of cordano and and what
makes me very bullish on cordano when
you look at the charts even we we we see
so much synergy synergy from last cycle
and that’s kind of what I want to talk
about but I want to zoom in and look at
this on a little bit deeper level I
started the video kind of just saying
we’re just in between this 20 week the
50 week and it’s it’s just like what is
going to happen next and there there is
room for downside right we we’ve talked
about I think in the last video the
potential for just a really ugly
throwback to the upper trend line of
that formation be incredibly ugly the
lower 30s for Ada it’s in play and as I
sit here and do technical analysis I’m
very bullish and I remain bullish on Ada
even if that happens but I’m not going
to sit here and ignore bearish data when
it’s just clearly on the screen right
that that that throwback is especially
in play because we broke out of the
lower trend line of this Rising wedge
here we were all hoping that crypto
would go higher and will get the bullish
move to the upside but crypto
Consolidated cardano’s not the only one
down but cardano is down from 80 cents
hitting 40 cents or so at one point
right now around 50 cents a lot of
people like man why is Aiden not not at
a dollar yet and so we start the
analysis and I say this a lot I’m just
going to mention it because it’s
important Bitcoin having just happened
Ada right now from all-time high is down
around
83% last Bitcoin having Ada from alltime
high was down around
95% so give or take I mean it could be
92% or the bottom of that candle could
be 96% but at it
down and even if we go and and we we
look at the area months after the having
that we’re kind of con comparing the
consolidation to AA that is between the
20 and the 50 and we look at this area
even if we look there from all-time high
Ada at at that moment was down 92% even
when it broke that 20we moving average 8
it was down 88% so and that was months
after last heav so I just really want to
put that into perspective now if we look
at the monthly M momentum oscillator for
Ada this is this is something that you
can look at one of two ways you can look
at the RSI in the middle of the screen
right here the slower moving momentum
oscillator and like man all that bullish
momentum AA had just completely lost or
you can look at it like this Ada has
escaped the bare market and right now
has cooled down and we have a ton of
upside right now and if you look at this
general area on the RSI the momentum
oscillator it really does give an
illustration of how much upside there is
right it’s when we’re in overbought
there there needs to be red flags there
there does not need to be red flags
right now in terms of the momentum
oscillator and if you look at this move
back here this was basically August to
December of 2020 very similar area of
consolidation for Ada on the RSI where
was that it was right here between the
20 between the 50 and Ada just needed to
consolidate for months higher highs and
higher lows at the time notice the RS
the stock RSI quicker movement momentum
oscillator very similar move there uh on
the screen and that’s the other thing on
the weekly I wanted to talk about then
we’ll dig into the the daily and then
the six hour but the the quicker moving
momentum oscillator the stock
RSI if you I think if we’re going to
pick any data point to compare the move
right now the best one would be this one
because it’s that similar consolidation
on the weekly between those moving
averages and it’s at a very similar time
right the Bitcoin having was right there
in May 2020 so if we’re looking at that
alone that was a really a bottoming out
area higher low area for for Ada and Ada
continued to the
upside we can ask the question is it
going to be a bottoming out type of move
and a is going to escape if I can expand
this just a little so we can see this
escape the oversold environment that it
is in on the stock RSI and do the same
thing that’s the question that’s what
we’ll be analyzing and watching over the
coming weeks but the other thing I
wanted to mention here is even if you go
to the last time this was the bottoming
out formation of the bare Market the
last time Ada was in this stock RI
oversold it Drew up from that area and
then even if you go to the time before
that this wasn’t the exact bottom right
but there was a move to the upside to
key moving averages right there and so
bear or bull when the stock RSI is
bottoming we either see a really strong
reversal or we at at the very least most
of the time we’ll see a key test of
moving average so in this case I’m I’m
really wondering when AA test this 20we
moving average again and what happens if
we look at the last cycle at around the
very similar moment Ada was was
consolidating below the 20 and above
this 50 so that’s below the green line
above the 50 you can see ad struggled
with resistance at that 20we moving
average it just failed to break above
that area for months and then finally
one month in November Ada broke above
that area now here we are we’re we’re
kind of tracking a similar story we have
structure right now on the charts that
is to say the the breakout Target to the
downside if Ada just fails and I’m
talking about it fails to hold above the
50 there’s the Target in the lower 30s I
don’t you know I’m I’m bullish on
cardano but I will not disregard and
ignore bearish targets and bearish data
just because of that I’m a very data
driven person right and I I look at
these markets and these charts no matter
how bullish or bearish I am I look at
them just with a realistic attitude and
so even if Ada were to do that it’s a
higher low on the Ada charts at that
moment when we were talking about this
thing things like the stock RSI it will
be oversold I I I I anticipate that
there would be a massive bounce and this
would be an environment where crypto’s
falling in general and all of crypto is
ugly but that could be a higher low
bounce for Ada and we we could see Ada
move on to just all of a sudden break
out to the upside and enter its own bull
market that’s the downside scenario I
wanted to mention that because it it’s
just there now upside scenario again the
20we moving average around 50 8 C I want
to start pivoting now to the Daily to
get a sense of what what or how long
might this take and I think I I briefly
touched on this in in maybe my last
cardano video but I wanted to give a
little bit of a different angle if we
look at this chart here on the daily
chart this is it’s ugly it’s ugly to see
this move the 20day just straight up
plummeting towards the 200 day moving
