Binance Coin Mid-Week Analysis – Resistance Levels in Play – 12/08/20

Binance

Binance Coin Price Support

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

Binance Coin fell by 2.30% on Sunday, before a Monday rally to a current week high $23.26.

In spite of a 1.01% gain on the day, Binance Coin came up short of the first major resistance level at $25.36.

Hitting reverse on Tuesday, Binance Coin tumbled by 5.94% to a current week low $20.52.

Despite the pullback, Binance Coin steered clear of the first major support level at $19.68 and 38.2% FIB of $19.40.

For the current week, Sunday through Tuesday, Binance Coin was down by 7.07% to $21.30. Two days in the red that included Monday’s 5.94% slide delivered the downside.

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

It had been a particularly bullish start to the year before the reversal. Having been up by as much as 101% year-to-date, Binance Coin was up by 56.04% 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 2.07% to $20.86. A bearish start to the day on Wednesday saw Binance Coin fall from an early morning high $21.35 to a low $20.66.

Binance Coin continued to steer clear of the major support and resistance levels early in the day.

BNB/USD 12/08/20 Daily Chart

For the remainder of the week

Binance Coin would need to move back through the $22.09 pivot level to support a run at the first major resistance level at $25.36.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $23.26.

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

In the event of another breakout, Binance Coin could test resistance at $27 before any pullback. Binance Coin would likely fall short of the 62% FIB of $27.3, however. The second major resistance level sits at $27.77.

Failure to move through the $22.09 pivot level would bring the first major support level at $19.68 and the 38.2% FIB of $19.40 into play.

Barring an extended crypto sell-off, however, Binance Coin should avoid sub-$19 levels.

Looking at the Technical Indicators

Major Support Level: $19.68

Major Resistance Level: $25.36

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 – August 11th, 2020

Bitcoin and Litecoin over dollar banknotes.

Bitcoin, BTC to USD, Bitcoin rose by 1.86% on Monday. Reversing a 0.75% fall from Sunday, Bitcoin ended the day at $11,892.0.

It was a bullish start to the day. Bitcoin rallied to an early morning intraday high $12,065 before hitting reverse.

Bitcoin broke through the first major resistance level at $11,799 and the second major resistance level at $11,922.

The reversal saw Bitcoin slide to a late morning intraday low $11,450 before finding support.

Bitcoin fell through the first major support level at $11,540.87 before rebounding to $11,970 levels.

The rebound saw Bitcoin break back through the first and second major resistance levels before easing back to sub-$11,900 levels.

In spite of the late pullback, Bitcoin avoided a fall back through the first major resistance level at $11,799.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 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 Monday.

Bitcoin Cash ABC and Cardano’s ADA fell by 0.07% and by 0.83% to buck the trend on the day.

It was a bullish day for the rest of the majors, with Tezos surging by 15.12% to lead the pack.

EOS (+6.91%), Litecoin (+2.35%), Ripple’s XRP (+2.28%), and Tron’s TRX (+4.83%) also found strong support.

Binance Coin (+0.98%), Bitcoin Cash SV (+0.57%), Ethereum (+1.38%), Monero’s XMR (+0.87%), and Stellar’s Lumen (+0.64%) trailed the front runners.

In the current week, the crypto total market cap rose to a Monday high $361.35bn before falling to a low $339.21bn. At the time of writing, the total market cap stood at $353.42bn.

Bitcoin’s dominance rose to a Monday high 62.62% before sliding to a low 61.70%. At the time of writing, Bitcoin’s dominance stood at 61.98%.

This Morning

At the time of writing, Bitcoin was down by 0.14% to $11,875.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,917.0 before falling to a low $11,867.0.

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

Elsewhere, it was a mixed start to the morning.

Ethereum (-0.17%) and Monero’s XMR (-0.42%) joined Bitcoin in the red.

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

Ripple’s XRP (+1.38%) and Tezos (+1.41%) led the pack early on.

BTC/USD 11/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,800 pivot to support a run at the first major resistance level at $12,155.

Support from the broader market would be needed, however, for Bitcoin to break out from Monday’s high $12,065.

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

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $12,417.

A fall through the $11,800 pivot level would bring the first major support level at $11,540 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$11,500 levels. The second major support level sits at $11,187.33.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 09/08/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin rose by 6.06% in the week ending 8th August. Following on from a 9.12% rally from the previous week, Binance Coin ended the week at $22.94.

