Cardano’s Best Setup in Years! ADA Holders Need to Prepare! [Video]

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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Intro 00:00
Big bull market indicator 1:00
Realistic ADA price targets 3:40
Short term ADA price action 7:30
Cardano resistance and support 10:30

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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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