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

Binance

Binance Coin Price Resistance

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

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

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

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

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

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

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

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

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

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

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

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

BNBUSD 310321 Daily Chart

For the remainder of the week

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

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

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

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

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

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

Looking at the Technical Indicators

Major Support Level: $234

Major Resistance Level: $294

23.6% FIB Retracement Level: $283

38.2% FIB Retracement Level: $230

62% FIB Retracement Level: $145

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

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

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

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

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

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

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

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

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

News Wires

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

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

The Rest of the Pack

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

Ethereum rallied by 7.64% to lead the way.

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

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

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

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

This Morning

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

Elsewhere, it was a mixed start to the day.

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

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

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

BTCUSD 300321 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

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

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin

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

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

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

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

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

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

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

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

For the week ahead

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

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

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

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

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

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

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

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

BNBUSD 280321 Daily Chart

Litecoin

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

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

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

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

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

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

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

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

For the week ahead

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

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

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

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

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

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

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

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

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

LTCUSD 280321 Daily Chart

Tron’s TRX

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

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

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

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

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

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

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

For the week ahead

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

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

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

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

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

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

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

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

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

TRXUSD 280321 Daily Chart

The Crypto Daily – Movers and Shakers – March 25th, 2021

crypto currency mining concept

Bitcoin, BTC to USD, fell by 3.72% on Wednesday. Reversing a 0.49% gain from Tuesday, Bitcoin ended the day at $52,328.0.

A mixed start to the day saw Bitcoin fall to an early morning low $53,580.0 before making a move.

Steering clear of the major support levels, Bitcoin rallied to an early afternoon intraday high $57,212.0.

Bitcoin broke through the first major resistance level at $55,735 before sliding to a late intraday low $51,522.0.

The extended sell-off saw Bitcoin fall through the first major support level at $52,825 and the second major support level at $51,313.

Steering clear of sub-$50,000 levels, Bitcoin broke back through the second major resistance level to end the day at $52,300 levels.

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

The Rest of the Pack

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

Crypto.com Coin rallied by 13.41% to buck the trend on the day.

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

Ripple’s XRP tumbled by 12.77% to lead the way down, with Chainlink and Polkadot sliding by 7.17% and by 8.20% respectively.

Binance Coin  (-2.79%), Bitcoin Cash SV (-5.14%), Cardano’s ADA (-4.33%), Ethereum (-5.19%), and Litecoin (-5.33%) also joined Bitcoin in the red.

In the current week, the crypto total market rose to a Monday high $1,802bn before sliding to a Wednesday low $1,549bn. At the time of writing, the total market cap stood at $1,592bn.

Bitcoin’s dominance fell to a Tuesday low 60.20% before rising to a Wednesday high 62.24%. At the time of writing, Bitcoin’s dominance stood at 61.49%.

This Morning

At the time of writing, Bitcoin was up by 0.04% to $52,349.0. A mixed start to the day saw Bitcoin fall to an early morning low $52,046.0 before rising to a high $52,810.2.

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

Elsewhere, it was a mixed start to the day.

Chainlink (+0.60%), Ethereum (+0.15%), Litecoin (+0.23%), and Ripple’s XRP (+0.95%) joined Bitcoin in the green.

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

At the time of writing, Crypto.com Coin was down by 8.19% to lead the way down.

BTCUSD 250321 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $53,687 to bring the first major resistance level at $55,853 into play.

Support from the broader market would be needed for Bitcoin to break back through to $55,000 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 $59,377.

Failure to move through the $53,687 pivot would bring the first major support level at $50,163 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the 23.6% FIB of $48,082. The second major support level sits at $47,997.

Binance Coin Mid-Week Analysis – Support Levels in Play – 24/03/21

Binance

Binance Coin Price Support

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

A mixed start to the week, however, saw Binance Coin rise to a Monday current week high $283.50 before hitting reverse.

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

The reversal saw Binance Coin fall to a Tuesday current week low $246.14.

Steering clear of the first major support level at $239, Binance Coin moved back through to $255 levels to reduce the deficit for the current week.

For the current week, Sunday through Tuesday, Binance Coin was down by 3.25% to $255.55.

In spite of 2 days in the green, a 3.71% fall on Monday weighed early in the week.

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

It has been a particularly bullish start to the year, with Binance Coin up by 582%.

At the time of writing, Binance Coin was down by 1.59% to $251.49. A mixed start to the day on Wednesday saw Binance Coin rise to an early morning high $257.02 before falling to a low $249.66.

