Cardano Dan's Newsletter - Issue #137
Quality
Quote of the Day
“Quality is everyone's responsibility.”
— W. Edwards Deming
Quality control is important and it is everyone’s responsibility. It’s what has me writing my Saturday newsletter just before midnight.
The Zombie Chains team is working tirelessly to deliver the highest quality NFT project possible and that includes quality control. The whole team is working on it - it’s not just one person’s responsibility.
When you’ve got a team of people who are committed to quality - special things happen. Want to see some of the quality I’m talking about? Check out our artist’s livestream from earlier today.
Key Takeaways from the Past Week
Monday - Live
Monday we talked about truly living life and not missing the opportunity that life provides. We also took note of the latest Cardano technical updates.
Wednesday - Laughter & Pain
Mid-week we noted the importance of being able to laugh at yourself and shared a Zombie Chains NFT speed drawing video.
Friday - No Shortcuts
Friday’s newsletter reflected on the reality that there are no shortcuts to any place worth going. It also revelated that our Zombie Chains artist is Brian Allen the designer of the Philadelphia Flyers mascot Gritty.
Technical Analysis
I think Cardano ADA is about to explode. How’s that for analysis? This is not financial advice. It’s just my opinion.
I’ve talked about Elliott Wave theory before. I won’t get into it in depth again today. What I will say is that the current setup right now looks almost exactly like how it looked at the end of Wave 2 last November. That’s the last time that price got this tight for this long. What happened after that was an ENOURMOUS run from December to February.
In December, price was getting really tighter around the prior July highs. The same thing is happening now as we transition from Wave 4 to Wave 5. It would look almost exactly identical if it weren’t for the Coinbase ADA listing spike in the May timeframe.
I expect the Wave 5 move to be big, but not quite as big as Wave 3. My degree of confidence in the coming move is really high. But, this is just my opinion - you need to do your own research and make your own decisions.
Looking at the crypto majors performance since March 2020 lows. Cardano still in a league of its own among majors.
ETH, BNB, and SOL are looking to put together a run at ADA in the lead. I don’t think they’ll pull it off as I’m expecting big things from ADA soon as described above.
Finally, looking at the market cap ratios against Bitcoin and Ethereum… it’s been an even week against BTC so far and a down week against ETH.
ADA is still on top of important technical support levels in both of these ratios and that’s a really positive sign. I’m not concerned about what I see here at all.
In fact, these are the types of setups that people looking to trade pairs are looking for. BTC and ETH have outperformed ADA recently and there’s an opportunity for ADA to turn the tables over the coming weeks.
That’s it for the weekly recap. Hope you all have a great rest of your weekend!
Before You Go
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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