Month: July 2019

Binance Coin

Binance Coin tumbled by 11.04% in the week ending 27^th July. Following on from a 1.27% fall from the previous week, Binance Coin ended the week at $27.73.

A choppy start to the week saw Binance Coin fall by 2.1% on Sunday before bouncing back to a Monday intraweek high $33.13.

Falling well short of the first major resistance level at $35.07, Binance Coin slid to a Saturday intraweek low $26.70.

Whilst steering clear of the first major support level at $25.43, Binance Coin fell through the 38.2% FIB of $28.0.

4-days in the red through the week did the damage, with a 1.17% gain on Monday the largest upswing in the week.

For the week ahead

A move through to $29.20 levels would support a run at the first major resistance level at $31.67 later in the week.

Binance Coin would need the support of the broader market, however, to break out from the 38.2% FIB of $28.

Barring a broad-based crypto rebound, the 38.2% FIB and first major resistance level would likely limit any upside on the week.

Failure to move through to $29.2 levels could see Binance Coin lose more ground in the week. A fall through last week’s low $26.7 would bring the first major support level at $25.24 into play.

Barring an extended crypto sell-off in the week, Binance Coin should steer clear of the second major support level at $22.76.

At the time of writing, Binance Coin was down by 0.71% to $27.54.

EOS

EOS fell by 0.91% in the week ending 27^th July. Following on from an 8.98% slide from the previous week, EOS ended the week at $4.2649.

A mixed start to the week saw EOS reverse minor gains from Sunday to fall to a Monday intraweek low $3.9342.

Steering well clear of the first major support level at $3.4871, EOS bounced back to a Saturday intraweek high $4.7753.

In spite of 4-days in the green for the week, a particularly bearish Saturday left EOS in the red for the week. After striking an intraweek high in the early hours of Saturday, EOS tumbled by 7.8% on the day.

For the week ahead

Holding above $4.13 levels would support a run at the first major resistance level at $4.8623.

EOS would need the support of the broader market, however, to break out from last week’s high $4.7257.

Barring a broad-based crypto rally, EOS would likely fall short of $5.00 levels for a 3^rd consecutive week.

In the event of a crypto rebound, the second major resistance level at $5.4598 would likely limit the upside on the week.

Failure to hold onto $4.13 levels would bring sub $4.00 levels back into play.

Barring a crypto meltdown, the first major support level at $3.5308 and last week’s low $3.3942 should limit any downside on the week.

In the event of a crypto meltdown, EOS could test the second major support level at $2.7968 before any recovery.

At the time of writing, EOS was up by 0.44% to $4.2837.

Ethereum

Ethereum slid by 9.50% in the week ending 27^th July. Following on from a 14.91% tumble from the previous week, Ethereum ended the week at $207.11.

Another bearish week saw Ethereum fall from a Sunday intraweek high $229.85 to a Wednesday intraweek low $200.5.

Falling well short of the first major resistance level at $269.24, Ethereum tested support at $200 before recovering to $220 levels.

A particularly bearish end to the week saw Ethereum slide back to $202 levels on Saturday before wrapping up the week at $207 levels.

Ethereum steered well clear of the first major support level at $189.33 in spite of the reversal.

Of greater significance was a hold onto $200 levels…

For the week ahead

A move through to $213 levels in the early part of the week would support a run at the first major resistance level at $224.47.

Ethereum would need the support of the broader market, however, to take a run at the 23.6% FIB of $257.

Barring a broad-based crypto rebound, Ethereum would likely fall well short of $300 levels for a 3^rd consecutive week.

The second major resistance level at $241.84 and 23.6% FIB of $257 would likely limit any upside on the week.

Failure to move through to $213 levels could see Ethereum take another weekly loss.

A fall back through to last week’s low $200.5 would bring the first major support level at $195.12 into play.

Barring a crypto meltdown, Ethereum should steer clear of sub-$190 support levels on the week.

At the time of writing, Ethereum was up by 1.36% to $209.93.

