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May 6, 2021

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

Bitcoin, BTC to USD, rose by 7.95% on Wednesday. Reversing a 6.81% slide from Tuesday, Bitcoin ended the day at $57,487.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $52,960.0 before making a move.

Steering clear of the first major support level at $51,823, Bitcoin rose to a late afternoon intraday high $57,898.0.

Bitcoin broke through the first major resistance level at $55,922 before easing back to $56,500 levels.

Finding late support, however, Bitcoin moved back through to $57,000 levels to end the day at $57,400 levels.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$53,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Bitcoin Cash SV surged by 30.10% to lead the way.

Cardano’s ADA (+16.62%), Litecoin (+16.70%), and Ripple’s XRP (+16.17%) also made solid gains.

Binance Coin (+7.04%), Chainlink (+8.79%), Ethereum (+8.96%), and Polkadot (+7.65%) weren’t far behind, while Crypto.com Coin (+6.64%) trailed the front runners.

In the current week, the crypto total market fell to a Tuesday low $2,064bn before rising to a Wednesday high $2,384bn. At the time of writing, the total market cap stood at $2,314bn.

Bitcoin’s dominance rose to a Monday high 49.39% before falling to a Wednesday low 45.49%. At the time of writing, Bitcoin’s dominance stood at 46.04%.

This Morning

At the time of writing, Bitcoin was down by 0.92% to $56,958.0. A mixed start to the day saw Bitcoin rise to an early morning high $57,500.0 before falling to a low $56,751.0.

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

Elsewhere, it was a mixed start to the day.

Ripple’s XRP (4.43%), Bitcoin Cash SV (+2.67%), Crypto.com Coin (+0.94%), and Polkadot (+0.36%) found early support.

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

At the time of writing, Chainlink was down by 3.17% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $56,115 to support a run at the first major resistance level at $59,270.

Support from the broader market would be needed for Bitcoin to break back through to $59,000 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 swing hi $64,829 before any pullback. The second major resistance level sits at $61,053.

Failure to avoid a fall through the pivot at $56,115 would bring the first major support level at $54,332 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$53,000 levels. The second major support level sits at $51,117.

May 5, 2021

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 05/05/21

Binance Coin Price Resistance

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

Binance Coin fell to a Sunday current week low $593.05 before making a move.

Steering clear of the 23.6% FIB of $509 and the first major support level at $499, Binance Coin rallied to a Monday intraweek high and a new swing hi $704.62.

Binance Coin broke through the first major resistance level at $703 before pulling back to sub-$680 levels on Monday.

On Tuesday, the pullback continued, with Binance Coin sliding back to sub-$600 levels before finding support to wrap up the day at $609 levels.

For the current week, Sunday through Tuesday, Binance Coin was down by 1.90% to $609.27.

A 9.99% slide on Tuesday reversed gains from Sunday and Monday.

The near-term bullish trend remained intact supported by the current week’s gain. For the bears, a sustained fall through the 62% FIB of $250 would form a near-term bearish trend.

It has been a particularly bullish start to the year, with Binance Coin up by 1,527%.

At the time of writing, Binance Coin was up by 3.16% to $628.52. A mixed start to the day on Wednesday saw Binance Coin fall to an early morning low $600.92 before rising to a high $642.95.

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

For the remainder of the week

Binance Coin would need to avoid a fall back through the pivot at $581 to bring the first major resistance level at $703 back into play.

Support from the broader market would be needed, however, for Binance Coin to break back through to $700 levels.

Barring an extended rally going into the weekend, the first major resistance level and this week’s new swing hi $704.62 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $800 before any pullback. The second major resistance level sits at $785.

Failure to avoid a fall back through the $581 pivot would bring the 23.6% FIB of $540 and the first major support level at $499 into play.

Barring another extended sell-off going into the weekend, however, Binance Coin should steer of the 38.2% FIB of $438. The second major support level sits at $377.

May 4, 2021May 4, 2021

The Crypto Daily – Movers and Shakers – May 4th, 2021

Different cryptocurrencies in a circle with a golden bitcoin in

Bitcoin, BTC to USD, rose by 0.96% on Monday. Partially reversing a 2.02% loss from Sunday, Bitcoin ended the day at $57,147.0.

A bullish start to the day saw Bitcoin rally to a late morning intraday high $58,945.0 before hitting reverse.

