CARDANO Pounding On BULL MARKET Doors! (WATCH OUT!)

In this video, I discuss my journey in identifying the "bull market doors" for Cardano (ADA), drawing parallels with Bitcoin's market trends. I explain how the concept of Fibonacci retracement, which works well for Bitcoin, doesn't apply as effectively to ADA. Despite this, I've been exploring various indicators to pinpoint ADA's macro cycle shift and entry into a new phase. I highlight that the approach for ADA involves a combination of multiple indicators. The video is sponsored by Lux Algo, a tool I've found useful for identifying trend reversals and shifts in market momentum. I go through four specific tools from Lux Algo that are showing interesting trends for ADA at this stage of the cycle. I start by examining ADA's current order book level, which is posing as a resistance area. I then delve into the similarities between ADA's current movement and its historical performance in previous cycles, noting early signals of a bullish trend. I discuss specific indicators like the smart trail and trend catcher from Lux Algo, and how they might be forecasting ADA's potential entry into its bull market phase. I emphasize the importance of consolidation phases and how ADA might behave in the near future.