Another bearish start to the week saw Binance Coin fall to Sunday intraweek low $18.83 before making a move.

Binance Coin fell through the first major support level at $19.18, before rallying to a Wednesday intraweek high $24.51.

Binance Coin broke through the 38.2% FIB of $19.4 and the first major resistance level at $22.97.

Coming up against the second major resistance level at $24.29, Binance Coin saw 2 consecutive days in the red.

Binance Coin slid back to sub-$21.20 levels before finding support on Saturday to end the week at $22 levels.

4 days in the green that included a 5.36% rally on Monday and a 4.52% gain on Wednesday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid a fall through the $22.09 pivot to bring the first major resistance level at $25.36 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $24.51.

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

In the event of a breakout, Binance Coin could take a run at the second major resistance level at $27.77 before any pullback.

Failure to avoid a fall through the $22.09 pivot would bring the first major support level at $19.68 into play.

Barring a crypto sell-off, Binance Coin should avoid sub-$18 levels and the second major support level at $16.41.

At the time of writing, Binance Coin was down by 0.59%. A mixed start the day saw Binance Coin rise to an early Sunday morning high $23.00 before falling to a low $22.71

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

BNB/USD 09/08/20 Daily Chart

Litecoin

Litecoin fell by 5.28% in the week ending 8th August. Partially reversing the previous week’s 25.37% rally, Litecoin ended the week at $58.46.

It was a choppy start to the week. Litecoin rose to a Sunday intraweek high $65.31 before hitting reverse.

Falling short of the first major resistance level at $67.08, Litecoin slid to a Sunday intraweek low $52.70.

While steering clear of the first major support level at $51.65, Litecoin fell through the 23.6% FIB of $54.00.

Finding support in the week, Litecoin moved back through to a Friday high $61.10 before falling back to sub-$60.

While continuing to fall short of the major resistance levels, Litecoin broke back through the 23.6% FIB of $54.00.

3 days in the red that included an 8.02% slide on Sunday delivered the downside for the week.

For the week ahead

Litecoin would need to move through the $58.82 pivot to support a run at the first major resistance level at $64.95.

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

Barring another extended crypto rally, the first major resistance level at $64.95 would likely cap any upside.

Failure to move through the $58.82 pivot would bring the 23.6% FIB and the first major support level at $52.34 into play.

Barring an extended crypto sell-off, however, Litecoin should steer well clear of sub-$50 levels. The second major support level sits at $46.21.

At the time of writing, Litecoin was up by 0.07% to $58.50. A mixed start to the day saw Litecoin fall to an early Sunday low $58.2 before rising to a high $58.72.

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

LTC/USD 09/08/20 Daily Chart

Tron’s TRX

Tron’s TRX slipped by 0.20% in the week ending 8th August. Following a 9.00% rally from the previous week, Tron’s TRX ended the week at $0.020496.

It was a choppy start to the week. Tron’s TRX rose to a Sunday intraweek high $0.021237 before hitting reverse.

Falling short of the first major resistance level at $0.2160, Tron’s TRX slid to a Sunday intraweek low $0.017800.

Tron’s TRX fell through the first support level at $0.01850 before finding support to strike a Friday high $0.021073.

Coming up short of the major resistance levels, Tron’s TRX slid back to sub-$19 levels before finding support.

A Saturday move back through to $0.020 levels limited the downside for the week.

4 days in the red that included a 7.08% slide on Sunday delivered the downside for the week.

For the week ahead

Tron’s TRX would need to avoid a fall through the $0.01983 pivot to support a run at the first major resistance level at $0.02186.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.021237.

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

In the event of a breakout, Tron’s TRX could test the second major resistance level at $0.02327 before any pullback.

Failure to avoid a fall through the $0.01983 pivot would bring the first major support level at $0.01842 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should avoid sub-$0.017 levels. The second major support level sits at $0.01639.

At the time of writing, Tron’s TRX was up by 0.41% to $0.020538. A relatively bullish start to the day saw Tron’s TRX rise from an early Sunday low $0.020489 to a high $0.020549.

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

TRX/USD 09/08/20 Daily Chart

The Crypto Daily – Movers and Shakers – August 7th, 2020

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

Bitcoin, BTC to USD, rose by 0.20% on Thursday. Following on from a 4.91% rally on Wednesday, Bitcoin ended the day at $11,759.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $11,557 before making a move.

Steering clear of the first major support level at $11,281, Bitcoin rallied to a late intraday $11,890 before easing back.

