Riding The Wave Weekly Outlook #79

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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/WatcherGuru/status/1672281627953594369

https://twitter.com/WatcherGuru/status/1672217498681311233

https://twitter.com/WatcherGuru/status/1672168063666466817

https://twitter.com/woonomic/status/1671763781683388417

https://twitter.com/woonomic/status/1669417533664034816

https://twitter.com/WatcherGuru/status/1671909041344335872

https://twitter.com/glassnode/status/1671880406784950272

https://twitter.com/BTC_Archive/status/1671865109788885001

https://twitter.com/GRomePow/status/1671613831699914752

https://twitter.com/WhaleChart/status/1671850783929663489

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin has shot above all 4 of the SMA’s we track and is hovering just above $30k

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 now in the middle 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 followed Bitcoin and rallied above all 4 of its SMA’s as well.

Weekly Timeframe Ethereum

Ethereum has moved up from the bottom of the 8th region to the top of 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 moved upwards but is still below all 4 of its SMA’s

Weekly Timeframe Cardano

On the daily time frame, Cardano is still 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?