The Crypto Daily – Movers and Shakers – April 13th, 2021

Kiev, Ukraine, March, 13, 2018: Coins of different crypto-currencies with dollars

Bitcoin, BTC to USD, slipped by 0.26% on Monday. Following a 0.36% gain on Sunday, Bitcoin ended the day at $59,874.0.

A bullish start to the day saw Bitcoin rise to a mid-morning intraday high $61,338.0 before hitting reverse.

Bitcoin broke through first major resistance level at $60,733 before sliding to a late morning intraday low $59,492.0.

Steering clear of the first major support level at $59,319, Bitcoin revisited $60,500 levels before easing back to sub-$60,000.

The near-term bullish trend remained intact supported by the latest move back through to $61,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

Bitcoin Cash SV fell by 3.79% to lead the way down, with Chainlink (-2.09%), Crypto.com Coin (-3.08%), and Litecoin (-3.15%) also struggling.

Ethereum (-0.58%) and Polkadot (-1.88%) saw relatively modest losses on the day.

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

Binance Coin rallied by 13.46% to lead the way once more, with Ripple’s XRP (+8.71%) finding strong support.

Cardano’s ADA (+4.02%) also avoided the red.

Early in the week, the crypto total market rose to a Monday high $2,056bn before falling to a Monday low $1,959bn. At the time of writing, the total market cap stood at $2,036bn.

Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Monday low 54.65%. At the time of writing, Bitcoin’s dominance stood at 55.40%.

This Morning

At the time of writing, Bitcoin was up by 0.77% to $60,337.0. A mixed start to the day saw Bitcoin fall to an early morning low $59,859.0 before rising to a high $60,397.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-1.21%), Bitcoin Cash SV (-1.32%), Chainlink (-0.03%), Polkadot (-0.54%), and Ripple’s XRP (-1.36%) saw red early on.

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

At the time of writing, Litecoin was up by 2.37% to lead the way.

BTCUSD 130421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $60,235 to bring the first major resistance level at $60,977 into play.

Support from the broader market would be needed for Bitcoin to break out from $60,500 levels.

Barring an extended crypto rally, the first major resistance level and the March swing hi $61,699 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $63,000 before any pullback. The second major resistance level sits at $62,081.

Failure to avoid a fall back through the $60,235 pivot would bring the first major support level at $59,131 into play.

Barring another extended sell-off on the day, Bitcoin should steer well clear of the second major support level at $58,339.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 11/04/21

Silver and golden coins with bitcoin, ripple and ethereum symbol

Binance Coin

Binance Coin surged by 46.37% in the week ending 10th April. Following on from a 19.62% rally from the previous week, Binance Coin ended the week at $471.37.

A mixed start to the week saw Binance Coin fall to a Sunday intraweek low $315.91 before making a move.

Steering clear of the 23.6% FIB of $283 and the first major support level at $265, Binance Coin rallied to a Saturday intraweek high and a new swing hi $508.83.

Binance Coin broke through the first major resistance level at $372 and the second resistance level at $422.

Falling short of the third major resistance level at $530, Binance Coin eased back to end the week at sub-$480.

6 days in the green that included an 11.65% rally on Thursday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid a fall through the $432 pivot to bring the first major resistance level at $548 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from last week’s swing hi $508.83.

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

In the event of a breakout, Binance Coin could test resistance at $600 before any pullback. The second major resistance level sits at $625.

Failure to avoid a fall through the $432 pivot would bring the 23.6% FIB of $390 and the first major support level at $355.

Barring an extended sell-off, Binance Coin should steer well clear of sub-$300 levels and the second major support level at $239. The 38.25 FIB of $317 should limit the downside.

At the time of writing, Binance Coin was down by 0.98% to $466.74. A mixed start to the week saw Binance Coin rise to an early Sunday morning high $478.70 before falling to a low $451.86.

Binance Coin left the major support and resistance levels untested early on.

BNBUSD 110421 Daily Chart

Litecoin

Litecoin jumped by 31.08 in the week ending 10th April. Following on from a 6.10% gain from the previous week, Litecoin ended the week at $255.94.

A mixed start to the week saw Litecoin fall to a Sunday intraweek low $191.90 before making a move.

While steering clear of the first major support level at $179, Litecoin fell through the 23.6% FIB of $195.