Falling short of the first major resistance level at $11,996 Bitcoin fell back to $11,600 levels and into the red.

Finding late support, however, Bitcoin moved back through to $11,700 levels to deliver the upside.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 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 another mixed day for the majors on Thursday.

Binance Coin (-2.36%), Ethereum (-1.48%), Stellar’s Lumen (-1.43%), and Tron’s TRX (-0.62%) saw red.

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

Bitcoin Cash ABC (+5.74%), Monero’s XMR (+5.37%), and Tezos (+3.75%) led the way.

Bitcoin Cash SV (+1.29%), Cardano’s ADA (+1.41%), EOS (+1.05%), Litecoin (+0.25%), and Ripple’s XRP (+0.19%) also joined Bitcoin in the green.

In the current week, the crypto total market cap rose from a Monday low $323.88bn to a Thursday high $355.09bn. At the time of writing, the total market cap stood at $348.75bn.

Bitcoin’s dominance fell from a Monday high 62.46% to a Tuesday low 61.24%. At the time of writing, Bitcoin’s dominance stood at 62.35%.

This Morning

At the time of writing, Bitcoin was up by 0.29% to $11,793.0. A mixed start to the day saw Bitcoin fall to an early morning low $11,738.0 before rising to a high $11,795.0.

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

Elsewhere, it was a mixed start to the day. Monero’s XMR bucked the trend early on, falling by 0.68%.

It was a bullish start for the rest of the majors, however. At the time of writing, Cardano’s ADA was up by 1.66% to lead the way.

BTC/USD 07/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,735 pivot to support a run at the first major resistance level at $11,914.

Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $11,890.

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

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $12,068.

Failure to avoid a fall through the $11,735 pivot level would bring the first major support level at $11,581 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$11,500 levels. The second major support level sits at $11,402.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 05/08/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Resistance

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

Binance Coin saw red on Sunday, falling by 3.18% before 2 consecutive days in the green on Monday and Tuesday.

The bearish start saw Binance Coin fall from a Sunday high $22.95 to a Sunday current week low $18.83 before making a move.

Coming up against the first major resistance level at $22.97, Binance Coin fell through the first major support level at $19.18.

More significantly, Binance Coin fell through the 38.2% FIB of $19.4 before striking a Monday high $23.02.

Moving back through the first major support levels and 38.2% FIB, Binance Coin broke through the first major resistance level at $22.97.

In spite of the 2 consecutive days in the green, however, the first major resistance level continued to pin Binance Coin back.

For the current week, Sunday through Tuesday, Binance Coin was up by 3.10% to $22.30. The two days in the green, that included a 5.36% rally on Monday delivered the upside.

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

It had been a particularly bullish start to the year before the reversal. Having been up by as much as 101% year-to-date, Binance Coin was up by 63.37% 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 3.04% to $22.98. A bullish start to the day on Wednesday saw Binance Coin rise from an early morning low $21.96 to a current week high $23.39

Binance Coin broke back through the first major resistance level at $22.97 early on.

BNB/USD 05/08/20 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through to sub-$22 levels to support a run at the second major resistance level at $24.29.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $23.39.

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

In the event of another breakout, Binance Coin could test resistance at $25 before any pullback.

Failure to avoid a fall back through to sub-$22 levels could see Binance Coin give up the current week gains.

A fall through the pivot level at $20.50 pivot level would bring the 38.2% FIB of $19.40 and the first major support level at $19.18 into play.

Barring an extended crypto sell-off, however, Binance Coin should avoid sub-$21 levels.

Looking at the Technical Indicators

Major Support Level: $19.18

Major Resistance Level: $22.97

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 – August 4th, 2020

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin, BTC to USD, rose by 1.52% on Monday. Partially reversing a 6.36% slide from Sunday, Bitcoin ended the day at $11,226.5.

It was a mixed start to the day. Bitcoin slid to an early morning intraday low $10,943 before making a move.

Steering clear of the first major support level at $10,369, Bitcoin rallied to a late afternoon intraday high $11,456.

Falling short of the first major resistance level at $11,918, Bitcoin fell to a 2nd half of the day low $11,125.

Finding support in the final hour, however, Bitcoin moved back through to $11,200 levels to deliver the upside on the day.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 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 bullish day on Monday.

Ripple’s XRP rallied by 7.58% to lead the way.

Binance Coin (+5.29%), Bitcoin Cash ABC (+5.76%), Bitcoin Cash SV (+5.18%), Monero’s XMR (+5.18%), Tezos (+6.19%), and Tron’s TRX (+4.72%) also found strong support.

