Cardano Dan - Cardano Dan's Newsletter - Issue #170
Quote of the Day
― Billy Graham It’s Christmas week! Such a special time for so many people in many different ways. This is the week that Christians celebrate the birth of Jesus Christ. Life can be really challenging for a lot of people, and in the end, we die. But thanks be to God, he provided a loophole where death in this life isn’t the end. Jesus’s birth was a very important part of establishing that loophole. As difficult as it is to remember during all of the business and gift-giving, this is the true spirit of Christmas for me that I will try to remember this week. In The News
Cardano Updates
Technical Analysis / Price DiscussionThere’s a lot going on in this chart. I’ll walk through it. Current ADA price action is getting squeezed in a descending triangle. This is generally a bearish pattern. Looking back to a prior larger descending triangle, you can see that price action faked one way, faked the other, and then dropped. So the direction of initial breakout of descending triangles is not necessarily always indicative of where things will go. IF price breaks down, there is strong support at the $1 level. However, depending how you draw the prior larger descending triangle, the measured move from the breakdown may already be done and ADA is on top of strong support already. If that holds, and with all of the adoption happening, we could be looking at a large move back higher. Much of it depends on macro-economic news and Bitcoin price action. Right now, sentiment is negative, but that can turn on a dime. I’m curious to see how Omicron headlines and government decisions will impact markets. I wouldn’t be surprised to see new “stimulus” justified as a result of economic drag from the spread of the new variant. 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 #169
Sunday, December 19, 2021
Greatly Exaggerated
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
You Might Also Like
Coinbase surpasses expectations with Q1 revenue surge amid Bitcoin boom
Friday, May 3, 2024
A significant component of the revenues was a $650 million mark-to-market gain on digital assets held for investment, following new accounting standards adopted by the company. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Earn $FLOW with this
Friday, May 3, 2024
New Flow Quests just dropped on Flipside. Collect Top Shot NFTs while building your onchain score with Flipside's newest Quest. Get started now Flipside Crypto Get into a ~flow~ while you earn. A
NFT & Blockchain Gaming Weekly - 📈 NFT Lending Volume Exceeds US$2.1B in Q1
Friday, May 3, 2024
NFT Lending Volume Exceeds $2.1B in Q1, Led by Blend. Moonbirds changes copyright policy under Yuga Labs. "Gacha Grab" catapults Azuki NFT sales to $1.1M in a day. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
WuBlockchain Weekly: Federal Reserve Adopts Dovish Stance, Debut of Hong Kong Spot ETF, CZ Sentenced to Four Month…
Friday, May 3, 2024
1. Powell: Unemployment Rate Must Rise by Over 0.2% to Prompt Fed Interest Rate Cut link The Federal Reserve has acknowledged recent setbacks in combating inflation but indicated a higher likelihood of
Fidelity Bitcoin ETF’s $191 million outflow surpasses Grayscale as BlackRock records first redemptions
Thursday, May 2, 2024
All spot Bitcoin ETFs recorded outflows for the first time on record with $563 million leaving funds. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly - 📈 EigenLayer Withdrawal Queue Rises Amid EIGEN Airdrop Controversy
Thursday, May 2, 2024
EigenLayer withdrawal queue count rises amid EIGEN airdrop controversy. Runes make up over two-thirds of Bitcoin transactions since its launch. BlackRock's BUIDL leads the tokenised fund race. ͏ ͏
DeFi & L1L2 Weekly - 📈 EigenLayer Withdrawal Queue Rises Amid EIGEN Airdrop Controversy
Thursday, May 2, 2024
EigenLayer withdrawal queue count rises amid EIGEN airdrop controversy. Runes make up over two-thirds of Bitcoin transactions since its launch. BlackRock's BUIDL leads the tokenised fund race. ͏ ͏
VC Monthly Report: The number and amount of financing in April both decreased MoM
Thursday, May 2, 2024
Author: WuBlockchain According to statistics from RootData, there were a total of 161 publicly announced investment projects in the crypto VC field in April, a decrease of 13.4% from March 2024 (186
Reminder: Bitcoin Makes History By Becoming The Scarcest Asset In The World
Thursday, May 2, 2024
We bring you the top stories in crypto every week! Stories like... Monday April 29, 2024 Sign Up Your Weekly Update On All Things Crypto TL;DR Bitcoin Makes History By Becoming The Scarcest Asset In
Bitcoin falls below $57k as $13 billion in leveraged shorts placed on major exchanges
Wednesday, May 1, 2024
Major support at $50000 as Binance shows strong buy walls with large orders ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