Riding The Wave Weekly Outlook #72

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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/1654567158079459328

https://twitter.com/TheRealPlanC/status/1654611551159033857

https://twitter.com/JasonYanowitz/status/1654307116113440770

https://twitter.com/WallStreetSilv/status/1654108380779233280

https://twitter.com/callieabost/status/1654243078113312768

https://twitter.com/TheRealPlanC/status/1654224453801242624

https://twitter.com/WatcherGuru/status/1654219595413061633

https://twitter.com/GameofTrades_/status/1654138834387447808

https://twitter.com/KobeissiLetter/status/1654135672595267585

https://twitter.com/BTC_Archive/status/1654076442018304005

https://twitter.com/WatcherGuru/status/1654124709582372869

https://twitter.com/KobeissiLetter/status/1653942191654313984

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin is continuing to trend up following 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 continuing to find support at the bottom of the 6th region.

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 once again rallied 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 is still bouncing between its 8-week and 50-week SMA’s.

Weekly Timeframe Cardano

On the daily time frame, Cardano has hovered at the top of the 5th resistance region after being rejected from its top.

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?