Cardano Is Following Jesse Livermore’s Accumulation Cylinder, Pointing to Massive Surge Ahead

• Cardano is following Jesse Livermore’s accumulation cylinder.
• This points to a massive surge ahead for altcoin ADA.
• The potential is high for ADA to hit several new ATH prices.

As the price of BTC continues to dwindle, most traders have given up hope for altseason to arrive this cycle. However, a handful of analysts still remain bullish for altseason, which has ignited a hope for new ATH prices for promising altcoins. One of these altcoins includes Cardano’s ADA. Most recently, an analyst noticed that Cardano is following Jesse Livermore’s accumulation cylinder, pointing to a massive price surge ahead.

Cardano Is Following Jesse Livermore’s Accumulation Cylinder

Despite the many calls for the start of the bear cycle, given BTC’s continuous fall in prices, some analysts and traders believe the bull market still has some surge potential left in it. One of the most bearish signs is that most traders are giving up on altseason due to multiple reasons, such as the bear market kicking off, there not being enough liquidity to boost all altcoins, and more.

However, same as how despite the falling price of BTC has not killed off all expectations for Bitcoin to surge and see a new ATH price, expectations for altseason to arrive despite a weak cycle pump for altcoins has not dwindled completely. In fact, for some altcoins, the hype for new ATH targets to be met this cycle has only grown stronger. What’s more, with the 4-year cycle possibly going obsolete, this altcoin price surge may come at any moment.

In that line of thought, if the 4-year bull cycle is no longer in play, then there is also the possibility that certain altcoins could surge at any time at an unprecedented proportion based on the success of their blockchain and network projects, and a huge liquidity flow into its ecosystem. Some altcoins like XRP, DOGE, and ADA are expected to see this huge flood of liquidity soon due to their ETFs being launched shortly.

Massive Surge Ahead for Altcoin ADA

In particular, the Cardano ecosystem has been seeing a lot of progress, gaining the project a lot of attention. With its Founder teasing exciting new announcements, the Cardano community is hoping to see the success of its ecosystem reflected in the price of its native crypto asset, ADA. To highlight, one analyst notices that Cardano’s ADA is currently in a bullish accumulation phase.

As we can see from the post above, this reputed crypto analyst says that Cardano is literally following Jesse Livermore’s Accumulation Cylinder. According to the image in the post, the asset seems to have just completed point 7, the final shakeout before the strongest markup phase. If this plays out, ADA’s next move is a vertical run toward points 8–12. Most people will miss it while holders will make tremendous gains.