Bitcoin broke through the first major resistance level at $57,653 and the second major resistance level at $58,702.

Falling short of $60,000 levels, Bitcoin slid to a late intraday low $56,511.0.

Steering clear of the first major support level at $55,803, Bitcoin move back through to $57,000 levels and back into the green.

The near-term bullish trend remained intact supported by the return to $58,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 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.

Ripple’s XRP fell by 0.59% to buck the trend on the day.

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

Bitcoin Cash SV and Ethereum rallied by 12.60% and by 16.32% to lead the way.

Binance Coin (+8.78%), Chainlink (+6.47%), and Litecoin (+9.59%) also found strong support.

Cardano’s ADA (+2.66%), Crypto.com Coin (+1.35%), and Polkadot (+0.66%) trailed the front runners, however.

Early in the week, the crypto total market fell to a Monday low $2,137bn before rising to a Monday high $2,332bn. At the time of writing, the total market cap stood at $2,216bn.

Bitcoin’s dominance rose to a Monday high 49.27% before falling to an early Tuesday low 47.21%. At the time of writing, Bitcoin’s dominance stood at 47.61%.

This Morning

At the time of writing, Bitcoin was down by 1.13% to $56,502.1. A mixed start to the day saw Bitcoin rise to an early morning high $57,166.0 before falling to a low $56,430.0.

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

Elsewhere, it was a bearish start to the day.

At the time of writing, Ripple’s XRP was down by 3.80% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $57,534 to support a run at the first major resistance level at $58,558.

Support from the broader market would be needed for Bitcoin to breakout back through to $58,000 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $58,945 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 $59,968.

Failure to move back through the pivot at $57,534 would bring the first major support level at $56,124 into play.

Barring another extended sell-off on the day, Bitcoin should avoid a fall back to sub-$55,000 levels. The second major support level at $55,100 should limit the downside.

May 2, 2021

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 02/05/21

Binance Coin

Binance Coin rallied by 24.77% in the week ending 1^st May. Reversing a 3.38% fall from the previous week, Binance Coin ended the week at $620.90.

A mixed start to the week saw Binance Coin fall to a Sunday intraweek low $459.68 before making a move.

While steering clear of the first major support level at $401, Binance Coin fell through the 23.6% FIB of $490.

Finding Sunday support, Binance Coin rallied to a Friday intraweek high and a new swing hi $663.65.

Binance Coin broke back through the 23.6% FIB and also through the first major resistance level at $610.

A pullback on Saturday saw Binance Coin briefly fall back through the first major resistance level before ending the week at $620 levels.

5 days in the red that included a 6.30% rally on Tuesday and a 6.59% gain on Thursday delivered the upside.

For the week ahead

Binance Coin would need to avoid a fall through the $581 pivot to bring the first major resistance level at $703 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from last week’s swing hi $663.65.

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

In the event of another breakout, Binance Coin could test resistance at $850 before any pullback. The second major resistance level sits at $722.

Failure to avoid a fall through the $581 pivot would bring the 23.6% FIB of $509 and the first major support level at $499.

Barring another extended sell-off, Binance Coin should steer well clear of the second major support level at $377. The 38.2% FIB of $413 should limit the downside.

At the time of writing, Binance Coin was down by 0.68% to $616.68. A mixed start to the week saw Binance Coin rise to an early Sunday high $630.88 before falling to a low $612.89.

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

Litecoin

Litecoin rallied by 22.96% in the week ending 1^st May. Partially reversing a 25.16% slide from the previous week, Litecoin ended the week at $277.0.

A mixed start to the week saw Litecoin fall to a Sunday intraweek low $211.07 before making a move.

While steering clear of the first major support level at $187, Litecoin fell through the 38.2% FIB of $216.

Finding Monday support, however, Litecoin rallied to a Saturday intraweek high $278.71.

Litecoin broke through the 38.2% FIB and the 23.6% FIB of $262.

Falling short of the first major resistance level at $285, however, Litecoin eased back to end the week at $277 levels.

4 days in the green that included an 10.47% breakout on Monday delivered the upside in the week.

For the week ahead

Litecoin would need to avoid a fall through the 23.6% FIB of $262 and the $256 pivot to bring the first major resistance level at $300 into play.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $278.71.

Barring an extended crypto rally, the first major resistance level and resistance at $310 would likely limit any upside.

