Mr_Wogbe_Alex

Mr_Wogbe_Alex

Following a mild bullish move yesterday, BTC touched the $59,000 resistance but failed to break above this crucial line for the third time in three days, indicating that this has become the critical level for bulls to clear to reinstate a bullish sentiment. The primary cryptocurrency briefly fell below the $56,000 pivot base yesterday but recorded a rebound to the...

Mr_Wogbe_Alex

BTC continues to struggle to get back on a bullish trajectory amid lingering FUD sentiments across the global financial market. The benchmark cryptocurrency recorded a firm bullish leg-up to the $59K barrier but lacked the bullish fortitude to break above that level and slumped to the $56K zone. This slump comes following the formation of a double-top pattern at...

Mr_Wogbe_Alex

Ripple has gained some bullish traction over the past few days as the Omicron-induced massive sell-off wanes. The seventh-largest cryptocurrency resurfaced above the $1 yesterday, converting the 4-hour 50 SMA into a support line. That said, XRP now aims for the $1.0500 pivot line followed by the $1.1000 pivot top. I expect to see a bullish continuation over the...

Mr_Wogbe_Alex

Shiba Inu has finally broken free of the descending trendline, following a brief consolidation along the $0.000400 line and a sharp spike towards the $0.0000550 pivot top on the Kraken listing news. However, the twelfth-largest cryptocurrency has recorded a steep correction to the 0.0000440 support since then, amid a marketwide retreat. That said, bulls need to...

Mr_Wogbe_Alex

BTC continues to express significant bearish tendencies below the $57K resistance, where my three-week-long descending trendline resides. Yesterday, the primary cryptocurrency shot up to the $59K level but failed to sustain the bullish traction as bears pushed the price back to the $56K pivot mark. That said, the cryptocurrency has rebounded towards the $57K zone...

Mr_Wogbe_Alex

As I projected in the previous analysis, BTC recorded a spike to the upper-$58,000 yesterday but encountered a snag below the $59,000 resistance, which sent the price to the $56,000 pivot top. That said, the benchmark cryptocurrency has posted a decent rebound to the $57,000 area as the broader market shakes off the previously bearish sentiment. A break above the...

Mr_Wogbe_Alex

As mentioned earlier, ADA has remained in a steep bearish bias ever since it clocked $3.160 in early September. The sixth-largest cryptocurrency hit a multi-month low of $1.417 yesterday but has rebounded near the $1.600 mark as it remains under intense uncertainty. That said, with the minor bullish comeback across the broader market, we could see a slight bullish...

Mr_Wogbe_Alex

Following a week-long decline from the $230 area on FUD sparked by the discovery of a potentially deadlier and more transmissible COVID-19 variant dubbed “Omicron,” SOL appears to have regained a semblance of bullish traction. The fifth-largest cryptocurrency held its position above the $182 support despite intense bearish pressure and facilitated a rebound into...

Mr_Wogbe_Alex

Following its FUD-induced fall, BTC has found some support at the $54,000 pivot base, as the market witnessed a bearish slowdown on Sunday. That said, the next course of action for the benchmark cryptocurrency remains shrouded in uncertainty. Nonetheless, if BTC continues to prevent a bullish slide below the $54,000 line over the coming hours, we could see an...

Mr_Wogbe_Alex

As mentioned earlier, BTC currently trades under intense bearish pressure, following the discovery of a new COVID-19 variant in South Africa. The new variant is said to be more communicable and deadly than its predecessors, according to the WHO. This announcement sent the entire financial markets into aggressive sell-off modes as investors moved to less risky...

Mr_Wogbe_Alex

SHIB continues to stumble downwards along my multi-week-long descending trendline as the broader market suffers from a renewed FUD amid risk-off market mood. SHIB recently recorded a bullish breakout away from the trendline and near the $0.0000500 resistance yesterday. However, with the renewed sell-off, one can deduce that the spike was only a bull trap as...

Mr_Wogbe_Alex

SOL has maintained a steady downward bias since it reached its peak at $260 earlier this month. That said, the fifth-largest cryptocurrency has completed a descent to my multi-month ascending trendline around $185. This sustained bearish move comes amid a marketwide sell-off following a renewed COVID-19-induced FUD. While SOL appears to have touched the bottom of...

Mr_Wogbe_Alex

As projected in my last analysis, BTC has acquired some bullish undertone after breaking above my descending channel around $57,000. This break comes as bears repeatedly failed to sustain a break below the $56,000 pivot line. That said, the benchmark cryptocurrency now battles with the $58,000 mark bolstered by the 4-hour 50 SMA line. A clean break above this...

Mr_Wogbe_Alex

XRP has slipped below the critical $1.100 - $1.0500 pivot zone, as the “bankers’ cryptocurrency” struggles to keep bears at bay amid a marketwide FUD. XRP currently trades along a descending trendline, which appears to be taking the cryptocurrency towards the $1 mark. Bulls need to resist this bearish pull and cling to the $1.100 - $1.0500 pivot zone as we head...

Mr_Wogbe_Alex

As the crypto market continues to wallow in bearishness, DOGE has fallen into a sideways pattern for the past week between $0.2400 and $0.2175. The meme coin continues to struggle to post any meaningful bullish gains above the 4-week-long descending trendline. That said, DOGE now faces a critical juncture around the $0.2175 support as a possible breakout looms...

Mr_Wogbe_Alex

Despite having positive on-chain metrics, BTC still struggles to muster any bullish traction as bears keep the pressure. The benchmark cryptocurrency currently trades above the critical $56K - $53.7K pivot zone, which until last Friday remained unbroken for six weeks. That said, if bears lack the strength to push the price below the upper limit and towards the...

Mr_Wogbe_Alex

Despite a decent bullish attempt last Friday, Shiba Inu continues to trade along my four-week-long descending trendline. However, Friday’s bullish attempt helped SHIB flip from below the trendline to the upper limit, thereby easing the bearish pressure from the trendline. That said, the twelfth-largest cryptocurrency currently trades on a slightly bullish...

Mr_Wogbe_Alex

XRP slipped below the critical $1.1000 - $1.0500 pivot area again this morning amid a sharp reversal across the broader market. This comes as the cryptocurrency market continues to trade with immense uncertainty towards the end of the month, a critical time for the market. Already, the seventh-largest cryptocurrency is on track to record a bearish November this...