Cardano Dan - Cardano Dan's Newsletter - Issue #140
Quote of the Day
― Plautus The Zombie Chains NFT drop went really well! Thank you to everyone that participated in the drop and joined our growing community! It is a occasion to celebrate and celebrate we will. The team will drink some wine, beer, and other beverages and we’d like to share some sweet words with all of you… You’re all amazing and we appreciate you supporting the work that we do - it’s so wonderful to be able to use our creativity and passions to bring you ideas and digital collectibles that you enjoy. Thank you! In The News
Dropped by the MOE today to discuss the digital transformation of Ethiopia's educational credentials. Five million students on schedule Cardano Updates
Technical Analysis / Price DiscussionIf I’m being honest with myself, I think it’s likely Cardano ADA bounces around between $1.90 & $2.00 for a while. That’s because there hasn’t been much volume traded at that level. The next most likely scenario is that markets blow through the 50D EMA, establish support there, and then move higher. I can easily see this happening too and think it’s just as likely as the first possibility above. The other possibility is that Cardano ADA could drop lower and test the bottom of the Channel and prior levels that it tested from Feb - August between $1 & $2. I think this is unlikely because of how much volume has been put in below $1.85, but it’s possible and is worth being aware of. If Cardano ADA would lose the Point of Control of that range - $1.25, that would be a bearish turn of events. Again, I’m not expecting it, but it’s worth being aware of. The way Cardano ADA moves out of this low volume area will be telling for the months to come. I’m still expecting the Big Wave 5 I’ve been talking about for 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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