Riding The Wave Weekly Outlook #71

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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/unusual_whales/status/1652064646268956683

https://twitter.com/WhaleChart/status/1652073151105253382

https://twitter.com/WatcherGuru/status/1652049274790707200

https://twitter.com/BanklessHQ/status/1652038302193557513

https://twitter.com/KobeissiLetter/status/1651977101308723201

https://twitter.com/WatcherGuru/status/1652012478006476815

https://twitter.com/KobeissiLetter/status/1651952871028449281

https://twitter.com/WatcherGuru/status/1651943445580136449

https://twitter.com/_Checkmatey_/status/1651823756447481856

https://twitter.com/WhaleChart/status/1651926307989487616

https://twitter.com/KobeissiLetter/status/1651933131274870785

https://twitter.com/WatcherGuru/status/1651822427985305600

https://twitter.com/WatcherGuru/status/1651886582079553537

https://twitter.com/DoombergT/status/1651684235499958276

https://twitter.com/100trillionUSD/status/1651577950708310019

https://twitter.com/KobeissiLetter/status/1651340647171780608

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin has rallied after finding 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 currently finding support at the bottom of the 6th region after rallying into it.

Daily Timeframe Bitcoin. Red/blue boxes are potential area support/resistance, blue line represents the downtrend Bitcoin is attempting to break through

Ethereum(Eth)

Ethereum has rallied a small amount off of its 8-week SMA.

Weekly Timeframe Ethereum

On the daily time frame, Ethereum is still at the top of the 8th resistance area.

Daily Timeframe Ethereum. Red boxes are potential areas of support/resistance, the blue line represents the downtrend we seem to be following

Cardano(Ada)

Cardano has rallied back up to the 50-week SMA where it is finding resistance.

Weekly Timeframe Cardano

On the daily time frame, Cardano is finding resistance at the top of the 5th region.

Daily Timeframe Cardano. Red boxes are potential areas of support/resistance, the blue line represents the downtrend we were following.

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What Might Happen Next?