Mr_Wogbe_Alex

Mr_Wogbe_Alex

Bitcoin resumed an aggressive bullish recovery in the US session on Thursday after bottoming out at $20,725 on July 26. The bullish rebound comes after the benchmark cryptocurrency broke the July 20 descending trendline following an aggressive retest of the line yesterday. BTC now sits at the edge of $24,000 as bullish trading volume mounts. The primary...

Mr_Wogbe_Alex

Following a rough start to the week, Ripple snapped the bearish streak around $0.3260 yesterday. The cryptocurrency has proceeded to return atop the May trendline, with the $0.3500 - $0.3600 range coming into focus again. However, the US Fed has delivered a 75 basis points (bps) rate hike in its July FOMC meeting today, posing a strong possibility of a sharp...

Mr_Wogbe_Alex

Bitcoin resumed its bearish momentum on Tuesday, with the cryptocurrency falling beneath the $21K level for the first time in eight days. The bearish sentiment comes as the US dollar gained significant demand following favorable economic events. Speaking of, the US Fed is expected to deliver another 0.75% rate hike tomorrow, which could drive the benchmark...

Mr_Wogbe_Alex

While it showed solid bullish prospects over the weekend, upbeat expectations for Ripple were abruptly cut short at the Asian market open on Monday, forcing the cryptocurrency below the critical $0.3500 support. XRP is now on the verge of retesting my ascending trendline at around $0.3400. While this line could provide some cushion to the fall, we could see a...

Mr_Wogbe_Alex

Ethereum continued its recovery on Wednesday, reclaiming the $1,600 top at press time. Yesterday, the cryptocurrency tapped a new five-week high at $1,631, a 62.5% jump from its July low of $1,005. While some analysts foresee a return to the sub-$1,000 area, we might not see such declines in the medium term as ETH appears likely to end July on a positive note,...

Mr_Wogbe_Alex

Bitcoin continued on its bullish streak on Tuesday after a slight deviation over the weekend. The primary cryptocurrency has tapped the $23K mark for the first time since June 16, paving the way for additional strides. However, it bears mentioning that BTC now trades within overbought territories on the daily stochastic indicator, suggesting that a sharp...

Mr_Wogbe_Alex

Ethereum Classic has tapped the critical $23.00 line for the first time since June 6, following a consecutive six-day rally. ETC also breached the daily 100 EMA for the first time since March and stands the chance of prompting a momentum change if it closes the day’s candle above this line. Better still, ETC could put $30.00 back into focus if it manages a candle...

Mr_Wogbe_Alex

ETH has enjoyed a steady bullish recovery over the past few days after ETH developer Superphiz confirmed a possible launch date for the Merge network upgrade. The second-largest cryptocurrency tapped the $1,500 mark for the first time since early June, after a prolonged consolidation between $1,265 and $1,000. The cryptocurrency has acquired a clear-cut...

Mr_Wogbe_Alex

BTC rode on the wave of an Ethereum (ETH) yesterday, sending the benchmark cryptocurrency to the $21.7K range top. Not surprisingly, the cryptocurrency lacked the momentum to continue above the range, warranting a correction to the $21K mark. That said, Bitcoin remains on course for a rebound from $21K as sentiment across the market brightens. However, the...

Mr_Wogbe_Alex

As previously projected, Bitcoin suffered another dip to the $19,000 low after breaching the $20,000 level on Monday. The benchmark cryptocurrency managed to put up a fight, rising on the hot US inflation figures yesterday but could not manage a push above the 100 EMA line around $20,500, prompting another leg down. That said, I expect to see another retest of...

Mr_Wogbe_Alex

Bitcoin ended a four-day losing streak yesterday after tapping the $19K base. Currently, the flagship cryptocurrency has bounced off the mentioned base and fights to regain a footing above the $20K mark. With the US dollar scaling new record highs, a sustained push above the $20K mark seems unlikely for the cryptocurrency as traders prepare for a possible fall...

Mr_Wogbe_Alex

Despite being big news for Ripple, the lawsuit ruling by Judge Netburn did not affect the cryptocurrency, leaving it to the whims of the broader market sentiment. As a result, XRP suffered a massive influx of sell trades earlier today, driving it close to the $0.3000 support. That said, the seventh-largest cryptocurrency posted a sharp rebound, promising to push...

Mr_Wogbe_Alex

In an unexpected turn of events, Bitcoin suffered a breach below the $20,000 consolidation zone after a three-day slump from the $22,000 area. The 4-hour Stochastic indicator now scrapes below the critical 20.00 base, highlighting the absence of any opposing bullish force. That said, a bearish resumption to the $19,000 level, and possibly $18,000, return on the...

Mr_Wogbe_Alex

Bitcoin returned to the bears at the Asian open on Sunday, falling from the $22K top to the sub-$20K mark as macroeconomic and geopolitical developments weighed on risky assets. The benchmark cryptocurrency now clings at the $20K base as it fights to stall further bearish clearance to the $19K - $18K zone. While July is hoped to be a bullish month for the...

Mr_Wogbe_Alex

Binance Coin (BNB) resumed its retreat from the $243 area on Monday, bottoming at the $230 support. The fifth-largest cryptocurrency has hovered above this line for most of today, indicating a potential rebound in the coming days. From a broader view, BNB trades within a large bearish flag as illustrated on my 4-hour chart, supporting the possibility of a...

Mr_Wogbe_Alex

After aggressively breaking the 100 EMA resistance last Thursday, Bitcoin tapped a peak near $22.5K, its highest point in July. Not surprisingly, however, the benchmark cryptocurrency could not sustain this bullish resurgence, prompting a correction. That said, BTC is on a journey to the $21K support, where we could see a bullish resumption or a return to the...

Mr_Wogbe_Alex

Along with the broader market, Solana recently staged a steady recovery towards the $40.00 mark. However, the cryptocurrency lacked the backing to breach this top and entered a recess towards $35.00, where the 100-day EMA should provide support. With the prevailing sentiment in the market, we should see a bullish resumption over the coming days, along the...

Mr_Wogbe_Alex

Shiba Inu has held above the $0.0000100 mark since late June as traders await a meaningful amount of trading volume in the market amid the raging crypto winter. On the larger time frame (daily chart), SHIB appears to be repeating a pattern recorded in early 2022. That said, a continuation of this pattern could see the meme token rerun above the $0.0000150 mark...