Cardano SHOCKWAVE Is Near! (ADA Plotting EXPLOSIVE Move!)
Summary
TLDRThe video script discusses the current state of Bitcoin and Cardano (ADA) in the cryptocurrency market. It highlights that while Bitcoin is testing all-time highs, ADA is significantly down from its peak. The speaker argues against the consensus that ADA is underperforming, pointing out that it historically lags behind Bitcoin's moves but can surge strongly when it does move. The script compares past market cycles to suggest that ADA's current position is bullish and could follow a similar pattern to its breakout in the previous cycle. The speaker also discusses technical indicators like RSI and potential macro targets for ADA, suggesting a target range of $115 to $150 for the first macro resistance.
Takeaways
- 📈 Bitcoin is currently testing all-time highs from the last bull cycle, while Cardano (ADA) is still 75% down from its all-time high.
- 🔍 Historically, ADA has lagged behind Bitcoin, but when it moves, it can move very strongly.
- 📊 Comparing the current cycle to the last, ADA was down nearly 90% from its all-time high while Bitcoin was testing its highs.
- 🚀 ADA's breakout in the last cycle occurred after Bitcoin had already broken its all-time high and continued to rise.
- 📝 The script suggests that ADA's current position is similar to its position in the last cycle before a significant breakout.
- 📉 ADA experienced a 30% drop while Bitcoin was making significant gains, demonstrating its tendency to lag.
- 📊 The Relative Strength Index (RSI) for ADA shows similarities between the current cycle and the last, indicating potential for a breakout.
- 🎯 If ADA breaks out, the first macro resistance targets are around $1.20, with a higher target of $1.40 to $1.50.
- 📅 The timeline of ADA's performance is considered normal within the crypto market cycles.
- 🔮 The script encourages viewers to keep an open mind about ADA's potential, despite the current lag and social media consensus.
Q & A
What is the current comparison between Bitcoin and Cardano (ADA) in terms of their all-time highs?
-Bitcoin is currently testing its all-time highs from the last bull cycle, while Cardano (ADA) is still down about 75% from its all-time high.
How did Cardano (ADA) perform during Bitcoin's last all-time high in 2020?
-During Bitcoin's last all-time high in 2020, Cardano (ADA) was down around 85% from its own all-time high, despite Bitcoin's significant gains.
What is the significance of the Bitcoin Halving in the current market cycle for Cardano (ADA)?
-The Bitcoin Halving, which occurred in May 2020, is a technical analysis event that is comparable to the current market conditions for both Bitcoin and Cardano (ADA), suggesting a potentially bullish outlook.
How does the historical performance of Cardano (ADA) relate to its current market position?
-Historically, Cardano (ADA) has lagged behind Bitcoin's movements but has shown strong upward movements when it finally breaks out. This pattern suggests that despite current lags, ADA could experience significant growth if it follows its historical trend.
What are the potential short to mid-term targets for Cardano (ADA) based on the script's analysis?
-The potential short to mid-term targets for Cardano (ADA) are around $1.15 to $1.50, which are the upper ends of the reversal zone and historical resistance levels.
What is the role of the Relative Strength Index (RSI) in the analysis of Cardano (ADA)?
-The RSI is used to analyze the momentum of Cardano (ADA). The script suggests that similarities in the RSI patterns between the current market conditions and past breakouts indicate a potentially bullish future for ADA.
How does the script address concerns about Cardano (ADA) underperforming in the current cycle?
-The script argues that while Cardano (ADA) may be underperforming now, it has historically shown strong movements after lags, suggesting that the current underperformance does not necessarily indicate poor future performance.
What is the significance of the rising wedge pattern for Cardano (ADA)?
-The rising wedge pattern indicates a period of consolidation before a potential breakout. If Cardano (ADA) breaks out of this pattern, it could lead to a significant increase in price.
What is the higher target for Cardano (ADA) if it breaks out of the current resistance levels?
-If Cardano (ADA) breaks out of the current resistance levels, the higher target would be in the range of $1.40 to $1.50.
How does the script's analysis of Cardano (ADA) relate to the overall cryptocurrency market?