In the event of an extended breakout, Litecoin could test resistance at 17^th April’s swing hi $334.34. The second major resistance level sits at $323.

Failure to avoid a fall through the 23.6% FIB and the $256 pivot would bring the first major support level at $233 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of sub-$200 and the second major support level at $188. The 38.2% FIB of $216 should limit the downside.

At the time of writing, Litecoin was down by 1.09% to $273.97. A mixed start to the week saw Litecoin rise to an early Sunday high $277.64 before falling to a low $273.00.

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

Tron’s TRX

Tron’s TRX rallied by 27.11% in the week ending 1^st May. Partially reversing a 33.95% tumble from the previous week, Tron’s TRX ended the week at $0.1313.

A mixed start to the week saw Tron’s TRX fall to a Sunday intraweek low $0.09591 before making a move.

Steering clear of the 62% FIB of $0.0749 and the first major support level at $0.07455, Tron’s TRX rallied to a Saturday intraweek high $0.1352.

While breaking through the 38.2% FIB of $0.1167, Tron’s TRX came up short of the 23.6% FIB of $0.1426 and the first major resistance level at $.14427.

In spite of a pullback from Saturday’s high, Tron’s TRX wrapped up the week at $0.13 levels.

3 days in the red that included a 15.37% rally on Monday and an 8.78% gain on Friday delivered the upside.

For the week ahead

Tron’s TRX would need to avoid a fall through the $0.1208 pivot to support a run at the 23.6% FIB and the first major resistance level at $0.1457.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.1352.

Barring a broad-based crypto rally, the first major resistance level and the 23.6% FIB of $0.1426 would likely cap any upside.

In the event of another extended rally, Tron’s TRX could tests resistance at $0.17 before any pullback. The second major resistance level sits at $0.1601.

Failure to avoid a fall through the $0.1208 pivot would bring the 38.2% FIB of $0.1167 and the first major support level at $0.1064.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.08151.

At the time of writing, Tron’s TRX was down by 1.13% to $0.1299. A mixed start to the week saw Tron’s TRX rise to an early Sunday high $0.1316 before falling to a low $0.1290.

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

April 29, 2021April 29, 2021

The Crypto Daily – Movers and Shakers – April 29th, 2021

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

Bitcoin, BTC to USD, fell by 0.33% on Wednesday. Partially reversing a 1.76% gain from Tuesday, Bitcoin ended the day at $54,859.0.

A mixed start to the day saw Bitcoin fall to a mid-morning intraday low $53,917.0 before making a move.

Steering clear of the first major support level at $53,753, Bitcoin rallied to a late intraday high $56,432.0.

Bitcoin broke through the first major resistance level at $55,886 before falling back to sub-$54,100 levels.

Finding late support, however, Bitcoin moved back through to $54,800 levels to limit the downside on the day.

The near-term bullish trend remained intact supported by the partial recovery to $55,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 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.

Cardano’s ADA and Ethereum bucked the trend with gains of 2.30% and 3.14% respectively.

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

Ripple’s XRP fell by 3.10% to lead the way down.

Binance Coin (-1.13%), Chainlink (-1.44%), Crypto.com Coin (-2.84%), and Polkadot (-2.16%) also struggled.

Bitcoin Cash SV (-0.73%) and Litecoin (-0.45%) saw relatively modest losses on the day.

In the current week, the crypto total market fell to a Monday low $1,778bn before rising to a Wednesday high $2,124bn. At the time of writing, the total market cap stood at $2,055bn.

Bitcoin’s dominance rose to a Monday high 51.73% before falling to a Wednesday low 49.71%. At the time of writing, Bitcoin’s dominance stood at 50.14%.

This Morning

At the time of writing, Bitcoin was up by 0.55% to $55,160.4. A mixed start to the day saw Bitcoin fall to an early morning low $54,733.0 before rising to a high $55,199.0.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin and Polkadot were down by 0.48% and by 0.35% to buck the trend early on.

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

At the time of writing, Cardano’s ADA was up by 0.43% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the $55,069 pivot to bring the first major resistance level at $56,222 into play.

Support from the broader market would be needed for Bitcoin to break back through to $56,000 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $56,432.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $58,000 before any pullback. The second major resistance level sits at $57,584.

