Riding The Wave Weekly Outlook #91

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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/WhaleChart/status/1702634572259721623

https://twitter.com/WatcherGuru/status/1702371564958671074

https://twitter.com/WatcherGuru/status/1702325787049984186

https://twitter.com/BTC_Archive/status/1702311972866273408

https://twitter.com/KobeissiLetter/status/1702299207372095729

https://twitter.com/KobeissiLetter/status/1702303106929741846

https://twitter.com/BTC_Archive/status/1702307266534199565

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin rallied slightly after dropping down to just 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)

On the daily time frame, Bitcoin has continued to move sideways in the 5th region.

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

Ethereum(Eth)

Ethereum has continued to move sideways while barely finding support on its 200-week SMA & 50-week SMA.

Weekly Timeframe Ethereum

Ethereum has found support and bounced off of the bottom of the 8th resistance region.

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

Cardano(Ada)

Cardano has continued to stay below all 4 of its core SMA’s.

Weekly Timeframe Cardano

On the daily time frame, Cardano has continued to move sideways.

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

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What Might Happen Next?