Riding The Wave Weekly Outlook #101

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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/rowancheung/status/1727586535292235991

https://twitter.com/WatcherGuru/status/1728014536018457047

https://twitter.com/WhaleChart/status/1727827189926654390

https://twitter.com/BTC_Archive/status/1728096754682233194

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin has continued to create green candles, although it is having trouble moving above $38k.

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 moved slightly higher into the top of the 7th region.

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

Ethereum(Eth)

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

Eth Weekly Timeframe Ethereum

On the daily time frame it is once again trying to break through the top of the 8th region.

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

Cardano(Ada)

Cardano has found support on its 50-week SMA and is continuing to stay above $0.38.

Weekly Timeframe Cardano

On the daily time frame, ADA is still at the top of the 5th region and it is trying to break into the 6th.

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

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What Might Happen Next?