Mr_Wogbe_Alex

Mr_Wogbe_Alex

Following the recent plunge to the $53,760 low, which aligned with my previous $56,100 - $53,755 pivot zone, BTC recorded a mild bullish recovery near the $60,000 mark, although recorded a minor dip to the upper-$58,000 area earlier today. This minor correction aligns with my eleven-day-long descending channel, indicating that this channel is crucial to the...

Mr_Wogbe_Alex

Binance Coin (BNB) has regained some upward momentum, following a debilitating bearish market over the past week. The third-largest cryptocurrency unexpectedly fell to the $520 low amid intense bearish pressure. However, the trading sentiment saw a sharp reverse around the $520 support, confirming a broader upward trajectory for BNB. That said, it is likely that...

Mr_Wogbe_Alex

SHIB has suffered a crushing decline over the last three weeks after it peaked at $0.0000885. The meme coin remains unable to break above my three-week-long descending trendline as it recorded its lowest point since October 25. That said, the eleventh-largest cryptocurrency currently approaches this trendline again and needs to post a decisive close above this...

Mr_Wogbe_Alex

As mentioned earlier, BTC is in an intense bearish row as bulls struggle to keep the price above $59,000. Interestingly, the benchmark cryptocurrency currently trades within a descending channel and rests above the base of this technical pointer. This base coincides with the $59,000 support, indicating that bulls should succeed in defending this level....

Mr_Wogbe_Alex

On the daily timeframe, we can observe that the $59K support line remains intact despite the recent sharp crypto market drop. Bulls only need to defend this line over the next few days to reestablish some upward traction. That said, further corrections to and below the $59K support is not out of the picture. Notably, we could see a drop to the lower-$58K area if...

Mr_Wogbe_Alex

Along with the rest of the cryptocurrency market, SOL has suffered a defeating blow from bears since it printed a new record high at $260 last week. The fifth-largest cryptocurrency has slipped below the critical $216 support as bears keep their feet in the gas. With the price approaching the 209 support, we could see a rebound off the line, pending the efficacy...

Mr_Wogbe_Alex

XRP has stumbled hard to its lowest point in November, following a marketwide crash triggered by intense profit-taking. The seventh-largest cryptocurrency fell to its prevailing support base at $1.0500, bolstered by my ascending trendline and $1.1000 - $1.0500 pivot zone yesterday. XRP has since rebounded slightly from the crash and currently trades along the...

Mr_Wogbe_Alex

Despite the recent listing by Gemini and the proposed one by Kraken, SHIB continues to trade flatly around the $0.0000525 area. This comes amid a sustained flow along my three-week-long descending trendline, bolstered by our hourly 200 SMA. However, our hourly 50 SMA continues to prop up the meme coin from bearish pressure. That said, SHIB needs to secure a clean...

Mr_Wogbe_Alex

Following a steady correction to the $4,520 low (base of my seven-week-long ascending channel), ETH appears to have gained some upward mobility as it breaks above the $4,700 barrier. That said, the behemoth cryptocurrency needs a break above my prevailing trendline at the $4,740 level. A successful close above this line should open the doors for a possible $5,000...

Mr_Wogbe_Alex

Last week’s bearish wave appears to have dissipated as BTC regains stability above $64K. That said, we could see some bullish price action in the near term as the benchmark cryptocurrency maintains its overall upward trajectory. Interestingly, the price reaction to the recently-implemented Taproot upgrade has yet to hit the market, with many speculators predicting...

Mr_Wogbe_Alex

BTC regained a mild bullish tone on Sunday following a drop to the $63,000 pivot zone on the VanEck spot BTC ETF rejection by the SEC. The benchmark cryptocurrency now confirms the $63,000 level as the base of the current trend as bulls prepare to drive the price higher soon. BTC has also completed a full retracement from above 1192.23 (overbought conditions) on...

Mr_Wogbe_Alex

DOGE has fallen into a bearish momentum towards the $0.2400 mark, as the broader market suffered a significant correction this morning. The tenth-largest cryptocurrency broke below the $0.2600 support recently, following a minor consolidation above that level. That said, this previously-unlikely bearish move could persist as we enter the weekend, with bears...

Mr_Wogbe_Alex

Following a retest of the $4,800 high in the early Asian session today, ETH has suffered a crash slightly below the $4,600 line amid a widespread decline. That said, Ether dipped below my six-week-long ascending trendline and the 4-hour 50 SMA, indicating intense bearish pressure. Bulls need to defend the $4,600 line over the coming days or risk a bearish...

Mr_Wogbe_Alex

Following the slump to the $63K low, BTC has recorded a minor recovery to the mid-$65K zone, as bulls fight to push the price back to previous highs. However, BTC remains over 5% below its weekly high. That said, the primary cryptocurrency appears to be climbing out of bearish conditions on my hourly chart. BTC bulls need to secure a close above the $66K...

Mr_Wogbe_Alex

Following a two-day consolidation below the critical $1.2700 level, XRP has finally reclaimed the $1.3000 area for the first time in ten weeks. The seventh-largest cryptocurrency touched the $1.3250 top a few minutes ago, indicating an immense bullish presence. That said, bulls need to plant a candle close above the $1.3000 psychological mark to sustain this...

Mr_Wogbe_Alex

SHIB continues to suffer intense bearish resistance since its recent peak, as the price falls below the critical $0.00005500 line. That said, the eleventh-largest cryptocurrency appears to be trading along my descending trendline towards the $0.00004312 previous low amid neutral trading conditions. To regain a bullish momentum, SHIB needs to break above the...

Mr_Wogbe_Alex

The benchmark cryptocurrency finally broke the $67K top late yesterday, following a parabolic bull run since last Saturday. BTC recorded a new all-time high around $68.5K before correcting to the $67K region. While trading conditions have become overheated on lower timeframes, my daily chart indicates that BTC has just resurfaced from bearish conditions indicating...

Mr_Wogbe_Alex

XRP appears to have taken the echoes of a possible settlement well as the seventh-largest cryptocurrency recorded an intraday rally of over 7% and a seven-day jump of more than 15%. XRP came close to touching the $1.3000 psychological resistance earlier today, but bulls ran out of steam, causing the price to fall to the $1.2530 level. That said, the embattled...