Cardano Dan - Cardano Dan's Newsletter - Issue #175
Quote of the Day
― Henry Ford We all run into issues and problems every day that make us want to complain. And who can really blame us? There’s a lot to complain about and it sometimes feels good to vent. But complaining is the easy path. And if you do too much of it, you’ll find that people don’t really want to be around you much. You know who people do want to be around? Problem-solvers. So next time you run into a problem, find a remedy. It will make you and the people around you feel better and be better. In The News
Cardano Updates
Technical Analysis / Price DiscussionAs described above, the Fed nuked markets today and that includes crypto markets. Cardano ADA is testing important support levels as we speak. I don’t care for how things look. The same trendline is being tested again and trendlines fail after too many tests. A “death cross” happened about a month ago, and ADA is risking a break below the Point of Control on the Volume Profile. On the flip side, I know that often times when I don’t like how things look, it’s just before a turn-around. The hypothesis that we’re still in a bull market is being tested to its limits. I’m still a bull market believer and think we could be close to capitulation in the current move down with a fake-out break below the trendline. It’s very hard to say and we shall see what happens after the markets are done digesting this most recent Fed news. I wouldn’t be surprised to hear some dovish comments from Fed officials over the coming days that lift markets. Something like, “Omicron trends could force us to slow the plans discussed at the last meeting.” 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 #174
Monday, January 3, 2022
Better Man
Cardano Dan's Newsletter - Issue #173
Wednesday, December 29, 2021
Few Wants
Cardano Dan's Newsletter - Issue #172
Monday, December 27, 2021
Human Connections
Cardano Dan's Newsletter - Issue #171
Thursday, December 23, 2021
Purpose
Cardano Dan's Newsletter - Issue #170
Monday, December 20, 2021
A Loophole
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