Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 31/01/21

Bitcoin and Litecoin over dollar banknotes.

Binance Coin

Binance Coin rose by 9.60% in the week ending 30th January. Reversing a 5.01% fall from the previous week, Binance Coin ended the week at $44.85.

Recovering from a Sunday low $39.09, Binance Coin rose to a Monday high $45.77 before hitting reverse.

Falling short of the first major resistance level at $48.39, Binance Coin fell to a Friday intraweek low $36.36.

While steering clear of the first major support level at $34.10, Binance Coin fell through the 23.6% FIB of $38.9.

A bounce back on Friday saw Binance Coin strike an intraweek high and a new swing hi $51.11.

Binance Coin broke back through the 23.6% FIB and through the first major resistance level at $48.39 before hitting reverse.

The reversal saw Binance Coin fall back through the first major resistance level to end the week at sub-$45 levels.

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 $44.11 pivot to bring the first major resistance level at $51.85 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s new swing hi $51.11.

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

In the event of an extended crypto rally, could test resistance at $60 before any pullback. The second major resistance level sits at $58.86.

Failure to avoid a fall through the $44.11 pivot would bring the 23.6% FIB of $40.6 and the first major support level at $37.10 and into play.

Barring a crypto sell-off, Binance Coin should steer well clear of the second major support level at $29.36. The 38.2% FIB of $34.0 should limit the downside.

At the time of writing, Binance Coin was up by 0.30% to $44.98. A mixed start to the week saw Binance Coin fall to an early Sunday low $44.20 before striking a high $45.66.

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

BNBUSD 310121 Daily Chart

Litecoin

Litecoin fell by 3.03% in the week ending 30th January. Following on from a 4.05% decline from the previous week, Litecoin ended the week at $133.61.

It was a bullish start to the week. Litecoin rose to a Monday intraweek high $147.69 before hitting reverse.

While falling short of the first major resistance level at $161.90, Litecoin came up against the 23.6% FIB of $148.

The reversal saw Litecoin slide to a Wednesday intraweek low $118.00.

While falling through the 38.2% FIB of $125, Litecoin steered clear of the first major support level at $117.94.

Finding support late in the week, Litecoin revisited $145 levels before falling back to end the week at $133 levels.

4 days in the red that included a 9.02% slump on Wednesday delivered the downside.

For the week ahead

Litecoin would need to move back through the $133.10 pivot to bring the 23.6% FIB of $148 and the first major resistance level at $148.20 into play.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $147.69.

Barring an extended crypto rally, the first major resistance level and resistance at $150 would likely limit any upside.

In the event of an extended breakout, Litecoin could test resistance at $160 before any pullback. The second major resistance level sits at $162.79.

Failure to move back through the $133.10 pivot would bring the 38.2% FIB of $125 and the first major support level at $118.51 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$110 levels. The second major support level sits at $103.41.

At the time of writing, Litecoin was down by 1.05% to $137.37. A mixed start to the week saw Litecoin rise to an early Sunday high $133.62 before falling to a low $131.52.

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

LTCUSD 310121 Daily Chart

Tron’s TRX

Tron’s TRX rose by 8.09% in the week ending 30th January. Reversing a 2.31% fall from the week prior, Tron’s TRX ended the week at $0.03192.

It was a mixed week. Tron’s TRX rose to a Monday high $0.03454 before hitting reverse.

The early rally saw Tron’s TRX break through the first major resistance level at $0.03376, before sliding to a Friday intraweek low $0.02592.

Tron’s TRX fell back through the first major resistance level and through the 23.6% FIB of $0.0291 before making a move.

Steering clear of the first major support level at $0.02491, Tron’s TRX surged to a Friday intraweek high $0.04905.

Tron’s TRX broke back through the 23.6% FIB and broke through the week’s major resistance levels.

More significantly, Tron’s TRX also broke through the 38.2% FIB of $0.0428 before sliding back to end the week at $0.031 levels.

The pullback saw Tron’s TRX fall back through week’s major resistance levels and also back through the 38.2% FIB.

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

For the week ahead

Tron’s TRX would need to move through the $0.03563 pivot to support a run at the first major resistance level at $0.04534

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

Barring a broad-based crypto rally, the 38.2% FIB of $0.0428 and the first major resistance level would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at last week’s high $0.04905 and resistance at $0.050 before any pullback. The second major resistance level sits at $0.05877.

