Mr_Wogbe_Alex

Mr_Wogbe_Alex

After posting a double-bottom pattern last week, Bitcoin failed to show any signs of a bullish breakout but, instead, fell into a sideways pattern as it has done for several weeks. The benchmark cryptocurrency has maintained a $1K price range between $18.5K to $19.5K although it has consistently recorded lower highs in the past few days. With the market outlook...

Mr_Wogbe_Alex

Bitcoin printed a double-bottom pattern yesterday after the US Fed delivered a 0.75% rate hike, infusing notable volatility in the cryptocurrency. As is typical in technical analysis, double-bottom patterns are followed by bullish rebounds. That said, BTC is already in the process of a rebound, with the benchmark cryptocurrency rallying by over 5% today. I...

Mr_Wogbe_Alex

Ripple has had an aggressive trading session over the past few days, with the cryptocurrency tapping the $0.42 mark for the first time since June 1. XRP has been aggressively bullish over the past few days, posting a 28% rally since its lowest point on September 16. The cryptocurrency seems poised to resurface above the $0.44 pivot top in the coming days and...

Mr_Wogbe_Alex

After crashing towards the $18K low on Sunday, Bitcoin managed a small rebound to the $19.6K pivot base yesterday. However, the benchmark cryptocurrency lacked the follow-up support to break past the barrier and into the $20K range. As a result, BTC returned to the sub-$19K mark in the North American session on Tuesday, where it currently hovers around. With the...

Mr_Wogbe_Alex

After approaching the $0.4000 mark for the first time since late July, XRP suffered a major dump to the $0.3400, effectively erasing bullish efforts recorded over the past few days. The sharp bearish dip comes amid fears of an aggressive rate increase by the US Federal Reserve in its September 21 meeting. The cryptocurrency regained stability around $0.3400...

Mr_Wogbe_Alex

Bitcoin is on a dangerously bearish path as it continues to battle against headwinds at the $20,000 level, as bears press for a move towards $18K. The benchmark cryptocurrency has managed to prop itself decently above the $19.6K range base over the past few days, which could be the last support level holding against an aggressive bearish trend. The...

Mr_Wogbe_Alex

Ripple is in an upbeat mood on Friday after suffering a minor setback following bearish reactions to the Ethereum Merge. The cryptocurrency is now on the verge of reclaiming the $0.3400 mark, as trading volume sees a minor facelift. This bullish move comes after a solid defense of the $0.3200 critical support by bulls, which should spur a rally near $0.3600 over...

Mr_Wogbe_Alex

Shiba Inu is on the verge of breaching the critical $0.0000113 mark, where the pivot base rests. The recent fall has driven the cryptocurrency to its lowest point since late July, as the crypto winter persists. That said, a successful defense of this mark over the coming hours would stall the bearish trend seen this week. Such action will also highlight the...

Mr_Wogbe_Alex

Ripple suffered a sharp blow yesterday following the release of higher-than-expected US inflation data, indicating that the US Fed is likely to maintain or increase its aggressive quantitative tightening. However, with the Ethereum Merge coming in a few hours, we should see some volatile movements for XRP soon. The immediate target for bulls is the $0.3800...

Mr_Wogbe_Alex

Though it suffered a bearish stint recently, ETH appears to be on an upward trajectory in the broader time frame. The cryptocurrency recently fell to the trendline following reactions to the US CPI data yesterday but has reacted well with the trendline. Buoyed by the upward-facing line, Ether currently coasts around the $1,600 low support a few hours to the...

Mr_Wogbe_Alex

The recent bullish spike by BTC seems to be getting undone on Tuesday after higher-than-expected CPI data sent risk-related assets on a southward move. The benchmark cryptocurrency, which was on track to reclaim the $23K mark for the first time since August 19, now struggles to retain the $21K support. That said, BTC would need to catch itself soon and...

Mr_Wogbe_Alex

After staging a bullish breakaway from its previous range, Ripple has fallen into yet another range-bound pattern between $0.3600 and $0.3500. The cryptocurrency is expected to continue in this pattern until the Ethereum Merge, which is slated for September 15. The general expectation from the event is a bullish breakout for the cryptocurrency, which could spur...

Mr_Wogbe_Alex

Following an aggressive 16% rally over the past four days, Bitcoin stands on the brink of scaling the long-resistant $21.7K pivot top on Sunday. The benchmark cryptocurrency graciously picked itself after suffering a sharp plunge to the $18.5K axis, posting a parabolic rally since September 7. With the excitement over the upcoming Ethereum Merge upgrade fueling...

Mr_Wogbe_Alex

Dogecoin is on track to record its third-consecutive bullish daily candle after bottoming at the $0.0578 mark yesterday. The recent bottoming aligns neatly with my long-standing bearish tripwire (trendline), highlighting a strong bearish outlook for the meme coin. At press time, DOGE trades at the $0.0635 mark, up by 4.2% today primarily due to the palpable...

Mr_Wogbe_Alex

SOL has staged an ambitious rebound over the last 48 hours, jumping by 18% from the $30.50 range base to the $36.00 resistance. While it has yet to break the $36.00 mark, the recent rebound highlights strong bullish momentum in the market ahead of the highly-anticipated Merge upgrade. As we head into the weekend, we could see the bullish momentum subside into...

Mr_Wogbe_Alex

Despite the general bullishness in the broader market this week, SOL continues to struggle with a sideways bias between the $34.00 to $30.50 range. The cryptocurrency suffered a major rejection from the top of this range earlier this week and now attempts a retest of that mark. I foresee another rejection from the $34.00 resistance in the coming hours, followed...

Mr_Wogbe_Alex

Ripple remains in a sideways pattern on Friday and shows little signs of a recovery attempt towards $0.3400. This comes as the broader market records a soft rebound, following reactions to the NFP and Unemployment data releases. That said, a sustained recovery above the $0.3500 mark seems unlikely at the moment. At the same time, a fall below the $0.3200 mark...

Mr_Wogbe_Alex

Binance Coin (BNB) is on a steady bearish correction despite positive sentiment in the broader market on Friday. The cryptocurrency is trading within a downward-facing (bearish) channel as bulls struggle to hold on to the $280 mark, which looks like the last defense before $230. The saving grace for BNB would be a return above the $300 - $320 resistance region,...