Cardano Dan's Newsletter - Issue #160
Living Dead
Quote of the Day
“Some people die at 25 and aren't buried until 75.”
― Benjamin Franklin
Many people start out life with all sorts of hopes and dreams and then the pain, worries, and challenges of life beat them down to the point where they’re just getting by but hardly really living.
I’ve lived long enough to experience this in small ways and to understand how this could happen in bigger ways. It’s a horrible tragedy. I’m trying to take steps to truly live. I hope you will too.
In The News
Federal vaccine mandates are under increasing legal scrutiny. I’m hopeful there is more clarity about mandates early next year but am not holding my breath.
Markets are puking across asset-classes amidst omicron concerns, tapering plans, rate increase expectations and more. Bond markets are suggesting that the Fed is wrong and markets will likely force the Fed to shift course before their plan is even implemented like they have in the past.
Cardano Updates
We’ve announced the next steps for Zombie Chains! Zombie Hunters are going to break even “NFT Rules” than Zombie Chains did!
Liqwid announced that they’re integrating ADA/USD Chainlink Price Feed for core protocol functions such as initiating loans, updating collateral asset value, and triggering liquidations of undercollateralized positions.
This is just one example of really exciting development progress happening right now.
Technical Analysis / Price Discussion
Emotional last couple of days for all markets and especially Cardano ADA.
Massive breakout from the short-term downtrend! Then a massive retest of the breakout as markets puked.
Watch the green horizontal line around $1.50 and the longer term uptrend support below that. They are both more important than the short-term channel at this point.
Markets are in the process of shaking out all participants except those with the greatest convictions about their positions. We may be in for some continued volatility. Don’t get caught up in the chop!
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.