Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 25/10/20

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

Binance Coin

Binance Coin rose by 1.42% in the week ending 24th October. Following on from a 6.48% from the week prior, Binance Coin ended the week at $30.67.

It was a choppy start to the week. Binance Coin rose to a Monday high $31.55 before falling to a Wednesday intraweek low $26.48.

Falling short of the resistance levels, Binance Coin fell through the first major support level at $27.94.

More significantly, Binance Coin also fell through the 23.6% FIB of $27.5 before striking a Wednesday intraweek high $32.43.

Coming up against the first major resistance level at $32.41, Binance Coin eased back to end the week at sub-$31 levels.

5 days in the green that included a 3.20% rally on Wednesday delivered the upside. A 3.65% slide on Tuesday, however, limited gains from the week.

For the week ahead

Binance Coin would need to avoid a fall through the $29.86 pivot to bring the first major resistance level at $33.24 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $32.43.

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

In the event of another crypto rally, could visit $35 levels and test the second major resistance level at $35.81.

Failure to avoid a fall through the $29.86 pivot would bring the first major support level at $27.29 and the 23.6% FIB of $27.5 into play.

Barring a crypto sell-off, Binance Coin should steer well clear of sub-$25 levels. The second major support level sits at $23.91.

At the time of writing, Binance Coin was up by 0.11% to $30.71. A mixed start to the week saw Binance Coin fall to an early Sunday morning low $30.49 before striking a high $30.78.

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

BNB/USD 25/10/20 Weekly Chart

Litecoin

Litecoin rallied by 26.36% in the week ending 24th October. Reversing a 3.95% slide from the previous week, Litecoin ended the week at $59.30.

It was a bullish start to the week. Litecoin rose to a Monday high $48.48 before hitting reverse.

Falling short of the first major resistance level at $50.44, Litecoin slid to a Tuesday intraweek low $46.45.

Steering clear of the first major support level at $44.53, Litecoin rallied to a Saturday intraweek high $59.67.

Litecoin broke through the first major resistance level at $50.44 and the second major resistance level at $53.95.

More significantly, Litecoin also broke through the 23.6% FIB of $54 come within range of the third major resistance level at $59.86.

6 days in the green which included a 13.14% breakout on Wednesday delivered the upside for the week. A 2.21% fall on Tuesday was the only blemish in the week.

For the week ahead

Litecoin would need to avoid a fall through the $55.14 pivot to support a run at the first major resistance level at $63.83.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $59.67.

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

In the event of a breakout, the second major resistance level at $68.36 would likely come into play.

Failure to avoid a fall through the $55.14 pivot would bring the 23.6% FIB of $54 and the first major support level at $50.61 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$50 levels. The second major support level sits at $41.92.

At the time of writing, Litecoin was down by 0.99% to $58.71. A Bearish start to the week saw Litecoin fall from an early Sunday high $59.24 to a low $57.82.

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

LTC/USD 25/10/20 Daily Chart

Tron’s TRX

Tron’s TRX rose by 5.29% in the week ending 24th October. Reversing a 2.44% decline from the previous week, Tron’s TRX ended the week at $0.02716.

A mixed start to the week saw Tron’s TRX fall to a Wednesday intraweek low $0.024155 before making a move.

Tron’s TRX fell through the first major support level at $0.02458 before striking a Wednesday intraweek high $0.029911.

The breakout saw Tron’s TRX move through the 23.6% FIB of $0.0291 and the first major resistance level at $0.02982.

A pullback from the week high, however, saw Tron’s TRX fall back to $0.0260 levels before closing out the week at $0.027 levels. The first major resistance level at $0.02765 pinned Tron’s TRX back late in the week.

5 days in the green that included a 3.44% rise on Wednesday delivered the upside for the week. A 1.75% fall on Friday limited the upside, however.

For the week ahead

Tron’s TRX would need to move back through the $0.02708 pivot to support a run at the 23.6% FIB of $0.0291 and the first major resistance level at $0.0300.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.02980 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $0.029911 would likely cap any upside.