Failure to move through the $0.03563 pivot would bring the 23.6% FIB of $0.0291 and the first major support level at $0.02220 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of sub-$0.020 levels. The second major support level sits at $0.01249.

At the time of writing, Tron’s TRX was down by 0.87% to $0.03164. A mixed start to the week saw Tron’s TRX rise to an early Sunday morning high $0.03232 before falling to a low $0.03116.

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

TRXUSD 310121 Daily Chart

The Crypto Daily – Movers and Shakers – January 28th, 2021

crypto currency mining concept

Bitcoin, BTC to USD, slid by 6.45% on Wednesday. Reversing a 0.83% gain from Tuesday, Bitcoin ended the day at $30,421.2.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $32,596.0 before hitting reverse.

Falling short of the 23.6% FIB of $33,008 and the major resistance levels, Bitcoin slid to an early afternoon intraday low $29,283.0.

The reversal saw Bitcoin fall through the first major support level at $31,267 and the second major support level at $30,015.

Finding late support, Bitcoin briefly revisited $31,600 levels before falling back through the first major support level at $31,267 to end the day at sub-$30,500 levels.

The near-term bullish trend remained intact, in spite of the latest sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 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.

Ethereum (-9.28%), Cardano’s ADA, (-9.14%), Chainlink (-8.82%), and Litecoin (-9.08%) led the way down

Binance Coin  (-2.15%), Bitcoin Cash SV (-5.94%), Crypto.com Coin (-5.86%), Polkadot (-3.43%), and Ripple’s XRP (-6.51%) also struggled, however.

In the current week, the crypto total market cap rose to a Monday high $1,038.16bn before falling to a Wednesday low $847.51bn. At the time of writing, the total market cap stood at $907.63bn.

Bitcoin’s dominance rose from a Monday low 62.54% to a high 64.32%. At the time of writing, Bitcoin’s dominance stood at 63.75%.

This Morning

At the time of writing, Bitcoin was up by 2.20% to $31,090.0. A mixed start to the day saw Bitcoin fall to an early morning low $29,918.0 before rising to a high $31,310.0.

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

Elsewhere, it was a bullish start to the day.

At the time of writing, Chainlink was up by 3.91% to lead the way.

BTCUSD 280121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $30,767 to bring the first major resistance level at $32,251 into play.

Support from the broader market would be needed for Bitcoin to break back through $32,000 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $32,500 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the 23.6% FIB of $33,008 before any pullback. The second major resistance level sits at $34,080.

Failure to avoid a fall back through the $30,767 pivot would bring the first major support level at $28,938 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of the 38.2% FIB of $27,465. The second major support level sits at $27,454.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 27/01/21

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

Binance Coin Price Resistance

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

Recovering from a Sunday low $39.09, Binance Coin rose to a Monday current week high $45.77 before hitting reverse.

Falling short of the first major resistance level at $48.39, Binance Coin fell to a Tuesday current week low $38.90.

While steering clear of the first major support level at $34.10, Binance Coin found support at the 23.6% FIB of $38.9.

Recovering from early losses on Tuesday, Binance Coin broke back through to $41 levels to return to positive territory.

For the current week, Sunday through Tuesday, Binance Coin was up by 2.35% to $41.88.

2 days in the green from 3 that included a 2.28% gain on Sunday delivered the upside.

The near-term bullish trend remained intact, supported by last Monday new swing hi $48.98. For the bears, a fall through the 62% FIB of $22.7 would form a near-term bearish trend.

It has also been a bullish start to the year, with Binance Coin up by 11.80%.

At the time of writing, Binance Coin was down by 0.78% to $41.55. A mixed start to the day on Wednesday saw Binance Coin fall to an early Wednesday morning low $40.90 before rising to a high $42.39.

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

BNBUSD 270121 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through $41.54 pivot to bring the first major resistance level at $48.39 back into play.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $45.77.

Barring an extended crypto rally, the first major resistance level and resistance at $50 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $55 before any pullback. The third major resistance level sits at $55.83.

Failure to avoid a fall back through $41.54 pivot would bring the 23.6% FIB of $38.9 and the first major support level at $34.10 into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer clear of the 38.2% FIB of $32.7. The second major support level sits at $27.25.

