Riding The Wave Weekly Outlook #75

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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/KobeissiLetter/status/1662074398184992773

https://twitter.com/callieabost/status/1662077563861180418

https://twitter.com/therationalroot/status/1662109357654278145

https://twitter.com/callieabost/status/1661726129944657920

https://twitter.com/GameofTrades_/status/1661809608443465728

https://twitter.com/callieabost/status/1661854422723444738

https://twitter.com/GameofTrades_/status/1661718772305240069

https://twitter.com/WatcherGuru/status/1661655998090625024

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin has continued to find 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 has dropped below 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?