Binance Coin

Binance Coin fell by 1.27% in the week ending 20^th July. Following on from a 2.99% fall from the previous week, Binance Coin ended the week at $31.13.

A particularly bearish start to the week saw Binance Coin slide to a Wednesday intraweek low $23.67 before finding support.

The reversal saw Binance Coin slide through the 38.2% FIB of $28 and first major support level at $26.76.

Recovering through the 2^nd half of the week, Binance Coin bounced back to a Thursday intraweek high $33.31 before easing back.

While breaking back through the 38.2% FIB of $28, Binance Coin fell well short of the first major resistance level at $36.61.

In spite of 4 consecutive days in the green to end the week, Binance Coin failed to close out the week in positive territory.

For the week ahead

Holding onto $30 levels through the early part of the week would support a move through to last week’s high $33.31.

Binance Coin would need the support of the broader market, however, to take a run at the first major resistance level at $35.07.

Barring a broad-based crypto rally, however, Binance Coin would likely struggle at the 23.6% FIB of $34.

Failure to hold onto $30 levels could see Binance Coin face more losses in the week ahead.

A fall through $29.40 would bring the 38.2% FIB of $28 into play before any recovery.

Barring a crypto meltdown, we would expect Binance Coin to steer clear of the first major support level at $25.43.

In the event of a crypto meltdown, the Binance Coin could revisit $23 levels before any recovery.

At the time of writing, Binance Coin was down by 0.89% to $30.85.

EOS

EOS slid by 8.98% in the week ending 20^th July. Following on from an 18.06% tumble from the previous week, EOS ended the week at $4.3070.

Tracking the broader market through the early part of the week, EOS slid from a Sunday intraweek high $4.7527 to a Tuesday intraweek low $3.30.

Falling well short of the major resistance levels, EOS slid through the first major support level at $4.0167.

The second major support level at $3.2980 limited the downside on the week.

Finding support through the 2^nd half of the week, EOS managed to recover to $4.48 levels on Saturday before easing back.

For the week ahead

Holding onto $4.20 levels through the early part of the week would support a run at the first major resistance level at $4.9398.

EOS would need the support of the broader market, however, to break out from last week’s high $4.7527.

Barring a broad-based crypto rally, EOS would likely fall short of $5.00 levels for a 2^nd consecutive week.

In the event of a crypto rebound, the second major resistance level at $5.5726 would likely limit any upside on the week.

Failure to hold onto $4.2 levels would bring sub $4.00 levels back into play.

Barring a crypto meltdown, the first major support level at $3.4871 should limit any downside on the week.

In the event of a crypto meltdown, EOS could test sub-$3.00 support levels before any recovery.

At the time of writing, EOS was down 3.01% to $4.1775.

Ethereum

Ethereum tumbled by 14.91% in the week ending 20^th July. Following on from a 6.45% slide from the previous week, Ethereum ended the week at $228.89.

A particularly bearish start to the week saw Ethereum slide to an intraweek low $190.11. The sell-off saw Ethereum fall through the first major support level at $247.54 and second major support level at $226.04.

Of greater significance was a fall through the 23.6% FIB of $257 to Tuesday’s intraweek low.

Finding support through the 2^nd half of the week, Ethereum managed to move back to $236 levels before easing back.

In spite of the partial recovery, Ethereum failed to move back through the 23.6% FIB of $257.

For the week ahead

A move through to $230 levels in the early part of the week would support a run at the 23.6% FIB of $257.

Ethereum would need the support of the broader market, however, to take a run at the first major resistance level at $269.24.

Barring a broad-based crypto rally, Ethereum would likely fall well short of $300 levels for a 2^nd consecutive week.

Failure to move through to $230 levels could see Ethereum take another weekly loss.

A fall back through to sub-$200 levels would bring the first major support level at $189.33 into play.

Barring a crypto meltdown, Ethereum should steer clear of sub-$180 support levels on the week.

At the time of writing, Ethereum was down by 1.35% to $225.80.