Looking at the Technical Indicators

Major Support Level: $34.10

Major Resistance Level: $48.39

23.6% FIB Retracement Level: $38.9

38.2% FIB Retracement Level: $32.7

62% FIB Retracement Level: $22.7

The Crypto Daily – Movers and Shakers – January 26th, 2021

crypto currency mining concept

Bitcoin, BTC to USD, fell by 0.13% on Monday. Partially reversing a 0.69% gain from Sunday, Bitcoin ended the day at $32,285.0.

A bullish start to the day saw Bitcoin rally to an early afternoon intraday high $34,918.0 before hitting reverse.

Bitcoin broke through the 23.6% FIB of $33,008 and the first major resistance level at $33,256.

Coming up short of the second major resistance level at $34,331, Bitcoin slid to a late intraday low $31,966.0.

While Steering clear of the first major support level at $31,163, Bitcoin fell back through the 23.6% FIB.

Finding late support, Bitcoin briefly revisited $32,500 levels before falling back into the red.

The near-term bullish trend remained intact, in spite of the latest sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 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 and Crypto.com Coin rose by 1.56% and by 3.17% respectively to buck the trend on the day.

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

Chainlink (-5.72%), Ethereum (-5.46%), and Polkadot (-4.28%) led the way down.

Binance Coin  (-0.18%), Cardano’s ADA (-3.00%), Litecoin (-2.86%), and Ripple’s XRP (-2.13%) also joined Bitcoin in the red.

At the start of the week, the crypto total market cap rose to a Monday high $1,038.16bn before falling to a Monday low $924.19bn. At the time of writing, the total market cap stood at $951.42bn.

Bitcoin’s dominance rose from a Monday low 62.54% to a high 64.32%. At the time of writing, Bitcoin’s dominance stood at 63.64%.

This Morning

At the time of writing, Bitcoin was up by 0.68% to $32,504.0. A mixed start to the day saw Bitcoin fall to an early morning low $31,768.9 before rising to a high $32,700.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV and Crypto.com Coin bucked the trend early on, with losses of 1.54% and 5.07% respectively.

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

At the time of writing, Ethereum was up by 3.03% to lead the way.

BTCUSD 260121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the 23.6% FIB of $33,008 and the pivot level at $33,056 to bring the first major resistance level at $34,147 into play.

Support from the broader market would be needed for Bitcoin to break back through to $34,000 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $34,918.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $37,000 before any pullback. The second major resistance level sits at $36,008.

Failure to move through the 23.6% FIB and the $33,056 pivot would bring the first major support level at $31,195 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of the second major support level at $30,104.

 

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 24/01/21

Crypto00 567

Binance Coin

Binance Coin fell by 5.01% in the week ending 23rd January. Following on from a 2.11% fall from the previous week, Binance Coin ended the week at $40.95.

It was a mixed start to the week. Binance Coin rose to a Monday intraweek high and a new swing hi $48.98 before hitting reverse.

Falling short of the first major resistance level at $49.53, Binance Coin slid to a Friday intraweek low $34.69.

The sell-off saw Binance Coin fall the 23.6% FIB of $38.9 before making a partial recovery.

Coming within range of the first major support level at $34.54, Binance Coin broke back through the 23.6% FIB to end the week at $40 levels.

3 days in the red that included a 9.43% sell-off on Thursday delivered the downside for the week.

For the week ahead

Binance Coin would need to move through the $41.54 pivot to bring the first major resistance level at $48.39 into play.

Support from the broader market would be needed for Binance Coin to break out from $45 levels.

Barring an extended crypto rally, the first major resistance level and last week’s high $40.98 would likely limit any upside in the week.

In the event of an extended crypto rally, could test resistance at $55 before any pullback. The second major resistance level sits at $55.83.

Failure to move through the $41.54 pivot would bring the 23.6% FIB of $38.4 and the first major support level at $34.10 and into play.

Barring a crypto sell-off, Binance Coin should steer well clear of the second major support level at $27.25. The 38.2% FIB of $32.3 should limit the downside.

At the time of writing, Binance Coin was down by 0.45% to $40.76. A mixed start to the week saw Binance Coin fall to an early Sunday low $40.33 before striking a high $41.10.

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

BNBUSD 240121 Daily Chart

Litecoin

Litecoin fell by 4.05% in the week ending 23rd January. Following on from a 19.34% tumble from the previous week, Litecoin ended the week at $137.76.

