Cardano Dan's Newsletter - Issue #174
Better Man
Quote of the Day
“Be at war with your vices, at peace with your neighbors, and let every new year find you a better man.”
― Benjamin Franklin
There are all sorts of different ideas about whether or not to make New Year’s resolutions.
Whether or not you think they’re a good idea, what most of us can agree on is that we want to be a better version of ourselves in the coming year.
So that’s my wish for you in this first newsletter of 2022. May 2023 welcome you as a better version of yourself than you are today. Make the choices you need to each day this year so that happens.
In The News
Billionaires increasingly have a “shifting attitude” towards cryptocurrencies as this Bloomberg article outlines. When you enter a new asset class before the Billionaires do, you’re probably going to do pretty well.
I’m a fair bit of the way into Joe Rogan’s podcast with Peter McCullough (a renowned cardiologist) and have read through some cliff notes on his show with Dr. Robert Malone (the inventor of the original mRNA vaccine patents).
It’s some of the most informative information related to COVID that I’ve ever heard. I’m disturbed with how little focus has been given to educating the general public about early treatment options for COVID and now feel much better prepared for helping myself or loved ones through the sickness if necessary.
Cardano Updates
Charles released a new whiteboard (actually blackboard) video. It’s a must watch. As I said on Twitter, every time I listen to Charles talk about Cardano, I understand why some people from other projects are so scared.
We announced on New Year’s Eve that the upcoming Zombie Hunters NFT drop includes Girl Hunters! We’re doing a twitter giveaway to celebrate the news. Click below for your chance to win a Zombie Hunter’s NFT!
Technical Analysis / Price Discussion
Below chart is a zoomed out view of the bull run since March 2020 lows. We’ve got the bull channel that’s broken down, 2017/18 highs which 2021 closed above, and then two support trendlines that are also included.
The new trendline going back to the beginning of the bull run is the one I’d like to focus on today. It is not unusual for an uptrend support to break, only to reestablish a new uptrend support level below the last. I suspect that’s what we’re seeing happen here.
Assuming I’m correct, and looking at a zoomed in view of things, I’ve added a few resistance levels to be paying attention to. $1.50 has been tested already in the past week or so. If that’s broken through and reclaimed as support, $1.90 appears to be the next major level to test and that may happen at the same time the downtrend resistance is tested.
Of course looking to the downside, the green support levels on the chart are important to hold as support.
Not shown, price action continues to remain above the key volume areas around $1.20 where a lot of support exists. Although we don’t want to see that tested a whole lot more if you’re looking for ADA to head higher soon.
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.