Mr_Wogbe_Alex

Mr_Wogbe_Alex

Bitcoin has again confirmed its range-bound channel between $30,600 and $28,700 after a sharp rejection from the former yesterday. BTC suffered a 5.8% dump after tapping the $30,626 channel top yesterday. This would be the third-consecutive rejection from that top, forming a triple top for BTC. That said, we could witness a bearish continuation to the $28,700...

Mr_Wogbe_Alex

Shiba Inu remained restricted within a range on Monday, despite a broader recovery in the crypto market over the weekend. As mentioned earlier, SHIB posted a 10% spike in the early Asian session on Monday but failed to preserve this rally and has retraced near the $0.0000120 support. The 4-hour stochastic indicator shows that the cryptocurrency is easing out of...

Mr_Wogbe_Alex

Bitcoin remained in a sideways bias over the weekend between the lower-$30K area and the $29K support. The benchmark cryptocurrency remained solidly above the $29K support, further galvanizing assertions that BTC has seen its bottom in the recent crash. Having remained steady over the weekend, we could see positive moves for the flagship cryptocurrency and the...

Mr_Wogbe_Alex

As projected in my previous analysis, Cardano continues to record with a sideways bias between $0.600 - $0.500 as the crypto winter commences. Currently, the cryptocurrency is on the verge of breaching the $0.500 support as the equities market resumed its downward spiral on Friday. A breach of the $0.500 support level could accelerate a retrace to the channel...

Mr_Wogbe_Alex

Shiba Inu has held the $0.0000120 support for some days now, as the meme token falls into a sideways pattern. This sideways momentum comes amid proclamations of a “crypto winter,” indicating that the bias would persist in the near term and likely worsen. The broader market continues to fight to gain some bullish traction, but bears remain resolute in pressuring...

Mr_Wogbe_Alex

Bitcoin continues to hold along the $30,000 psychological mark despite attempts by bears to send prices lower. This is a good sign for bulls as it suggests that the market could record a bullish wave that would send it to the $33,000 level in the near term. A move in this direction should rescue BTC and the broader market from the brewing crypto winter. However,...

Mr_Wogbe_Alex

Cardano recorded another rejection from the $0.600 barrier in the Asian session on Monday, as a double-top pattern emerges. If the technicals still play any role in the market at this point, we could see a bearish continuation to the $0.500 in the near term. This decline, assuming the 0.500 support holds, could foster a bullish attempt towards the $0.700 level in...

Mr_Wogbe_Alex

While its hashrate has performed exceptionally over the past weeks, Ethereum’s price has only suffered the opposite, as ETH continues to drag its feet under $2,100. The second-largest cryptocurrency managed to muster some bullish momentum over the past three days, but this bullish effort came to naught today after it dipped below the psychological $2,000 mark....

Mr_Wogbe_Alex

LUNA has found itself in a pickle as it witnesses its worst week in its history. As mentioned earlier, the cryptocurrency has shaved off almost 99% of its value in the last seven days as investors continue to dump and pile up short positions. At this rate, LUNA could drop to the $2 mark before the end of the day. Recovering from such a loss will not be a walk in...

Mr_Wogbe_Alex

Bitcoin suffered a monstrous sell-off yesterday, as more whales dumped their BTC for safer assets amid growing concerns about global economic growth. The benchmark cryptocurrency tapped its lowest point since July 2021, printing a low of $29,750 in the Asian market open yesterday. The cryptocurrency has since rebounded to the $32,000 region, where it currently...

Mr_Wogbe_Alex

Bitcoin’s bearish woes have only worsened over the past week, as the benchmark cryptocurrency breached the critical $30K support, along with my broader pivot zone, yesterday. This bearish slide saw the cryptocurrency hit the $29.7K low after a five-day consecutive decline, its lowest point since July last year. BTC has now rebounded to the $32K top today, as it...

Mr_Wogbe_Alex

ADA resumed its downward trend aggressively on Monday, as the cryptocurrency shaved 10% of its value. The eighth-largest cryptocurrency has now breached the $0.700 floor, extending losses to $0.665, its lowest point since February 2021. The cryptocurrency is on track to retracing towards the midpoint on my channel highlighted on the daily chart, where the $0.500...

Mr_Wogbe_Alex

Bitcoin cannot seem to catch a break from the rain of bearish blows as the benchmark cryptocurrency slumped to the $34,300 low. The bearish momentum comes as investors flee risky assets, like Bitcoin, for their safe-haven counterparts. This investor migration can be seen in the increased offloading of holding by BTC whales, according to a CryptoQuant report....

Mr_Wogbe_Alex

Binance Coin has had nothing short of a roller-coaster price action over the past 48 hours. Following the US Fed rate decision on Wednesday, the market recorded a sharp rally, peaking at the $413 top. However, the market took an unexpected dive in the following hours, sponsored by the stock market. The crash recorded yesterday set BNB on course to its lowest...

Mr_Wogbe_Alex

Just as projected in my last analysis, Bitcoin has responded favorably to the US Fed rate announcement, as the benchmark cryptocurrency bounced from the $37,700 area to the $40,000 top, a 5.8% jump. However, the cryptocurrency lacked the coordination to take the $40,000 barrier, prompting a correction to the mid-$39,000 area today. That said, BTC holds its place...

Mr_Wogbe_Alex

Ripple has fallen into a sideways bias between $0.6000 and $0.6300 as traders resign to the sidelines ahead of the US Fed interest rate decision later today. The cryptocurrency briefly dipped below the multi-month-long trendline last weekend but has fought to keep its head afloat today. The cryptocurrency has also wandered into an oversold condition but might...

Mr_Wogbe_Alex

As mentioned earlier, Chainlink has fallen to its lowest point in over 17 months, as the DeFi giant slumped below the $11.00 mark. After a sideways open to the week, LINK now appears to be gaining some upward traction, as it tapped the $11.50 top for the first time in four days. That said, the broader market sentiment has received a mild boost over the hours as...

Mr_Wogbe_Alex

Bitcoin has fallen into a sideways pattern over the past few hours as traders retire to the sidelines ahead of the US Fed’s rate decision tomorrow. Opinions are divided across the markets as some expect the bearish momentum to resume once the institution announces its decision. However, others argue that the potential downside has already been priced-in, meaning...