Riding The Wave Weekly Outlook #84

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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/1684940631922126848

https://twitter.com/therationalroot/status/1684922457969315840

https://twitter.com/WhaleChart/status/1684881479762169856

https://twitter.com/therationalroot/status/1684520207379734528

https://twitter.com/TheDeFinvestor/status/1684300765290962945

https://twitter.com/WatcherGuru/status/1684308312089665538

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin has dipped just below $30k and is now testing for support on its 8-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)

It is also finding support on the bottom 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 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 finding support on its 8-week SMA.

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?