Cardano Dan's Newsletter - Issue #180

Direction of the Wind

Quote of the Day

“I can't change the direction of the wind, but I can adjust my sails to always reach my destination.”

― Jimmy Dean

The winds of change are blowing. Inflation is high. The Federal Reserve is talking more and more about tightening and rate hikes. But when they do, markets don’t like it, sending a signal that the Fed is paying attention to.

We can’t control inflation or the pace of our unelected central banker’s money printing or tightening. However, we can control how we respond to the direction of the wind and adjust our sails to reach our destination. The trick is, it takes a very skilled navigator to understand the winds and adjust accordingly.

In The News

1. The Supreme Court blocked Biden’s OSHA Vaccine Mandate saying

   Jack Posobiec 🇺🇸 @JackPosobiec

   SUPREME COURT: “Although Congress has indisputably given OSHA the power to regulate occupational dangers, it has not given that agency the power to regulate public health more broadly”

2. Fed official Evans said that the Fed Strongly expects says 2, 3, or 4 rate hikes in 2022. Markets were not happy.

   zerohedge @zerohedge

   If all the Fed speakers wanted to see what happens when they float "3-4 rate hikes" in 2022, they got their answer

Cardano Updates

1. Vitalik Buterin asked the Ethereum community which blockchain they would prefer to be the primary cryptocurrency for transactions and savings in 2025 if it wasn’t Ethereum. The poll results may surprise you.

2. I’ve been talking a lot about Zombie Hunters lately. It’s because we’re really proud of our work and the drop is coming up fast. We release the last BIG news today.

   
   There are actually THREE images in each Zombie Hunter NFT! The square PFP Hunter, the wider Twitter Post sized image, and an even wider Twitter Banner sized image!!! We are really excited for people to proudly display their Zombie Hunter banners on Twitter!

   

Technical Analysis / Price Discussion

ADA had a down day Thursday, but that’s to be expected after such a strong bounce which amounted to about 26% in just 60 hours or so.

I’m tracking a couple fractals from recent reversals shown along with key levels. Will be interesting to see if a similar pattern takes hold.

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.