CARDANO Price Explodes! SERIOUS POWER MOVE Unleashes ADA Bulls!
so much happening in that Weekly green candle that you see playing out on the screen still three days six hours we’re gonna dig into the charts we’re gonna zoom in we’re gonna see support resistance all that good stuff targets what’s going on with Aid in the short term how it’s reacting to the news that broke today but fundamentally so what’s happening in this green candle extremely important of this long-term story of cardano that we’ve been tracking right so I wanted to definitely break down the charts before we do everybody I want to just go over
something this was from February Ada will likely not be considered security for two simple reasons cardano Ico was in Japan not available to us investors number two a judge recently ruled in library case that secondary sales of LBC tokens were not Securities can we add this to the list U.S judge declares xrp is not a security if you’re a crypto holder in general this is a huge day so so congrats to you there’s a pound it’s a really good day for xrp holders for Ada holders for Bitcoin holders we’re talking about we need Clarity in
the space right and we’re slowly getting it it’s happening in the courts in Congress this is Tom emmer GOP majority whip making a really good point the Ripple case
a security at all for now multiple multiple multiple reasons as this is happening everybody we continue to see cardano defy and just look at this chart look at cardano D5 this is a USD I want to point something out this was a bull market High 320 just over 300 million dollars we’re not even in the bull market bull market has not even started yet right we’re just kind of in a winter still 182 million dollars right now the next bull market High let’s say it’s in 2025 can only imagine what total value locked for cardano
would be but look at the Ada total value lock chart it is just it just keeps going up you look at these protocols down here building on cardano dex’s CDP Lending uh nft lending look at these gains D5 right now is exploding and it is just it’s like the first inning it’s not even the game hasn’t even started that’s all happening so a lot coming together for Ada as we just survived this bear market and as we wait for the pivot now let’s talk about this let’s talk about the charts on cardano all right there’s
so much going on here first thing I just want to make note of is at a glance you can kind of just see this area around 42 cents for Ada’s has kind of been just this area of resistance especially as we’re trying to Pivot we’re trying to Pivot out of the bear and into into a new cycle to the upside I think that 42 Cent areas is probably a notable area you actually can even just go when Ada was falling in the last bear Market in 2018 it actually balanced right to this area so I
think that that horizontal trend line is is definitely useful I think I might leave it there but on top of that let’s discuss the move that’s happening right now we’re going to talk about short-term targets what’s happening with Ada I want to discuss the move on the weekly briefly and there’s still three days six hours so it’s going to be important to see how this plays out over the course of the next few days or so I want to open up the CCV Power Band which basically helps us identify resistance support Trends right Trend hints
of trend reversals so what I’m seeing I think the most notable thing that I noticed was Ada exiting this this bottom band this purple band it’s a big deal because that’s what we want to see we want to see Ada spending its time in the blue and that’s probably still a time time away before that happens but you can just see Ada in a bull environment just spending a lot of time a lot of time in that blue where at the very least above the you know the upper 50 of the band so escaping this
oversold area of fear that’s that’s a really big step on this weekly we need to see how this weekly ends but you can see we have two lines here this more straight line that’s that’s this momentum line it’s currently red I’m currently waiting for that to turn turquoise it’s still red uh it was turquoise it was turning turquoise after entire bear Market of red it was turning turquoise and what happened SEC had to step in kind of kind of ruined that on the the short term waiting for that line and then we have this moving
average line it’s kind of a smoother a smoother moving uh 20 20 moving average waiting to see if Ada can get above there and turn that turquoise as well but look at the immediate resistance at these two lines just such confluent resistance happening with the CCV Smart Band I’m going to talk about these CCV indicators towards the end of this video so make sure you stay tuned on how to get access to them and all that good stuff but lastly on this weekly I wanted to discuss this macd the macd line getting ready to at
the very least it’s not happened yet getting ready to this blue line crossed the signal line in red all the while we’re getting this upward momentum back into the green and this is where we were before the SEC kind of said nope right so we’re looking for this strength of momentum to the upside so it’s going to be very telling to see how Ada ends this week in the next three days six hours that’s what I’m watching right now on the weekly charts we’re slowly watching the shift though from bear to Bull let’s go to
the Daily so a lot Happening Here resistance a huge piece of the story doesn’t matter how bullish the news is we talk about this all the time headlines can act as kind of a trigger to make you know an event can trigger an event a trick an event could trigger a move on the Ada charts or on any crypto chart but even still we really do have to respect the technical analysis that’s that’s sitting there and cryptos do that right and we’re going to get a firsthand look at that happening we had a we had
a formation we actually go to a six hour to look at what that looks like you can see this chart Prime indicator painted a symmetrical triangle on the chart just such nice structure you can see what happened though and this is such a good illustration we got this break to the downside that’s what the x is is breakouts we had a smart Target of around 26 Cents but check it out there was like no separation from this lower trend line and what are we getting we’re basically getting a busted pattern we talk about these all
the time kind of a fake breakout to the downside and boom explosion to the upside not to mention and this is a really good time to mention right to the Target we’re looking at like a 34 35 Cent Target 34.5 Target for Ada look at that six hour boom so we have this event that triggered Ada to just break out of the Apex or the symmetrical triangle to the upside Hit the Target and now we have immediate resistance it is of no surprise the reason why this resistance is really notable is if you go to
the daily chart we have this Fibonacci resistance now that ADA is is kind of playing around with before the SEC stepped in and did what they did and Ada fell we had this area of consolidation we’re going to take it from that point to this next area of consolidation down here it’s a lower high Fibonacci resistance the 620 is right around 33.5 cents the 786 right around 35 and a half cents and we have a 200 day moving average because we’re on the daily chart just confluent with that that red line look at that resistance
