In this video, I discuss the significant developments in the Cardano (ADA) market, emphasizing a crucial move observed on the six-hour chart and its implications on a larger scale. Starting with a zoomed-in analysis, I reflect on a clip from November 17, examining ADA’s performance at the 20-day moving average and the breakout to the upside, forming an ascending triangle that recently culminated in hitting a 45 cent target. I delve into the short-term potentials and risks, pivoting to weekly and monthly charts to analyze ADA’s macro movements. I highlight the importance of ADA breaking past key resistance levels, particularly the 45 cent region, and its potential to define a significant higher high, indicating a shift from bear to bull market dynamics.

Additionally, I examine ADA’s position in the broader crypto market cycle, especially pre-halving, and the implications of its current trendline breakouts. I explore the monthly RSI and compare current momentum with previous cycles, suggesting a strong upside potential for ADA. I also touch on the broader Cardano ecosystem, its native tokens, and the potential parallels with Ethereum’s previous bull market. Finally, I acknowledge the resistance ADA faces and the possibility of retracements, inviting viewers to share their thoughts and continue the discussion in the comments.

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Intro 00:00
Short term ADA target hit 00:30
Huge resistance right now 2:30
If Cardano price falls now 4:30
The flip to bull market 7:30
If ADA keeps going up now 8:00
Cardano bull launchpad! 8:40
Insane monthly momentum chart! 9:10

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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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