Riding The Wave Weekly Outlook #86

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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/charliebilello/status/1689743426529693696

https://twitter.com/GameofTrades_/status/1689615593140535296

https://twitter.com/TheRealPlanC/status/1689508110711316480

https://twitter.com/WatcherGuru/status/1689615192152297472

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin has found support on its 20-week SMA and is now attempting to reclaim 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 continuing to find support on the bottom of the 6th resistance region.

Daily Timeframe Bitcoin. Red/blue boxes are potential area support/resistance

Ethereum(Eth)

Ethereum has fallen just below its 8-week and 20-week SMA’s and is now attempting to reclaim them.

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

Cardano(Ada)

Cardano has fallen beneath its 8 week SMA and it is now attempting to reclaim it.

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

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What Might Happen Next?