Cardano Dan - Cardano Dan's Newsletter - Issue #122
Quote of the Day
― Harry Truman A lot of great people have put this quote on their desk as an important reminder. Nothing great is truly ever accomplished without a lot of unsung heroes. This is important to keep in mind coming out of such a great weekend of updates at the Cardano Summit. There are so many hard-working individuals in the Cardano community and ecosystem the do their part behind the scenes without any acknowledgment or credit. They do it because they care about the end result - they want to change the world for the better. This newsletter is dedicated to all of those people. Thanks for your hard work and dedication to changing the world for the better. I see and appreciate you. Cardano UpdatesToday’s newsletter is all about the Summit! Too many exciting things going on to spend space and time on anything else. Here are just a few of the top highlights from the weekend along with links to help you find more info about the topics you’re most interested in.
Technical Analysis / Price DiscussionZooming in a little more than normal to discuss how Cardano ADA behaved around the Summit. ADA saw a nice price increase to a confluence of resistance right at the start of the Summit. After that, it saw a drop during Day 1 and then some sideways action during Day 2. Seems pretty normal to me. People bought hoping for crazy news. Some sold a little because the news wasn’t earth-shattering. If you zoom out like I did in Saturday’s newsletter, and consider that we’re about to enter historically bullish months of October - December, the situation looks pretty good to me (as long at the regulatory and Evergrande situations don’t get out of hand). I’m looking for a breakout from the short-term channel shown below and the solid Wave 5 movement higher to begin in the next two weeks. This newsletter is for entertainment and educational purposes. I’m not a financial advisor and you should do your own research and consult a financial advisor before investing in cryptocurrencies. If you liked this post from Cardano Dan’s Newsletter, subscribe to get it 4 times a week! |
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Cardano Dan's Newsletter - Issue #123
Thursday, September 30, 2021
In Charge
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