In this video, we’ll discuss the current state of the crypto market, focusing on Cardano (ADA) and its recent developments. ADA is on the verge of putting in a higher high on the weekly chart, signaling a potential shift from a bear cycle to a bull cycle. However, we should be cautious due to the 200-week moving average resistance, overbought weekly RSI, and potential consolidation on the daily chart. The hourly chart shows a possible head and shoulders inverse pattern targeting 65 cents, but ADA could also consolidate around the 60-61 cent range and fall back to the 20-day moving average at 42 cents. Despite short-term obstacles, the Cardano ecosystem is thriving, with many projects gaining against ADA even when ADA is consolidating or falling against USD, presenting opportunities for gaining ADA in preparation for the next cycle.

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    Intro 00:00
    This move took years 00:25
    Caution and current resistance 1:50
    Cardano daily price structure 4:30
    Zoomed in bullish price targets 6:45
    Downside ada price targets 8:10
    Cardano ecosystem 9:30

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    *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.

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    32 Comments

    1. AMAV99X has the most potential to do more than X10. ETH and BTC will most likely do a X5-X6, but thats fine for me. Gotta look for better entry points while I stake IRIS and PGEN, then wait for Polygens next raise as I also look at their new partnership

    2. I see retracement of the whole crypto market like the last cycle. Best example BTC, it retraced to 0.618 fib even before the corona black swan so i expect similar. 0.618 for BTC is bellow 30k. ADA will pull back probably in 0.2x range and then continue up or if BTC falls stronger then we can expect new bear market lows for ADA.

    3. I’ve noticed that a lot of the YouTuber’s that disappeared during the bear market and all the negativity surrounding ADA are starting to surface again with all their crazy predictions. Crazy how they only support ADA when it starts moving in a positive direction. Highs or lows I’ll always be bullish.

    4. Excellent video as always but here is my problem I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market… can anyone help me out or at least advise me on what to do

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