It was a mixed start to the week. Litecoin slipped to a Sunday low $136.29 before making a move.

Steering clear of the major support levels, Litecoin rallied to a Tuesday intraweek high $166.21.

While falling short of the first major resistance level at $182.88, Litecoin broke through the 23.6% FIB of $148.

A sell-off mid-week, however, saw Litecoin tumble to a Friday intraweek low $122.25.

While steering clear of the first major support level at $107.58, Litecoin fell through the 23.6% FIB of $148 and the 38.2% FIB of $125.

Finding support late in the week, Litecoin broke back through the 38.2% FIB to end the week at $137 levels.

3 days in the red that included an 13.37% slump on Thursday delivered the downside.

For the week ahead

Litecoin would need to move through the $142.07 pivot and the 23.6% FIB of $148 to support a run at the first major resistance level at $161.90.

Support from the broader market would be needed, however, for Litecoin to break back through to $160 levels.

Barring an extended crypto rally, the first major resistance level and last week’s high $166.21 would likely limit any upside.

In the event of an extended breakout, Litecoin could test resistance at $180 before any pullback. The second major resistance level sits at $186.03.

Failure to move through the $142.07 pivot and the 23.6% FIB would bring the 38.2% FIB of $125 and the first major support level at $117.94 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$100 levels. The second major support level sits at $98.11.

At the time of writing, Litecoin was down by 0.28% to $137.37. A mixed start to the week saw Litecoin fall to an early Sunday low $136.34 before striking a high $138.51.

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

LTCUSD 240121 Daily Chart

Tron’s TRX

Tron’s TRX fell by 2.31% in the week ending 23rd January. Following on from an 11.58% slide in the week prior, Tron’s TRX ended the week at $0.02955.

It was a mixed week. Tron’s TRX rallied to a Tuesday intraweek high $0.03333 before hitting reverse.

While falling short of the first major resistance level at $0.03724, Tron’s TRX broke through the 23.6% FIB of $0.0291.

The reversal saw Tron’s TRX slide back through the 23.6% FIB to a Friday intraweek low $0.02448.

Steering clear of the first major support level at $0.02373, Tron’s TRX broke back through the 23.6% FIB to wrap up the week at $0.0295 levels.

3 days in the red that included an 8.07% slide on Thursday delivered the downside for the week.

For the week ahead

Tron’s TRX would need to avoid a fall back through the 23.6% FIB of $0.0291 and the $0.02912 pivot to support a run at the first major resistance level at $0.03376.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.033 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $0.03333 would likely cap any upside.

In the event of an extended rally, the second major resistance level at $0.03797 and resistance at $0.040 would likely come into play.

Failure to avoid a fall back through the $0.02912 pivot and the 23.6% FIB would bring the first major support level at $0.02491 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.02027.

At the time of writing, Tron’s TRX was up by 2.59% to $0.03031. A mixed start to the week saw Tron’s TRX fall to an early Sunday low $0.02882 before striking a high $0.03081.

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

TRXUSD 240121 Daily Chart

The Crypto Daily – Movers and Shakers – January 21st, 2021

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin, BTC to USD, fell by 1.04% on Wednesday. Following on from a 2.17% decline on Tuesday, Bitcoin ended the day at $35,516.0.

It was a mixed start to the day. Bitcoin rose to an early morning high $36,422.0 before hitting reverse.

Falling short of the first major resistance level at $37,263, Bitcoin slid to a late afternoon intraday low $33,303.0.

Bitcoin fell through the first major support level at $35,190 and the second major support level at $34,490.

Steering clear of the 23.6% FIB of $33,008, Bitcoin broke back through the support levels to end the day at $35,500 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 $18,504 to form a near-term bearish trend.

The Rest of the Pack

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

Bitcoin Cash SV and Crypto.com Coin slid by 3.47% and by 5.35% to lead the way down.

Litecoin fell by a more modest 1.40% to also join Bitcoin in the red.

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

Polkadot jumped by 10.91% to lead the way, with Chainlink (+6.39%) also finding strong support.

Binance Coin  (+0.08%), Cardano’s ADA (+2.21%), Ethereum (+0.67), and Ripple’s XRP (+0.40%) also ended the day in the green.

In the current week, the crypto total market cap fell to a Monday low $958.80bn before rising to a Tuesday high $1,080.72bn. At the time of writing, the total market cap stood at $1,005.35bn.