Cardano’s ADA (2.71%), EOS (+3.58%), Ethereum (+3.77%), Litecoin (3.06%), and Stellar’s Lumen (+3.14%) trailed the front runners.

At the start of the week, the crypto total market cap rose from a Monday low $323.11bn to a Monday high $345.06bn. At the time of writing, the total market cap stood at $340.35bn.

Bitcoin’s dominance fell from a Monday high 62.43% to a low 61.38%. At the time of writing, Bitcoin’s dominance stood at 61.65%.

This Morning

At the time of writing, Bitcoin was up by 1.14% to $11,354.4. A bullish start to the day saw Bitcoin rise from an early morning low $11,225.5 to a high $11,374.0.

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

Elsewhere, it was a mixed start to the day. Monero’s XMR bucked the trend early on, falling by 0.24%.

It was a bullish start for the rest of the majors, however. At the time of writing, Ethereum was up by 3.00% to lead the way, with Ripple’s XRP up by 2.41%.

BTC/USD 04/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,209 pivot to support a run at the first major resistance level at $11,474.

Support from the broader market would be needed, however, for Bitcoin to break out from Monday’s high $11,456.

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

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,722.

Failure to avoid a fall through the $11,209 pivot level would bring the first major support level at $10,961 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,800 levels on the day. The second major support level sits at $10,696.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 02/08/20

Crypto00 567

Binance Coin

Binance Coin rose by 9.12% in the week ending 1st August. Following on from a 15.73% rally from the previous week, Binance Coin ended the week at $21.65.

It was a bearish start to the week. Binance Coin fell to a Monday intraweek low $18.03 before making a move.

Steering clear of the first major support level at $17.68, Binance Coin rallied to a Saturday intraweek high $21.82.

Binance Coin broke through the 38.2% FIB of $19.4 and the first major resistance level at $21.16.

5 days in the green that included a 4.64% rally on Saturday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid a fall through the $20.50 pivot to bring the first major resistance level at $22.97 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $21.82.

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

In the event of a breakout, Binance Coin could take a run at the second major resistance level at $24.29 before any pullback.

Failure to avoid a fall through the $21.50 pivot would bring the first major support level at $19.18 into play.

Barring a crypto sell-off, Binance Coin should avoid sub-$19 levels and the second major support level at $16.71.

At the time of writing, Binance Coin was down by 0.38% to $21.57. A mixed start to the week saw Binance Coin rise to an early Sunday high $21.79 before falling to a low $21.47.

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

BNB/USD 02/08/20 Hourly Chart

Litecoin

Litecoin rallied by 25.37% in the week ending 1st August. Following on from a 17.52% breakout from the previous week, Litecoin ended the week at $61.72.

It was a bearish start to the week. Litecoin fell to a Monday intraweek low $46.93 before making a move.

Steering clear of the first major support level at $43.91, Litecoin rallied to a Saturday intraweek high $62.36.

Litecoin broke through the first major resistance level at $52.10 and the second major resistance level at $54.96.

More significantly, Litecoin broke through the 23.6% FIB of $54 to visit $62 for the 1st time since early March.

Falling short of the third major resistance level at $63.15, Litecoin eased back to end the week at $61 levels.

5 days in the green that included a 10.88% rally on Monday delivered the upside for the week.

For the week ahead

Litecoin would need to avoid a fall through the $57 pivot to support a run at the first major resistance level at $67.08.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $62.36.

Barring another extended crypto rally, the first major resistance level at $67.08 would likely cap any upside.

Failure to avoid a fall through the $57 pivot could see Litecoin hit reverse.

A fall through to sub-$57 levels would bring the first major support level at $51.65 into play.

Barring an extended crypto sell-off, however, Litecoin should steer well clear of sub-$50 levels. The second major support level sits at $41.57.

At the time of writing, Litecoin was down by 0.68% to $61.30. A mixed start to the week saw Litecoin rise to an early Sunday high $62.13 before falling to a low $60.75.

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

LTC/USD 02/08/20 Hourly Chart

Tron’s TRX

Tron’s TRX rose by 9.00% in the week ending 1st August. Following on from a 7.75% gain from the previous week, Tron’s TRX ended the week at $0.020461.

It was a bearish start to the week. Tron’s TRX fell to a Monday intraweek low $0.017685 before making a move.