-The script suggests that the analysis of Cardano (ADA) is applicable to the overall cryptocurrency market, as many cryptocurrencies exhibit similar patterns and cycles, and the current market conditions are following a historically normal pattern.
Outlines
📈 Bitcoin vs. Cardano: Historical Performance
This paragraph compares the current market performance of Bitcoin and Cardano (ADA). It highlights that while Bitcoin is testing all-time highs from the last bull cycle, Cardano is significantly down from its all-time high. The speaker aims to disprove the consensus that ADA is underperforming, using historical data to show that ADA has lagged behind Bitcoin in the past but has shown strong moves when it finally reacts. The comparison is made using daily and weekly charts, and the speaker notes that the current market situation for ADA is similar to its position during the last bull cycle when Bitcoin was making significant gains.
🚀 ADA's Potential Breakout and Historical Patterns
The second paragraph discusses the potential for Cardano's breakout, drawing parallels with Bitcoin's past performance. It suggests that while ADA has historically lagged, it has moved strongly when it finally reacts. The speaker points out that ADA's breakout in the last cycle occurred after Bitcoin's all-time high, and there are similarities in the current market conditions. The paragraph also touches on technical analysis, specifically the Relative Strength Index (RSI), to illustrate the potential for ADA's bullish movement. The speaker emphasizes that while history may not repeat exactly, the current trends suggest a bullish outlook for ADA.
🎯 Macro Targets and Timeline for Cardano
In the final paragraph, the speaker discusses potential macro targets for Cardano's price and the timeline for these targets. The analysis includes the RSI momentum oscillator and the reversal zone for ADA, suggesting that if ADA breaks out of its current trend, it could reach the upper end of the reversal zone, around $1.20. The speaker also mentions a higher target of $1.40 to $1.50, which is within a rising wedge pattern. The paragraph concludes by expressing gratitude for the audience's support and encourages them to share their thoughts in the comments.
Mindmap
Keywords
💡Bitcoin
💡Cardano (ADA)
💡All-time highs
💡Bull market
💡Crypto social media
💡Technical analysis
💡RSI (Relative Strength Index)
💡Reversal zone
💡Macro targets
💡Market participants
💡LUX algorithm
Highlights
Bitcoin is currently testing all-time highs from the last bull cycle.
ADA is not close to all-time highs, which has led to discussions about its performance.
The video aims to disprove the notion that ADA is underperforming or failing in the current cycle.
ADA is down about 75% from its all-time high, while Bitcoin is testing its all-time high.
In the last cycle, ADA was down around 88% from its all-time high when Bitcoin was breaking its all-time high.
The Bitcoin halving occurred in April 2020, and the current move in Bitcoin is comparable to the move in November-December 2020.
Cryptocurrencies, in general, are looking very bullish from a cycle perspective.
ADA historically lags but moves very strongly when it finally does.
The video compares the current Bitcoin and ADA charts to previous cycles, showing similarities.
ADA's breakout in the last cycle occurred after Bitcoin's all-time high, which is a pattern that might repeat.
The Relative Strength Index (RSI) for ADA shows falling momentum, similar to the last cycle before a breakout.
The reversal zone for ADA is at the lower end, indicating potential for a strong move upwards.
Macro targets for ADA are around $1.20, with a higher target of $140-150.
ADA is currently in a rising wedge, which could lead to a breakout.
The video emphasizes that while history doesn't always repeat, the current data suggests a bullish outlook for ADA.
The video concludes by expressing gratitude for the audience's support and engagement in the crypto journey.
