Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 20/09/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin fell by 4.70% in the week ending 19th September. Partially reversing a 46.36% surge from the week prior, Binance Coin ended the week at $27.18.

It was a bullish start to the week. Binance Coin rallied to a Monday intraweek high and new swing hi $32.5 before hitting reverse.

Off the back of 2 consecutive days in the green, Binance Coin broke through the first major resistance level at $31.91.

The reversal saw, however, saw Binance Coin slide to a Thursday intraweek low $25.77.

While steering well clear of the first major support level at $21.78, Binance Coin fell through the 23.6% FIB of $27.5.

Range-bound through the latter part of the week, Binance Coin saw resistance at $29 limit any upside. Steering clear of the 38.2% FIB of $23.5 and the first major support level at $21.78 was key in the week, however.

4 days in the green that included a 9.30% jump last Sunday failed to prevent a weekly loss. A 13.36% slide on Tuesday did the damage.

For the week ahead

Binance Coin would need to move through 23.6% FIB of $27.5 and the $28.48 pivot to bring the first major resistance level at $31.20 into play.

Support from the broader market would be needed for Binance Coin to break back through to $30 levels.

Barring another extended crypto rally, the first major resistance level should leave Binance Coin short of $32 levels.

In the event of another crypto rally, the second major resistance level at $35.21 could come into play.

Failure to move through the 23.6% of $27.5 and the $28.48 pivot would bring the first major support level at $24.47 into play.

Barring a crypto sell-off, Binance Coin should steer well clear of sub-$20 levels in the week.

The 38.2% FIB of $23.5 and the second major support level at $21.75 should limit any downside.

At the time of writing, Binance Coin was down by 0.11% to $27.15. A bearish start to the week saw Binance Coin fall from an early morning high $27.24 to a low $26.93 on Sunday morning.

Binance Coin left the major support and resistance levels untested at the start of the week.

BNB/USD 20/09/20 Daily Chart

Litecoin

Litecoin slid by 4.66% in the week ending 19th September. Partially reversing a 6.31% gain from the previous week, Litecoin ended the week at $48.48.

It was a choppy start to the week. A 5.25% slide on Sunday saw a Litecoin fall from an intraweek high $51.05 to a Monday low $47.15 before finding support.

Steering clear of the first major support level at $47.00, Litecoin briefly recovered to $50 levels before sliding back into the deep red.

Litecoin fell to a Wednesday intraweek low $47.00 before wrapping up the week at $48 levels.

The first major support level at $47.00 limited the downside in the week.

5 days in the red, which included the 5.25% slide last Sunday, delivered the downside for the week.

For the week ahead

Litecoin would need to move through the $48.84 pivot to support a run at the first major resistance level at $50.69.

Support from the broader market would be needed, however, for Litecoin to break back through to $50 levels.

Barring an extended crypto rally, the first major resistance level and last week’s high $51.05 would likely limit any upside.

In the event of a breakout, the second major resistance level at $52.89 should leave Litecoin short of the 23.6% FIB of $54.

Failure to move through the $48.84 pivot would bring the first major support level at $46.64 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $44.79.

At the time of writing, Litecoin was down by 0.04% to $48.46. A bearish start to the week saw Litecoin fall from an early morning high $48.49 to a low $48.32.

Litecoin left the major support and resistance levels untested at the start of the week.

LTC/USD 20/09/20 Daily Chart

Tron’s TRX

Tron’s TRX slid by 15.30% in the week ending 19th September. Reversing a 9.72% rally from the previous week, Tron’s TRX ended the week at $0.027693.

It was a bearish start to the week. Tron’s TRX fell from a Sunday intraweek high $0.003321 to a Wednesday intraweek low $0.025271 before finding support.

The sell-off saw Tron’s TRX fall through the 23.6% FIB of $0.0291 and the first major support level at $0.02807.

Steering clear of sub-$0.025 levels, Tron’s TRX revisited $0.0299 levels before easing back. The 23.6% FIB of $0.0291 pinned Tron’s TRX back late in the week.