Bitcoin’s dominance rose to a Monday high 67.47% before falling to a Wednesday low 65.02%. At the time of writing, Bitcoin’s dominance stood at 65.29%.

This Morning

At the time of writing, Bitcoin was down by 0.61% to $35,300.0. A mixed start to the day saw Bitcoin rise to an early morning high $35,616.0 before falling to a low $35,183.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV and Crypto.com Coin bucked the trend early on, with gains of 1.44% and 4.40% respectively.

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

At the time of writing, Polkadot was down by 1.93% to lead the way down.

BTCUSD 210121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $35,080 to bring the first major resistance level at $36,858 into play.

Support from the broader market would be needed for Bitcoin to break out from Wednesday’s high $36,422.0.

Barring an extended crypto rally, first major resistance level and resistance at $37,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $40,000 before any pullback. The second major resistance level sits at $38,199.

Failure to avoid a fall through the $35,080 pivot would bring the first major support level at $35,759 into play.

Barring an extended crypto sell-off, Bitcoin should avoid the second major support level at $31,961 The 23.6% FIB of $33,008 should limit the downside.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 20/01/21

Closeup hand holding bitcoin over the Cryptocurrency trading scr

Binance Coin Price Resistance

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

Binance Coin fell to a Sunday current week low $40.02 before making a move.

Steering clear of the first major support level at $34.54, Binance Coin rallied to a Monday current week high and a new swing hi $48.98.

Coming up short of the first major resistance level at $49.53, however, Binance Coin fell back to $41 levels before finding support.

For the current week, Sunday through Tuesday, Binance Coin was down by 1.23% to $42.58.

2 days in the red from 3 that included a 6.05% slide on Tuesday delivered the downside. The Tuesday sell-off reversed a 6.38% breakout from Sunday.

The near-term bullish trend remained intact, supported by the Monday new swing hi $48.98. For the bears, a fall through the 62% FIB of $22.7 would form a near-term bearish trend.

It has been a bullish start to the year, with Binance Coin up by 13.7%.

At the time of writing, Binance Coin was down by 1.17% to $42.08. A mixed start to the day on Wednesday saw Binance Coin rise to an early Wednesday morning high $43.25 before falling to a low $41.45.

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

BNBUSD 200121 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through $40.98 pivot to bring the first major resistance level at $49.53 back into play.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $48.98.

Barring an extended crypto rally, the first major resistance level and resistance at $50 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $55 before any pullback. The third major resistance level sits at $55.97.

Failure to avoid a fall back through $40.98 pivot would bring the 23.6% FIB of $38.9 and the first major support level at $34.54 into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer clear of the 38.2% FIB of $32.7. The second major support level sits at $25.99.

Looking at the Technical Indicators

Major Support Level: $34.54

Major Resistance Level: $49.53

23.6% FIB Retracement Level: $38.9

38.2% FIB Retracement Level: $32.7

62% FIB Retracement Level: $22.7

The Crypto Daily – Movers and Shakers – January 19th, 2021

Binance is a finance exchange market. Crypto Currency background concept.

Bitcoin, BTC to USD, rose by 2.22% on Monday. Reversing a 0.38% decline from Sunday, Bitcoin ended the day at $36,699.0.

It was a mixed start to the day. Bitcoin rose to an early morning high $36,244.0 before hitting reverse.

Falling short of the first major resistance level at $37,263, Bitcoin slid to a mid-morning intraday low $34,842.0.

Steering clear of the first major support level at $34,203, however, Bitcoin rallied to a mid-day intraday high $37,555.0.

Bitcoin broke through the first major resistance level at $37,263 before a slide back to sub-$35,500 levels.

Finding late support, Bitcoin moved back through to $36,000 levels to end the day in the green.

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 $18,504 to form a near-term bearish trend.

The Rest of the Pack

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

Chainlink and Polkadot slid by 5.36% and by 4.99% respectively to lead the way down.

Binance Coin  (-1.14%) and Cardano’s ADA (-2.49%) also saw red on the day.

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

Litecoin rallied by 6.39% to lead the way.

Bitcoin Cash SV (+2.02%), Crypto.com Coin (+1.39%), Ethereum (+2.10%), and Ripple’s XRP (+2.77%) also found support.

At the start of the week, the crypto total market cap fell to a Monday low $958.83bn before rising to a high $1,049.2bn. At the time of writing, the total market cap stood at $1,016.95bn.

