Riding The Wave Weekly Outlook #107

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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/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

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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

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What Might Happen Next?