ADA TO MOON?? MASSIVE Cardano Rebound | ADA Price Prediction

Hey guys what’s up it’s frank here from Alt quinn buzz and today we’re going to Be discussing cardano now guys stick Until the end of the video for me to Tell you which levels i will be entering This trade which levels you need to be Looking at and why the price action over The past two weeks is actually very Different than the price action over the Past six months and what this means for The price action of ada cardano moving Forward now for those of you who don’t Know we are first and foremost a crypto Investment research company and we’ve Been showing you documented 100x returns Over the past almost six years since 2017 but if you want to receive our Exclusive up-to-date research of course Being up to date things change very Quickly in the crypto space is important If you want to receive that as well as Undervalued gems nfts before we post Them on youtube then check out the link Below down in the description and also In the top pinned comment of this video To join our access group with membership Starting from just 99 a month with that Being said i just want to remind you That none of us are financial advisors So please if you make investment or Trading decisions do them at your own Risk all right with that being said Let’s get started so cardano obviously Fundamental analysis is very important

And for that i suggest you check out one Of the many many videos that we’ve Posted we’ve been fans of cardano for Years now but especially over the past Month we’ve been giving you many many Videos on the channel not to mention if You search for cardano on altquinbuzz Altquinbuzz.com You will see that we’ve posted about 10 Articles in the last month alone so we Are huge fans of cardano look at this February 19th we said cardano ada the Next big thing Over here February 28th cardano 10 reasons why 8 Is the future let’s see what happened What the price action was around that Time february 28th that was right here Okay as you can see since then we’ve had A very nice move up we’ve had about a 43 Move up so guys we are not telling you About the price action just as it Happens we are making certain Predictions and we’re backing these up With a lot of great fundamental analysis And as a bonus of course you get to look At matt’s handsome face here obviously Has a lot more hair than i do so you’ll Get to watch his videos see what 10 Reasons why cardano ada is the future But today guys we are going to be Talking about the technical analysis and That is what i am here to show you so Without further ado let’s get started so

As you can see cardano ate a 34 Price increase of the past seven days This is substantially higher than any of The top 30 cryptos actually i noticed so 34 The next highest rise we had was near at 24.2 So really Knocking it out of the park cardano has Been the name of the game over the past Week and before we get onto the charts i Just want to show you why i always Choose binance usdt so if you go over Here and click on cardano and then go Over to this markets tab and click on That You will find that binance ada usdt has 12 and a half percent of the total Volume of the market that means that Approximately 12 and a half percent of The total trading volume of cardano is On finance and that is why we use ada Usd As calculated by trading view on the Binance platform and fun fact before we Get started cardano is actually named After ada lovelace i find this Interesting she was a 19th century Mathematician who developed the first Algorithm that could be executed by a Machine all right so the daily chart is Actually what’s the most interesting was Revealing some very very important Useful information but like i said we

Will get onto that on the end of the Video let’s first of all zoom out and Just have a general outlook on what is Happening in cardano so on the monthly Time frame you can see that we had a Higher high over here sort of a higher High we had another higher high over Here but what happened on the rsi we had A lower low and we had another lower low And this of course is a bearish Divergence so it’s no surprise that we Had a move down from there okay now you May be looking at this and be saying hey Frank this is a bearish crossover on the Macd isn’t this a bearish sign and to That i would say yes it is but of course As i’ve mentioned before when we are Making trading decisions we want a Convergence of factors to lead us to Either going bearish or bullish to Making a short trade or a long trade and This is only one bearish sign and i Can’t see any other bearish signs Whatsoever on the monthly chart so i Don’t think that this bearish crossover Really means much of anything at the Moment And certainly we have a bullish sign Over here i want to show you this this Was very interesting price action so i’m Going to draw a box here to denote the Previous support marked by the bottom of The Lows of these candles and as you can see

The highest low we had was here at just Over a dollar and the lowest low we had From all of these previous candles was At 0.9 dollars and i’m gonna expand that To here so what you can see is that this Was a critical Critical support zone because we had one Two three four five candles which fell As support within this zone i’m going to Mark this in green because that is the Standard color that i use for support Right now look what happened here here We had a break out of this support zone Now this is something which initially Looks very scary it’s like hey actually We broke out of this isn’t this a bad Sign well you have to look at the full Story so this happens very often this is Actually can be a very powerful sign That we are actually going to reverse Why because we have wicks coming down Through this support zone but then Pushing us right back up and then again Another wick pushing us through this Support zone making people think oh you Know it’s all going bearish having a lot Of people entering short at the break of These Important supports and then having to Get stopped out of their trades and then Of course when they get stopped out of Their shorts what happens you get a lot Of liquidations and then you get these Price movements to the upside so this is