Bitcoin’s dominance fell to a Monday low 66.40% before rising to a Monday high 67.48%. At the time of writing, Bitcoin’s dominance stood at 66.87%.

This Morning

At the time of writing, Bitcoin was down by 0.40% to $36,551.0. A mixed start to the day saw Bitcoin rise to an early morning high $36,989.0 before falling to a low $36,545.0.

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

Elsewhere, it was a mixed start to the day.

Chainlink (-1.13%), Ethereum (-0.15%), Litecoin (-0.91%), and Ripple’s XRP (-0.21%) joined Bitcoin in the red early on.

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

At the time of writing, Crypto.com Coin was up by 5.63% to lead the way.

BTCUSD 190121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $36,365 to bring the first major resistance level at $37,889 into play.

Support from the broader market would be needed for Bitcoin to break out from Monday’s high $37,555.0.

Barring an extended crypto rally, first major resistance level and resistance at $38,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $40,000 before any pullback. The second major resistance level sits at $39,078.

Failure to avoid a fall through the $36,365 pivot would bring the first major support level at $35,176 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of the second major support level at $33,652.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 17/01/21

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin fell by 2.11% in the week ending 16th January. Partially reversing a 14.97% rally from the previous week, Binance Coin ended the week at $43.09.

It was a mixed start to the week. Binance Coin rose to a Sunday intraweek high $47.42 before hitting reverse.

Falling well short of the first major resistance level at $50.22, Binance Coin slid to a Monday intraweek low $32.43.

Binance Coin fell the first major support level at $35.82 and the 23.6% FIB of $37.00.

Finding support at the 38.2% FIB of $32.3, Binance Coin revisited $45 levels before falling back into the red.

The partial recovery saw Binance Coin break back through the 23.6% FIB to end the week at $43 levels.

3 days in the red that included a 10.00% sell-off on Monday delivered the downside for the week.

For the week ahead

Binance Coin would need to avoid a fall through the $40.98 pivot to bring the first major resistance level at $49.53 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $47.42.

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

In the event of another crypto rally, could test resistance at $55 before any pullback. The second major resistance level sits at $55.97.

Failure to avoid a fall through the $40.98 pivot would bring the 23.6% FIB of $38.4 and the first major support level at $34.54 and into play.

Barring a crypto sell-off, Binance Coin should steer well clear of the second major support level at $25.99. The 38.2% FIB of $32.3 should limit the downside.

At the time of writing, Binance Coin was up by 0.76% to $43.42. A mixed start to the week saw Binance Coin fall to an early Sunday morning low $42.29 before striking a high $44.67.

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

BNBUSD 170121 Daily Chart

Litecoin

Litecoin tumbled by 19.34% in the week ending 16th January. Partially reversing a 29.74% surge from the previous week, Litecoin ended the week at $143.5.

It was a bullish start to the week. Litecoin rallied to a Sunday intraweek high and a new swing hi $186.34 before hitting reverse.

Falling short of the first major resistance level at $194.45, Litecoin slid to a Monday intraweek low $111.04.

The sell-off saw Litecoin fall through the first major support level at $148.40 and the second major support level at $118.92.

More significantly, Litecoin also fell through the 23.6% FIB of $148 and the 38.2% FIB of $125.

Steering clear of sub-$100 support levels, however, Litecoin revisited $156 levels before easing back.

Litecoin briefly broke back through the 23.6% FIB of $148 before ending the week down at $143 levels.

5 days in the red that included an 18.08% slump on Monday delivered the downside. A 10.59% rally on Wednesday limited the damage, however.

For the week ahead

Litecoin would need to move through the $147.0 pivot and the 23.6% FIB of $148 to support a run at the first major resistance level at $182.88.

Support from the broader market would be needed, however, for Litecoin to break back through to $170 levels.

Barring an extended crypto rally, the first major resistance level and last week’s high $186.34 would likely limit any upside.

In the event of a breakout, Litecoin could test resistance at $200 before any pullback. The second major resistance level sits at $222.3.

Failure to move through the $147 pivot and the 23.6% FIB would bring the 38.2% FIB of $125 and the first major support level at $107.6 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$100 levels. The second major support level sits at $71.7.

At the time of writing, Litecoin was up by 1.05% to $145.00. A mixed start to the week saw Litecoin fall to an early Sunday morning low $141.57 before striking a high $145.90.

