Riding The Wave Weekly Outlook #87

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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/therationalroot/status/1692653158902735270

https://twitter.com/intocryptoverse/status/169259988379288388

5

https://twitter.com/WatcherGuru/status/1692567007214874802

https://twitter.com/intocryptoverse/status/1692539314863800431

https://twitter.com/WhaleChart/status/1692536641938698356

https://twitter.com/AltcoinDailyio/status/1692323780855742569

https://twitter.com/WhaleChart/status/1692440017279373787

https://twitter.com/rektcapital/status/1692458050177671420

https://twitter.com/0xSalazar/status/1692147899327557867

https://twitter.com/WhaleWire/status/1692227642848682253

https://twitter.com/rektcapital/status/1692233853186757042

https://twitter.com/intocryptoverse/status/1692347544469185002

https://twitter.com/gurgavin/status/1692279122234413206

https://twitter.com/WClementeIII/status/1692313088874168547

https://twitter.com/WClementeIII/status/1692298339616997670

https://twitter.com/WClementeIII/status/1692274380754026935

https://twitter.com/unusual_whales/status/1692288429709771002

https://twitter.com/WatcherGuru/status/1692293047860482495

https://twitter.com/WatcherGuru/status/1692280581206290848

https://twitter.com/WatcherGuru/status/1692296550284738995

https://twitter.com/WatcherGuru/status/1692225650227097802

https://twitter.com/intocryptoverse/status/1691975123438391458

https://twitter.com/WatcherGuru/status/1691901312588230745

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin has dropped below its 20-week SMA & 200-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 has dropped down to the bottom of the 5th region.

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

Ethereum(Eth)

Ethereum is now finding support on its 200-week SMA & 50-week SMA.

Weekly Timeframe Ethereum

Ethereum dropped and found support on the bottom of the 8th resistance region, bouncing up to $1700.

Daily Timeframe Ethereum. Red boxes are potential areas of support/resistance

Cardano(Ada)

Cardano has fallen further below its 8 week SMA losing hope of reclaiming it in the short term.

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?