Failure to avoid a fall back through the $55,069 would bring the first major support level at $53,707 into play.

Barring another extended sell-off on the day, Bitcoin should steer well clear of the 23.6% FIB of $50,473. The second major support level at $52,554 should limit the downside.

April 28, 2021

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 28/04/21

Crypto currency background with various of shiny silver and golden physical cryptocurrencies symbol coins, Bitcoin, Ethereum, Litecoin, zcash, ripple

Binance Coin Price Resistance

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

A mixed start to the week, however, saw Binance Coin slide to a Sunday current week low $459.68 before making a move.

While steering clear of the first major support level at $401, Binance Coin fell through the 23.6% FIB of $494.

Finding late support on Sunday, however, and through Monday Binance Coin struck a Tuesday current week high $584.79 before easing back.

While breaking back through the 23.6% FIB, Binance Coin fell short of the first major resistance level at $610.

For the current week, Sunday through Tuesday, Binance Coin was up by 14.48% to $569.70.

3 days in the green that included a 5.99% rally on Monday and a 6.29% gain on Tuesday delivered the early upside.

The near-term bullish trend remained intact supported by the current week’s gain. For the bears, a sustained fall through the 62% FIB of $250 would form a near-term bearish trend.

It has been a particularly bullish start to the year, with Binance Coin up by 142.1%.

At the time of writing, Binance Coin was up by 1.21% to $576.57. A mixed start to the day on Wednesday saw Binance Coin fall to an early morning low $567.96 before rising to a high $582.76.

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

For the remainder of the week

Binance Coin would need to avoid a fall back through the pivot at $513 to bring the first major resistance level at $610 back into play.

Support from the broader market would be needed, however, for Binance Coin to break back through to $600 levels.

Barring an extended rally going into the weekend, the first major resistance level and last week’s high $625.35 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $700 before any pullback. The second major resistance level sits at $722.

Failure to avoid a fall back through the $513 pivot would bring the 23.6% FIB of $494 into play.

Barring another extended sell-off going into the weekend, however, Binance Coin should steer of the first major support level at $401.

Looking at the Technical Indicators

Major Support Level: $401

Major Resistance Level: $610

23.6% FIB Retracement Level: $494

38.2% FIB Retracement Level: $400

62% FIB Retracement Level: $250

April 27, 2021April 27, 2021

The Crypto Daily – Movers and Shakers – April 27th, 2021

Bitcoin, BTC to USD, rallied by 10.12% on Monday. Reversing a 2.03% fall from Sunday, Bitcoin ended the day at $54,102.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $48,831.0 before making a move.

Steering clear of the first major support level at $47,270, Bitcoin rallied to a late afternoon intraday high $54,387.0.

Bitcoin broke through the first major resistance level at $50,829 and the second major resistance level at $52,530.

More significantly, Bitcoin also broke back through the 23.6% FIB of $50,473.

Falling short of $55,000 levels, Bitcoin fell back through to sub-$53,000 levels before ending the day at $54,100 levels.

The near-term bullish trend remained intact in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 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 jumped by 31.66% to lead the way, with Cardano’s ADA rallying by 13.48%.

Bitcoin Cash SV (+7.69%), Chainlink (+10.96%), Ethereum (+9.11%), and Litecoin (+10.43%) also found strong support.

Binance Coin (+5.99%), Crypto.com Coin (+5.87%), and Polkadot (+1.77%) trailed the front runners, however.

Early in the week, the crypto total market fell to a Monday low $1,778bn before rising to a high $2,008bn. At the time of writing, the total market cap stood at $1,962.

Bitcoin’s dominance rose to a Monday high 51.73% before falling to a Monday low 50.65%. At the time of writing, Bitcoin’s dominance stood at 51.20%.

This Morning

At the time of writing, Bitcoin was .

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV and Polkadot were up by 2.98% and by 1.06% 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 was down by 1.68% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $52,440 pivot to bring the first major resistance level at $56,049 into play.

Support from the broader market would be needed for Bitcoin to break out from $55,500 levels.

Barring an extended crypto rally, the first major resistance level 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 $57,996.

Failure to avoid a fall through the $52,440 would bring the first major support level at $50,493 and the 23.6% FIB of $50,473 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$49,000 levels. The second major support level sits at $46,884.