5 days in the red that included a 6.4% slide on Sunday and an 8.2% tumble on Tuesday delivered the downside. A 6.95% rally on Thursday limited the downside for the week, however.

For the week ahead

Tron’s TRX would need to move through the $0.02872 pivot and the 23.6% FIB $0.0291 to support a run at the first major resistance level at $0.03218.

Support from the broader market would be needed, however, for Tron’s TRX to break out from $0.030 levels.

Barring a broad-based crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended rally, the second major resistance level at $0.03666 would likely leave Tron’s TRX short of $0.04 levels in the week.

Failure to move through the $0.02872 pivot would bring the first major support level at $0.02424 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.02078.

At the time of writing, Tron’s TRX was down by 0.95% to $0.02743. A bearish start to the week saw Tron’s TRX fall from an early Sunday morning high $0.027698 to a low $0.027167.

Tron’s TRX left the major support and resistance levels untested at the start of the week.

TRX/USD 20/09/20 Daily Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 16/09/20

crypto currency mining concept

Binance Coin Price Support

It’s been a mixed 1st half of the week for Binance Coin.

Binance Coin fell to a Sunday low $27.58 before making a move.

Steering clear of the first major support level at $21.78, Binance Coin rallied to a Monday current week high and new swing hi $34.06.

Binance Coin broke through the first major resistance level at $31.91 before hitting reverse.

The reversal on Tuesday, saw Binance Coin slide back through the first major resistance level to a Tuesday low $26.35.

While continuing to steer clear of the major support levels, Binance Coin fell through the 23.6% FIB of $27.5 on Tuesday.

Tuesday’s sell-off saw Binance Coin reverse gains from Sunday and Monday to sit in the red mid-week.

For the current week, Sunday through Tuesday, Binance Coin was down by 4.98% to $27.1. A 13.36% tumble on Tuesday reversed two days in the green that included a 9.3% breakout on Sunday.

The near-term bullish trend remained intact, however, supported by this week’s breakthrough to $34 levels.

It has been a particularly bullish start to the year in spite of a reversal. Having been up by as much as 101% year-to-date, Binance Coin was up by 98.53% year-to-date.

At the time of writing, Binance Coin was down by 3.48% to $26.16. A bearish start to the day on Wednesday saw Binance Coin fall from an early morning high $27.32 to a current week low $25.80.

Binance Coin continued to leave the major support and resistance levels untested early in the day.

BNB/USD 16/09/20 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the $25.19 pivot level to support another run at the first major resistance level at $31.91.

Support from the broader market would be needed, however, for Binance Coin to break out from the 23.6% FIB of $27.5 to $30 levels.

Barring an extended crypto rebound, the first major resistance level would likely limit any upside.

In the event of an extended breakout, Binance Coin could test the second major resistance level at $35.32 before any pullback.

A fall through the $25.19 pivot level would bring the 38.2% FIB of $23.5 and the first major support level at $21.78 into play.

Barring an extended crypto sell-off, however, Binance Coin should steer well clear of sub-$20 levels.

The 62% FIB sits at $17, with the second major support level at $15.06.

Looking at the Technical Indicators

Major Support Level: $21.78

Major Resistance Level: $31.91

23.6% FIB Retracement Level: $27.5

38.2% FIB Retracement Level: $23.5

62% FIB Retracement Level: $17.00

The Crypto Daily – Movers and Shakers – September 16th, 2020

bitcoin with us dollars and calculator

Bitcoin, BTC to USD, rose by 1.00% on Tuesday. Following on from a 3.47% rally on Monday, Bitcoin ended the day at $10,797.9.

It was a choppy start to the day. Bitcoin rose to an early morning high $10,840.0 before sliding to a late morning intraday low $10,645.0.

Steering well clear of the first major support level at $10,375, Bitcoin rallied to a mid-day intraday high $10,944.0.

Bitcoin broke through the first major resistance level at $10,889 to test resistance at $11,000.

