Cardano Dan - Cardano Dan's Newsletter - Issue #169
Quote of the Day
— Mark Twain If Cardano ADA had a voice, I think it might say something like this right now. If you listen to the trolls and talking heads - ADA recently died the death it was meant to die long ago. We shall see. Key Takeaways from the Past WeekMonday - Hope of Advance We started the week considering how important it is to question what is common accepted as truth for there to be the opportunity for advancement. Wednesday - Secret of Freedom Mid-week, I encouraged everyone to seek out diverse viewpoints and information, learn to be discerning, how to do research, fact-check your own information, and establish your own opinions based on various sources of news and information Friday - Mighty Trunk Friday we took time to reflect on how something really small like a seed can turn into something really big like a mighty trunk of a tree. Some many great analogies related to crypto. Technical AnalysisCardano ADA is showing some technical signs of life. Below you can see a bullish divergence with price putting in lower lows while RSI puts in higher lowers (this is 4 hour chart but daily shows something similar). Zooming out to look at the weekly chart for all ADA price history, ADA is continuing to respect 2017/18 highs as very important and major support. It’s a very strong foundation for a big move higher if this level (and markets in general) hold while Cardano launches DEXs, DeFi, and DApps. Looking at the crypto majors performance since March 2020 lows. ADA continues its fight with BNB and SOL for the top performing crypto major of this bull run. Finally, looking at the market cap ratios against Bitcoin and Ethereum… ADA is green against both BTC and ETH this week and if you zoom in, you on these pairs (not marketcap necessarily) you can see that ADA is looking to break out of downtrends against both pairs. That’s it for the weekly recap. Hope you all have a great rest of your weekend! Before You GoComments are turned on for this post. I’d love to hear your thoughts, questions, feedback, and reflections below. 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! |
Older messages
Cardano Dan's Newsletter - Issue #168
Friday, December 17, 2021
Mighty Trunk
Cardano Dan's Newsletter - Issue #167
Wednesday, December 15, 2021
Secret of Freedom
Cardano Dan's Newsletter - Issue #166
Monday, December 13, 2021
Hope of Advance
Cardano Dan's Newsletter - Issue #165
Sunday, December 12, 2021
Any Landing
Cardano Dan's Newsletter - Issue #164
Saturday, December 11, 2021
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