Riding The Wave Weekly Outlook #100

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Table of Contents

1. Tweets

2. What’s Happening Now?

3. What Might Happen Next?

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Tweets

https://twitter.com/WhaleChart/status/1725260918978716076

https://twitter.com/AutismCapital/status/1725618623967027390

https://twitter.com/Orlando_btc/status/1725620515857961335

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin has slightly tested its recent rise in value with this weeks candle currently finding support on the bottom of last weeks candle.

Weekly Timeframe Bitcoin (pink line = 8 week SMA, green line = 20 week SMA, yellow line = 50 week SMA, red line = 200 week SMA)

Bitcoin has stayed in the middle of the 7th region.

Daily Timeframe Bitcoin. Red/blue boxes are potential area support/resistance

Ethereum(Eth)

Ethereum is currently just below $2000 but still above the 4 SMA’s

Eth Weekly Timeframe Ethereum

On the daily time frame it has failed to break through the resistance it was facing and has stayed in the 8th region.

Daily Timeframe Ethereum. Red boxes are potential areas of support/resistance

Cardano(Ada)

Cardano has stayed above its 50-week SMA, although it came close to retesting.

Weekly Timeframe Cardano

On the daily time frame, ADA is still in the 5th region and it has failed to break into the 6th.

Daily Timeframe Cardano. Red boxes are potential areas of support/resistance

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What Might Happen Next?