Riding The Wave Weekly Outlook #85

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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/callieabost/status/1687446328991784960

https://twitter.com/KobeissiLetter/status/1687440884596404224

https://twitter.com/DonMiami3/status/1686899522885091328

https://twitter.com/thedefiedge/status/1687053390042324992

https://twitter.com/americanhodl8/status/1686786729800531969

https://twitter.com/WhaleChart/status/1687109393484271616

https://twitter.com/WhaleChart/status/1687024545381715969

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin has moved sideways since last week and is now testing for support on its 20-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 continuing to find 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 between the top and middle 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 currently testing 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?