Cardano Dan's Newsletter - Issue #118
Spreading Light
Quote of the Day
“There are two ways of spreading light: to be the candle or the mirror that reflects it.”
― Edith Wharton
You don’t need to be the source of light to help spread it around. Some people are the spark or the source themselves. Other people take the spark and magnify it or propel it forward.
Depending on your strengths or interests you may choose one or many ways of spreading light that work for you. The important thing is to spread light and not darkness. How will you spread the light today?
In The News
The Evergrande news that I was talking about early last week is now in the MSM. It is an important situation to keep track of.
The White House has decided to end an 18 month ban on European visitors. People who are fully vaccinated will be allowed to begin traveling to the US again starting in November.
Cardano Updates
Less than a week until the Cardano Summit! More than 50,000 people are expected to attend either in person or online. Don’t miss it! Register here.
Charles hosted a surprise AMA yesterday. In addition to other updates, Charles shared some details about his plans to travel through Africa in October and meet with heads of state and business people throughout the continent.
The overall vision of Cardano remains second-to-none and the team continues working to create new financial services for the people in the world that need them the most.
Technical Analysis / Price Discussion
Cardano ADA is behaving like it did at the beginning of the 3rd wave. This is appropriate for the beginning of a 5th wave.
The Evergrande and budget news provide a negative backdrop that could cause a deeper test of prior highs than at the start of the 3rd wave.
I’m keeping an eye on the uptrend support. If that’s lost on higher timeframes, we likely see a retest down to the $1.50ish region.
I’m not expecting that, but it is definitely not out of the question. If the uptrend holds (or maybe even if it doesn’t) I still expect a nice continuation higher beginning in October.
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.