Riding The Wave Weekly Outlook #74

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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/nickgerli1/status/1659562654489247745

https://twitter.com/WatcherGuru/status/1659595958902988800

https://twitter.com/WatcherGuru/status/1659622357785296912

https://twitter.com/callieabost/status/1659305124815159296

https://twitter.com/WatcherGuru/status/1659288517040635904

https://twitter.com/seth_fin/status/1659217676466810881

https://twitter.com/BitcoinMagazine/status/1659255664441532427

https://twitter.com/GameofTrades_/status/1659189594909294592

https://twitter.com/WatcherGuru/status/1659222682175430658

https://twitter.com/WhaleChart/status/1659165399424946177

https://twitter.com/KobeissiLetter/status/1659184919891914753

https://twitter.com/GameofTrades_/status/1659166948268163073

https://twitter.com/WatcherGuru/status/1659140124297314306

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin has found 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 continued sideways within 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 stayed between its 8-week SMA and its 20-week SMA.

Weekly Timeframe Ethereum

Ethereum has continued within the 8th region.

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 finding support on its 20-week SMA.

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.

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What Might Happen Next?