Riding The Wave Weekly Outlook #110

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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/WClementeIII/status/1757849445121638621

https://twitter.com/intocryptoverse/status/1757927309674164438

https://twitter.com/thomas_fahrer/status/1757926080248426863

https://twitter.com/stackhodler/status/1758096264426586118

https://twitter.com/GameofTrades_/status/1758113933133521196

https://twitter.com/MatthewHyland_/status/1757991488493945224

https://twitter.com/SGJohnsson/status/1758197889338052833

https://twitter.com/nestayxbt/status/1758607348967350296

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin has continued to rally past its 8-week SMA without any other technical support.

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 rallied to the top of the 10th resistance region.

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

Ethereum(Eth)

Ethereum has continued rallying above 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 pushed into the middle of the 10th region.

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

Cardano(Ada)

Cardano has continued moving higher above its 8-week SMA but still has a way to go before reaching its 200-week SMA.

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 has reached the top of the 6th region.

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

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What Might Happen Next?