Easing back in the afternoon, Bitcoin slipped to $10,720 levels before briefly revisiting $10,890 levels.

Coming up against the first major resistance level at $10,889, Bitcoin slipped back to end the day at sub-$10,800 levels.

The near-term bullish trend remained intact, in spite of the latest pullback to sub-$10,000. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was another mixed day on Tuesday.

Bitcoin Cash ABC joined Bitcoin in the green, with a gain of 3.69% to buck the trend.

It was a bearish day for the rest of the pack.

Binance Coin and Tron’s TRX led the way down, with losses of 13.34% and 7.84% respectively.

Cardano’s ADA (-3.63%), Ethereum (-3.46%), Stellar’s Lumen (-2.93%), and Tezos (-4.23%) also struggled.

Bitcoin Cash SV (-0.12%), EOS (-0.92%), Litecoin (-1.59%), Monero’s XMR (-0.69%), and Ripple’s XRP (-0.92%) saw relatively modest losses on the day.

In the current week, the crypto total market fell to a Monday low $314.21bn before rising to a Tuesday high $337.61bn. At the time of writing, the total market cap stood at $322.44bn.

Bitcoin’s dominance rose from a Monday low 59.64% to an early Wednesday high 61.39%. At the time of writing, Bitcoin’s dominance stood at 61.26%.

This Morning

At the time of writing, Bitcoin was down by 0.67% to $10,724.9. A bearish start to the day saw Bitcoin fall from an early morning high $10,804.0 to a low $10,688.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a particularly bearish start to the day for the broader market.

At the time of writing, Binance Coin and Bitcoin Cash ABC were down by 3.16% and by 3.06% to lead the way down.

Bitcoin Cash SV bucked the trend early on, rising by 1.65%.

BTC/USD 16/09/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $10,795 pivot level to support a run at the first major resistance level at $10,946.

An early move back through to $10,800 levels would be needed, however, for Bitcoin to return to $10,900 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $10,944.0 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $11,094 before any pullback.

Failure to move through the $10,795 pivot would bring the first major support level at $10,647 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,500 levels. The second major support level sits at $10,496.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 13/09/20

Coins of crypto currency are presented on a dark background. Virtual money concept.

Binance Coin

Binance Coin surged by 46.36% in the week ending 12th September. Reversing a 15.11% tumble from the previous week, Binance Coin ended the week at $28.51.

It was a choppy but bullish start to the week. Binance Coin slid to a Sunday intraweek low $18.46 before making a move.

While falling through the 38.2% FIB of $19.4, Binance Coin steered clear of the first major support level at $16.20.

Off the back of an 18.93% rebound on Sunday, Binance Coin rallied to a Saturday intraweek high $28.59.

Binance Coin broke through the first major resistance level at $24.52 to visit $28 levels for the first time since August-19. The week’s rally also saw Binance Coin break through the 62% FIB of $27.3 to form a near-term bullish trend.

6 days in the green that included an 18.93% jump last Sunday and a 12.07% rally on Saturday delivered the upside in the week.

For the week ahead

Binance Coin would need to avoid a fall through the $25.19 pivot to bring the first major resistance level at $31.91 into play.

Support from the broader market would be needed for Binance Coin to break out from $30 levels.

Barring another extended crypto rally, the first major resistance level would likely limit any upside in the week.

In the event of another crypto rally, the second major resistance level at $35.32 could come into play.

Failure to avoid a fall through the $25.19 pivot would bring 23.6% FIB of $23.4 and the first major support level at $21.78 into play.

Barring a crypto sell-off, Binance Coin should steer clear of sub-$25 levels in the week, however.

At the time of writing, Binance Coin was up by 2.98% to $29.36. A bullish start to the week saw Binance Coin rise from an early Sunday morning low $28.12 to a high and new swing hi $29.53.

Binance Coin left the major support and resistance levels untested at the start of the week.

BNB/USD 13/09/20 Daily Chart

Litecoin

Litecoin rose by 6.31% in the week ending 12th September. Partially reversing a 16.06% slump from the previous week, Litecoin ended the week at $50.85.