average and if I if I zoom out I want to
show you something this similar area
back here last cycle we’re comparing the
higher highs higher lows of ADA a
similar thing was happening and it was
very ugly and we’re talking about this
exact move happening back last cycle
post Bitcoin having Bitcoin uh having
happened Ada was making a move to the
upside but then from that swing High to
swing low 50 plus% to the downside and
what do you see here we have the 20-day
moving average plummeting towards the
200 day moving average but look what
happened and this is what’s interesting
to watch now so there’s a 20 crossing
the 50 up here and then plummeting
towards the 200 and then just shifting
around just in time I’m not sure that
that that will happen again if we go to
the Chart now you can just see there is
not much room left for this 20-day
moving average uh above that 50 uh 200
day moving average in
red first things first whether that
20-day crosses below the 200 or
not I am looking to see if Ada can close
candles above these areas this is
crucial and and the thing the reason why
I’m bringing it up it’s crucial in
general but the reason I’m really
bringing it up is because right now Ada
price is right around those areas so
this could be as these two meet this is
a huge resistance area I’m talking about
50 cents to like 52 cents huge
resistance area a is there right now so
in the short term I’m wondering is this
just going to be the resistance area for
Ada and is this going to fall lower and
what will that look like if that is the
case because if Ada puts in and this is
one thing I’ll be watching if Ada does
Fall and crypto starts falling rejection
off those moving averages and goes lower
starts closing candles below where these
candles closed back here but we we put
in a higher low on the RSI there’s a
case we could we could actually be in
the bottoming formation of this this dip
that cordano is in
that could be some bullish Divergence a
higher low on the RSI and then a lower
high on the price that’s one thing to
anticipate but that’s you know it’s in
play but that’s not happened yet so
right now in the short term I’m
wondering is Ada going to break above
these moving averages or not and whether
it’s right now tonight overnight because
it is such a small move for adaa to do
that how will it happen it could happen
in the short term just a a nice green
candle above we’ll track that but if we
go to the six hour and this is why I
wanted to discuss it that at 50 c to 52
Cent range let’s just mark it kind of
just like this you know something like
that there’s there’s moving averages
there’s that resistance area you can see
a is like there right now we want to see
Ada break above that area right now on
this six-h hour chart you see these
moving averages they help really kind of
illustrate the move that a is in even on
even on a a chart like this you see how
ad is in a downtrend back here it
revisits moving averages and then goes
lower revisits lower now to the upside
looking for a very similar thing can a
achieve this so moving averages kind of
visiting those areas right now can we go
higher and break this area in the short
term so this is all very short-term
analysis but if we’re looking at this to
the downside if it fails right now at
the area that it’s at right now what
would be the fail safe support that I’d
be watching for to the downside that
would very simply be a Fibonacci
retracement on the short term this swing
low right here to the swing high if Ada
continues falling down to this range 46
cents to 44 cents that’s a higher low
area for Ada we’d want to see support if
Ada can ACH achieve support then we
could see maybe Ada does kind of break
above those those moving averages on
this very shortterm chart and finally
this area the big area that’s the area
we’re waiting for maybe this takes a
week for this to play out but that could
be a case for Ada uh to get above but
what I’m really waiting for truly is on
the daily chart it’s these moving
averages I I want to talk about the
pullback to the lower trend line of the
rising wedge but there’s a lot for adaa
and I’m talking about this this right
here confluent with the 50-day moving
average but there’s just a lot of
resistance a has to break through on the
short term and a is right there right
now that’s really the biggest thing that
I’m watching um on the macro I want to
just I want to give it another reminder
as we’re talking about all this
short-term analysis ad is in is just a
very similar position as it was last
cycle I I realized that there’s there’s
some cryptos that really took off out of
the out of the bare Market lows and
that’s fine but there are a ton of coins
like
Ada that have just been taking their
time in entering their own bull markets
and a is one of them I’m thinking like
madic chain link ethereum they’re all in
the same group if you really dig into
kind of the data of of gains and all
that so it’s just a matter of when will
these altcoins make the move it could be
weeks right it could be months but this
is what I’m tracking this is how it
relates to Ada let me know your thoughts
in the comments below everybody I
appreciate you cruising through I hope
you’re doing well out there hit the
Subscribe hit the like I’ll see you in
the next video God bless

Cardano video – https://twitter.com/cryptorecruitr/status/1782828618432815582

In this video, I discuss the recent performance of Cardano (ADA) and its current state of consolidation between the 20-week and 50-week moving averages, highlighting its significant 50% price drop from 80 cents down to around 40 cents. I explore the short-term movements and potential future scenarios for ADA, using technical analysis to predict whether we might see a further decline or a breakout that could counteract the prevailing negative sentiment. My analysis includes a closer look at ADA’s performance on different timeframes, from weekly to six-hour charts, focusing on key indicators like the RSI and moving averages to assess potential resistance levels and support zones. I also reflect on ADA’s historical patterns to provide context and speculate on its future movements, all while inviting viewers to subscribe and stay tuned for further updates and detailed analyses.

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Intro 00:00
Here is where ADA is 00:55
Cardano downside in play 2:45
ADA price is in a normal place 3:45
Bullish momentum setup 4:45
Bottom close 5:40
Cardano short term targets and resistance 9:00
ADA resistance to break 12:00

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