Finding support on Sunday, Litecoin rallied to a Tuesday high $244.54.

Litecoin broke through the first major resistance level at $213 and the second major resistance level at $232.

Coming within range of February’s swing hi $247, Litecoin fell back to $211 levels before finding late support.

A 15.75% rally on Saturday drove Litecoin to an intraweek high and a new swing hi $256.63 before easing back.

Litecoin broke back through the first major resistance level at $213 and the second major resistance level at $232 to end the week at $255 levels.

5 days in the green that included a 9.48% rally on Monday and a 15.75% surge on Saturday delivered the upside for the week. A 7.49% slide on Wednesday pared some of the gains from early in the week, however.

For the week ahead

Litecoin would need to avoid a fall through the $235 pivot to bring the first major resistance level at $278 into play.

Support from the broader market would be needed, however, for Litecoin to break out from this morning’s new swing hi $258.00.

Barring an extended crypto rally, the first major resistance level and resistance at $285 would likely limit any upside.

In the event of an extended breakout, Litecoin could test the second major resistance level at $300.

Failure to avoid a fall through the $235 pivot would bring and the first major support level at $213 and the 23.6% FIB of $202 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$200 levels. The second major support level sits at $170.

At the time of writing, Litecoin was down by 0.83% to $253.81. A mixed start to the week saw Litecoin rise to an early Sunday morning new swing hi $258.00 before falling to a low $249.63.

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

LTCUSD 110421 Daily Chart

Tron’s TRX

Tron’s TRX rallied by 25.45% in the week ending 10th April. Following on from a 59.67% surge from the previous week, Tron’s TRX ended the week at $0.1267.

A bullish start to the week saw Tron’s TRX jump to a Monday intraweek high and a new swing hi $0.1495.

Tron’s TRX broke through the first major resistance level at $0.1224 and the second major resistance level at $0.1431.

Bearish mid-week, however, Tron’s TRX slid back through the resistance levels to $0.1020 levels.

While steering clear of the first major support level at $0.07089, Tron’s TRX fell through the 23.6% FIB of $0.1159.

Finding support going into the weekend, Tron’s TRX revisited $0.13 levels before easing back.

While falling short of the major resistance levels, Tron’s TRX broke back through the 23.6% FIB of $0.1159 to end the week at $0.126 levels.

4 days in the green that included a 25.51% breakout on Sunday and an 11.21% rally on Thursday delivered the upside for the week. Heavy losses on Tuesday (-9.09%) and Wednesday (-10.80%) limited the upside for the week, however.

For the week ahead

Tron’s TRX would need to move back through the $0.1263 pivot to support a run at the first major resistance level at $0.1500.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.14 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s new swing hi $0.1495 would likely cap any upside.

In the event of another extended rally, Tron’s TRX could test resistance at $0.17. The second major resistance level sits at $0.1733.

Failure to move back through the $0.1263 pivot would bring the 23.6% FIB of $0.1159 and the first major support level at $0.1030 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of the 38.2% FIB of $0.0951. The second major support level sits at $0.0793.

At the time of writing, Tron’s TRX was down by 3.22% to $0.1226. A mixed start to the week saw Tron’s TRX rise to an early Sunday morning high $0.1286 before falling to a low $0.1192.

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

TRXUSD 110421 Daily Chart

The Crypto Daily – Movers and Shakers – April 8th, 2021

crypto currency mining concept

Bitcoin, BTC to USD, fell by 3.50% on Wednesday. Following on from a 1.95% decline on Tuesday, Bitcoin ended the day at $55,962.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $58,639.0 before hitting reverse.

Falling short of the first major resistance level at $59,193, Bitcoin fell to a late intraday low $55,555.0.

The extended sell-off saw Bitcoin fall through the first major support level at $57,095 and the second major support level at $56,199.

Steering clear of sub-$55,000 levels, Bitcoin briefly revisited $56,500 levels before falling back through the second major support level.

The near-term bullish trend remained intact in spite of the latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

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

Ripple’s XRP tumbled by 16.64% to lead the way down, with Chainlink (-10.42%) and Crypto.com Coin (-9.66%) also seeing heavy losses.

Binance Coin  (-7.05%), Bitcoin Cash SV (-4.52%), Cardano’s ADA (-6.36%), Ethereum (-7.06%), Litecoin (-7.68%), and Polkadot (-5.44%) weren’t far behind, however.