It was a choppy start to the week. In spite of 2 consecutive days in the green, Litecoin fell to a Monday intraweek low $45.31 before making a move.

Steering clear of the first major support level at $40.52, Litecoin struck a Thursday high $49.49 before easing back.

Falling well short of the first major resistance level at $59.76, Litecoin fell back to sub-$48 levels before finding support.

At the end of the week, Litecoin rallied to a Saturday intraweek high $51.31 before easing back. In spite of the Saturday support, however, Litecoin continued to fall well short of the major resistance levels.

6 days in the green that included a 3.80% rally on Saturday delivered the upside. A 2.78% slide on Tuesday, limited the gains for the week, however.

For the week ahead

Litecoin would need to avoid a fall through the $49.16 pivot to support a run at the first major resistance level at $53.00.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $51.31.

Barring an extended crypto rally, the first major resistance level would likely limit any upside in the week.

In the event of a breakout, the 23.6% FIB of $54 would likely come into play. The second major resistance level at $55.16 should limit any upside, however.

Failure to avoid a fall through the $49.16 pivot would bring the first major support level at $47.00 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $43.16.

At the time of writing, Litecoin was down by 0.20% to $50.75. A bearish start to the week saw Litecoin fall from an early morning high $50.93 to an early Sunday low $50.55.

Litecoin left the major support and resistance levels untested at the start of the week.

LTC/USD 13/09/20 Daily Chart

Tron’s TRX

Tron’s TRX rallied by 9.72% in the week ending 12th September. Following on from a 20.08% breakout from the previous week, Tron’s TRX ended the week at $0.03279.

It was a mixed start to the week. Tron’s TRX fell to a Sunday intraweek low $0.02770 before making a move.

Steering clear of the first major support level at $0.01926, Tron’s TRX rallied to a Wednesday intraweek high $0.03676.

While falling short of the first major resistance level at $0.4694, Tron’s TRX broke through the 23.6% FIB of 0.0291.

A bearish end to the week, however, saw Tron’s TRX slide back to $0.031 levels before wrapping up the week at $0.032 levels.

4 days in the green that included an 8.16% surge on Tuesday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid a fall back through the $0.03242 pivot to support a run at the first major resistance level at $0.03713.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.03676.

Barring a broad-based crypto rebound, the first major resistance level would likely cap any upside.

In the event of an extended rally, the second major resistance level at $0.04148 and 38.2% FIB of $0.0428 should cap any upside.

Failure to avoid a fall back through the $0.03242 pivot would bring the 23.6% FIB of $0.0291 and the first major support level at $0.02807 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of sub-$0.020 support levels in the week.

The second major support level at $0.02336 should limit any downside.

At the time of writing, Tron’s TRX was down by 1.00% to $0.03246. It was a bearish start to the week. Tron’s TRX fell from an early morning high $0.03282 to an early Sunday low $0.03219.

Tron’s TRX left the major support and resistance levels untested at the start of the week.

Tron's TRX 13/09/20 Daily Chart

The Crypto Daily – Movers and Shakers – September 10th, 2020

bitcoin with us dollars and calculator

Bitcoin, BTC to USD, rose by 0.89% on Wednesday. Partially reversing a 2.42% slide from Tuesday, Bitcoin ended the day at $10,240.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $10,010.0 before making a move.

Steering clear of the first major support level at $9,866, Bitcoin rallied to a late intraday high $10,359.

Falling short of the first major resistance level at $10,447, Bitcoin fell back to sub-$10,200 levels before wrapping up the day at $10,240.0.

The near-term bullish trend remained intact, in spite of the latest pullback to sub-$10,000. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was another mixed day for the majors on Wednesday.

Bitcoin Cash SV (-4.96%), EOS (-0.50%), and Tron’s TRX (-3.31%) saw red to buck the trend on the day.

It was a bullish day for the rest of the majors.

Binance Coin (+5.41%) and Ethereum (+4.04%) led the way.