Binance Coin

Binance Coin fell by 2.99% in the week ending 13^th July. Following on from an 8.14% tumble from the previous week, Binance Coin ended the week at $31.52.

A bullish start to the week saw Binance Coin rise to a Monday intraweek high $36.95 before hitting reverse.

The bullish start to the week saw Binance Coin break through the 23.6% FIB of $34 and first major resistance level at $35.67.

Following 2 consecutive days in the green, 3 consecutive days in the red saw Binance Coin fall to a Thursday intraweek low $27.10.

The reversal saw Binance Coin fall through the first major support level at $29.61 and 38.2% FIB of $28.

Binance managed to bounce back to $34 levels on Friday before a Saturday 1.59% fall back to $31 levels.

For the week ahead

A move back through to $31.8 levels would support a bullish first half of the week. Binance Coin would need to move through to $33 levels to bring the first major resistance level at $36.61 into play.

Binance Coin would need the support of the market, however, to break through the 23.6% FIB of $34.

Barring a broad-based crypto rally, last week’s high $36.95 and the first major resistance level would limit any upside.

Failure to move back through to $31.8 levels could see Binance Coin face heavier losses in the week ahead.

A fall through to sub-$30 levels would bring the 38.2% FIB of $28 into play before any recovery.

Barring a crypto meltdown, we would expect Binance Coin to steer clear of the first major support level at $26.76.

At the time of writing, Binance Coin was down by 1.76% to $30.97.

EOS

EOS tumbled by 18.06% in the week ending 13^th July. Following on from an 8.73% fall from the previous week, EOS ended the week at $4.7355.

A bullish start to the week saw EOS rise to a Monday intraweek high $6.06 before hitting reverse.

In spite of 2 consecutive days in the green, EOS came up short of the first major resistance level at $6.2620.

A mid-week reversal saw EOS slide to a Thursday intraweek low $4.3196 before finding support. EOS fell through the first major support level at $5.4271 and second major support level at $5.0784.

In spite of a day in the green on Friday, EOS failed to recover to $5.00 levels by the end of the week.

For the week ahead

A move through to $5.00 levels would support a run at the week’s first major resistance level at $5.7571

EOS would need the support of the broader market, however, to break out from $5.00 levels on the week.

In the event of a broad-based crypto rally, EOS could break through last week’s high $6.06 to take a run at the 23.6% FIB of $6.62.

Barring a broad-based rally, last week’s high would likely cap any upside on the week.

Failure to move through to $5.00 levels would bring the first major support level at $4.0167 into play.

Barring a crypto meltdown EOS should steer clear of sub-$4.00 support levels on the week.

At the time of writing, EOS was up 1.37% to $4.6707.

Ethereum

Ethereum fell by 6.45% in the week ending 13^th July. Following on from a 9.3% slide from the previous week, Ethereum ended the week at $269.04.

A bullish start to the week saw Ethereum rise to a Monday intraweek high $315 before hitting reverse.

Coming up short of the first major resistance level at $317.31, Ethereum tumbled to a Thursday intraweek low $261.57.

The sell-off saw Ethereum fall through the first major support level at $264.12 before recovering to $270 levels on Friday. A bearish end to the week left Ethereum at sub-$270 levels.

In spite of the reversal, Ethereum managed to hold above the 23.6% FIB of $257.

For the week ahead

A move through to $283 levels would support a return to $300 levels. Ethereum would need the support of the broader market, however, to take a run at the first major resistance level at $304.57.

Barring a broad-based crypto rally, Ethereum would likely come up short of $300 levels on the week.

In the event of a crypto rebound, Ethereum could take a run at last week’s high $318.6.

Failure to move through to $283 levels could see Ethereum give up more ground in the week. A fall through 23.6% FIB of $257 would bring the first major support level at $247.54 into play before any recovery.

Barring a crypto meltdown, Ethereum should steer clear of sub-$240 levels on the week.

At the time of writing, Ethereum was down by 1.09% to $266.11.