In the current week, the crypto total market rose to a Tuesday high $1,992bn before falling to a Wednesday low $1,783tn. At the time of writing, the total market cap stood at $1,842bn.

Bitcoin’s dominance rose to a Monday high 58.33% before falling to a Wednesday low 55.75%. At the time of writing, Bitcoin’s dominance stood at 57.04%.

This Morning

At the time of writing, Bitcoin was up by 0.61% to $56,302.6. A mixed start to the day saw Bitcoin fall to an early morning low $55,714.0 before rising to a high $56,302.6.

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, Ripple’s XRP was up by 2.48% to lead the way.

BTCUSD 080421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $56,719 to bring the first major resistance level at $57,882 into play.

Support from the broader market would be needed for Bitcoin to break back through to $57,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $58,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $59,803.

Failure to move through the $56,719 pivot would bring the first major support level at $54,798 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $53,645.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 07/04/21

Binance

Binance Coin Price Resistance

It’s been another bullish 1st half of the week for Binance Coin.

A mixed start to the week, however, saw Binance Coin slip to a Sunday current week low $315.91 before making a move.

Steering clear of the 23.6% FIB of $283 and the first major support level at $265, Binance Coin rallied to a Tuesday current week high and a new swing hi $422.08.

Binance Coin broke through the first major resistance level at $372 to test the second major resistance level at $422 before easing back.

In spite of easing back, Binance Coin avoided a fall back through the first major resistance level at $372.

For the current week, Sunday through Tuesday, Binance Coin was up by 25.29% to $403.49.

3 days in the green that included an 8.41% rally on Sunday and a 9.63% rally on Tuesday delivered the early upside.

The near-term bullish trend remained intact supported by the current week gain. For the bears, a sustained fall through the 62% FIB of $165 would form a near-term bearish trend.

It has been a particularly bullish start to the year, with Binance Coin up by 977.12%.

At the time of writing, Binance Coin was down by 1.92% to $395.73. A mixed start to the day on Wednesday saw Binance Coin rise to an early morning high $406.90 before falling to a low $390.98.

Binance Coin avoided a fall back through the first major resistance level at $372.

BNBUSD 070421 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the first major resistance level at $372 to support another run at the second major resistance level at $422.

Barring an extended rally going into the weekend, the second major resistance level at $422 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $460 before any pullback. The third major resistance level sits at $530.

Failure to avoid a fall back through the first major resistance level at $372 would bring the 23.6% FIB of $324 into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer of the pivot level at $315. The first major support level sits at $265.

Looking at the Technical Indicators

Major Support Level: $265

Major Resistance Level: $372

23.6% FIB Retracement Level: $324

38.2% FIB Retracement Level: $263

62% FIB Retracement Level: $165

The Crypto Daily – The Movers and Shakers – April 6th, 2021

Different cryptocurrencies in a circle with a golden bitcoin in

Bitcoin, BTC to USD, rose by 1.55% on Monday. Following on from a 2.12% gain from Sunday, Bitcoin ended the day at $59,145.0.

A mixed start to the day saw Bitcoin rise to an early morning high $58,430.0 before hitting reverse.

Falling short of the first major resistance level at $58,980, Bitcoin fell to a late morning intraday low $56,850.0.

Bitcoin fell through the first major support level at $57,000 before bouncing back to a late afternoon intraday high $59,250.0.

Bitcoin broke through the first major resistance level at $58,980 to end the day at $59,000 levels.

The near-term bullish trend remained intact supported by the recovery from sub-$57,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Tuesday.

Ripple’s XRP surged by 44.06% to lead the pack, with Litecoin (+9.48%) and Bitcoin Cash SV (+8.82%) also making solid gains.

Binance Coin  (+5.42%), Cardano’s ADA (+2.47%), Chainlink (+5.23%), Crypto.com Coin (+5.02%), Ethereum (+1.48%), and Polkadot (+1.78%) trailed the front runners, however.

In the current week, the crypto total market fell to a Monday low $1,815bn before rising to a high $1.957bn. At the time of writing, the total market cap stood at $1,872bn.

Bitcoin’s dominance rose to a Monday high 58.43% before falling to a Monday low 56.56%. At the time of writing, Bitcoin’s dominance stood at 58.01%.