Bitcoin Cash ABC (+1.33%), Cardano’s ADA (+2.66%), Litecoin (+0.82%), Monero’s XMR (+0.10%), Ripple’s XRP (+1.11%), Stellar’s Lumen (+1.12%), and Tezos (+1.26%) trailed the front runners.

In the current week, the crypto total market rose to a Monday high $320.12bn before falling to a Tuesday low $297.87bn. At the time of writing, the total market cap stood at $316.08bn.

Bitcoin’s dominance rose to a Monday high 61.28% before falling to a Wednesday low 59.99%. At the time of writing, Bitcoin’s dominance stood at 60.18%.

This Morning

At the time of writing, Bitcoin was up by 0.62% to $10,303.0. A mixed start to the day saw Bitcoin fall to an early morning low $10,233.1 before rising to a high $10,337.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a bullish start to the day.

At the time of writing, Tezos was up by 2.81% to lead the way.

BTC/USD 10/09/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $10,203 pivot level to support a run at the first major resistance level at $10,396.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $10,359.0

Barring an extended crypto rally, the first major resistance level and resistance at $10,400 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test resistance at $10,500 before any pullback. The second major resistance level sits at $10,552.

Failure to avoid a fall through the $10,203 pivot would bring the first major support level at $10,047 into play.

Barring another extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,000 and the second major support level at $9,854.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 09/09/20

Coins of crypto currency are presented on a dark background. Virtual money concept.

Binance Coin Price Resistance

It’s been a choppy but bullish 1st half of the week for Binance Coin.

Binance Coin slid to an early Sunday morning current week low $18.46 before finding support.

While steering well clear of the week’s first major support level at $16.20, Binance Coin fell through the 38.2% FIB of $19.4.

Recovering from the early low, Binance Coin rallied to a Tuesday a current high $24.13.

Falling short of the first major resistance level at $24.32, Binance Coin fell back to sub-$22 levels before finding support.

For the current week, Sunday through Tuesday, Binance Coin was up by 19.48% to $23.26. Two days in the green that included an 18.93% surge on Sunday delivered the upside in the early part of the week.

The near-term bearish trend remained intact, however, supported by the late 2019 reversal and mid-March’s swing lo $6.42.

It has been a particularly bullish start to the year in spite of a reversal. Having been up by as much as 101% year-to-date, Binance Coin was up by 70.4% year-to-date.

For the bulls, Binance Coin would need to break through the 62% FIB of $27.3 to form a near-term bullish trend.

At the time of writing, Binance Coin was down by 1.64% to $22.88. A mixed start to the day on Wednesday saw Binance Coin rise to an early morning high $24.12 before falling to a low $22.78.

Binance Coin continued to leave the major support and resistance levels untested early in the day.

BNB/USD 09/09/20 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the $21.24 pivot level to support another run at the first major resistance level at $24.52.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $24.13.

Barring an extended crypto rebound, the first major resistance level would likely limit any upside.

In the event of an extended breakout, Binance Coin could test the 62% FIB of $27.3 before any pullback.

Failure to avoid a fall back through the $21.24 pivot level would bring sub-$20 levels back into play.

Barring an extended crypto sell-off, however, the 38.2% FIB of $19.4 should limit any downside in the week.

We would expect Binance Coin to steer well clear of the first major support level at $16.20, however.

Looking at the Technical Indicators

Major Support Level: $16.20

Major Resistance Level: $24.52

23.6% FIB Retracement Level: $14.4

38.2% FIB Retracement Level: $19.4

62% FIB Retracement Level: $27.3

The Crypto Daily – Movers and Shakers – September 8th, 2020

Depositphotos_193678068_s-2019

Bitcoin, BTC to USD, rose by 1.18% on Monday. Following on from a 0.71% gain on Sunday, Bitcoin ended the day at $10,397.0.

It was a mixed start to the day. Bitcoin rose to an early morning high $10,330.0 before hitting reverse.