so much resistance here and Ada’s it’s respecting that is that to say it is not going to break above it it very well can and that would be an extremely bullish move but remember what we’re waiting for is Ada in general to get back to where it was before all this SEC fear uncertainty and doubt kind of came into the into play we’re looking for Ada to make back all those losses part of that is breaking through these resistance areas so this is the immediate resistance I’m really watching 30 let’s just call it 35 and
a half cents to 33.5 cents in there we have the target out of the symmetrical triangle it’s been hit so there’s so much confluent resistance where Ada is right now if we see strength in Ada this is such a big deal for these Ada charts I want to open up on the Ada charts on The Daily this momentum oscillator this is the CCV smart wave and this paints multiple things obviously momentum right the ribbon kind of acts as a quicker moving momentum oscillator we have the stock RSI the ribbon is is a very similar portrayal
of that oftentimes it acts as a leading indicator for Ada but the thing I want to talk about in this particular video what’s happening right now is Ada on this histogram you see it turning turquoise that histogram will really give us an idea of the momentum to the upside the Ada still has right so we’re going to see this this quicker moving ribbon we’ll see it pivot we’ll see it move quick right throughout all different consolidations and even pumps of ADA it’ll give hints as it approaches oversold uh or I’m sorry overbought it’ll give hints
of hey anticipate some consolidation and then same to the downside anticipate some consolidation right but this histogram check this out just we’re going to zoom out just a little bit I want to just make note of this histogram when it was kind of going turquoise to the upside approaching overbought previously and this is back in April this was a really great indicator in terms of finding basically the top before next consolidation all the while you can see that chart Prime uh Rising wedge upper trend line being hit right so taking all these indicators bringing into
play Confluence is so important when doing this but just look how nicely this overbought histogram was same thing kind of happened back here this was back in the beginning of the year in January histogram we’re getting these really nice moves to the upside look Ada escaping the 20-day moving average just as it is right now we’re starting to get the histogram go turquoise just making really nice moves you can even just see actually uh this this ribbon just called a really nice area of consolidation on the quicker moving uh charts but my point being when
this histogram is getting into overbought right overbought overbought it’s tending to maybe take a break or consolidate maybe come back down and put in a higher low my point bringing that up is this it is making a very powerful move right now and there can be short-term consolidation right there can be short-term resistance and we’re going to look at short-term consolidation even a throwback for Ada on the short term but look how much room still and time there is to potentially uh continue to the upside on this histogram for Ada similar to what it did
in April similar to what it did all the way back here in January there’s a lot of room for momentum to the upside meaning there’s there’s room for Ada to make an explosive move to really pivot this entire cycle around so that’s something I’m very much watching uh on this CCV smart wave I think it’s it’s acting as such a nice visualization Tool uh for these Ada charts going to the six hour still around five hours left on this six hour candle I don’t know if it’ll if it’ll close this ugly or if it’ll continue
a power move to the upside the reason that power moved to the upsize is important because remember 35 and a half cents is the Fibonacci resistance upper end and also we’d be breaking this 200-day moving average so if the six hour candle gets momentum to the upside that could be a really good sign for Ada however we hit the target so I don’t know what’s going to happen in the short term I will tell you what I’m monitoring besides that resistance is a throwback this happens it really does just happen so a throwback could be
to around the third 29 to 30 Cent region for Ada uh as well as we can probably chart a Fibonacci to give us some nice context to some type of throwback swing low consolidation before this blast off we have this Fibonacci retracement it’s right around 30 cents at the 786 to 31.5 so if Ada does just take a break and cool down and trickle sideways this would be a very nice area to watch for support uh whether or not it holds it’s something to analyze and wait for but just a really really key area to
watch for so this is all the things I’m watching for on the Ada charts right now such an important move though everybody in terms of just this macro pivot into the next Bull cycle as we prepare for the next Bull cycle in terms of ADA getting back all of these losses uh that that the SEC pretty much brought into play for for Ada investors this is a really nice move to make that up so we’re going to continue monitoring all these things so these indicators everybody that I want that I’ve been watching and and by
the way I should also mention even the chart Prime indicators here’s one which is basically this symmetrical triangle that was painted by chart Prime so Market Dynamics Pro there’s a market dynamics or sorry market Oracle Pro that we didn’t even talk about in this video uh that is offered by chart Prime Point bringing this up is I have this collaboration that I’m launching literally right now with chart Prime you’re getting chart primes product when you go sign up with chart Prime Seven day trial this is the deal you’re getting my indicators for free you’re not
paying extra for it and you’re also getting uh the CCV Pro course that I’ve been working on since last year you’re getting it for free so simply put I’m collabing with chart Prime when you sign up with them on in the link below you’re getting all the chart Prime stuff the tools but you’re also getting my CCV smart wave that we just discussed as well as the CCV Pro course which I’m really excited about I want to just make a note of something uh I’ve discussed the power band in this video that’s still kind of
something I’m testing I’m still working with uh this will be in play obviously when it’s released but it’s not released right now as part of that deal but we’ll definitely be using the tool as we get used to it and and track the data so really excited to be collabing with chart Prime so make sure everybody go try it out try out the CCV smart wave and uh try out the chart Prime products and get started with the CCV Pro course I will be adding content uh to that just trying to over deliver in value
uh just as we continue to subtract just my crypto journey and crypto in general so I’m going to leave you with the nice little promo video that many of you probably have already seen but I appreciate each and every one of you an awesome day for crypto today I’m I’m genuinely very optimistic about the future for crypto I was already optimistic but now I really am optimistic subscribe if you’re not a subscriber hit that like button I’ll see you in the next video God bless foreign