This Morning

At the time of writing, Bitcoin was up by 0.27% to $59,307.0. A mixed start to the day saw Bitcoin rise to an early morning high $59,444.0 before falling to a low $59,109.0.

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

Elsewhere, it was a mixed start to the day for the majors.

Ripple’s XRP led the way down, falling by 2.01%.

Cardano’s ADA (-0.55%), Chainlink (-0.05%), Crypto.com Coin (-1.35%), and Polkadot (-1.08%) also saw red.

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

At the time of writing, Litecoin was up by 1.91% to lead the way.

BTCUSD 060421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $58,415 to bring the first major resistance level at $59,980 into play.

Support from the broader market would be needed for Bitcoin to break out from $59,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $60,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the March swing hi $61,699 before any pullback. The second major resistance level sits at $60,815.

Failure to avoid a fall through the $58,415 pivot would bring the first major support level at $57,580 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $56,015.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 04/04/21

Pattern of coins LTC, ETH, BTC, XMR, XRP on a dark background. Business concept.

Binance Coin

Binance Coin rallied by 19.62% in the week ending 3rd April. Following on from a 1.97% gain from the previous week, Binance Coin ended the week at $322.06.

A mixed start to the week saw Binance Coin fall to a Monday intraweek low $256.90 before making a move.

Steering clear of the first major support level at $234 and the 38.2% FIB of $230, Binance Coin rallied to a Friday intraweek high $364.41.

Binance Coin broke through the first major resistance level at $294 and the second resistance level at $319.

More significantly, Binance Coin broke through the 23.6% FIB of $283 to come within range of 19th February’s swing hi $368.29 before a pullback on Saturday.

The pullback saw Binance Coin briefly fall back through the second major resistance level before wrapping up the day at $322 levels.

4 days in the green that included a 13.22% rally on Tuesday and a 10.58% gain on Thursday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid a fall through the $315 pivot to bring the first major resistance level at $372 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from February’s swing hi $368.29.

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

In the event of a breakout, Binance Coin could test resistance at $450 before any pullback. The second major resistance level sits at $422.

Failure to avoid a fall through the $315 pivot would bring the 23.6% FIB of $283 and the first major support level at $265.

Barring an extended sell-off, Binance Coin should steer well clear of sub-$280 levels. The second major support level sits at $207.

At the time of writing, Binance Coin was up by 1.14% to $325.73. A mixed start to the week saw Binance Coin fall to an early Sunday low $316.21 before rising to a high $326.80.

Binance Coin left the major support and resistance levels untested early on.

BNBUSD 040421 Daily Chart

Litecoin

Litecoin rose by 6.10% in the week ending 3rd April. Reversing an 8% slide from the previous week, Litecoin ended the week at $195.34.

A mixed start to the week saw Litecoin fall to a Sunday intraweek low $180 before making a move.

Steering clear of the first major support level at $167, Litecoin rallied to a Saturday intraweek high $214.71.

Litecoin broke through the 23.6% FIB of $195 and the first major resistance level at $202.

Falling short of the second major resistance level at $219, however, Litecoin eased back to end the week at $200 levels.

Falling back through the first major resistance level, the 23.6% FIB of $195 delivered support on Saturday.

6 days in the green that included a 5.10% rally on Monday and a 4.36% gain on Friday delivered the upside for the week. A 7.64% slide on Saturday pared some of the gains, however.

For the week ahead

Litecoin would need to move back through the $197 pivot to bring the first major resistance level at $213 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $210 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $220 would likely limit any upside.

In the event of an extended breakout, Litecoin could test resistance at $240 before any pullback. The second major resistance level sits at $231.

Failure to move back through the $197 pivot would bring and the 23.6% FIB of $195 and the first major support level at $179 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$175 levels. The second major support level sits at $162.

At the time of writing, Litecoin was up by 0.70% to $196.71. A choppy start to the week saw Litecoin slide to an early Sunday low $191.90 before rising to a high $197.62.

While leaving the major support and resistance levels untested, Litecoin briefly fell through the 23.6% FIB of $195.

LTCUSD 040421 Daily Chart

Tron’s TRX

Tron’s TRX surged by 59.67% in the week ending 3rd April. Following on from a 3.48% gain from the previous week, Tron’s TRX ended the week at $0.1016.

A mixed start to the week saw Tron’s TRX fall to a Monday intraweek low $0.06093 before making a move.