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

BNBUSD 240321 Daily Chart

For the remainder of the week

Binance Coin would need to move back through the pivot level at $262 to support a run at the 23.6% FIB of $283 and the first major resistance level at $288.

Support from the broader market would be needed, however, for a Binance Coin break out from the current week high $283.50.

Barring an extended rally going into the weekend, the first major resistance level and resistance at $290 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test the second major resistance level at $311.

Failure to move back through the $262 pivot would bring the first major support level at $239 and the 38.2% FIB of $230 into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer of sub-$230 levels. The second major support level sits at $213.

Looking at the Technical Indicators

Major Support Level: $239

Major Resistance Level: $288

23.6% FIB Retracement Level: $283

38.2% FIB Retracement Level: $230

62% FIB Retracement Level: $145

The Crypto Daily – Movers and Shakers – March 23rd, 2021

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin, BTC to USD, slid by 5.70% on Monday. Following a 1.20% decline on Sunday, Bitcoin ended the day at $54,070.0.

A bearish start to the day saw Bitcoin slide to an early morning low $56,345.0.

Steering clear of the first major support level at $55,621, Bitcoin rallied to a late morning intraday high $58,525.0.

Falling short of the first major resistance level at $58,848, Bitcoin tumbled to a late intraday low $53,700.0.

The extended sell-off saw Bitcoin fall through the first major support level at $55,621 and the second major support level at $53,875.

Steering clear of sub-$53,500 levels, Bitcoin broke back through the second major support level to end the day at $54,000 levels.

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

The Rest of the Pack

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

Ripple’s XRP rallied by 5.26% to lead the way. Crypto.com Coin (+3.33%) and Polkadot (+1.74%) also bucked the trend on the day.

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

Cardano’s ADA (-7.18%), Chainlink (-6.64%), Ethereum (-5.78%), and Litecoin (+5.07%) led the way down.

Binance Coin  (-3.71%) and Bitcoin Cash SV (-1.69%) also joined Bitcoin in the red.

In the current week, the crypto total market rose to a Monday high $1,802bn before sliding to a low $1,626bn. At the time of writing, the total market cap stood at $1,672bn.

Bitcoin’s dominance rose to a Monday high 61.63% before falling to a low 60.54%. At the time of writing, Bitcoin’s dominance stood at 60.94%.

This Morning

At the time of writing, Bitcoin was up by 0.95% to $54,581.0. A mixed start to the day saw Bitcoin fall to an early morning low $53,778.0 before rising to a high $54,744.0.

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

Elsewhere, it was a mixed start to the day.

Crypyto.com Coin was down by 4.57% early on to buck the trend.

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

At the time of writing, Ripple’s XRP was up by 2.59% to lead the way.

BTCUSD 230321 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $55,432 to bring the first major resistance level at $57,163 into play.

Support from the broader market would be needed for Bitcoin to break back through to $57,000 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $58,525.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the swing hi $61,699.0. The second major resistance level sits at $60,257.

Failure to move through the $55,432 pivot would bring the first major support level at $52,338 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 $50,607 should limit the downside.

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

crypto currency mining concept

Binance Coin

Binance Coin fell by 4.23% in the week ending 20th March. Partially reversing a 21.84% breakout from the previous week, Binance Coin ended the week at $264.47.

A bearish start to the week saw Binance Coin fall to a Monday intraweek low $236.11 before making a move.

Steering clear of 38.2% FIB of $230 and the first major support level at $224, Binance Coin rallied to a Thursday intraweek high $285.24.

While falling short of the first major resistance level at $324, Binance Coin came up against the 23.6% FIB of $283.

Going into the weekend, Binance Coin eased back to $252 levels before a partial recovery to end the week at $264 levels.

3 days in the red that included a 4.56% fall on Sunday delivered the downside for the week.

For the week ahead

Binance Coin would need to avoid a fall back through the $262 pivot to bring the 23.6% FIB of $283 and the first major resistance level at $288 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from last week’s high $285.24.

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

Failure to avoid a fall through the $262 pivot would bring the first major support level at $239 and the 38.2% FIB of $230 into play.

Barring an extended sell-off, Binance Coin should steer well clear of the second major support level at $213.

At the time of writing, Binance Coin was up by 0.61% to $266.09. A mixed start to the week saw Binance Coin fall to an early Sunday low $261.09 before striking a high $268.39.

