Cardano Dan - Cardano Dan's Newsletter - Issue #182
Quote of the Day
― Alan Shepard The last few months have felt like an eternity to Cardano investors who expected Dapps and DEXs immediately after the arrival of smart contracts. But the long wait is finally over and the dawn of Decentralized Finance has arrived on Cardano this week. Make no mistake about it, it’s the reason ADA price has jumped, and there is a lot of excitement ahead in the coming days and weeks. Enjoy the ride! In The News
Cardano Updates
Technical Analysis / Price DiscussionI said on Saturday:
Well, we didn’t need to wait long! ADA jumped higher on news that the first AMM DEX will be launching on Cardano. The last two times Cardano broke through $1.50, it catapulted almost directed to $2. Looking at recent price action volume profile, there is a gap that suggests the same thing could happen again if Cardano ADA holds $1.50 as support. I haven’t seen bullish price action like this on Cardano in months. It’s looks very good. Looking for a break of $1.60 now to establish a higher high. 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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