CARDANO Price Chaos…Clues Of Bullish ADA Reversal!

Cardano video – https://twitter.com/cryptorecruitr/status/1782828618432815582

In this video, I discuss the recent performance of Cardano (ADA) and its current state of consolidation between the 20-week and 50-week moving averages, highlighting its significant 50% price drop from 80 cents down to around 40 cents. I explore the short-term movements and potential future scenarios for ADA, using technical analysis to predict whether we might see a further decline or a breakout that could counteract the prevailing negative sentiment. My analysis includes a closer look at ADA’s performance on different timeframes, from weekly to six-hour charts, focusing on key indicators like the RSI and moving averages to assess potential resistance levels and support zones. I also reflect on ADA’s historical patterns to provide context and speculate on its future movements, all while inviting viewers to subscribe and stay tuned for further updates and detailed analyses.

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Intro 00:00
Here is where ADA is 00:55
Cardano downside in play 2:45
ADA price is in a normal place 3:45
Bullish momentum setup 4:45
Bottom close 5:40
Cardano short term targets and resistance 9:00
ADA resistance to break 12:00

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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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