Steering clear of the first support level at $0.01755, Tron’s TRX rallied to a Saturday intraweek high $0.020778.

Tron’s TRX broke through the first major resistance level at $0.01945 and the second major resistance level at $0.02010.

Off the back of the bullish week, Tron’s TRX wrapped up the day at $0.02 levels for the first time since February.

5 days in the green that included a 3.92% rally on Saturday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid a fall through the $0.01964 pivot to support a run at the first major resistance level at $0.02160.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.020778.

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

In the event of a breakout, Tron’s TRX could test the second major resistance level at $0.02273 before any pullback.

Failure to avoid a fall through the $0.01964 pivot would bring the first major support level at $0.01850 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should avoid sub-$0.017 levels. The second major support level sits at $0.01655.

At the time of writing, Tron’s TRX was up by 0.59% to $0.020581. A mixed start to the week saw Tron’s TRX rise to an early Sunday morning high $0.020640 before falling to a low $0.020418.

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

TRX/USD 02/08/20 Hourly Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 29/07/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Resistance

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

Binance Coin saw red on Sunday, falling by 1.38% before 2 consecutive days in the green on Monday and Tuesday.

Binance Coin rose to a Sunday current week high 20.91 before hitting reverse.

Falling short of the first major resistance level at $21.16, Binance Coin slid to a Monday current week low $18.03.

Steering clear of the first major support level at $17.68, Binance Coin bounced back to $20 levels.

While leaving the major support and resistance levels untested, Binance Coin broke through the 38.2% FIB of $19.40.

For the current week, Sunday through Tuesday, Binance Coin was up by 2.02% to $20.24. Two days in the green, that included a 2.33% rally on Tuesday delivered the upside. The 1.38% fall on Sunday limited the upside, however.

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

It’s had been a bullish start to the year before the reversal. Having been up by as much as 101% year-to-date, Binance Coin was up by 48.28% 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 0.04% to $20.24. A mixed start to the day on Wednesday saw Binance Coin rise to an early morning high $20.51 before falling to a low $19.94.

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

BNB/USD 29/07/20 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the $19 pivot to support a run at the first major resistance level at $21.16.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $20.77.

Barring an extended crypto rally, the first major resistance level at $21.16 would likely continue to limit any upside.

In the event of another breakout, the second major resistance level at $22.46 would likely come into play.

Failure to avoid a fall back through to the pivot level at $19 would bring the first major support level at $17.68 into play.

Barring an extended crypto sell-off, however, Binance Coin should avoid sub-$19 levels.

The 38.2% FIB of $19.40 should limit the downside in the week.

Looking at the Technical Indicators

Major Support Level: $17.68

Major Resistance Level: $21.16

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 – July 28th, 2020

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

Bitcoin, BTC to USD, rallied by 11.01% on Monday. Following on from a 2.40% gain on Sunday, Bitcoin ended the day at $11,044.

It was bullish day, with Bitcoin rallying from an early morning intraday low $9,944.9 to a late intraday high $11,379.0.

Bitcoin broke through the day’s major resistance levels before falling back to sub-$10,800 levels.

The pullback saw Bitcoin fall back through the third major resistance level at $10,968.13 before finding support.

Finding late support, however, Bitcoin broke back through the third major resistance level to end the day at $11,000 levels.

The near-term bullish trend remained intact, supported by the latest run at $11,000 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 on Monday.

Cardano’s ADA (-6.64%), Stellar’s Lumen (-4.75%), and Tezos (-5.30%) saw heavy losses on the day.

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

Bitcoin Cash ABC (+7.64%), Bitcoin Cash SV (+8.38%), and Litecoin (+10.91%) led the way.

Binance Coin (+1.02%), EOS (+5.07%), Ethereum (+3.47%), Monero’s XMR (+0.52%), Ripple’s XRP (+4.33%), and Tron’s TRX (+0.93%) trailed the front runners.

At the start of the week, the crypto total market cap rose from a Monday low $285.49bn to a high $335.80bn. At the time of writing, the total market cap stood at $319.54bn.

Bitcoin’s dominance rose from a Monday low 62.43% to a Monday high 64.85% before easing back. At the time of writing, Bitcoin’s dominance stood at 64.41%.

This Morning

At the time of writing, Bitcoin was up by 1.08% to $11,162.9. A bullish start to the day saw Bitcoin rise from an early morning low $11,044.0 to a high $11.263.0.

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

Elsewhere, Cardano’s ADA continued to buck the trend. At the time of writing, Cardano’s ADA was down by 0.95%.