Falling short of the first major resistance level at $10,417, Bitcoin slid to an early afternoon intraday low $9,913.8.

Bitcoin fell through the first major support level at $10,083 before finding support. While breaking back through to $10,000 levels, it was a late breakout that delivered the upside on the day.

Bitcoin struck a late intraday high $10,428.0 before easing back. The first major resistance level at $10,417 pinned Bitcoin back late on.

The near-term bullish trend remained intact, in spite of the latest pullback to sub-$10,000. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day for the majors on Monday.

Binance Coin (-3.02%), Bitcoin Cash ABC (-0.74%), and EOS (-2.05%) bucked the trend on the day.

It was a bullish day for the rest of the majors, however.

Bitcoin Cash SV led the way, rallying by 6.07%.

Litecoin (+1.90%), Monero’s XMR (+2.40%), Stellar’s Limen (+1.67%), and Tron’s TRX (+3.14%) also found strong support.

Cardano’s ADA (+1.04%), Ethereum (+0.24%), Ripple’s XRP (+1.02%), and Tezos (+0.42%) trailed the front runners on the day.

In the current week, the crypto total market fell to a Monday low $298.39bn before rising to a Monday high $317.27bn. At the time of writing, the total market cap stood at $314.05bn.

Bitcoin’s dominance fell to a Monday low 60.36% before rising to a Monday high 61.19%. At the time of writing, Bitcoin’s dominance stood at 60.79%.

 

This Morning

At the time of writing, Bitcoin was down by 0.45% to $10,350.0. A mixed start to the day saw Bitcoin rise to an early morning high $10,464.0 before falling to a low $10,347.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day. Bitcoin Cash SV was up by 0.67% to buck the trend.

It was a bearish start for the rest of the majors, however.

At the time of writing, Tron’s TRX was down by 2.06% to lead the way down.

BTC/USD 08/09/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $10,246 pivot level to support a run at the first major resistance level at $10,579.

Support from the broader market would be needed, however, for Bitcoin to break back through to $10,500 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test resistance at $10,700 before any pullback. The second major resistance level sits at $10,761.

Failure to avoid a fall through the $10,246 pivot would bring the first major support level at $10,065 into play.

Barring another extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $9,732.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 06/09/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin tumbled by 15.11% in the week ending 5th September. Reversing a 3.28% gain from the previous week, Binance Coin ended the week at $19.49.

It was a bullish start to the week. Binance Coin rallied to a Tuesday intraweek high $26.27 before hitting reverse.

Binance Coin broke through the first major resistance level at $24.35 and the second major resistance level at $25.75.

The reversal saw Binance Coin slide to a Saturday intraweek low $17.95.

Binance Coin fell back through the resistance levels and the first major support level at $21.13 and the second major support level at $19.31.

More significantly, Binance Coin also fell through the 38.2% FIB of $19.40.

Finding late support on Saturday, Binance Coin moved back through the 38.2% FIB to $19.4 levels to reduce the deficit for the week.

3 days in the red that included a 17.46% slump on Thursday delivered the downside. A 6.71% rally on Tuesday limited the loss, however.

For the week ahead

Binance Coin would need to move through the $21.24 pivot to bring the first major resistance level at $24.52 into play.

Support from the broader market would be needed for Binance Coin to break out from $21 levels.

Barring a broad-based crypto rebound, resistance at $21 would likely leave Binance Coin short of the first major resistance level.

In the event of a crypto rebound, the first major resistance level at $24.52 would likely limit any upside.

Failure to move through the $21.24 pivot would bring the first major support level at $16.20 into play.

Barring another crypto sell-off, Binance Coin should steer clear of sub-$17 levels, however.

At the time of writing, Binance Coin was down by 1.05% to $19.29. A mixed start to the week saw Binance Coin fall to an early morning low $19.19 before rising to a high $19.53.

Binance Coin left the major support and resistance levels untested at the start of the week. The 38.2% FIB of $19.4 was in action early on, however.

