Cardano

Bull Market

Bitcoin

Coin

<ul class="news-points"> 
 <li><strong>Unlike BTC, ADA does not need Fibonacci to break the bull market door, Gambardello said.</strong></li> 
 <li><strong>The ChoCh and break of structure would help ADA beat the resistance it may face on the way.</strong></li> 
 <li><strong>The $0.56 region could be a good entry should ADA drop to that level.</strong></li> 
</ul> 
<p>Dan Gambardello, a crypto analyst, revealed that he has finally found a bull market door for <a href="https://coinedition.com/cardano-ada-price-prediction/">Cardano (ADA)</a>. According to Gambardello, it was difficult to identify the door on the ADA because <a href="https://coinedition.com/bitcoin-leads-charge-after-market-witnessed-bearish-weekend/">Bitcoin (BTC)</a> is the only asset that offers easy access to the indicator.</p> 
<p>A bull market door is described using the Fibonacci retracement levels. Notably, it focuses on the bear market low to a bull market high. The analyst, in the video shared, noted that BTC had notable bull market doors in past cycles where the price action went on an exponential rally after.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">CARDANO Pounding On BULL MARKET Doors! (WATCH OUT!)<br><br>Intro 00:00<br>What are bull market doors? 00:20<br>LOWER HIGH (correction) 00:35<br>Careful of resistance/pullback in short term 3:00<br>Step 1 of Cardano bull market doors 5:20<br>Step 2 of bull market does 6:00<br>New cycle uptrend for… <a href="https://t.co/0JcHkUrjhW" target="_blank" rel="nofollow">pic.twitter.com/0JcHkUrjhW</a></p>— Dan Gambardello (@cryptorecruitr) <a href="https://twitter.com/cryptorecruitr/status/1737255587052765213?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 19, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-ada-to-move-early"><strong>ADA to Move E…</strong></h2>
<p>The post <a href="https://coinedition.com/cardanos-ada-bull-market-door-identified-analyst-declares/">Cardano’s (ADA) Bull Market Door Identified, Analyst Declares</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Cardano’s (ADA) Bull Market Door Identified, Analyst Declares

Table of Contents

Coin Edition

Other articles published on Dec 20, 2023

SHIB Coin Price Analysis: Sideways Trading or a Rally to $0.000015 Zone?

Neoki is Revolutionising the Design and Creativity in the Digital Matrix with DeMa

Pro-XRP Lawyer Backs Mike Novogratz’s BTC Spot ETF Approval Timeline Prediction

SEC Continues Meetings with Applicants for Spot Bitcoin ETFs: Will Approval Come Before January?

Top 10 Rules to Spot Next Crypto Gems – Part 2

Crypto Emerges as Key Determinant in US 2024 Election, Report Finds

Join our free newsletter for daily crypto updates!