Cardano Dan's Newsletter - Issue #65
Find Time for Love
Quote of the Day
“If you judge people, you have no time to love them.”
— Mother Teresa
Our culture spends way too much time with judgement. Seems everyone is running around judging one another.
The Cardano community is judged all the time. I’ve seen a new wave of judgement in response to the release of Charles’s Lex Fridman interview.
It’s natural to respond to judgement with judgement in return. But let’s take the higher ground and respond with love instead. It’s a much better and healthier way to live and will set us apart in a really positive way.
In The News
There is a lot going on from a macro-economics perspective right now. A LOT. I highly recommend watching Real Vision’s daily briefing with Ash Bennington and Raoul Pal to get up to speed.
Cardano Updates
The much anticipated release of Charles’s interview with Lex Fridman finally arrived!
I’m still working my way through the interview. But, my favorite quote so far is this response to Lex’s question, “What keeps you up at night?”
and my overarching thought so far is this
Still working my way through the @lexfridman @IOHK_Charles podcast. I feel sad for critics of Charles that throw shade without even listening. They miss out on one of the greatest minds in the space talk about past, present, and future of #crypto and #blockchain.Every time that I listen to a broad and deep interview with Charles I walk away with renewed confidence that my namesake project is in good hands and on the right track.
Input Output announced a new-look Cardano Documentation website. I continue to be impressed with the Cardano team’s ongoing improvements and clear display of professionalism.
Technical Analysis / Price Discussion
Here’s my current Cardano ADA chart and my thoughts on the current picture:
Volume is REALLY low. We haven’t seen two weeks of volume this low since October last year. We’re in for a big move when volume returns.
The dollar has strengthened in a big way over the last three days since the Federal Reserve news. This is impacting all markets including crypto (see Raoul’s take on this at the link above).
I am pretty confident we remain in a bull market, but that doesn’t suggest what will happen in the very near-term.
I don’t like how the chart looks at the moment. It sort of looks like it will break 2017/18 high as support and go back to retest $1.10 where another trendline and 200D EMA sit together.
But, crypto is full of surprises (as are all markets right now) and I’m much more comfortable in my long position than trying to time markets.
Also, as long as we hold $1.35, we’re maintaining higher lows, and we’re currently bouncing off the 100D EMA, so it’s possible that will hold as is.
What do you think? Do you have greater near-term insight than me? Let me know in the comments.
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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.