BNB/USD 06/09/20 Daily Chart

Litecoin

Litecoin tumbled by 16.06% in the week ending 5th September. Following on from a 5.42% slide from the previous week, Litecoin ended the week at $47.83.

It was a bullish start to the week. Litecoin rallied to a Tuesday intraweek high $64.38 before hitting reverse.

Litecoin broke through the first major resistance level at $62.01 before sliding to a Thursday intraweek low $45.14.

The reversal saw Litecoin fall through the first major support level at $53 and the second major support level at $48.98. More significantly, Litecoin also fell through the 23.6% FIB of $54.

Finding support on Friday, Litecoin briefly revisited $52 levels before another sell-off on Saturday.

Litecoin fell back through the second major support level to the intraweek low $45.14 before steadying.

4 days in the red that included a 13.82% slide on Thursday left Litecoin in the deep red.

For the week ahead

Litecoin would need to move through the $52.45 pivot to support a run at the first major resistance level at $59.76.

Support from the broader market would be needed, however, for Litecoin to break back through to $50 levels.

Barring another extended crypto rally, the 23.6% FIB of $54 would likely leave Litecoin short of the first major resistance level.

Failure to move through the $52.45 pivot would bring the first major support level at $40.52 into play.

Barring another extended crypto sell-off, however, Litecoin should steer well clear of sub-$40 in the week.

At the time of writing, Litecoin was down by 0.44% to $47.62. A mixed start to the week saw Litecoin fall to an early morning low $47.35 before rising to a high $48.13.

Litecoin left the major support and resistance levels untested at the start of the week.

LTC/USD 06/09/20 Daily Chart

Tron’s TRX

Tron’s TRX rallied by 20.08% in the week ending 5th September. Reversing a 1.31% loss from the previous week, Tron’s TRX ended the week at $0.02989.

It was a bullish start to the week. Tron’s TRX rallied from a Sunday intraweek low $0.02569 to a Thursday intraweek high $0.05337.

Steering clear of the major support levels, Tron’s TRX broke through the week’s major resistance levels before hitting reverse.

More significantly, Tron’s TRX broke through the 23.6% FIB of 0.0291 and the 38.2% FIB of $0.0428.

A bearish end to the week, however, saw Tron’s TRX slide back to a Saturday low $0.02719 before steadying.

Tron’s TRX fell back through the third major resistance level at $0.03197 and the second major resistance level at $0.02808.

The reversal also saw Tron’s TRX fall back through the 38.2% FIB and the 23.6% FIB before a late move back through the 23.6% FIB.

4 days in the green that included an 18.6% surge on Tuesday and a 15.9% rally Thursday delivered the upside. An 11.19% slide on Friday and a 15.96% tumble on Saturday limited the upside for the week, however.

For the week ahead

Tron’s TRX would need to move through the $0.03632 pivot to support a run at the first major resistance level at $0.04694.

Support from the broader market would be needed, however, for Tron’s TRX to break out from $0.040 levels.

Barring a broad-based crypto rebound, the first major resistance level would likely cap any upside.

Failure to move through the $0.03632 pivot would bring the 23.6% FIB of $0.0291 and the first major support level at $0.01926 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of sub-$0.020 support levels in the week.

At the time of writing, Tron’s TRX was up by 1.69% to $0.030397. A mixed start to the week saw Tron’s TRX fall to an early morning low $0.029463 before rising to a high $0.031025.

Tron’s TRX left the major support and resistance levels untested at the start of the week.

TRX/USD 06/09/20 Daily Chart

The Crypto Daily – Movers and Shakers – September 3rd, 2020

bitcoin with us dollars and calculator

Bitcoin, BTC to USD, slid by 4.48% on Wednesday. Reversing a 2.32% gain from Tuesday, Bitcoin ended the day at $11,408.0.

Bearish through the morning, Bitcoin slid from an early morning intraday high $11,975.0 to a late morning intraday low $11,183.0.

Bitcoin fell through the first major support level at $11,640 and the second major support level at $11,339.

Finding late morning support, Bitcoin briefly moved through to $11,490 levels before sliding back.

