last Friday at 1:27 AM
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12/01/2024
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158 views
In this video, I discuss the bullish outlook for Cardano (ADA) as we approach altcoin season. I highlight the strong fundamentals and technological advancements of Cardano, including its potential use in the US voting system and as a native DeFi layer for Bitcoin. I also cover the recent ADA ETF rumors and the shift in sentiment towards Cardano, noting that institutions are starting to wake up to its potential. My technical analysis focuses on the daily and 4-hour charts, identifying key support and resistance levels as well as potential bullish structures like an ascending triangle and an inverse head and shoulders pattern. I emphasize the importance of watching the RSI and the 20-day moving average for signals of the next move, which I believe could be a powerful rally to the upside during altcoin season.
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