CARDANO Rocket ACTIVATED! Game-Changing ADA Breakout! (HISTORIC)

In this video, I discuss the significant breakout occurring on Cardano's (ADA) daily chart, highlighting a macro move that's unfolding within the multi-year context. I delve into the potential short-term targets and the expected volatility, urging viewers to subscribe and like for more insights. Starting with the weekly chart, I emphasize the importance of the current weekly candle's movement and its implications. I revisit a clip from December 19, 2023, to provide context for the current breakout, drawing parallels between ADA's and Bitcoin's historical bull market indicators, such as the break of structure indicator and the Fibonacci retracement levels. I explore the possibility of ADA following Bitcoin's lead in breaking through the 'bull market doors' and speculate on the potential for similar market movements. Additionally, I examine short-term targets and the likelihood of downside corrections, even in a bullish context, paying close attention to ADA's interaction with the 200-week moving average and other key indicators. I conclude by discussing ADA's momentum and the normalcy of overbought conditions in bull markets, using historical data to forecast possible future movements and emphasizing the importance of the 20-day moving average as a critical area of interest.