Mr_Wogbe_Alex

Mr_Wogbe_Alex

Following the “Santa Claus rally” on Thursday, BTC appears to have lost momentum at the $51.4K barrier. As noted in a previous analysis, the benchmark cryptocurrency needs to close above the $51.4K pivot top to cement a bullish sentiment and make its way back to the upper-$50,000s. Instead, the cryptocurrency has recorded a mild rejection from the $51.4K...

Mr_Wogbe_Alex

That said, ADA now clings to the $1.445 line as bulls run out of steam ahead of Christmas celebrations. The cryptocurrency receives additional support from the 4-hour 200 SMA at the $1.445 line. ADA needs to hold this line over the coming days to jumpstart the bullish momentum again. Additionally, a break above the $1.500 barrier should cement a rebound above the...

Mr_Wogbe_Alex

After posting a sharp recovery from the $0.8000s this week, XRP appears to have lost bullish steam at the $1 mark. The seventh-largest cryptocurrency has now failed to clear the critical resistance after two attempts within the last 24 hours, indicating that a correction is at hand. At press time, the projected correction has emerged, as XRP falls below the...

Mr_Wogbe_Alex

In a sharp turn of events, Bitcoin has breached the $50K barrier after building upon the bullish momentum from Monday. The benchmark cryptocurrency has now reentered the $51.4K - $50.5K pivot zone, as bulls eye a parabolic run to $56K. That said, BTC still needs to record a sustained rally above the $51.4K top to negate the long-lasting bearish bias. Failure to do...

Mr_Wogbe_Alex

Following its recovery over the bearish momentum catalyzed by the multi-week-long descending trendline, Bitcoin has fallen into a sideways bias as bulls lack the strength to push beyond the $49,500 resistance. That said, the benchmark cryptocurrency needs to secure its footing above the $48,000 support to sustain the renewed upbeat bias. With the 50 SMA currently...

Mr_Wogbe_Alex

SHIB has finally resurfaced above the $0.0000350 - $0.0000325 pivot area following a marketwide recovery. The meme coin recorded a 14% jump today, refreshing its December 12 top at $0.0000378. That said, the bullish momentum hit a snag at the $0.0000378 top as the 4-hour 200 SMA restricts SHIB from climbing higher. With that, the 200 SMA has become the critical...

Mr_Wogbe_Alex

Along with most of the crypto market, XRP has recorded a healthy rebound as investors develop an appetite for risk assets. The seventh-largest cryptocurrency is now on track to reclaim the $1 mark since it fell below that line in late November. XRP currently rests on the $0.9500 support and could post a correction to the $0.9200 soon as bulls run out of steam....

Mr_Wogbe_Alex

BTC has broken above the critical $48K barrier following the Erdoğan-induced rally recorded in the financial markets today. The benchmark cryptocurrency currently trades near its intraday high of $49K as bulls regain confidence. That said, the recent leg up could kickstart a bullish recovery for the primary cryptocurrency, with the $51.5K top serving as the pivot...

Mr_Wogbe_Alex

BTC recently recorded a 7.5% overnight spike, following a bullish comeback in the Turkish lira (TRY). The benchmark cryptocurrency touched the $49,000 top a few hours ago and currently shows no sign of slowdown. This bullish breakout comes following a steady decline within a bearish wedge. That said, bulls will likely capitalize on this leg up and push the...

Mr_Wogbe_Alex

UNI continues to struggle with lasting bearish pressure as the cryptocurrency falls below the $15.00 mark, following a failed rebound from the $13.75 base. At press time, the twentieth-largest cryptocurrency is under a renewed bearish influence, as it barrels down towards $13.75 again. That said, a retest of this multi-month low in the near term could make or...

Mr_Wogbe_Alex

Along with most of the market, Ethereum continues to suffer intense bearish pressure as it slipped below the critical $3,800 support. The crypto giant lacked the bullish fortitude to sustain a breach above the descending trendline at $4,000 yesterday, following a goodish rebound from the $3,695 low on Friday. Despite maintaining an overall bearish momentum, ETH...

Mr_Wogbe_Alex

BTC remains restricted within a steep descending channel, as bulls hit another roadblock at $48K this morning. If the benchmark cryptocurrency fails to retest and break the $48K mark over the coming hours, we could record yet another bearish continuation over the new week. That said, the primary target for bears is the $45K support. A break below that level would...

Mr_Wogbe_Alex

Bitcoin continues to toe a bearish path as it records bullish exhaustion at the $48,000 top from yesterday’s rebound from the $45,700 low. This rejection comes due to the string of resistance properties at the $48,000 line, considering the confluence of technical levels, including the 50 SMA line, descending trendline top, and the resistance line. That said,...

Mr_Wogbe_Alex

After battling to stay above the critical 0.0000350 - $0.0000325 pivot zone for over a week, SHIB has finally buckled under the prevailing bearish pressure and now pushes for the monthly low at 0.0000300. Except the meme coin can pull a fast one and jump above the $0.0000350 pivot top in the near term, we should see a bearish continuation to the 0.0000300 and,...

Mr_Wogbe_Alex

TRX maintained a bearish trajectory on Friday, as the price nears its last week’s low of $0.0790. The bearish sentiment comes amid a persistent marketwide sell-off that has plagued the industry for several weeks. Bearish trading volume on TRX remains on the high side, indicating that we could see a bearish break below my descending tripwire. While significantly...

Mr_Wogbe_Alex

As projected in my last analysis, BTC has regained some bullish traction, which pushed it to the $49,500 top today. In line with the last analysis, the benchmark cryptocurrency recorded a slowdown around that area, given that it coincides with my descending trendline. That said, the cryptocurrency now faces a critical juncture and should react erratically soon. As...

Mr_Wogbe_Alex

ETH regained a mild bullish momentum on Wednesday morning after slumping below the critical $3,970 - $3840 pivot support area on Monday and hitting the $3,669 low for the first time since October 18. At press time, the second-largest cryptocurrency has reentered the pivot area and trades at $3,882, putting the $3,800 support line beneath it again. That said, the...

Mr_Wogbe_Alex

Before yesterday, DOGE maintained a bearish pattern as it traded along my bearish tripwire since its $0.3400 peak in late October. Yesterday’s Musk-induced volatility helped the meme coin break away from the bearish pattern and hit the 0.2200 top. However, DOGE could not maintain this rally considering the FUD presence in the market and dropped to the $0.1800...