In the event of an extended rally, the second major resistance level at $0.03283 would likely come into play.

Failure to move back through the $0.02708 pivot would bring the first major support level at $0.02424 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.02132.

At the time of writing, Tron’s TRX was down by 0.32% to 0.027076. A mixed start to the week saw Tron’s TRX fall to an early Sunday morning low $0.02681 before rising to a high $0.02721.

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

TRX/USD 25/10/20 Daily Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 21/10/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Support

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

A mixed start to the week saw Binance Coin rise to a Monday current week high $31.55 before hitting reverse.

Falling short of the first major resistance level at $32.41, Binance Coin slid to a Tuesday current week low $27.76.

A 2nd consecutive day in the deep red saw Binance Coin fall through the first major support level at $27.94.

Steering clear of the 23.6% FIB of $27.50, however, Binance Coin moved back through to $28 levels to limit the downside.

The partial recovery saw Binance Coin break back through the first major support level at $27.94.

For the current week, Sunday through Tuesday, Binance Coin was down by 4.60% to $28.85.

2 consecutive days in the red that included a 3.61% slide on Tuesday delivered the downside early in the week.

The near-term bullish trend remained intact, supported by the latest rebound. For the bears, a fall through the 62% FIB of $17 would form a near-term bearish trend.

It has been a particularly bullish year in spite of a mid-year blip. Year-to-date, Binance Coin was up by 111.4%.

At the time of writing, Binance Coin was up by 1.20% to $29.20. A mixed start to the day saw Binance Coin fall to an early morning low $28.65 before rising to a high $29.45.

Binance Coin left the major support and resistance levels untested in the early part of Wednesday morning.

BNB/USD 21/10/20 Daily Chart

For the remainder of the week

Binance Coin would need to move back through the $30.11 pivot level to support a run at the first major resistance level at $32.41.

Support from the broader market would be needed, however, for Binance Coin to break back through to $32 levels.

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

In the event of an extended breakout, Binance Coin could visit $33 levels before any pullback. The second major resistance level sits at $34.58.

Failure to move back through the $30.11 pivot level would bring the first major support level at $27.94 back into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should avoid sub-$27 levels.

The 23.6% FIB of $27.5 should limit any downside in the 2nd half of the week.

Looking at the Technical Indicators

Major Support Level: $27.94

Major Resistance Level: $32.41

23.6% FIB Retracement Level: $27.5

38.2% FIB Retracement Level: $23.5

62% FIB Retracement Level: $17.00

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 18/10/20

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

Binance Coin

Binance Coin rallied by 6.48% in the week ending 17th October. Following on from a 0.74% gain from the week prior, Binance Coin ended the week at $30.25.

It was a bullish start to the week. Binance Coin rallied to from a Sunday intraweek low $27.8 to a Thursday intraweek high $32.27.

The rally saw Binance Coin break through the first major resistance level at $29.88 and the second major resistance level at $31.34.

A Friday sell-off, however, saw Binance Coin fall back to sub-$30 levels before finding support.

The pullback saw Binance Coin fall back through the second major resistance level to wrap up the week at $30 levels.

6 days in the green that included a 7.41% rally on Monday delivered the upside. A 4.29% slide on Friday limited the gains for the week, however.

For the week ahead

Binance Coin would need to avoid a fall through the $30.11 pivot to bring the first major resistance level at $32.41 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $32.27.

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

In the event of another crypto rally, Binance Coin could visit $33 levels and test the second major resistance level at $34.58.

Failure to avoid a fall through the $30.11 pivot would bring the first major support level at $27.94 and the 23.6% FIB of $27.5 into play.

Barring a crypto sell-off, Binance Coin should steer well clear of the second major support level at $25.64.

At the time of writing, Binance Coin was up by 1.32% to $30.65. A bullish start to the week saw Binance Coin rise from an early Sunday morning low $30.15 to a high $30.98.

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

BNB/USD 18/10/20 Daily Chart

Litecoin

Litecoin slid by 3.95% in the week ending 17th October. Partially reversing a 7.35% rally from the previous week, Litecoin ended the week at $46.93.

