Cardano SHOCKWAVE Is Near! (ADA Plotting EXPLOSIVE Move!)

Summary

The 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

00:00

📈 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.

05:01

🚀 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.

10:02

🎯 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.

Keywords

💡Bitcoin

Bitcoin is a digital currency that was the first to use blockchain technology. In the video, it is used as a benchmark to compare the performance of other cryptocurrencies, particularly Cardano (ADA). The script discusses how Bitcoin is testing all-time highs, which is a significant event in the cryptocurrency market and serves as a point of comparison for Cardano's performance.

💡Cardano (ADA)

Cardano is a blockchain platform and cryptocurrency (ADA) that is mentioned extensively in the video. It is compared to Bitcoin to illustrate its performance and potential. The video discusses Cardano's historical price movements, its current market position, and the possibility of it following a similar trajectory to Bitcoin's past performance.

💡All-time highs

All-time highs refer to the highest price a financial asset, such as a cryptocurrency, has ever reached. In the context of the video, it is used to describe Bitcoin's recent price action and to contrast with Cardano's current price, which is significantly lower than its all-time high, indicating potential for growth.

💡Bull market

A bull market is a period of time in financial markets where prices are rising or are expected to rise. The video uses the term to describe the current market conditions for Bitcoin and to speculate on the potential for Cardano to enter a similar phase of growth.

💡Crypto social media

This refers to online platforms and communities where cryptocurrency enthusiasts and traders discuss market trends, share opinions, and make predictions. In the video, it is mentioned as a source of consensus that Cardano is underperforming, which the speaker aims to challenge with data and analysis.

💡Technical analysis

Technical analysis is a method used by traders to analyze and forecast the future price movements of financial assets through the study of past market data, primarily price and volume. The video uses technical analysis to compare Bitcoin's past movements with Cardano's current trends, looking for similarities that might predict future performance.

💡RSI (Relative Strength Index)

The Relative Strength Index is a momentum oscillator used in technical analysis to measure the speed and change of price movements. In the video, the RSI is used to assess the momentum of Cardano's price action and to identify potential breakout points or areas of resistance.

💡Reversal zone

In technical analysis, a reversal zone is a price range where a financial asset's price is expected to change direction. The video mentions a reversal zone for Cardano, suggesting that if the price breaks out of this zone, it could lead to a significant upward movement.

💡Macro targets

Macro targets refer to long-term price objectives or resistance levels that an asset is expected to reach based on analysis. The video discusses potential macro targets for Cardano, which are price points that could act as significant resistance or support levels in the future.

💡Market participants

Market participants include all individuals and entities that buy, sell, or otherwise influence the price of assets in a market. In the context of the video, market participants are mentioned in relation to their historical interest in certain price levels for Cardano, which could influence future price movements.

💡LUX algorithm

The LUX algorithm is a technical analysis tool used to identify potential areas of interest or resistance in the market. The video refers to a LUX algorithm indicator that shows historical interest in a specific price range for Cardano, suggesting that this area could be a point of focus for future price action.

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