As stated in the video, we're in a really similar market condition to XMas 2020, even down to the amount of time it took from touching the channel support channel trend line to breaking the 10 and 20 day moving averages (36 hours).
As such, combining this with the fact that Bitcoin has held the 50D MA, I'm of the opinion ADA is bullish in the short term. If we continue to match the price performance around XMas 2020, that took 4 days and 4 hours from touching the channel support to leave into clear skies away from the 10 and 20D moving averages. We're within 24 hours of that 4 day and 4 hour mark, so it's a good time to pay attention to the price of ADA, as we might see a move up towards the ATH any time now.
Exciting times!
As such, combining this with the fact that Bitcoin has held the 50D MA, I'm of the opinion ADA is bullish in the short term. If we continue to match the price performance around XMas 2020, that took 4 days and 4 hours from touching the channel support to leave into clear skies away from the 10 and 20D moving averages. We're within 24 hours of that 4 day and 4 hour mark, so it's a good time to pay attention to the price of ADA, as we might see a move up towards the ATH any time now.
Exciting times!