CARDANO Critic Says To Sell ADA! (Crypto Holders BEWARE!)

Cardano critic says to sell ADA. Not only do I disagree, but there is a bigger lesson here whether or not you hold ADA or Solana, or AVAX, or any crypto out there. I also dissect the Cardano price charts and give targets I am tracking on the short term and zoomed out.

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Intro 00:00
Cardano critic attacks 00:15
Cardano structure 5:15
Short term ADA targets 7:20
The Cardano chart that matters 9:30
Bullish scenario 12:40

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Cardano AA down around 26% on this daily chart in in recent days ouch in this video I want to break down why it does not matter we’re going to dig into the charts too we got a 4 hour we have some targets to talk about we’re going to

Zoom out and see the real picture what is going on with Ada but before we do any of that I have to point something out I don’t know if you saw this this was the other day crypto research firm says sell all your card cardano Ada

Here’s why I’ve been covering a lot of other things uh especially with the coinbase case I haven’t had a chance to bring this up and I it’s it’s on my chest I need to let let it off my chest because I think there’s a lot of new

People out there you might be watching this video and you’re new and you you see stuff like this I remember the days of kind of entering the crypto space research firm that sounds legit so this is in regards to a but I want to say specifically even if you

Don’t even like Ada you’re uninterested or you’re thinking about it maybe you like salana this is a very meaningful point that I’m about to make so crypto research firm the crypto research firm is K3 three research and I just I just want to give you a a brief overview and

What’s funny is understand the digital assets industry from short-term Market signals to longterm fundamentals and then this is the funny part tired of biased and superficial takes on crypto so here’s what they did the other day why you should sell all your cardano Ada that’s pretty powerful statement as a research

Firm telling all these people in crypto to sell their Ada the cardano networks complete cardono Network complete lack of meaningful activity will make the a token worthless over time so first thing I want to point out I’m not going to sit here and talk about how ridiculous their

Research is it is absolutely ridiculous they they’re not correct in their research they’re just not and I’m not saying that just because I’m an ADA holder adaah whale if you want to get into that the debate of it all he he did it he replied and look at the ratio

There look at this ratio five 56 to 38 but he replied with a thread that he did about cardano ecosystem and what’s going on in cardano ecosystem absolutely just destroys everything that they’re saying but you can just see and here’s my point this is the point I want to

Make especially if you’re new out there even if it doesn’t apply to Ada look at this post okay why you should sell all your Ada 59,000 views this is the point that I want to make 59,000 views views on on their X account on that post

Right that’s not bad if you’re an X account you want views like that now going through all of their other posts that don’t have anything to do with cardano Ada look at this 1,000 views 1,000 views 13,000 views read this and More in our weekly report ahead of the curve quite

Literally they’re behi they’re they’re behind the curve you go to is something like actual Ada data in terms of cardano network and what it’s doing there’s so much happening in in cardano ecosystem when this type of growth that we’re seeing in cardano Ada was not happening

In other altcoins right in defi in the smart chains cardano Ada from a fundamental perspective and this is a research firm they’re supposed to cover fundamentals they’re they’re they’re ignoring that the reason I’m bringing this up is to say this as we prepare to go into the next cycle if you like Ada

If you like salana if you like Avalanche polka dot xrp whatever whatever you like understand why you like it and also understand that when you see something negative about it even if it’s from a research firm a lot of what takes place not only on on X but just in terms of Articles

And media firms a lot of what takes place is very simply engagement farming they will they will because they don’t get good engagement with their content and you can see that Illustrated here they don’t get good engagement they will Target a community that is passionate with something negative

Because they’ll get the engagement and that’s just what happens so be very careful out there everybody and and and especially if you’re an at holder this story this happens to Ada so often a is like number one for this happening and I think it’s because the community is very

Passionate but the fun the fundamentals are also so strong so it’s just a Perfect combo of of getting that engagement stirring the controversy k33 research did it and it’s just complete inaccurate research and also I would say irresponsible just straight up saying hey sell your

Ada so I’m not going to sit here and tell anybody to sell anything or buy anything but I wanted to point that out I it it it just keeps popping up I open trading View and there’s these Artic there’s headlines still about it even today I think it was so let’s pivot to

The charts and talk about the charts a little bit this is Ada on the 4 Hour we’re going to dig into it I started on the daily because this is the snapshot that we have right now 50 cents exactly as I do this video 50 cents um we’re

Going to break down it’s a 26% to downside move from the swing high but I I said in the beginning of video it doesn’t it doesn’t matter and I’m going to illustrate exactly why and I want to start before I even illustrate exactly why and talk about actual actual targets

I do want to just start as we start really tracking the move and anticipating what’s next I want to start with this video uh this was from January 8th 10 days ago check it out really quick clip we had a small triangle here well now we might get a

Larger triangle here right or some other type of pattern maybe it will be maybe it will end up being an ascending triangle that’s what I do I I I just wait now we wait that was 10 days ago we’re still waiting but check this out

This is and this is fun it’s fun for me to replay that clip because it’s still speculative but we do have kind of one two three it kind of bounc out of that from that that uh what was that the eth I said the eth when I did the video

Right here were just touching the bottom trend line popped out of there head back up to 61 cents or so fell back down so right now we’re kind of putting in a fourth touch still speculative in terms of the the ascending triangle this is just fun for me as there’s nothing else