April 25, 2021

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 25/04/21

Binance Coin

Binance Coin fell by 3.38% in the week ending 24^th April. Partially reversing a 9.16% gain from the previous week, Binance Coin ended the week at $497.35.

A mixed start to the week saw Binance Coin fall to a Sunday intraweek low $416.04 before making a move.

Binance Coin fell through the 23.6% FIB of $490 and the first major support level at $428.

Finding mid-week support, Binance Coin struck a Wednesday intraweek high $625.35 before hitting reverse.

Binance Coin broke back through the first major support level and the 23.6% FIB.

Coming up against the first major resistance level at $623, however, Binance Coin fell back through the 23.6% FIB to sub-$440 levels.

Steering clear of the first major support level, Binance Coin broke back through the 23.6% FIB to end the week at $497 levels.

4 days in the red that included a 6.24% fall on Sunday and a 7.22% slide on Thursday delivered the downside.

For the week ahead

Binance Coin would need to move through the $513 pivot to bring the first major resistance level at $610 into play.

Support from the broader market would be needed, however, for Binance Coin to break back through to $600 levels.

Barring an extended rally, the first major resistance level and last week’s high $625.35 would likely cap any upside.

In the event of another breakout, Binance Coin could test resistance at $750 before any pullback. The second major resistance level sits at $722.

Failure to move through the $513 pivot would bring the 23.6% FIB of $494 and the first major support level at $401 and 38.2% FIB of $400 into play.

Barring another extended sell-off, Binance Coin should steer well clear of sub-$350 levels and the second major support level at $304.

At the time of writing, Binance Coin was down by 1.07% to $492.05. A mixed start to the week saw Binance Coin rise to an early Sunday morning high $506.34 before falling to a low $487.24.

While leaving the major support and resistance levels untested early on, Binance Coin briefly fell through the 23.6% FIB of $490.

Litecoin

Litecoin slid by 25.16% in the week ending 24^th April. Reversing a 17.50% gain from the previous week, Litecoin ended the week at $225.30.

A mixed start to the week saw Litecoin rise to a Sunday intraweek high $305.33 before hitting reverse.

Falling short of the first major resistance level at $344, Litecoin slid to a Friday intraweek low $207.10.

Litecoin fell through the 23.6% FIB of $262, the first major support level at $249, and the 38.2% FIB of $217.

Steering clear of sub-$200 levels, Litecoin broke back through the 38.2% FIB to end the week at $225 levels.

7 days in the red that included an 8.93% slide last Sunday delivered the downside for the week.

For the week ahead

Litecoin would need to move through the $246 pivot to bring the first major resistance level at $285 into play.

Support from the broader market would be needed, however, for Litecoin to break out from 23.6% FIB of $262.

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

In the event of an extended breakout, Litecoin could test resistance at $350 before any pullback. The second major resistance level sits at $344.

Failure to move through the $246 pivot would bring the 38.2% FIB of $217 and the first major support level at $187 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $148.

At the time of writing, Litecoin was up by 0.72% to $226.93. A mixed start to the week on Sunday saw Litecoin fall to an early morning low $223.26 before rising to a high $231.67.

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

Tron’s TRX

Tron’s TRX tumbled by 33.95% in the week ending 24^th April. Reversing a 22.73% jump from the previous week, Tron’s TRX ended the week at $0.1027.

A mixed start to the week saw Tron’s TRX rise to a Sunday intraweek high $0.1577 before hitting reverse.

Falling short of the first major resistance level at $0.1875, Tron’s TRX slid to a Friday intraweek low $0.08798.

The sell-off saw Tron’s TRX fall through the 23.6% FIB of $0.1426, the first major support level at $0.1203, and the 38.2% FIB of $0.1167.

Steering clear of the second major support level at $0.08517, Tron’s TRX revisited $0.11 levels before ending the week at sub-$0.11 levels.

The 38.2% FIB of $0.1167 pinned Tron’s TRX back at the end of the week.

6 days in the red that included a 7.7% fall on Sunday, a 9.19% slide on Monday, and an 11.08% tumble on Thursday delivered the downside.

For the week ahead

Tron’s TRX would need to move through the $0.1161 pivot and 38.2% FIB of $0.1167 to support a run at the first major resistance level at $0.1443.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the 23.6% FIB of $0.1426.

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 tests resistance at $0.17 before any pullback. The second major resistance level sits at $0.1859.

