Cardano Dan - Cardano Dan's Newsletter - Issue #151
Quote of the Day
― Julia Child I’m passionate about freedom, technology, and finance. Blockchain is at the intersection of those topics, so it was a natural fit to catch my attention. Since 2017 I’ve kept tremendously interested in blockchain and it’s a passion that’s served me well. I plan to continue feeding that interest for years to come because good things happen when you invest in the things you’re passionate about. Julia Child is a great example of that. In The News
Cardano Updates
Technical Analysis / Price DiscussionCardano ADA made a big move and it was down. It wasn’t horrible though. It brought a retest of the .618 level and the 200D EMA. It also put more volume into a Volume Profile gap I’ve been watching (not shown). All in all, it doesn’t change my expectation that we see a big move up soon. As I’ve discussed in the past, picking the exact turning point between short-term trends is tricky business. The most important thing is making sure you know where markets are in long-term trends and cycles. I remain convinced this bull market has more time and room to go. Short-term, ADA is due for at least a relief rally after ADA has seen a 26% decline over 7 days. Don’t be surprised if the relief rally turns into the short-term trend reversal we’re looking for. 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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