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

BNBUSD 210321 Daily Chart

Litecoin

Litecoin slid by 11.47% in the week ending 20th March. Partially reversing a 23.63% rally from the previous week, Litecoin ended the week at $200.16.

A mixed start to the week saw Litecoin rise to a Sunday intraweek high $227.94 before hitting reverse.

Falling well short of the first major resistance level at $244, Litecoin slid to a Tuesday intraweek low $191.18.

The pullback saw Litecoin fall through the 23.6% FIB of $195 and the firsts major support level at $194.

Steering clear of sub-$190, Litecoin revisited $208 levels before falling back into the red.

The 23.6% FIB and the first major support level at $194 limited the downside late in the week.

3 days in the red that included a 5.30% fall on Sunday and a 6.21% slide on Monday delivered the loss for the week.

For the week ahead

Litecoin would need to move through the $206 pivot to bring the first major resistance level at $222 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $220 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $230 would likely limit any upside.

In the event of an extended breakout, Litecoin could test the second major resistance level at $243 and February’s swing hi $247.

Failure to move through the $206 pivot would bring the 23.6% FIB of $195 and the first major support level at $185 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $170.

At the time of writing, Litecoin was up by 0.57% to $201.30. A mixed start to the week saw Litecoin fall to an early Sunday low $198.56 before rising to a high $201.95.

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

LTCUSD 210321 Daily Chart

Tron’s TRX

Tron’s TRX rallied by 14.71% in the week ending 20th March. Following on from a 5.58% gain from the week prior, Tron’s TRX ended the week at $0.06105.

A bearish start to the week saw Tron’s TRX fall to a Monday intraweek low $0.04637 before making a move.

Tron’s TRX fell through the first major support level at $0.04826 before rallying to a Saturday intraweek high $0.06895.

Tron’s TRX broke through the first major resistance level at $0.05721 and the second major resistance level at $0.06121.

More significantly, Tron’s TRX briefly broke through the 62% FIB of $0.06480 before easing back to end the week at $0.061 levels.

4 days in the green that included a 9.40% rally on Friday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid a fall through the $0.05879 pivot to support a run at the first major resistance level at $0.07121.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the 62% FIB and last week’s high $0.06895.

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

In the event of an extended rally, Tron’s TRX could test resistance at $0.080. The second major resistance level sits at $0.08137.

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

Failure to avoid a fall through the $0.05879 pivot would bring the first major support level at $0.04863 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the 38.2% FIB of $0.04280. The second major support level at $0.04863 should limit the downside.

At the time of writing, Tron’s TRX was up by 2.55% to $0.06260. A bullish start to the week saw Tron’s TRX rise from an early Sunday low $0.06013 to a high $0.06391.

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

TRXUSD 210321 Daily Chart

The Crypto Daily – Movers and Shakers – March 18th, 2021

Different cryptocurrencies in a circle with a golden bitcoin in

Bitcoin, BTC to USD, rose by 3.38% on Wednesday. Following on from a 2.24% gain from Tuesday, Bitcoin ended the day at $58,849.0.

A mixed start to the day saw Bitcoin rise to an early morning high $57,144.0 before hitting reverse.

Falling short of the first major resistance level at $58,117, Bitcoin slid to a mid-day intraday low $54,001.0.

Bitcoin fell through the first major support level at $54,383 before making a move.

Finding afternoon support, Bitcoin broke through the first major resistance level at $58,117 to strike a late intraday high $59,128.0 before easing back.

In spite of a pullback to sub-$59,000 levels, Bitcoin avoided a fall back through the first major resistance level.

The near-term bullish trend remained intact supported by last Sunday’s new swing hi $61,699.0. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

Bucking the trend on the day were Bitcoin Cash SV (-0.43%), Crypto.com Coin (-3.67%), and Polkadot (-1.38%).

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

Cardano’s ADA (+10.15%) and Chainlink (+11.10%) led the way. Binance Coin  also found strong support, rallying by 4.36%.

Ethereum (+1.05%), Litecoin (+2.17%), and Ripple’s XRP (+2.04%) trailed the front runners, however.

In the current week, the crypto total market rose to a Monday high $1,828bn before falling to a Tuesday low $1,593bn. At the time of writing, the total market cap stood at $1,780bn.

Bitcoin’s dominance rose to a Monday high 63.02% before falling to a Tuesday low 60.84%. At the time of writing, Bitcoin’s dominance stood at 62.03%.