It was a bullish start to the day for the rest of the majors, however, with Binance Coin up by 2.15% to lead the way.

BTC/USD 28/07/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $10,789 pivot to support a run at the first major resistance level at $11,634.

Support from the broader market would be needed, however, for Bitcoin to break out from Monday’s high $11,379.

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

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $12,223.

Failure to avoid a fall through the $10,789 pivot level would bring the first major support level at $10,200 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer well clear of the first major support level at $10,200.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 26/07/20

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Binance Coin

Binance Coin rallied by 15.73% in the week ending 25th July. Reversing a 2.61% fall from the previous week, Binance Coin ended the week at $19.86.

It was a mixed start to the week. Binance Coin fell to a Sunday intraweek low $16.80 before making a move.

Steering clear of the first major support level at $16.06, Binance Coin rallied to a Saturday intraweek high $20.28

Binance Coin broke through the first major resistance level at $18.66 and the second major resistance level at $20.16.

More importantly, Binance Coin broke out from the 38.2% FIB of $19.40 to visit $20 levels for the first time since March.

A late Saturday pullback saw Binance Coin fall back through the second major resistance level to wrap up the week at $19 levels.

6 days in the green that included a 5% rally last Sunday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid a fall through the $18.98 pivot to bring the first major resistance level at $21.16 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $20.28

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

In the event of a breakout, Binance Coin could take a run at $22 levels. The second major resistance level at $22.46 would limit any upside.

Failure to avoid a fall through the $18.98 pivot would bring the first major support level at $17.68 into play.

Barring a crypto sell-off, Binance Coin should avoid sub-$17 levels and the second major support level at $15.50.

At the time of writing, Binance Coin was down 0.68% to $19.72. A bearish start to the week saw Binance Coin fall from an early Sunday high $19.85 to a low $19.55.

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

BNB/USD 26/07/20 Daily Chart

Litecoin

Litecoin rallied by 17.52% in the week ending 25th July. Reversing a 5.10% slide from the previous week, Litecoin ended the week at $49.23.

It was a mixed start to the week. Litecoin fell to a Monday intraweek low $41.45 before making a move.

Steering clear of the first major support level at $40.36, Litecoin rallied to a Saturday intraweek high $49.64.

Litecoin broke through the first major resistance level at $45.05 and the second major resistance level at $47.65.

4 days in the green that included an 11.48% rally on Saturday delivered the upside for the week.

For the week ahead

Litecoin would need to avoid a fall through the $46.77 pivot to support a run at the first major resistance level at $52.10.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $49.64.

Barring another extended crypto rally, the first major resistance level at $52.10 would likely cap any upside.

Failure to avoid a fall through the $46.77 pivot could see Litecoin come under further pressure.

A fall through to sub-$46 levels would bring the first major support level at $43.91 into play.

Barring an extended crypto sell-off, however, Litecoin should steer well clear of sub-$40 levels. The second major support level sits at $38.58.

At the time of writing, Litecoin was down by 0.59% to $48.94. A bearish start to the week saw Litecoin fall from an early Sunday morning high $49.25 to a low $48.51.

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

LTC/USD 26/07/20 Daily Chart

Tron’s TRX

Tron’s TRX rose by 7.75% in the week ending 25th July. Reversing a 5.05% slide from the previous week, Tron’s TRX ended the week at $0.018794.

It was also a mixed start to the week. Tron’s TRX fell to a Monday intraweek low $0.016951 before making a move.

Steering clear of the first support level at $0.01660, Tron’s TRX rallied to a Saturday intraweek high $0.018852.

Tron’s TRX broke through the first major resistance level at $0.01840 to test resistance at $0.019.

5 days in the green that included a 4.67% rally on Saturday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid a fall through the $0.01820 pivot to support a run at the first major resistance level at $0.01945.

Support from the broader market would be needed, however, for Tron’s TRX to break through to $0.019 levels.

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

In the event of a breakout, Tron’s TRX could test the second major resistance level at $0.02010 before any pullback.

Failure to avoid a fall through the $0.01820 pivot would bring the first major support level at $.01755 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should avoid sub-$0.017 levels. The second major support level sits at $0.01630.

At the time of writing, Tron’s TRX was down by 0.43% to $0.018713. A bearish start to the week saw Tron’s TRX fall from an early Sunday morning high $0.018905 to a low $0.018653.

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

TRX/USD 26/07/20 Daily Chart