Cardano Dan - Cardano Dan's Newsletter - Issue #166
Quote of the Day
― Orville Wright People who change the world work under a different set of assumptions than most. We’re at an inflection point in history and I’m willing to challenge a lot of assumptions about finance and the way the world of finance works than most people are. But I’m probably preaching to the choir. Many of you are willing to challenge the same assumptions. We may fail as a result of this bold approach. But on the other hand, we may see incredible success just like Orville and his brother. In The News
Cardano Updates
Technical Analysis / Price DiscussionI’ve been doing a lot of zoomed out analysis of Cardano ADA recently. Let’s zoom in today. The small downtrend channel shows the first important resistance for ADA to break on small time-frames. The horizontal red line shows the first important level to regain and flip to support. The horizontal bold green line is the point of control for the volume profile at the top of Cardano’s price action this year. It’s very big support. The other bold green line is very big support that’s been tested a number of times now. But we really don’t want to see it tested much more or it could fail. Together the bold green lines represent VERY important support. If they fail, ADA could go MUCH lower. The big channel that you only see part of is the bull cycle channel and if ADA reenters and reestablishes that channel, it bodes very well for a continued bull cycle. 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 #165
Sunday, December 12, 2021
Any Landing
Cardano Dan's Newsletter - Issue #164
Saturday, December 11, 2021
Some Things
Cardano Dan's Newsletter - Issue #163
Thursday, December 9, 2021
Nothing Permanent
Cardano Dan's Newsletter - Issue #162
Tuesday, December 7, 2021
Sweet Fruit
Cardano Dan's Newsletter - Issue #161
Sunday, December 5, 2021
Simple Smile
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