To do while we wait for consolidation we wait for moving averages to start pulling into each other the 200s all the way down here as we wait we we we wait for structure and this is becoming fun because in that video I did speculate an ascending triangle and I’m leaving it on

This the screen because I just I want to see how this plays out now again it’s speculative we don’t have it in play yet but what I did notice and here’s where we start talking about targets we can talk about targets to the upside out of the speculative triangle right it’s

Above a dollar number one bullish and to the downside it’s it’s all the way down here I believe towards 33 cents 35 cents or so but what I did notice when I went to the 4our we have kind of this other setup that is in play on a on a shorter

Term scale and that’s on the 4 Hour and this is kind of what I’m watching tonight because even this is really not I I like five touches so right now we have 1 2 three four I’m very curious to see this might not even play out this is

Very speculative as well but if we get a little bit of even just sideways at the lower trend line that would be considered for me kind of a fifth touch the structure will be here of the ascending or not the ascending this is just symmetrical triangle but Target to

The downside around 36 Cents but what I want to point out too just I I have to to point this out Target to the upside 77 cents this is the perfect picture of how fast things can turn around I tweeted earlier like I was like dude like people become bearish so fast this

Move from 68 cents to where we are right now this is this is nothing this is a nothing move if you’ve been in crypto over the years you just know that in a bull market in a bare Market that’s a nothing move and so right now we’re allowing the structure to set up

But it’s consolidating and all of a sudden everybody’s bearish because we’re down 26% and we could actually fall lower and even that would be normal and I would not be concerned but the other thing that could happen and it does happen is everybody’s bearish now and all the

Sudden all we have to do is start trending back up to the upper trend line here then we have a really a symmetrical triangle in place at the at this fifth touch to the upper trend line 57 cents eight all of a sudden is 57 cents everybody’s bullish again and that’s the

Emotion of it all you’re going to see this this emot that’s the emotion of it all as we get structure as we get consolidation but now we start talking about why the the fall that has happened 26% that I started on this video boom why it doesn’t matter it really does

Start on the 4 Hour right here with these potential targets you know 30 36 Cents the downside and it ends over here on the weekly it’s a weekly chart everybody it’s almost like when you zoom out like this it’s almost like wow nothing not much has even happened

Actually since we’ve exited the bare Market it’s just it’s it’s just kind of consolidating sideways on this weekly chart and I am very just strongly convinced the move that we’ve had here I’ve talked about it a lot is is so similar to the move we had going into

Shelly and this was post Bitcoin having so this move is earlier than it happened last cycle I’ve said said that time and time again but we’re comparing those moves and and we have room to the downside we really just do it just is what it is prior to the having we have

Months to go until the having in in April and we have these moving averages the 20 or I’m sorry the 50 moving average in blue around 35 cents to the 20we moving average around 40 cents and what is that when we start zooming in on the charts once again it’s it’s it’s

Like this lower end Target for for Ada so Ada truly could just keep consolidating crypto could just keep consolidating on the 6 hour or I’m sorry on the 4 Hour we’ll find ourselves over oversold you go to the daily chart and we kind of just pivot out and look at

The look at the momentum oscillator on the daily if that were to happen and Ada starts falling maybe we don’t even get the structure right maybe this awesome ascending triangle doesn’t play out I have to erase it it just keeps falling we’re going to this Fibonacci look where

The Fibonacci is check out the Fibonacci swing low to swing high of the move we have this area of support 40 cents at the 618 the 786 around 33 cents it’s like almost amazingly confluent with our moving averages down here it would make so much sense if a actually did keep

Going it really just would and and Bitcoin would be probably be falling as well to key areas on its chart cryptos in general would be consolidating people would become more bearish when this is just such a typical move and again I’m not trying to spread opium I’m not

Trying to say hey everybody this is just we’re going to play out we’re going to come down and we’re just going to enter the bull market I’m not saying that’s definitely going to happen I have no idea but what I will say is the move that’s happening now is so consistent

With the movement of crypto in general of an altcoin in general and consistent with historical data that we have throughout these cycles and I continue to track these things and if you’ve been watching my videos you know that I I just I continue to say how how surprised

I am and amazed I am that the charts are so consistent in this manner and you know when that breaks I will point it out it just hasn’t broken on the macro it just has not broken on the macro charts but it’s the macro charts and these it’s these targets that allow us

To maintain a cool head and to kind of just be unemotional just wait for these things to play out uh and then watch what happens when they do play out right now there’s a lot going on here in 2024 we have the interest rate narratives if they start sh shifting interest rates

Down uh and that could be bullish but on the flip side are we going to get some type of Black Swan events election year who knows that could be bearish right so there’s a lot going on that play into the story but what I do know is I’m anticipating potential move to the

Downside if we want to get some hopium in Play We zoom in on the 4our we look at structure that’s setting up and we say Okay ad is got to make some short-term moves off of this lower trend line higher low right here maybe bounce to the upside we got the symmetrical

Triangle and play and all of a sudden we’re at 5657 cents with the 77 Cent targets that we’re tracking right maybe we get a breakout to the upside and all a sudden everybody’s bullish as we’re approaching these previous highs it it can flip so fast so a continue to

Monitor the story it’s very zoomed in it’s the zoomed out story that is probably most helpful I think to all of us and that’s what I’ll be watching so I appreciate you watching following along with me everybody I hope you’re doing well out there hit the subscribe hit the

Like turn notifications on I appreciate all of your support I’ll see you all in the next video God bless