Transcripts
zoom out on a Bitcoin chart right now on
the weekly testing all-time highs from
the last bull cycle bullish chart for
sure and then you zoom out on Ada chart
and you see Ada not even close to
all-time highs what is the deal what is
going on the consensus because of this
is that ADA across much across much of
crypto social media Ada is failing Ada
is underperforming it's not going to do
well this cycle and in this video I just
want to kind of disprove that and
there's a case for any crypto anything
can happen so just keep that in mind but
if you're looking at the data and if
you're looking at even just crypto not
just cardano historical charts but if
you're looking at crypto in
general that that consensus it doesn't
make sense and I want to show you
exactly why in this video so please hit
the Subscribe hit the like let's jump
into the video let's let's first talk
about the main point Ada right now is
down from all-time high we're down 75%
or so and if you look at Bitcoin Bitcoin
is testing alltime High what is the deal
with that let me just demonstrate number
one first off where Ada was in the last
cycle when Bitcoin was breaking all-time
highs so let's let's go look at this
right so I'm talking about all the way
in the last cycle and we're talking you
know 2020 and this is a daily chart on
bitcoin if I zoom out you can see
Bitcoin
there's the all-time high from 2017 so
this last that last cycle bitcoin's
breaking the 2000 or you know breaking
testing the 2017 bull market High here's
what it looks like on the daily chart
for Bitcoin so if we look at where we
are this cycle around bitcoin's like
right here remember we just broke those
bull market doors for Bitcoin bitcoin's
testing all-time high and then
eventually in 2020 it broke alltime high
in December and if we go to Ada and we
look at Ada on uh a daily chart back
then so let's zoom out on
Ada when Bitcoin was doing that this is
bit this is Ada on the daily chart when
Bitcoin was breaking all-time high right
so essentially I have a little note here
this is kind of like where Bitcoin is
today and this is where Ada is today and
you can see the bull market doors were
just broken back then in November 16th
20120 and then Bitcoin starts going up
and it's testing alltime high and here's
Ada and let's zoom out on this Ada daily
chart this is where Ada was at that time
Ada at that moment from all-time high of
2017 to around that general area 80
let's just call it 85% it's even more
though it's like 88% or so down from
all-time highs so at that moment last
cycle a was down almost 90% still from
alltime high while Bitcoin was
breaking or test at the very least
testing it's all-time high right here so
Bitcoin making moves on the Bitcoin
chart the daily chart in 2020 right here
making moves testing and then ultimately
breaking and a is still over 80% from
its all-time high so that's number one
that's just number one if we look at the
chart we are we are right there and not
only are we right there in terms of adaa
charts but this applies to crypto and I
have been saying this a lot no matter
what chart I'm talking about and this
leads into Point number two the Bitcoin
having is right around here in April the
Bitcoin having last cycle was was you
know back here in May 20120 and so the
move that is happening from a technical
analysis perspective on bitcoin on Ada
right this move right here preh
having is comparable to this move right
here and this is all that November
December area that we just broke down
this was post having and we're talking
you know if we measure from having to
where we were then were over 200
days over 200 days and where they're now
preh having so this applies to crypto
crypto in general looking very very
bullish uh from a cycle perspective the
move that's been happening right now on
these charts across the board not just
Ada is happening sooner and so this is
something that we've talked a lot about
No Matter What chart I'm talking about
but now let's let's just talk about the
Bitcoin
comparison we just looked at the fact
that Bitcoin uh if I can find the chart
Bitcoin you know was was making this
entire move back then and then
ultimately if we look at this Bitcoin
broke all-time high and just kept going
parabolic so we're looking at breaking
all-time high last cycle December mid
December 2020 it goes parabolic until
January 2020 and then if we we look at
the the Ada chart just let's look at
this mid December to January right so
mid December right around here
Bitcoin truly breaking all-time highs
and making moves and Ada didn't get its
breakout until January right so it got
its breakout in January now am I saying
that Bitcoin is go or I'm sorry Ada is
going to to repeat this there's no
guarantee everybody there's no guarantee
history will repeat but the purpose
first of all to do this video and show
you this is to say and I and I've said
this time after time probably over over
years now Ada does lag but when it
finally moves it really moves very
strongly so yes be prepared history
doesn't always repeat but also be
prepared that if history does repeat as
of right now we are right on track
because if you look at the adaa charts
again look at this Bitcoin breaking so
Bitcoin breaking basically breaking mid
December in was breaking all-time high
