In a recent episode of the YouTube series “Cheeky Crypto,” host Nick provides a detailed technical analysis of Cardano (ADA). He addresses confusion caused by previous videos about market expectations and criticizes those who change their market directions without logical explanations. Nick discusses the concept of time horizon, emphasizing the need for ups and downs in order to go up. He aims to offer larger timelines for viewers to consider. The video includes a chart comparing ADA against USD Tether (USDT) on the Bitget spot exchange, using Lux Algo’s smart money concepts to identify big orders. Nick discusses fair value gaps in the cryptocurrency market, specifically focusing on ADA. He explains how these gaps are created and how they are used by smart money. The video also touches on overlapping movements and fair value gaps, as well as the potential for prices to move downward. Nick analyzes a chart indicating a bearish trend and mentions the possibility of a five-wave drop in price. He concludes by expressing his opinion that there may be another move to the downside before a push up, and that a mass sell-off of ADA is likely to occur, resulting in volatility in the market.
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