This Morning

At the time of writing, Bitcoin was up by 0.46% to $59,121.0. A mixed start to the day saw Bitcoin fall to an early morning low $58,706.0 before rising to a high $59,475.0.

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

Elsewhere, it was a mixed start to the day.

Cardano’s ADA (-0.61%), Chainlink (-0.64%), Litecoin (-0.16%), and Ripple’s XRP (-0.45%) saw 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 7.22% to lead the way.

BTCUSD 180321 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $57,326 to bring the first major resistance level at $60,651 into play.

Support from the broader market would be needed for Bitcoin to break back through to $60,000 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $61,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at last Sunday’s new swing hi $61,699.0. The second major resistance level sits at $62,453.

Failure to avoid a fall through the $57,326 pivot would bring the first major support level at $55,524 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 levels. The second major support level sits at $52,199.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 17/03/21

Binance

Binance Coin Price Resistance

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

A mixed start to the week, however, saw Binance Coin rise to a Sunday current week high $279.37 before hitting reverse.

Falling short of the 23.6% FIB of $283 and the first major resistance level at $324, Binance Coin fell to a Monday current week low $236.11.

Steering clear of the 38.2% FIB of $230 and the first major support level at $224, Binance Coin revisited $260 levels before easing back.

For the current week, Sunday through Tuesday, Binance Coin was down by 6.00% to $259.59.

2-days in the red that included a 4.56% fall on Sunday weighed early in the week.

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

It has been a particularly bullish start to the year, with Binance Coin up by 593%.

At the time of writing, Binance Coin was down by 0.78% to $256.58. A mixed start to the day saw Binance Coin fall to an early Wednesday morning low $253.96 before rising to a high $261.24.

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

BNBUSD 170321 Daily Chart

For the remainder of the week

Binance Coin would need to move through the pivot level at $273 and the 23.6% FIB of $283 to support a run at the first major resistance level at $324.

Support from the broader market would be needed, however, for a Binance Coin break back through to $300 levels.

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

In the event of an extended breakout, however, Binance Coin could test resistance at February’s swing hi $368.29 before any pullback. The second major resistance level sits at $373.

Failure to move through the $273 pivot would bring the 38.2% FIB of $230 and the first major support level at $224 into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer of sub-$200 levels. The second major support level sits at $173.

Looking at the Technical Indicators

Major Support Level: $224

Major Resistance Level: $324

23.6% FIB Retracement Level: $283

38.2% FIB Retracement Level: $230

62% FIB Retracement Level: $145

The Crypto Daily – Movers and Shakers – March 16th, 2021

Golden bitcoins on the black background closeup. Cryptocurrency virtual money

Bitcoin, BTC to USD, slid by 5.62% on Monday. Following on from a 3.60% decline on Sunday, Bitcoin ended the day at $55,688.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $60,575.0 before hitting reverse.

Falling short of the first major resistance level at $60,799, Bitcoin slid to a late morning intraday low $54,566.0.

Bitcoin fell through the first major support level at $59,900 and the second major support level at $57,201.

Coming within range of the third major support level at $54,502, Bitcoin revisited $57,300 levels before falling back into the deep red.

The near-term bullish trend remained intact supported by Sunday’s new swing hi $61,699.0. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

Bitcoin Cash SV (-5.50%), Crypto.com Coin (-6.15%), and Litecoin (-6.17%) led the way down.

Binance Coin (-3.45%), Cardano’s ADA (-2.18%) and Chainlink (-3.84%), Ethereum (-2.89%), Polkadot (-0.14%) and Ripple’s XRP (-0.79%) also saw red.

Early in the week, the crypto total market rose to a Monday high $1,828bn before falling to a Monday low $1,615bn. At the time of writing, the total market cap stood at $1,684bn.

Bitcoin’s dominance rose to a Monday high 63.02% before falling to a Tuesday low 61.78%. At the time of writing, Bitcoin’s dominance stood at 61.91%.

This Morning

At the time of writing, Bitcoin was up by 0.28% to $55,846.0. A mixed start to the day saw Bitcoin fall to an early morning low $55,332.7 before rising to a high $56,104.3.

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, Crypto.com Coin was up by 1.89% to lead the way.

BTCUSD 160321 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $56,943 to bring the first major resistance level at $59,320 into play.

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 Monday’s high $60,575.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $63,000. The second major resistance level sits at $62,952. Expect plenty of resistance at Sunday’s new swing hi $61,693.0, however.

Failure to move through the $56,943 pivot would bring the first major support level at $53,311 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $50,934.