Riding The Wave Weekly Outlook #80

Riding The Wave Weekly Outlook #80

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/1674890532651237378

https://twitter.com/WhaleChart/status/1674803714136088576

https://twitter.com/WatcherGuru/status/1674462671989530630

https://twitter.com/WatcherGuru/status/1674470878472462336

https://twitter.com/WatcherGuru/status/1674423623027916811

---

What’s Happening Now?

Bitcoin(BTC)

Bitcoin has continued to hold $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 holding in the lower half of the 6th resistance 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 hasn’t reacted as strongly as bitcoin, but it is still above its 4 SMA’s

Weekly Timeframe Ethereum

Ethereum is still in the upper half of the 8th resistance 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 below all 4 of its SMA’s.

Weekly Timeframe Cardano

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

---

What Might Happen Next?