Cardano Dan's Newsletter - Issue #30

April 17th, 2021 - Weekly recap and look ahead

Quote of the Day

“Man is free at the moment he wishes to be.”

― Voltaire

This week we talked about exit strategies. It’s important to have them if you want to be free. Have you chosen freedom yet?

Key Takeaways from the Past Week

Monday - Exit Strategies

On Monday, we discussed that regardless of your skillset and experience, Cardano is a great way of planning your exit strategy from working for “the man.”

Wednesday - Let’s Build

One way Reliable Staking and I are planning to work for ourselves is by building on Cardano. To that end, we’ve submitted a Project Catalyst Proposal to create an NFT Key service on Cardano! Please give us feedback and support our proposal if you like it!

Friday - Multiple Exists are Better than One

We wrapped up the week talking about plans for exiting trend positions at the end of this bull cycle. Set yourself up for success now by having more than one exit ramp.

Technical Analysis

Cardano had an encouraging week of price action. This week, Cardano broke to new All Time Highs before pulling back a little during the last couple of days.

The small pullback came after 6 green days in a row and it’s establishing another great foundation for the next move up, which I believe will be to above two dollars as I discussed in the TA section of Wednesday’s newsletter.

Here’s a daily view of the current situation. I could see continued consolidation in the orange area for up to a week, but I expect another move higher soon. I still think odds of $2 ADA in April are better than not.

BNB gave ADA a run for best major cryptocurrency performance since March 2020 lows, but ADA still has the thrown.

Cardano continues to look good against BTC and ETH pairs. No sign of new support failing.

Look Ahead

This week is going to be less planned than weeks past. We’ll be talking about whatever surprises the Cardano ecosystem has in store for us this week! Can’t wait to find out what that will be.

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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