Failure to move back through the $0.1161 pivot would bring the first major support level at $0.07455 and the 62% FIB of $0.0748 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.070 levels. The second major support level sits at $0.04641.

At the time of writing, Tron’s TRX was up by 1.79% to $0.1046. A mixed start to the week saw Tron’s TRX fall to an early Sunday low $0.1016 before rising to a high $0.1070.

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

April 22, 2021April 22, 2021

The Crypto Daily – Movers and Shakers – April 22nd, 2021

Bitcoin, BTC to USD, slid by 4.77% on Wednesday. Reversing a 1.53% gain from Tuesday, Bitcoin ended the day at $53,780.0.

A bullish start to the day saw Bitcoin rise to a late morning intraday high $56,790.0 before hitting reverse.

Falling short of the first major resistance level at $57,935, Bitcoin slid to a late intraday low $53,609.0.

The sell-off saw Bitcoin fall through the first major support level at $54,173 to end the day at $53,700 levels.

The near-term bullish trend remained intact in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 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.

Crypto.com Coin, (+5.19%), Ethereum (+1.07%), and Polkadot (+0.06%) bucked the trend on the day.

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

Binance Coin (-7.38%), Chainlink (-6.76%), and Ripple’s XRP (-6.95%) led the way down.

Bitcoin Cash SV (-1.22%), Cardano’s ADA (-5.11%), and Litecoin (-1.18%) also struggled, however.

In the current week, the crypto total market rose to a Monday high $2,100bn before sliding to a Tuesday low $1,839bn. At the time of writing, the total market cap stood at $1,954bn.

Bitcoin’s dominance rose to a Tuesday high 54.32% before falling to a Wednesday low 50.74%. At the time of writing, Bitcoin’s dominance stood at 51.58%.

This Morning

At the time of writing, Bitcoin was up by 0.34% to $53,964.0. A mixed start to the day saw Bitcoin fall to an early morning low $53,225.0 before rising to a high $54,158.0.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin (-4.83%) and Cardano’s ADA (-0.12%) saw red to buck the trend early on.

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

At the time of writing, Ethereum was up by 1.14% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $54,726 to bring the first major resistance level at $55,844 into play.

Support from the broader market would be needed for Bitcoin to break out from $55,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $56,000 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 $57,907.

Failure to move through the $54,726 pivot would bring the first major support level at $52,663 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$50,000 levels. The second major support level at $51,545 should limit the downside.

April 21, 2021

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

Binance Coin Price Resistance

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

A mixed start to the week, however, saw Binance Coin slide to a Sunday current week low $416.04 before making a move.

The sell-off saw Binance Coin fall through the 23.6% FIB of $494 and the first major support level at $428.

Finding late support on Sunday, however, and through Monday and Tuesday, Binance Coin struck a Tuesday high $594.80.

While breaking back through the first major support level and 23.6% FIB, Binance Coin fell short of the first major resistance level at $623.

For the current week, Sunday through Tuesday, Binance Coin was up by 14.16% to $587.63.

2 days in the green that included an 16.49% rally on Tuesday delivered the early upside. A 6.24% slide on Sunday limited the upside, however.

The near-term bullish trend remained intact supported by the current week gain. For the bears, a sustained fall through the 62% FIB of $250 would form a near-term bearish trend.

It has been a particularly bullish start to the year, with Binance Coin up by 1,469%.

At the time of writing, Binance Coin was up by 0.75 % to $592.02. A mixed start to the day on Wednesday saw Binance Coin fall to an early Wednesday low $569.78 before rising to a high $607.44.

Binance Coin briefly fell back through the first major resistance level at $548.

For the remainder of the week

Binance Coin would need to avoid a fall back through the pivot at $536 to bring the first major resistance level at $623 back into play.

Barring an extended rally going into the weekend, the first major resistance level and last week’s high $643.66 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $700 before any pullback. The second major resistance level sits at $731.

Failure to avoid a fall back through the $536 pivot would bring the 23.6% FIB of $494 into play.

Barring another extended sell-off going into the weekend, however, Binance Coin should steer of the first major support level at $428.

Looking at the Technical Indicators

Major Support Level: $428

Major Resistance Level: $623

23.6% FIB Retracement Level: $494

38.2% FIB Retracement Level: $400

62% FIB Retracement Level: $250