Riding The Wave

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Riding The Wave
Riding The Wave
Riding The Wave Weekly Outlook #107

Riding The Wave Weekly Outlook #107

Jan 26, 2024
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Riding The Wave
Riding The Wave
Riding The Wave Weekly Outlook #107
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Welcome to Riding The Wave. If you have questions or feedback, please reply to this email. If you are new to the Newsletter, please check out what we provide on our about page and consider subscribing. Within the Newsletter, I provide News Summaries, Weekly Status Updates, & Deep Dive Articles on Specific Topics (Ex: How do I pick which coins/tokens to buy?). More details here

Table of Contents

  1. Tweets

  2. What’s Happening Now?

  3. What Might Happen Next?


Tweets

https://twitter.com/callieabost/status/1750874260489261058

https://twitter.com/DocumentingBTC/status/1750344086328922390

https://twitter.com/thedefiedge/status/1750699543283564853

https://twitter.com/BTC_Archive/status/1750589008273666196

https://twitter.com/KobeissiLetter/status/1750325272136528081


What’s Happening Now?

Bitcoin(BTC)

Bitcoin appears to be holding steady just under 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 found support at the bottom of the 8th resistance region and moved slightly upwards afterward.

Daily Timeframe Bitcoin. Red/blue boxes are potential area support/resistance
Ethereum(Eth)

Ethereum has dropped just below its 8-week SMA.

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

Ethereum has failed to hold the bottom of the 10th region and fallen to the bottom of the 9th region.

Daily Timeframe Ethereum. Red boxes are potential areas of support/resistance
Cardano(Ada)

Cardano has failed to break through its 8-week SMA and has moved sideways with a slight downward bias.

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

On the daily time frame, ADA is now at the bottom of the 6th region.

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

What Might Happen Next?

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