Riding The Wave Weekly Outlook #103

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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/EricBalchunas/status/1740821222450168113

https://twitter.com/BTC_Archive/status/1740685406465839291

https://twitter.com/BTC_Archive/status/1740827109273268649

https://twitter.com/WatcherGuru/status/1740826996492374223

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin is still far above the 4 SMA’s we track and may be looking for support on its 8 week SMA.

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

Bitcoin is having a difficult time breaking through the top of the 8th resistance region.

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

Ethereum(Eth)

Ethereum has moved sideways after the rally we saw 3 weeks ago.

Eth Weekly Timeframe Ethereum

On the daily time frame it is now trying to break through the top of the 9th region.

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

Cardano(Ada)

Cardano followed the rest of Crypto in rallying several weeks ago but has failed to break through its 200-week SMA.

Weekly Timeframe Cardano

On the daily time frame, ADA is at the top of the 6th region and has been trying to break through into the 7th without falling back into the 6th region.

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

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What Might Happen Next?