Steering clear of the first major support level at $0.05307, Tron’s TRX surged to a Saturday intraweek high and new swing hi $0.1124.

Tron’s TRX broke through the week’s major resistance levels to form a near-term bullish trend.

6 days in the green that included a 41.12% breakout on Wednesday and a 9.65% rally on Saturday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid a fall through the $0.09164 pivot to support a run at the first major resistance level at $0.1224.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.1124.

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

In the event of another extended rally, Tron’s TRX could test resistance at $0.15. The second major resistance level sits at $0.1431.

Failure to avoid a fall through the $0.09164 pivot would bring the 23.6% FIB of $0.08750 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of the 38.2% FIB of $0.07220 and the first major support level at $0.07089. The second major support level sits at $0.04017.

At the time of writing, Tron’s TRX was up by 4.29% to $0.1059. A mixed start to the week saw Tron’s TRX fall to an early Sunday low $0.09947 before rising to a high $0.1065.

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

TRXUSD 040421 Daily Chart

The Crypto Daily – Movers and Shakers – April 1st, 2021

Bitcoin coin on white keyboard

Bitcoin, BTC to USD, slipped by 0.07% on Wednesday. Following a 2.02% gain on Tuesday, Bitcoin ended the month up by 29.84% to $58,796.0.

A mixed start to the day saw Bitcoin rise to a mid-morning intraday high $59,899.0 before hitting reverse.

Bitcoin broke through the first major resistance level at $59,864 before sliding to a late morning intraday low $56,826.0.

The reversal saw Bitcoin fall through the first major support level at $57,476.

Steering clear of the second major support level at $56,111, Bitcoin revisited $59,600 levels before falling back into the red.

The near-term bullish trend remained intact supported by the March gain. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

Binance Coin  (-2.79%), Cardano’s ADA (-1.61%), and Crypto.com Coin (-2.51%) joined Bitcoin in the red.

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

Polkadot rallied by 9.19% to lead the way, with Bitcoin Cash SV (+4.84%), Chainlink (+5.66%), and Ethereum (+4.29%) also making solid gains.

Litecoin (+0.58%) and Ripple’s XRP (+1.14%) saw modest gains on the day, however.

In the current week, the crypto total market fell to a Monday low $1,671bn before rising to a Wednesday high $1,872bn. At the time of writing, the total market cap stood at $1,812bn.

Bitcoin’s dominance rose to a Wednesday high 61.34% before falling to a Wednesday low 59.65%. At the time of writing, Bitcoin’s dominance stood at 60.73%.

This Morning

At the time of writing, Bitcoin was up by 0.37% to $59,014.0. A mixed start to the day saw Bitcoin fall to an early morning low $58,759.0 before rising to a high $59,047.0.

Elsewhere, it was another mixed start to the day.

Binance Coin (-0.08%), Cardano’s ADA (-0.22%), and Polkadot (-3.11%) bucked the trend early on.

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

At the time of writing, Bitcoin Cash SV was up by 3.62% to lead the way.

BTCUSD 010421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $58,507 to bring the first major resistance level at $60,188 into play.

Support from the broader market would be needed for Bitcoin to break out from Wednesday’s high $59,899.0.

Barring an extended crypto rally, the first major resistance level and resistance at $60,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at 14th March swing hi $61,699.0 before easing back. The second major resistance level sits at $61,580.

Failure to avoid a fall through the $58,507 pivot would bring the first major support level at $57,115 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$56,000 levels. The second major support level sits at $55,434.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 31/03/21

Binance

Binance Coin Price Resistance

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

A mixed start to the week, however, saw Binance Coin fall to a Monday current week low $256.90 before making a move.

Steering clear of the first major support level at $234 and the 38.2% FIB of $230, Binance Coin rallied to a Tuesday intraweek high $314.76.

Binance Coin broke through the 23.6% FIB of $283 and the firsts major resistance level at $294.

Falling short of the second major resistance level at $319, Binance Coin slipped back to sub-$300 before ending Tuesday at sub-$311 levels.

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

For the current week, Sunday through Tuesday, Binance Coin was up by 15.64% to $311.34.

2 days in the green that included an 13.22% rally on Tuesday delivered the early upside.

The near-term bullish trend remained intact supported by the current week gain. For the bears, a sustained fall through the 62% FIB of $145 would form a near-term bearish trend.

