Riding The Wave Weekly Outlook #73

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/WatcherGuru/status/1657101381562519553

https://twitter.com/WatcherGuru/status/1657117347717566481

https://twitter.com/profstonge/status/1657014136897675266

https://twitter.com/WatcherGuru/status/1657030015807004672

https://twitter.com/GameofTrades_/status/1657029549354303489

https://twitter.com/GameofTrades_/status/1657022832566587392

https://twitter.com/GameofTrades_/status/1656722966846259200

https://twitter.com/BTC_Archive/status/1656704923126448143

https://twitter.com/WhaleChart/status/1656680902888439808

https://twitter.com/GameofTrades_/status/1656381089806532609

https://twitter.com/GameofTrades_/status/1656660453916033026

https://twitter.com/financialjuice/status/1656638728989810690

https://twitter.com/WhaleChart/status/1656661808403603458

https://twitter.com/GameofTrades_/status/1656645343671644160

https://twitter.com/WhaleChart/status/1656637219711467522

---

What’s Happening Now?

Bitcoin(BTC)

Bitcoin has dropped below its 8-week SMA and is now finding support on its 200-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 has dropped to the midpoint of the 5th 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 dropped below its 8-week SMA and is now hovering just underneath.

Weekly Timeframe Ethereum

On the daily time frame, Ethereum is now at the midpoint 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 now bouncing between its 8-week and 20-week SMA’s.

Weekly Timeframe Cardano

On the daily time frame, Cardano has continued to hover 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.

---

What Might Happen Next?