Riding The Wave Weekly Outlook #78

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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/WClementeIII/status/166945965970966118

8

https://twitter.com/callieabost/status/1669421219647574029

https://twitter.com/burrytracker/status/1669385531141283841

https://twitter.com/WClementeIII/status/1669403543126589443

https://twitter.com/LoganMohtashami/status/1669417565326827520

https://twitter.com/callieabost/status/1669417456236937217

https://twitter.com/Pentosh1/status/1669394834795233282

https://twitter.com/WatcherGuru/status/1669380925631635456

https://twitter.com/WatcherGuru/status/1669373334776078336

https://twitter.com/WatcherGuru/status/1669352945283108866

https://twitter.com/WatcherGuru/status/1669344277078634502

https://twitter.com/therationalroot/status/1669335103724736513

https://twitter.com/callieabost/status/1669327168835407872

https://twitter.com/WhaleChart/status/1669237106583928833

https://twitter.com/100trillionUSD/status/1669312245061353474

https://twitter.com/wolfofwolfst/status/1669051488562462720

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin dropped below its 200-week and 20-week SMA but has now pushed to just above its 20-week SMA and is just underneath 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 dropped below 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 continued downwards after being named in the SEC’s lawsuit. It is finding support on its bear market low.

Weekly Timeframe Cardano

On the daily time frame, Cardano has moved sideways in the middle of the 5th resistance 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?