Cardano (ADA) • Signs of weakness. Major correction ahead?Cardano saw impressive bull run to become one of the top 5 high cap coins over the past months.
However, like most alts it starts showing some weakness specially when we take in consideration the decline in volumes.
In this video I walk through the high timeframe charts to draw some technical levels that I consider important to look at.
ADAPERP
Cardano (ADA) • We hit another target. Now to next one. Cardano hitting pretty much all targets and forming more consolidation. This rally likely to take us next target (around 40% from here) and pretty soon ATH into price discovery.
At the date of this video. Cardano took XRP marketcap and is now the 3rd biggest (discounting USDT) crypto by marketcap and around 1/10 of the size of ETH. In my opinion ADA will gain significant marketcap simply because it offer better RR than top 2 and as result will rive a lot of speculative liquidity into it and pushing into higher levels faster than ETH and BTC.