It has been a particularly bullish start to the year, with Binance Coin up by 731%.

At the time of writing, Binance Coin was down by 0.33% to $310.32. A mixed start to the day on Wednesday saw Binance Coin fall to an early morning low $307.63 before rising to a current week high $317.13.

Binance Coin left the major support and resistance levels untested early on.

BNBUSD 310321 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the first major resistance level at $294 to support a run at the second major resistance level at $319.

Support from the broader market would be needed, however, for a Binance Coin break out from the current week high $317.13.

Barring an extended rally going into the weekend, resistance at $320 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $340 before any pullback. The third major resistance level sits at $378.

Failure to avoid a fall back through the first major resistance level at $294 would bring the 23.6% FIB of $283 into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer of sub-$280 levels. The first major support level sits at $234.

Looking at the Technical Indicators

Major Support Level: $234

Major Resistance Level: $294

23.6% FIB Retracement Level: $283

38.2% FIB Retracement Level: $230

62% FIB Retracement Level: $145

The Crypto Daily – Movers and Shakers – March 30th, 2021

Kiev, Ukraine, March, 13, 2018: Coins of different crypto-currencies with dollars

Bitcoin, BTC to USD, rose by 3.39% on Monday. Reversing a 0.18% loss from Sunday, Bitcoin ended the day at $57,675.0.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $54,831.0 before making a move.

Bitcoin fell through the first major support level at $54,850 before rallying to a late morning intraday high $58,492.0.

The morning rally saw Bitcoin break through the first major resistance level at $56,659 and the second major resistance level at $57,539.

Through the 2nd half of the day, Bitcoin eased back through the second major resistance level to sub-$57,200 levels before ending the day at $57,500 levels.

The second major resistance level at $57,539 pinned Bitcoin back late in the day.

The near-term bullish trend remained intact in spite of the recent pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

News Wires

For Bitcoin and the broader market, news of Visa allowing the use of USD Coin to settle transactions drove demand for the major cryptos on the day.

Monday’s news was yet more positive for the crypto world that continues to make further linkages with the real world.

The Rest of the Pack

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

Ethereum rallied by 7.64% to lead the way.

Bitcoin Cash SV (+5.53%), Chainlink (+5.12%), Crypto.com Coin (+6.51%), and Litecoin (+5.11%) also found strong support.

Binance Coin  (+2.34%), Cardano’s ADA (+0.97%), Polkadot (+3.05%), and Ripple’s XRP (+3.41%) trailed the front runners on the day.

In early part of the week, the crypto total market fell to a Monday low $1,671bn before rising to a Monday high $1,813bn. At the time of writing, the total market cap stood at $1,768bn.

Bitcoin’s dominance fell to a Monday low 60.14% before rising to a Monday high 61.31%. At the time of writing, Bitcoin’s dominance stood at 60.73%.

This Morning

At the time of writing, Bitcoin was down by 0.21% to $57,556.6. A mixed start to the day saw Bitcoin rise to an early morning high $57,729.0 before falling to a low $57,479.7.

Elsewhere, it was a mixed start to the day.

Chainlink and Crypto.com Coin were up by 0.42% and by 0.23% respectively to buck the trend early on.

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

At the time of writing, Binance Coin and Ripple’s XRP were down by 0.71% and by 0.73% respectively to lead the way down.

BTCUSD 300321 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $56,999 to bring the first major resistance level at $59,168 into play.

Support from the broader market would be needed for Bitcoin to break out from Monday’s high $58,492.0.

Barring an extended crypto rally, the first major resistance level and resistance at $60,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at 14th March swing hi $61,699.0 before easing back. The second major resistance level sits at $60,660.

Failure to avoid a fall through the $56,999 pivot would bring the first major support level at $55,507 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 levels. The second major support level sits at $53,338.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 28/03/21

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin

Binance Coin rose by 1.97% in the week ending 27th March. Partially reversing a 4.23% fall from the previous week, Binance Coin ended the week at $269.33.

A bullish start to the week saw Binance Coin rose to a Monday intraweek high $283.50 before hitting reverse.

While falling short of the first major resistance level at $288, Binance Coin came up against the 23.6% FIB of $283.

The reversal saw Binance Coin slide to a Thursday intraweek low $223.80.

