Logo
Cardano Ecosystem

BITCOIN Dips Has Crypto On Edge! CARDANO Cliffhanger Unfolds!

04/02/2024

·

124 views


Crypto Capital Venture

In this video, I dive into the current price action and technical analysis of Bitcoin and Cardano, emphasizing the importance of maintaining composure amid market fluctuations. Starting with Bitcoin, I highlight a noticeable resistance channel and a significant red candle on the daily chart, suggesting a potential downturn. Similarly, for Cardano, the daily chart reveals a downturn with a specific focus on a red candle formation. I also touch upon the impact of the US Dollar Currency Index's upward trend on cryptocurrencies, indicating a challenging environment for risk-on assets like crypto. The video includes a discussion on broader economic factors such as interest rates and money printing, which could influence future market movements. I provide an unemotional analysis of the charts, showcasing Bitcoin's struggle within a specific Fibonacci retracement channel and Cardano's performance in comparison to other cryptocurrencies. Despite the underperformance of Cardano, I stress the importance of perspective, recalling its past cycles and its current consolidation pattern. The video also examines ADA's dominance and its comparison with other altcoins, concluding with insights on market cycles and the anticipation surrounding the Bitcoin halving event. I encourage viewers to subscribe and like for more analyses, underscoring the value of data-driven insights in navigating the crypto markets.


See original video on YouTube

ORIGINAL SOURCE

https://www.youtube.com/watch?v=pzUCAufB...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.

Genius Yields DEX Launched!

Related Videos

This Web3 Game is Awesome - Trib3 by Flux Point Studios
This Web3 Game is Awesome - Trib3 by Flux Point Studios
Learn Cardano

04/11/2024

·

110 views

Cardano $ADA Is READY For Mega Run! UNMATCHED Gaming, DEFI and DePin On The RISE!
CRYPTO Under Intense Fire! SEC To Sue UNISWAP!
ADA IS DEAD 💀 - Is Cardano Still A Good Option in 2024? l Ep 111 - Freedom 35ers
World Mobile SOARS to top of ADA Charts! | CNFT Update 118
Cardano's Midnight Unlocks These Healthcare Improvements!
【カルダノADA 10万円勝負!】20240410 第1837回 4/26 カルダノの未来をつくる日 1,232,014円 (+1132.0%)
BIG Scaling Potential For Cardano With ZK Proofs
Genius Yields DEX Launched!

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)