What you would call a shakeout or a Fakeout where there’s support it looks Like it’s broken support but actually It’s coming right back up and this is Actually usually one of the best times To buy but of course this is also just One of many factors which are needed Before We can make a investment decision and Again i want to remind you i’m not a Financial advisor but i look for several Factors several reasons to enter a long Trade before i do so that being said if We have a close below 0.9 this will of Any monthly candle this will really not Be a great sign not be a good sign Unless of course again we have a long Wig pushing us down and bringing us Right back up to that level but in General having a close below 0.9 will be A very bad sign because this is an Important support we’ve had one fake out But if we go past down below this like Have a proper close below 0.9 That will definitely not be good but i Don’t think it’s very likely that’s Going to happen so let’s look now at What’s more exciting what’s really Really interesting about this daily time Frame so as you can see this support Zone Is drawn out here i’m actually going to Remove it because this is more relevant On the monthly but let me show you first

Of all let’s look at this but first what I’d like to do is show you a Pattern which is developing here on the Since september 2021 since we had this Downtrend Right now i’m marking the support the Support Of this downtrend and as you can see Things are starting to change especially Over here this is the first time That we’ve had a higher low on the Support which also has led to a higher High and this is what makes these past Two weeks of price action right these Past two weeks so so important and what Makes it so different from all the Previous price action now to show this To you more clearly i’m going to show You previous important resistances now First we had resistance at 2.4 dollars We tried to break through it we failed Then we had resistance at 1.6 dollars we Tried to break through it we failed 1.26 dollars we’re trying to break Through it right now we don’t yet know If this is a failure but more Importantly finally this is the critical Resistance which we have broken through The one dollar basically the one point Let’s just call it the one dollar mark To keep it simple We had this as resistance and we broke Through it like with flying colors right We’ve had many candle closes above that

So what does that mean That means i’m going to show you why Again another reason why these past two Weeks are relevant why they are actually Since february past month why this is Such important price action to watch Have a look at this so i’m going to use My trusted brush here to show you the Story of what happened with cardano over The past six months we had a move down Here a lot of consolidation no real move Up or down then we had another move down Lower high lower low double top over Here again we failed to break through we Came down lower low lower high lower low Lower high just a very clear downtrend But now look at this bam high or low and Bam higher high okay so again this green Box look how this green box is different From all the previous price action of This down since this downtrend started This is the first time we have a higher High and a higher low which is typically How an uptrend starts at the very least It’s the slowing down of a previous Downtrend okay so now let’s get rid of My beautiful yellow squiggly lines i’m Gonna get rid of this green box as well Just to simplify this chart for you Again so what typically happens when you Have a resistance Which is broken through is that it Actually turns into support so now we Can expect or hope at least that there’s

At least there’s one Reason to expect or to hope that there Will be a support if and when we come Back down to this level of approximately One dollar of course we had a close at 0.97 so let’s just say to be safe put This down here at 0.96 Dollars now incidentally this actually Is a very important Zone as we mentioned before there’s an Important support in this area and if we Zoom back we can see that there’s a lot Of times that candles either closed Or had a low which bounced off of off of Or around this line so it’s a very very Good sign that we’ve Broken through this and certainly if we Were to come back down to this 0.97 dollar mark it would be a very Interesting set up for a long trade the Risk to reward would be very good Because basically we could close out the Trade with About a 20 loss Potentially let’s just say 25 loss just To really Not be shaken out but of course what Could happen if you entered here would Be that you would be able to make well If we reached previous highs we would Have 225 All right so that by itself would be About a nine to one but i’m going to Show you wait until the end of the video

I’m going to show you what i think is a Reasonable realistic target over the Coming weeks if you were to enter a long Trade over the coming days all right if You were to enter a medium-term trade Now another reason this is bullish this Price action over the past few weeks is That we had resistance on the rsi we Never really got above 62 we had it as One resistance and then 66 right and now We’ve gotten over there and we’ve Actually came back down so there’s this Is a good sign that there’s a bullish Momentum so we are actually overbought Over here and that usually people get Scared and they think oh we’re Overbought doesn’t that mean too many People are buying and therefore it’s Going to go down not necessarily what it Really means is that it’s a little bit Heated the market is a little bit Overheated and what often happens is Instead of having a big move down we Just have a consolidation and that means That the price instead of going down it Does what it did back here where it kind Of just goes up just has a lot of Erratic movement but generally within The same Zone here okay so it doesn’t necessarily Mean that we’ll have a big move down but It just means that we’ll have a cooling Off in the price action all right And incidentally you can see

