Riding The Wave Weekly Outlook #94

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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/KobeissiLetter/status/1710315008951779499

https://twitter.com/WhaleChart/status/1710368681891356864

https://twitter.com/therationalroot/status/1710373571900461067

https://twitter.com/intocryptoverse/status/1710075455410229447

https://twitter.com/unusual_whales/status/1710000298557641034

https://twitter.com/WhaleWire/status/1709719834949304396

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin has rallied to be just above the 4 SMA’s we are tracking

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 moved just above the midpoint of its 5th resistance region.

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

Ethereum(Eth)

Ethereum rallied last week to just under its 20-week SMA but has now failed to break through.

Eth Weekly Timeframe Ethereum

Ethereum has continued to move sideways in the 8th resistance region.

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

Cardano(Ada)

Cardano has moved just above its 8-week SMA.

Weekly Timeframe Cardano

On the daily time frame, Cardano has moved slightly upwards but is still moving sideways overall.

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

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What Might Happen Next?