Cardano’s Best Setup in Years! ADA Holders Need to Prepare!
last Tuesday at 11:05 PM
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Crypto Capital Venture
In this video, I discuss the short-term and long-term price action of Cardano (ADA). I analyze the weekly chart, focusing on the importance of the 20-week moving average, which has historically been a key indicator of bull and bear markets for Cardano. I provide a realistic price range for ADA, considering a $250 billion to $500 billion market cap, or potentially reaching $14 depending on the strength of the overall crypto bull market. Additionally, I examine the daily chart, highlighting the significance of the 20-day moving average crossing above the 50-day moving average, and the importance of the weekly RSI consolidation pattern. I identify key resistance levels around $0.39, the 20-week moving average, and discuss the potential for a breakout or a throwback to the moving averages. Overall, I aim to provide a comprehensive technical analysis of Cardano's current market position and its potential future price movements.
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