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In this video, I discuss the sideways movement of Cardano (ADA) and its potential breakout from a two-year consolidation period. I highlight the importance of the lower trend line and its significance in the macro cycles. I compare the current cycle to the previous one, noting similarities in ADA’s price movements and the potential for a breakout similar to the last cycle. I also emphasize the benefits of trading within a crypto IRA, such as the tax advantages offered by iTrust Capital, the sponsor of the video. Additionally, I perform a technical analysis on the daily and weekly charts, discussing the potential for ADA to reach 40-50 cents by the end of October, especially in the context of the upcoming Cardano Summit. Throughout the video, I encourage viewers to stay focused on the fundamentals, ignore market noise, and prepare for potential volatility as ADA approaches a critical juncture.
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Intro 00:00
My top two crypto picks 00:50
Bearish ADA sentiment is bullish 2:10
iTrustCapital 3:55
The wait is almost over 5:40
Cardano price break up or down 11:05
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*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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