mid December and check this out Not only
was AA still down and away from alltime
highs
80% but even while Bitcoin was going
crazy a was falling another 30% AA
looked completely demolished for the
cycle and then all of the sudden look
what happened a went crazy a went crazy
to the upside and so it's the perfect
demonstration of how Ada lags again just
look at this picture alltime
High where Ada was that piece that part
of the last cycle over 80% down while
Bitcoin was breaking its all-time high
and Ada is there once again doing a very
similar move it's lagging behind but
that doesn't take away from the fact
that ADA right now is extremely bullish
we go back to the weekly chart I just
want to look at the RSI momentum of of
ADA right now a lot of similarities
there and then I just wanted to talk
about macro targets and really could be
short to midterm targets they're macro
took a while to get here in this part of
the cycle but could
happen fairly
quickly look at the RSI slower moving
momentum oscillator again we're
comparing these moves so many
similarities it's incredible and we have
kind of this little bit of an uptrend
back here and again right here is when
Bitcoin was breaking all-time highs and
Ada was not doing anything choppy waters
on the
weekly similar area bitcoin's testing
alltime highs AA just Cho Waters won't
break out and then look at the RSI just
kind of this falling momentum in this
general area right and look at the RSI
right now falling
momentum What's Happening Here
resistance the the non breakout the
frustration of ADA so I don't know if a
is going to break this this area but I
do know the moment AA broke this trend
and this this moment of hesitation and
just not performing against Bitcoin the
moment that broke that was that was it
that was massive so would it happen now
will we have a couple more weeks of just
what is AA doing and we're just Bing
we're back in the
50s maybe and I will be watching this
trend line to see if ad gets this weekly
breakout on the
RSI but I do know what came next a
massive breakout for Ada the charts look
so similar it's absolutely incredible
and so if we're talking about the
breakout actually happening if it
happens
I would say I if we're looking at the
weekly chart I want to bring up just a
couple points really if I bring up I
think do I
have let's bring up this indicator first
indicator that I just wanted to point
out is the RS or not the RSI this
reversal zone for for Ada when Ada made
the breakout back here this area that
we're comparing ad to right now it it
cruise to the upside and you can see
while it was it was struggling to get
the breakout while Bitcoin was
performing well it was at the the lower
end of this structure or this reversal
zone and right now it's at the lower end
of the reversal zone so the move was in
happened in a couple weeks or so a
powerful move for Ada to the upside and
even really out of the reversal Zone and
you can see that there and if I go and I
look uh on this chart this is another
view of the weekly I want to also point
out there's the reversal Zone up there
it's a it's above a dollar around A110
do2 but not only that if we look at this
chart we have this kind of order book
level type of area of resistance for
this is another Lux algo indicator you
can see this line here it's just where
there's a lot of there's there was
recently in I should say historically a
lot of interest and Market participants
in this area so it's another area kind
of a magnet for Ada right at the upper
end of the reversal Zone indicator that
you see here this red wave that you see
there so two things right there around
a120 let's call it and then the other
thing if we Zoom all the way out what's
back here all-time highs of 2017 this
general area this General line really I
think acting as gravity for Ada right
now and so I think that is why not only
do I see history repeating because it it
really is across all markets all cryptos
you see how the Bitcoin cycle is
repeating bitcoin's doing what it's
doing if Ada follows what it did last
cycle and obviously lagging right now
which is normal and I'm not trying to
put copium out there everybody I'm just
I'm following the data when there are
concerns and things start kind of
falling away from just what's
historically normal I will I will talk
about it but right now things are on
Pace and if Ada breaks out this would be
the target for me right now at that
first targets would be the upper end of
these two areas but just make a note
we're in this Rising wedge for Ada and
there's a higher Target of 140 to150
area so that range 115 to 150 let's call
it that's the target area where there's
that first macro resistance for Ada and
in terms of timeline where we are in
this cycle completely normal for Ada so
these are my thoughts on cardano charts
right now I wanted to put it out there
you know I hope you're enjoying your
weekend let me know your thoughts in the
comments below subscribe turn
notifications on hit the like button
your support it means a ton to me I say
it all the time but I truly am grateful
for all of you out there that are just
kind of following along this crypto
Journey with me so I'll see you in the
next video God bless
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