Riding The Wave Weekly Outlook #106

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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/WatcherGuru/status/1747976292459303313

https://twitter.com/WatcherGuru/status/1747845161638302087

https://twitter.com/AltcoinDailyio/status/1747997774375977421

https://twitter.com/EricBalchunas/status/1747981648686108887

https://twitter.com/KobeissiLetter/status/1747971415595274606

https://twitter.com/WatcherGuru/status/1748053919681449996

https://twitter.com/WatcherGuru/status/1748104886640676924

https://twitter.com/EricBalchunas/status/1748101735552299510

https://twitter.com/EricBalchunas/status/1747956852619366616

https://twitter.com/LeonidasNFT/status/1748073066628776149

https://twitter.com/JSeyff/status/1748338403551183007

https://twitter.com/zachxbt/status/1748354861878616242

https://twitter.com/intocryptoverse/status/1748372233834135594

https://twitter.com/callieabost/status/1748461093767262694

https://twitter.com/callieabost/status/1748450843404202082

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin is struggling to find 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)

On the daily time frame, Bitcoin has reached the bottom of the 8th resistance region, where it is finding support.

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

Ethereum(Eth)

Ethereum has lost its upward momentum for now but is still above its 8-week SMA.

Eth Weekly Timeframe Ethereum

On the daily time frame, Ethereum is finding support on the bottom of the 10th region and looks to still be testing for support.

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

Cardano(Ada)

Cardano is currently just under its 8-week SMA, where it is continuing to find resistance.

Weekly Timeframe Cardano

On the daily time frame, ADA is still in the middle of the 6th region

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

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What Might Happen Next?