Falling back through the 23.6% FIB, Binance Coin also fell through the first major support level at $239 and the 38.2% FIB of $230.

Finding support late in the week, however, Binance Coin bounced back to $277 levels before easing back.

While falling short of the 23.6% FIB, Binance Coin broke back through the 38.2% FIB and the first major support level.

4 days in the green that included a 9.07% rally on Friday and a 5.49% gain on Saturday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid a fall through the $259 pivot to bring the 23.6% FIB of $283 and the first major resistance level at $294 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from last week’s high $283.50

Barring an extended rally, the first major resistance level and resistance at $300 would likely cap any upside.

In the event of a breakout, Binance Coin could test resistance at $350 before any pullback. The second major resistance level sits at $319.

Failure to avoid a fall through the $259 pivot would bring the first major support level at $234 and the 38.2% FIB of $230 into play.

Barring an extended sell-off, Binance Coin should steer well clear of the second major support level at $199.

At the time of writing, Binance Coin was down by 0.10% to $269.05. A mixed start to the week saw Binance Coin rise to an early Sunday morning high $271.24 before falling to a low $266.10.

Binance Coin left the major support and resistance levels untested early on.

BNBUSD 280321 Daily Chart

Litecoin

Litecoin fell by 8% in the week ending 27th March. Following an 11.47% slide from the previous week, Litecoin ended the week at $184.14.

A mixed start to the week saw Litecoin rise to a Sunday intraweek high $201.95 before hitting reverse.

Falling well short of the first major resistance level at $222, Litecoin slid to a Thursday intraweek low $167.78.

Litecoin fell through and the first major support level at $185 and the second major support level at $170.

More significantly, Litecoin also fell through the 23.6% FIB of $195.

Finding support late in the week, Litecoin broke back through the support levels to visit $186 levels before easing back.

Litecoin fell back through the first major support level at $185 to end the week at $184 levels.

4 days in the red that included a 5.03% fall on Monday and a 5.33% slide on Wednesday delivered the loss for the week.

For the week ahead

Litecoin would need to move through the $185 pivot to bring the first major resistance level at $202 into play.

Support from the broader market would be needed, however, for Litecoin to break out from the 23.6% FIB of $195.

Barring an extended crypto rally, the first major resistance level and last week’s high $201.95 would likely limit any upside.

In the event of an extended breakout, Litecoin could test resistance at $230 before any pullback. The second major resistance level sits at $219.

Failure to move through the $185 pivot would bring and the first major support level at $167 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $151.

The 38.2% FIB of $163 should limit the downside.

At the time of writing, Litecoin was down by 0.40% to $183.41. A mixed start to the week saw Litecoin rise to an early Sunday morning high $184.73 before falling to a low $182.52.

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

LTCUSD 280321 Daily Chart

Tron’s TRX

Tron’s TRX rose by 3.49% in the week ending 27th March. Following on from a 14.71% rally from the week prior, Tron’s TRX ended the week at $0.06310.

A mixed start to the week saw Tron’s TRX rise to a Monday high $0.06723 before hitting reverse.

While falling short of the first major resistance level at $0.07121, Tron’s TRX broke through the 62% FIB of $0.06480.

The reversal saw Tron’s TRX slide back through the 62% FIB to a Thursday intraweek low $0.05137.

Steering clear of the first major support level at $0.04863, Tron’s TRX bounced back to strike a Saturday intraweek high $0.06972.

While continuing to fall short of the major resistance levels, Tron’s TRX broke back through the 62% FIB of $0.06480 before easing back.

2 days in the green that included a 17.35% breakout on Friday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid a fall through the $0.06140 pivot to support a run at the first major resistance level at $0.07142.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the 62% FIB and last week’s high $0.06972.

Barring a broad-based crypto rally, the first major resistance level and resistance at $0.075 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at $0.080. The second major resistance level sits at $0.07975.

A break through and hold above the 62% FIB of $0.0648 would lead to a near-term bullish trend formation.

Failure to avoid a fall through the $0.06140 pivot would bring the first major support level at $0.05307 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.04305.

At the time of writing, Tron’s TRX was up by 0.68% to $0.06353. A mixed start to the week saw Tron’s TRX rise to an early Sunday morning high $0.06382 before falling to a low $0.06227.

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

TRXUSD 280321 Daily Chart