Riding The Wave

Riding The Wave

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Riding The Wave
Riding The Wave
Riding The Wave Weekly Outlook #82

Riding The Wave Weekly Outlook #82

Thomas Holland's avatar
Thomas Holland
Jul 15, 2023
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Riding The Wave
Riding The Wave
Riding The Wave Weekly Outlook #82
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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/WClementeIII/status/1679862769082851329

https://twitter.com/TheCryptoLark/status/1679774739815104512

https://twitter.com/WatcherGuru/status/1679813268125171712

https://twitter.com/WhaleChart/status/1679595446199517184

https://twitter.com/WatcherGuru/status/1679578587454750723

https://twitter.com/WatcherGuru/status/1679514784637636608

https://twitter.com/WatcherGuru/status/1679475442888187906

https://twitter.com/unusual_whales/status/1679232411467382784

https://twitter.com/cryptomanran/status/1679203813767659520


What’s Happening Now?

Bitcoin(BTC)

Bitcoin is on its 4th week of finding support on $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 continuing to stay in 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 has found support again and bounced off of its 8-week and 20-week SMA’s.

Weekly Timeframe Ethereum

Ethereum has attempted to break through the top 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 now above its 8-week SMA, and it has attempted to break through its 20 & 50-week SMA’s.

Weekly Timeframe Cardano

On the daily time frame, Cardano is still in its 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?

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