In this video, I can’t believe the charts for Bitcoin and ADA. There are bullish targets to the upside, but there are also reasons for caution. Bitcoin is testing a key resistance area with bearish divergence on the RSI, which could lead to consolidation. However, there are potential catalysts like the CPI data and the possibility of SEC approving Bitcoin ETFs that could send Bitcoin soaring. ADA is in a falling broadening channel with a target of 75 cents, but it’s also facing bearish divergence and potential resistance. The consolidation phase for ADA is uncertain, but the long-term outlook is bullish. Total value locked in ADA is rising, and when price starts rising alongside it, ADA could see parabolic growth. So, while there may be short-term uncertainty, the long-term prospects for ADA look promising.
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Intro 00:00
Zoom out on crypto 00:45
Bitcoin 1:20
Cardano 6:00
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21 Comments
I finally fixed the dates at the bottom of the screen at 4:00!
Good info
Thank you for a great video. This week. Crypto education is what the world needs most right now. I studied and researched about crypto and stocks for a while and finally got stuck in the learning curve. Now I can say that I am really improving my understanding of this completely new world and achieving great successes every week, a big thank you .
Lillian Roth is among the best traders on the internet and I'll keep saying it every time..
Dan back with another video where he lies about ADA being worth literally anything!
Bro – love your channel, love ADA, but I gotta ask….how do you stay so tan?!
One thing I consistently notice about your analysis is that you don’t include trading volume. The thing that really scares me with ada is that I’ve noticed it’s trading volume is so much lower than most other alts in its realm of market cap. even when I look at your charts, you can see the volume has drastically dropped on the cardano net work even during last bear market, going into the bull market cardano had much more volume than it does now. Has anyone else noticed this?
Would be exciting to see a 75¢ ada but I think its going to play out to the downside first to test 30¢ and potentially even the bear market bottom again before we rocket up into the new bull market.
🎉
Buying crypto does not ensure profit always for you, the market price determines your profit, stop making profit depending on the market price, glad I chose to trade and found out about my brokers copy trading/investment services.
Thanks Mike
Great update.
I love seeing a few of the new narratives around the alt space now.
Cardano launching midnight is massive news and will fuel ada this cycle.
The dust token could be as high as monero market cap and you need to hold ada to get it. Its also a ZK coin.
Plenty of narratives around and alts showing strength now I think will do well
Can you show me anywhere where bullish divergence is based off of the highs??? I always thought bullish divergence was only evaluated by examining the lows
Let’s let’s go go!!!
I’m going to pay off my parents’ mortgage and possibly buy a home for myself 😎👍
So basically your saying the dip before the real bullrun possibly?
It's gonna be CRAZEE
God bless brotha!
$1
Thanks Dan! Let’s go Cardano ❤
thanks !!!
I will forever be indebted to you Elizabeth Wesley. You have changed my entire life, I will continue to preach your name for the world to hear. You saved me from huge financial debt with the little I had. Thank you Elizabeth Wesley.
Your subscriptions have really climbed up there! Congratulations I'm very happy for your success and growth Dan. You put in the hard work while at the same time creating very positive content. You're a great asset to the Cardano ecosystem as well as the entire crypto space all together. 🎉