CARDANO Giving Mixed Signals! (Historic Breakout or Massive Roadblock) [Video]

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In this video, I delve into the potential short-term and long-term scenarios for Cardano (ADA), emphasizing the importance of technical chart analysis while acknowledging the unpredictable nature of the crypto market. I highlight a possible bullish breakout, contingent on ADA overcoming key resistance levels, and contrast this with a cautious outlook that considers a bearish head and shoulders pattern with a short-term target around 53 cents. Additionally, I introduce Coin Ledger, showcasing their crypto tax software and how it simplifies tax reporting for crypto investors. Throughout, I stress the speculative nature of crypto investments, the significance of the 20-week moving average as a support level, and the potential for market volatility. By analyzing past trends and current chart patterns, I aim to equip viewers with insights into ADA’s price movements, balancing optimism for a bull market with the reality of current resistance challenges.

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Intro 00:00
Weekly Cardano setup is big 00:30ADA price may be choppy for a while 1:30
Coinledger 3:00
ADA target of support on daily 5:20
Cardano bad case scenario 5:50
Cardano good case scenario 8:00
Massive bullish setup 11:15
Tracking this range short term 12:15

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*Crypto Capital Venture does not guarantee or make any representations or claims to any particular amount of staking rewards that you will earn through delegating your Cardano. Any return that the protocol disburses to you is decided by the protocol. You are not investing your Cardano with Crypto Capital Venture. Delegating to a Crypto Capital Venture stake pool does not involve transferring or legally assigning the Cardano or the rights thereof. Crypto Capital Venture simply serves as a validator and provides community members a way to delegate to the Cardano Protocol consensus mechanism. All staking percentage rates and all rules and parameters are decided by the Cardano protocol.

*The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.

Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out.

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