Cardano train just left the station

On Dec 2nd 2021, We can see a resistance arround 1.5 and a bounce and hold of the long term trendline Since last January as well as an engulfing candle on the ADA/USD, ADA/ETH and ADA/BTC daily charts in anticipation of the first DEXs (Sundaeswap) making their Testnet public on Dec 5th.
This will mark the begining of smart contracts available to the public on Cardano.
My hypothesis is we will see a big price increase during the anticipation of the first couple of DEXs starting end of Q4 2021 - Q1 2022 and the market will be eager to see and experience the differences (and potential bugs!) witht he Ethereum smart contracts.
My take since the begining of my ADA purchases is it will be a lot better, cheaper, faster than ETH DEXs such as Uniswap and Pankakeswap.
I am therefore anticipating a big price increase between today and February 2nd 2022.

Comment:

Ok so on December 4th I got crushed, the pump to 1.75 was a short lived on and the market crushed the 52 Weekly MA and trendline holding at 1.5 to get to 1.2 over night.
I woke up arround 2 AM to discover the carnage and decided arround 4 AM to get out 10% of my ADA, think that I should probably have done on the way up as a prudent risk management.

So far I was all-in and with 10k debt and looking to make extra bigger purchases this year, but that was a hell of a mistake to plan on spending money I did not have yet.

Lesson learned, take your profit after buying the rumor, so sell the news!

Take your profit 1 month before everyone else thinks of taking theirs next time.

Always keep some cash (or into a very balanced portfolio) in hand for at least 3 years worth of expenses.

That's what made me panic I think, I hade no cash nor cashflow outside of this.

Lesson learned, just take some debts at the very bottom of the market and take profits after big surges

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