Riding The Wave Weekly Outlook #88

Welcome to Riding The Wave. If you have questions or feedback, please reply to this email. If you are new to the Newsletter, please check out what we provide on our about page and consider subscribing. Within the Newsletter, I provide News Summaries, Weekly Status Updates, & Deep Dive Articles on Specific Topics (Ex: How do I pick which coins/tokens to buy?). More details here

Table of Contents

1. Tweets

2. What’s Happening Now?

3. What Might Happen Next?

---

Tweets

https://twitter.com/StockMKTNewz/status/1695104209706705169

https://twitter.com/callieabost/status/1695143037679075756

https://twitter.com/nickgerli1/status/1695173118560718889

https://twitter.com/AltcoinDailyio/status/1695168878157123614

https://twitter.com/GameofTrades_/status/1695065996715802705

https://twitter.com/WatcherGuru/status/1694744639067099184

https://twitter.com/therationalroot/status/1694811323958194667

https://twitter.com/GameofTrades_/status/1694005124988080415

https://twitter.com/WhaleChart/status/1694231666804289779

https://twitter.com/WatcherGuru/status/1694668488177058268

---

What’s Happening Now?

Bitcoin(BTC)

Bitcoin is still below its 20-week SMA & 200-week SMA but is above its 50-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)

Bitcoin has moved sideways on the daily timeframe since dropping.

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

Ethereum(Eth)

Ethereum has continued to find support on its 200-week SMA & 50-week SMA.

Weekly Timeframe Ethereum

Ethereum has also moved sideways since the drop last week.

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

Cardano(Ada)

Cardano is still below all 4 of its core SMA’s.

Weekly Timeframe Cardano

On the daily time frame, Cardano has also moved sideways.

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

---

What Might Happen Next?