
yesterday at 12:47 PM
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46 views
12/08/2023
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700 views
In this video, I discuss the significant breakout of Cardano (ADA) to the upside, which is a crucial development in the cryptocurrency market, especially as someone who has been closely covering ADA and the crypto industry during this bear market. This breakout represents a multi-year move that is unfolding in real-time, signaling a potential shift in the cycle for ADA and the beginning of a bull market. I compare ADA's current movement to Solana's previous breakout and note that while ADA often takes longer to react, it is now showing a similar pattern of entering an overbought phase. I emphasize the importance of this move, particularly as ADA attempts to pivot from the bear to the bull market, marked by the creation of macro higher highs. I also highlight the parallels in ADA's current trajectory to its past patterns, specifically in relation to the Bitcoin halving cycle. Additionally, I examine ADA's performance against Bitcoin (BTC), noting the potential early signs of a bull market. The video concludes with an analysis of ADA's current position, suggesting that while there is still room for consolidation and pullbacks, the overall trend appears bullish, marking the start of a new cycle in the cryptocurrency world.
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yesterday at 12:47 PM
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46 views
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