That on the rsi over here we also had Like some very explosive overbought Signs and what happened after that we Didn’t have like a massive move down we Had this long consolidation so it’s Quite possible that we’ll have something Similar play out over here where by we Have a consolidation in this green box That i’m marking here and then hopefully Bounce from there to move up although we Will need to see more bullish signals uh Before we can confirm that the uptrend Has really started i mean technically The uptrend Very simply speaking an uptrend is a Higher high higher low higher high these Three components Tell you that we’re in an uptrend So the really the good sign has already Come but this is not necessarily the Best time to buy and again i’m going to Tell you well what target what my price Prediction is for cardano in the short To medium term but before i do that i Just want to tell you about the price Where it is right now and why we might Why we are somewhat unlikely to see a Lot of a lot more bullish price action Over the coming days now as you can see By this red line down here i’m going to Take get rid of these previous red Resistance lines to make this clear and Simple for you because that is really The goal here i don’t want to

Get you to get overwhelmed with all of These lines and charts now look at this Red line over here this marks a previous Resistance and as i mentioned the last Time we had these double tops actually These previous lines are kind of Relevant so if we just put them back we Had a double top over here okay mark That as red as resistance Ctrl c ctrl v and then we had another Resistance over here double top so this Is the third time we have a double top And you know this unfortunately is not a Good sign if we come down from here and That conversely if we break through this Then you know we have a very powerful Signal that a new uptrend has started in That we could reach An ada price of you know three dollars And higher and start reaching new highs But this resistance not only is a double Top but also marks the highest trading Volume as marked by these yellow and Blue bars on the right side here so Between 1.8 dollars and 1.3 There’s been a lot of price action here So it’s unlikely that we will break this In one foul swoop It’s somewhat more likely that we will Have either a consolidation in this Green zone Or maybe another more drastic move down

To sort of 0.8 Dollars Before moving up Okay now that we’ve gone through that What is my price prediction what would i Be looking at what kind of level in the Short to medium term would i be looking At to sell so to to figure this out we Are going to look at our trusted fib Retracement We’re going to take it from the top Of this downtrend to the bottom we’re Going to look now at the most likely Place at which we would find resistance And this is at the 0.68 this is a very common place to look For initial Profit taking or the bradys to expect Some sort of Resistance and we’re going to look for Convergence to Prove or at least to give not to prove You can’t prove anything in ta but to Give more reason why we might find Resistance at this zone so again we’re Marking from the top here we had a Double top at 2.4 dollars and i’m gonna Mark it to the bottom here of actually Two point one One one Dollars one one 116 And this i would see as the resistance Zone so i would expect that we would Have a good chance i would say the

Chances are more likely than not at Least 55 to 60 That over the coming Months or two months or probably over The coming months That we would have a chance of having From the current price almost a hundred Percent return now this is A pretty awesome return if you ask me Again i personally am not buying at this Level because if i do i would have to Stop out my trade with a almost 40 loss Potentially i don’t really like those Odds but where i would be buying again Is somewhere in this green box maybe Dollar cost averaging in but personally I would i’m looking for a better price I’m hoping that we can get down to find A New higher low on the daily so again Just to remind you with our trusted Brush here we have a high a higher low a Higher high so really the best time to Buy is when we have a higher low when There’s been a bit of a cooling down of The price and this 0.95 dollar mark is The probably is the best time to buy Because there we would have Very a lot of convergence around this Being a support you know it’s quite Possible that we do something like this Whereby we have a A wick which goes so we have the high Higher low higher high and then we go

Down and then the candle closes here but We have a wick which takes us down here And then brings us back up so just be Aware in trading you often have these Wicks which shake people out and that’s Why it’s important not to have your stop Losses too close to your support lines All right guys that’s been it for today I’m trying to think if there’s anything Else yep let me know down in the Comments below do you think ada will Start a new uptrend do you think we will See any price below 0.77 Or do you think that now is the time to Buy Let me know down in the comments below Is it a buy or is it a sell so with that Being said guys don’t forget to check Out matt’s video literally posted today Top five ada cardano ispos for april and Don’t forget to check out the pinned Comments find the most undervalued gems Up to date research and nft buys with al Quinn buzz access guys it’s just 99 per Month we give you the information there Before we give it to our subscribers Here on youtube i hope you enjoyed the Video and with that being said I’ll see you in the next one [Music] You