Riding The Wave Weekly Outlook #83

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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/1682365232516153354

https://twitter.com/thedefiedge/status/1682185332983500801

https://twitter.com/unusual_whales/status/1682175830032781312

https://twitter.com/WatcherGuru/status/1682156017843306497

https://twitter.com/woonomic/status/1682094491719847937

https://twitter.com/unusual_whales/status/1681987565983866880

https://twitter.com/WatcherGuru/status/1682043339082964996

https://twitter.com/WatcherGuru/status/1682031529801949187

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin is on its 5th 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 is continuing to find support on its 8-week and 20-week SMA’s.

Weekly Timeframe Ethereum

Ethereum is continuing to hover at 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 still above its 8-week SMA, and it has been rejected from 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.

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What Might Happen Next?