Bitcoin fell back through the second major support level at $11,339 before a partial recovery to $11,400 levels.

The near-term bullish trend remained intact, supported by the latest move through to $12,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day for the majors on Wednesday.

Binance Coin rose by 0.12% to buck the trend on the day.

It was a bearish day for the rest of the majors, however.

Bitcoin Cash ABC (-10.22%), Bitcoin Cash SV (-9.87%), EOS (-10.55%), and Tezos (-8.73%) led the way down.

Cardano’s ADA (-7.58%), Ethereum (-7.48%), Litecoin (-7.35%), Monero’s XMR (-5.87%), Ripple’s XRP (-6.53%), and Stellar’s Lumen (-6.50%) also saw heavy losses.

Tron’s TRX (-0.43%) saw a relatively modest loss on the day.

In the current week, the crypto total market rose to a Tuesday high $379.05bn before sliding to a Wednesday low $341.16bn. At the time of writing, the total market cap stood at $354.65bn.

Bitcoin’s dominance rose to a Monday high 60.44% before falling to a Wednesday low 58.79%. At the time of writing, Bitcoin’s dominance stood at 59.58%.

This Morning

At the time of writing, Bitcoin was up by 0.31% to $11,442.9. A mixed start to the day saw Bitcoin fall to an early morning low $11,376.0 before rising to a high $11,452.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

At the time of writing, Tezos was down by 0.88% to buck the trend. It was a bullish start for the rest of the pack, with Tron’s TRX jumping by 4.25% early on.

BTC/USD 03/09/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $11,522 pivot level to support a run at the first major resistance level at $11,861.

Support from the broader market would be needed, however, for Bitcoin to break back through to $11,500 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test resistance at $12,000 before any pullback. The second major resistance level sits at $12,314.

Failure to move through the $11,522 pivot would bring the first major support level at $11,069 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$11,000 levels on the day. The second major support level sits at $10,730.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 02/09/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Resistance

It’s been a choppy 1st half of the week for Binance Coin.

Binance Coin rose to a Monday high $24.08 before hitting reverse. Falling short of the first major resistance level at $24.35, Binance Coin slid to a Tuesday current week low $22.29.

Steering clear of the first major support level at $21.13, Binance Coin rallied to Tuesday high $25.64.

Binance Coin broke through the first major resistance level at $24.35, driven by a 6.71% rally on the day.

In spite of a late pullback on Tuesday, Binance Coin avoided a fall back through the first major resistance level.

For the current week, Sunday through Tuesday, Binance Coin was up by 7.67% to $24.72. Two days in the green delivered the upside in the early part of the week.

The near-term bearish trend remained intact, supported by the late 2019 reversal and mid-March’s swing lo $6.42.

It has been a particularly bullish start to the year in spite of a reversal, however. Having been up by as much as 101% year-to-date, Binance Coin was up by 81.1% year-to-date.

For the bulls, Binance Coin would need to break through the 62% FIB of $27.3 to form a near-term bullish trend.

At the time of writing, Binance Coin was up by 2.60% to $25.36. A bullish start to the day on Wednesday saw Binance Coin rise from an early morning low $24.57 to a current week high $25.74.

Binance Coin tested the second major resistance level at $25.75 early in the day.

BNB/USD 02/0/20 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the first major resistance level to support another run at the second major resistance level at $25.75.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $25.74.

Barring an extended crypto rebound, the second major resistance level would likely limit any upside.

In the event of an extended breakout, Binance Coin could test the 62% FIB of $27.3 before any pullback.

Failure to avoid a fall back through the first major resistance level would bring sub-$24 levels into play.

Barring an extended crypto sell-off, however, Binance Coin should avoid the pivot level at $22.53.

In the event of an extended sell-off, the first major support level at $21.13 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $21.13

Major Resistance Level: $24.35

23.6% FIB Retracement Level: $14.4

38.2% FIB Retracement Level: $19.4

62% FIB Retracement Level: $27.3