CARDANO: Quiet Giant Awakens! ADA Takeover Just Beginning…

In my latest video, I analyze Cardano’s (ADA) price action and discuss a significant bullish signal: ADA has hit the 50-week moving average in a ‘red box’ cycle quicker than in its past cycle, which may indicate strong bullish momentum. I draw parallels with Ethereum’s run before the DeFi explosion, bolstered by Cardano’s increasing developer activity and the growing TVL in its DeFi space. Although I suggest a possible short-term target of 45 cents, I’m also cautious about the potential for consolidation, given the overbought daily RSI, and I’m on the lookout for ADA to either sustain its uptrend or pull back to major moving average supports for a possible reaccumulation.

Subscribe, Like, Follow me www.twitter.com/cryptorecruitr

00:00 – Introduction and importance of technical analysis on Cardano’s (ADA) position in the 50-week moving average.
00:30 – Comparison with last cycle’s trend and current ADA’s movement.
01:00 – Discussion on the significance of ADA’s price at the 50-week moving average within the cycle.
01:30 – Introduction to the concept of the “red box” and its relevance to the cycle analysis.
02:30 – Bullish data on Cardano and an introduction to a clip from Blockchain Backer.
03:00 – Focus on Cardano.
03:30 – Analysis of developer activity on Cardano and its significance.
04:00 – Mention of Cardano’s position in terms of developer activity for October.
04:30 – Insights on DeFi growth and Total Value Locked (TVL) on Cardano.
05:00 – Discussion on the potential of Cardano’s fundamentals leading to a bull cycle.
05:30 – Examination of Indigo’s TVL and growth on the Cardano network.
06:00 – Perspective on the broader crypto market and anticipation for the next bull market.
06:30 – Tracking the MACD line on the weekly chart and its implications.
07:00 – Transition to the weekly chart analysis and historical comparison.
07:30 – Importance of the 50 and 20-week moving averages.
08:00 – Further discussion on the MACD indicator and Cardano’s position relative to the Bitcoin halving.
08:30 – Analysis of the daily chart, falling wedge pattern, and breakout potential.
09:00 – Target setting to 45 cents and explanation of potential pullbacks.
09:30 – Real-time analysis of Cardano’s price action and RSI indicator.
10:00 – Consideration of consolidation after hitting targets and potential for further upside.
10:30 – Scenario planning for Cardano’s price movement and consolidation.
11:00 – Technical analysis of potential retracement and its healthiness for ADA’s price.
11:30 – Correlation between daily retracement and the 20-week moving average support.
12:00 – Closing remarks on ADA’s positioning and future outlook.

⬇How To Stake Your Cardano In Minutes With Crypto Capital Venture!⬇
Stake Your ADA With Ticker: CCV1 ➡ https://youtu.be/cikJiJgRZFQ

⚡ Catch Me On Twitter
⚡ http://twitter.com/cryptorecruitr

*Crypto Capital Venture does not guarantee or make any representations or claims to any particular amount of staking rewards that you will earn through delegating your Cardano. Any return that the protocol disburses to you is decided by the protocol. You are not investing your Cardano with Crypto Capital Venture. Delegating to a Crypto Capital Venture stake pool does not involve transferring or legally assigning the Cardano or the rights thereof. Crypto Capital Venture simply serves as a validator and provides community members a way to delegate to the Cardano Protocol consensus mechanism. All staking percentage rates and all rules and parameters are decided by the Cardano protocol.

*The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.

Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out.

#crypto #cryptocurrency #cryptonews #cryptocurrency #cryptocapitalventure #blockchain #finance #stock #investment #crypto #altcoin