Cardano's Insane Comeback: This ADA Chart is SCREAMING

Crypto Capital Venture

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In this video, I discuss the recent parabolic price action of Cardano (ADA), which has seen 168% gains in just 17 days. I analyze the charts across different timeframes, from the monthly to the 4-hour, and highlight key technical levels and potential consolidation patterns. I note the similarities to ADA's previous cycle in late 2020, and express caution about the possibility of a short-term pullback or consolidation, even in a bullish environment. However, I remain optimistic about ADA's long-term potential, and I'm closely watching the monthly close above the 50-month moving average, as well as the price action of XRP, which could be an indicator for ADA's move towards $1.

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Intro 00:00
This happened fast 00:30
Insane Cardano monthly candle 1:55
This ADA weekly is weird 3:35
Monitor daily chart for throwbacks 5:45
Short term price action and targets 7:10Cardano might fall 8:30
$1 sooner than later 11:15

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*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.