Mr_Wogbe_Alex

Mr_Wogbe_Alex

DOGE has gained a decent bullish momentum following a decisive break above the critical $0.2750 pivot level. The meme coin rallied close to the $0.3000 round figure but failed to scale above following a market-wide correction. That said, the ninth-largest cryptocurrency currently holds a significant bullish bias as the 4-hour MACD indicator finally climbs out of...

Mr_Wogbe_Alex

BTC continues to trade along my eighteen-day-long descending trendline, following another sharp rejection from the $64,000 top. However, the flagship cryptocurrency has recorded a decent rebound since the correction to the $60,000 psychological support and aims to retake the $63,000 zone. That said, bulls need to hold above the $61,785 critical juncture (bolstered...

Mr_Wogbe_Alex

As mentioned earlier, Shiba Inu is in a dramatic bearish spiral as traders book profits. The meme currency bottomed at $0.00004312 yesterday before jumping near the $0.00005500 resistance. This jump failed to yield the desired results for SHIB holders as the cryptocurrency dropped again to $0.00004500. However, the eleventh-largest cryptocurrency has rebounded...

Mr_Wogbe_Alex

Following an eleven-day sideways pattern between $216 and $185, SOL finally retook its previous $216 record high, facilitating a parabolic run to the $250 top in the early Asian session today. That said, the cryptocurrency has swung dangerously close to overbought conditions at 12.95 on my 4-hour MACD technical tool, indicating a possible slowdown in the near...

Mr_Wogbe_Alex

After failing to hold above the $64K pivot line, following a bullish breakout on Tuesday, the primary cryptocurrency fell to the $60K psychological support. Following the fall, bulls immediately went into action with intense dip-buying, which helped BTC recover into the $64K - $63K pivot zone. However, the cryptocurrency resumed its downward journey today as it...

Mr_Wogbe_Alex

After a sharp rally to the $1.2350 seven-week top this morning, XRP suffered a bearish blow to the $1.1500 support as bears claim control of the $1.2250 top. This price action comes after a prolonged downward-trending cycle towards the $0.9500 low, followed by consolidation between the $1.1000 - $1.0500 pivot area. With the price currently at $1.1660 area, I...

Mr_Wogbe_Alex

As mentioned earlier, ETH continues to crush new record highs as the second-largest cryptocurrency peaked near the $4,700 level in the early Asian session today. That said, the cryptocurrency has exhibited some signs of a bullish slowdown as it corrected mildly to the $4,500 support a little while ago. This correction comes as the price enters slightly overheated...

Mr_Wogbe_Alex

As projected in my last analysis, BTC has finally broken above the bullish flag as the benchmark cryptocurrency snapped the critical $63,000 resistance earlier today. That said, the flagship cryptocurrency has yet to record a close above the $64,000 pivot line to secure its renewed bullish bias. As such, bulls need to keep the pressure on and scale the $64,000...

Mr_Wogbe_Alex

Despite a bullish undertone across the market, BTC continues to struggle with maintaining any meaningful gains. The benchmark cryptocurrency struggled to break the $61,785 resistance and the top of our wedge. That said, my bullish flag breakout projection still stands, with the $63K - $64K pivot zone as my first target. On the flip side, we could see a bearish...

Mr_Wogbe_Alex

Amid a quiet trading session on Monday, BNB recorded a 5% intraday rally and touched its highest point since May 17 at $543. This jump comes amid a three-day consolidation between the $540 and $510 level last weekend. That said, the third-largest cryptocurrency currently trades within an ascending channel, indicating that more upsides are likely in the near term....

Mr_Wogbe_Alex

The second-largest cryptocurrency has rallied back into the critical $4,330 - $4,380 juncture as bulls aim to refresh its all-time high at $4,460. ETH currently trades along an ascending trendline and the 4-hour 50 SMA, indicating a heavy bullish presence. That said, we should expect to see minor dips along the way, with the $4,200 support serving as the base of...

Mr_Wogbe_Alex

As noted earlier, BTC is at risk of falling from the $60,000 support amid an overall sideways bias. A fall from the current price level could push the benchmark cryptocurrency to retest the $57,500 support, which should align with the 4-hour 200 SMA if that happens. Interestingly, BTC currently trades within a bullish flag on our 4-hour chart. That said, the...

Mr_Wogbe_Alex

BTC appears to have steadied its descent above the $58K support and currently trades at $59.2K, +1% intraday. As long as bulls hold their ground above the upper-$58K area today, the benchmark cryptocurrency should resume on an upwards journey towards $61K over the coming days. However, a break below the $58Ks could trigger another selloff into the $56K -$54K...

Mr_Wogbe_Alex

Following a sharp rejection around the $63,700 area, BTC suffered a parabolic drop to the $58,100 low over the past 24 hours despite favorable (neutral) trading conditions. The $58,000 support prevented any further decline and has set the benchmark cryptocurrency back on course for $60,000, as BTC trades around the $59,000s this morning. While I expect a sustained...

Mr_Wogbe_Alex

Following a retest of the $4,370 - $4,330 axis earlier today, ETH has formed a double top pattern and has acted accordingly; in a bearish manner. The largest altcoin fell to the $3,935 low a while back before jumping back above the $4,000 support. That said, I expect to see a bearish continuation into the $3,970 - $3,840 consolidation area over the coming hours...

Mr_Wogbe_Alex

XRP has come under intense bearish pressure as it fails, once again, to break above my descending trendline. The seventh-largest cryptocurrency suffered a bearish spiral to the $0.9500 support a while ago but saw a quick rebound to the $1.0220 area. With the current bearish sentiment plaguing the broader market, I expect XRP to retest the $1.0000 psychological...

Mr_Wogbe_Alex

BTC has reemerged from its recent bearish correction towards the $60K round figure, although the price slipped slightly below the mark. That said, the benchmark cryptocurrency has entered my $63K - $64K pivot area, as we expect to close the month within this zone. However, I expect to see a retest of the upper-$64K zone in the coming days, provided bulls hold...

Mr_Wogbe_Alex

Following a two-day-long reversal towards the $60,000 level, BTC has reclaimed its bullish drive as it touched the $63,700 mark yesterday. The benchmark cryptocurrency currently holds up above the 50 SMA as it fights to secure its position above the critical $63,000 barrier. That said, I expect to see a bullish continuation over the coming days to the $64,900...