IS CARDANO IN TROUBLE?! (ADA Price Is On Thin Ice)
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Intro 00:00
Cardano price on thin ice 00:25
Why I am bullish on Cardano 00:40
Let's talk about ADA price and downside 2:00
Why is Ethereum important to Cardano? (ETH vs. ADA) 2:20
Bitcoin is important to Cardano 3:20
Crypto Trader Tax (get it!) 4:15
ADA price testing key support 5:45
How far could ADA dip? 6:40
Cardano support 7:50
Mid-term ADA support 8:30
Cardano price is leaving us guessing, but that is ok! We are prepared for ADA to make any move it wants, and preparation is the name of the game. As we watch ADA price, we need to be 100% aware of Bitcoin price and what BTC is doing. Bitcoin will likely dictate the entire direction of cryptocurrency and altcoin markets in the next 24-48 hours. The other thing to realize is that this is the first full bull cycle for Cardano. When looking at Ethereum in the last bull market, we see a similar move for ETH in its own first bull market.
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📝 *The above video references an opinion and is for information and entertainment purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. This video contains my opinion only and is not meant to cause harm or defame anyone or any entity.
Please understand that cryptocurrency trading and investing is risky. I am not offering advice on how you should trade or invest in cryptocurrency. This channel is reserved for me to track my own journey and document my opinions along the way.
This is not an offer to sell or buy securities.
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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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