emergency cardano video (bull market doors about to break)
12/12/2024
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139 views
In this video, I discuss the critical setup on the Cardano (ADA) daily chart and the potential for a major breakout. I highlight the similarities between the current price action and the previous bull market cycle, noting that ADA is now approaching the upper end of the "bull market doors" - a key resistance level that, if broken, could trigger a powerful rally similar to what we saw last time. I analyze the Bitcoin dominance chart and other altcoin charts to provide context on the broader market conditions, suggesting that the stage may be set for an altcoin season. Ultimately, I'm closely watching ADA's ability to maintain above the 20-day moving average, as this could be a pivotal factor in determining whether we see a swift breakout or a period of consolidation before the next leg up.
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