Cardano Dan's Newsletter - Issue #149
Quote of the Day
“A happy family is but an earlier heaven.”
— George Bernard Shaw
Family is important. Really important. Not everyone is blessed with having a great family, but everyone longs for that.
People that believe in God and something greater imagine and understand heaven in different ways. No family on earth is perfect. But I like the description that “a happy family is but an earlier heaven” because I think a happy family gives a little glimpse, just a little, into what heaven will be like.
Key Takeaways from the Past Week
Monday - Habit of Resting
Monday I shared a funny quote about resting and laziness and looked forward to a big move from Cardano ADA soon.
Wednesday - Avoid Popularity
Mid-week we considered why it’s important to avoid popularity, especially in the context of investing in crypto. We also celebrated the big move we were expecting.
Friday - Music Speaks
Friday I shared how music speaks to me personally and touched base on inflation news and expectations for gradual performance updates to Cardano.
If you get caught up in the emotions of short term crypto markets, it’s been an emotional week for you.
Cardano ADA broke out of the downtrend resistance in a big move with good volume! And then all cryptocurrencies puked on Evergrande and Inflation news.
ADA has remained above the downtrend resistance which now is attempting to flip to support. So far so good. I am still anticipating big fireworks very soon.
Looking at the crypto majors performance since March 2020 lows. ADA has opened up a little more space on SOL and BNB this week.
I’d encourage people to look at the top majors of this bull market and compare them to the group that’s being left behind. There are some very interesting insights to be gleaned.
Finally, looking at the market cap ratios against Bitcoin and Ethereum… it’s been a fairly even week in both pairs after ADA spiked early in the week.
ADA looks set to explode to me on every different chart I look at and these charts are no different. ADA is on top of established support levels in both pairs. Even if ADA only returned to prior ATHs in both pairs, that would represent a very nice move. But I think it’s quite possible we see even more than that before the bull market is done.
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