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

LTCUSD 170121 Daily Chart

Tron’s TRX

Tron’s TRX slid by 11.58% in the week ending 16th January. Partially reversing a 26.38% jump from the week prior, Tron’s TRX ended the week at $0.03024.

It was a mixed week. Tron’s TRX rallied to a Sunday intraweek high $0.03772 before hitting reverse.

Falling short of the first major resistance level at $0.03900, Tron’s TRX slid to a Monday intraweek low $0.02421.

The sell-off saw Tron’s TRX fall through the 23.6% FIB of $0.0291 and the first major support level at $0.02685.

Finding support mid-week, Tron’s TRX broke back through the first major support level and the 23.6% FIB.

Falling short of $0.034 levels, however, Tron’s TRX slid back to sub-$0.027 levels before ending the week at $0.030 levels.

5 days in the red that included an 11.44% slide on Monday delivered the downside for the week. A 5.99% rally on Wednesday limited the damage, however.

For the week ahead

Tron’s TRX would need to move back through the $0.03072 pivot to support a run at the first major resistance level at $0.03724.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.037 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $0.03772 would likely cap any upside.

In the event of an extended rally, the 38.2% FIB of $0.0428 and the second major resistance level at $0.04423 would likely come into play.

Failure to move back through the $0.03072 pivot would bring the 23.6% FIB of $0.0291 and the first major support level at $0.02373 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.023 levels. The second major support level sits at $0.01721.

At the time of writing, Tron’s TRX was down by 0.27% to $0.03016. A mixed start to the week on Sunday saw Tron’s TRX fall to an early morning low $0.02950 before striking a high $0.03101.

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

TRXUSD 170121 Daily Chart

The Crypto Daily – Movers and Shakers – January 14th, 2021

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

Bitcoin, BTC to USD, rallied by 9.54% on Wednesday to end a run of 4 consecutive days in the red. Reversing a 3.63% loss from Tuesday, Bitcoin ended the day at $37,358.1.

It was a mixed start to the day. Bitcoin slid to an early morning low $32,436.0 before making a move.

While steering clear of the first major support level at $32,148, Bitcoin fell through the 23.6% FIB of $33,008.

Finding early morning support, however, Bitcoin rallied to a late intraday high $37,776.0.

Bitcoin broke back through the 23.6% FIB and broke through the first major resistance level at $36,377.

Coming up short of $38,000 levels, however, Bitcoin eased back to end the day at sub-$37,500 levels.

The near-term bullish trend remained intact, in spite of the latest sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 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.

Polkadot surged by 19.97% to lead the way, with Chainlink rallying by 13.86%

Cardano’s ADA (+8.06%), Ethereum (+7.65%), and Litecoin (+10.61%) also saw solid gains.

Binance Coin (+4.88%), Bitcoin Cash SV (+5.93%), Crypto.com Coin (+3.40%), and Ripple’s XRP (+4.54%) trailed the front runners, however.

In the current week, the crypto total market cap rose to a Monday high $1,040.51 before falling to a Monday low $804.33bn. At the time of writing, the total market cap stood at $1,010.5bn.

Bitcoin’s dominance rose from a Monday low 68.39% to a Monday high 69.97%. At the time of writing, Bitcoin’s dominance stood at 69.71%.

This Morning

At the time of writing, Bitcoin was up by 1.01% to $37,734.4. A bullish start to the day saw Bitcoin rise from an early morning low $37,368.0 to a high $38,143.0.

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

Elsewhere, it was a mixed start to the day.

Litecoin and Ripple’s XRP bucked the trend early on, with losses of 0.57% and 0.62% respectively. Bitcoin Cash SV was flat.

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

At the time of writing, Polkadot was up by 4.38% to lead the way.

BTCUSD 140121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $35,857 to bring the first major resistance level at $39,277 into play.

Support from the broader market would be needed for Bitcoin to break through to $39,000 levels.

Barring an extended crypto rally, first major resistance level and resistance at $40,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test the second major resistance level at $41,197.

Failure to avoid a fall through the $35,857 pivot would bring the first major support level at $33,937 and the 23.6% FIB of $33,008 into play.

Barring another extended crypto sell-off, Bitcoin should continue to steer clear of sub-$30,000 levels. The second major support level at $30,517 should limit the downside.