It was also a bullish start to the week. Litecoin rose to a Monday intraweek high $51.55 before hitting reverse.

Litecoin broke through the first major resistance level at $51.24 before sliding to a Friday intraweek low $45.64.

Litecoin fell through the first major support level at $45.79 before a partial recovery to wrap up the week at $46 levels.

5 consecutive days in the red, which included a 3.93% slide on Friday delivered the downside for the week. A 3.23% rally on Sunday limited the downside, however.

For the week ahead

Litecoin would need to move through the $48.04 pivot to support a run at the first major resistance level at $50.44.

Support from the broader market would be needed, however, for Litecoin to break back through to $50 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $51 would likely limit any upside.

In the event of a breakout, the second major resistance level at $53.95 and the 23.6% FIB of $54 would likely come into play.

Failure to move through the $48.04 pivot would bring the first major support level at $44.53 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $42.13.

At the time of writing, Litecoin was up by 0.43% to $47.13. A relatively bullish start to the week saw Litecoin rise from an early Sunday morning low $46.81 to a high $47.91.

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

LTC/USD 18/10/20 Daily Chart

Tron’s TRX

Tron’s TRX fell by 2.44% in the week ending 17th October. Following on from a 2.40% decline from the previous week, Tron’s TRX ended the week at $0.02580.

A mixed start to the week saw Tron’s TRX rise to a Monday intraweek high $0.02827 before hitting reverse.

Tron’s TRX broke through the first major resistance level at $0.02792 before falling to a Friday intraweek low $0.02520.

Steering clear of the first major support level at $0.02486, Tron’s TRX revisited $0.0259 levels before easing back.

4 days in the red that included a 2.93% slide on Friday delivered the downside for the week. A 2.30% rally on Monday, limited the downside, however.

For the week ahead

Tron’s TRX would need to move through the $0.02642 pivot to support a run at the first major resistance level at $0.02765.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.027 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $0.02827 would likely cap any upside.

In the event of an extended rally, the 23.6% FIB of $0.0291 and the second major resistance level at $0.02949 would likely come into play.

Failure to move through the $0.02642 pivot would bring the first major support level at $0.02458 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.02335.

At the time of writing, Tron’s TRX was down by 0.33% to $0.02572. A mixed start to the week saw Tron’s TRX fall to an early Sunday morning low $0.02555 before rising to a high $0.02589.

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

TRX/USD 18/10/20 Daily Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 14/10/20

Closeup hand holding bitcoin over the Cryptocurrency trading scr

Binance Coin Price Resistance

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

A mixed start to the week saw Binance Coin fall to a Sunday current week low $27.80 before making a move.

Steering clear of the 23.6% FIB of $27.5 and the first major support level at $26.67, Binance Coin rallied to a Tuesday intraweek high $31.98.

Binance Coin broke the first major resistance level at $29.88 and the second major resistance level at $31.34.

A pullback to sub-$31 levels on Tuesday, however, saw Binance Coin fall back through the second major resistance level.

For the current week, Sunday through Tuesday, Binance Coin was up by 8.20% to $30.74.

3 consecutive days in the green that included a 7.41% rally on Monday delivered the upside early in the week.

The near-term bullish trend remained intact, supported by the latest rebound. For the bears, a fall through the 62% FIB of $17 would form a near-term bearish trend.

It has been a particularly bullish year in spite of a mid-year blip. Year-to-date, Binance Coin was up by 125.2%.

At the time of writing, Binance Coin was up by 0.09% to $30.77. A mixed start to the day on Wednesday saw Binance Coin fall to a Wednesday morning low $30.50 before rising to a high $31.13.

While falling short of the second major resistance level at $31.34, Binance Coin continued to hold above the first major resistance level.

BNB/USD 14/10/20 Daily Chart

For the remainder of the week

Binance Coin would need to move back through to $31 levels to support another run at the second major resistance level at $31.34.

Support from the broader market would be needed, however, for Binance Coin to break back through to $31 levels.

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

In the event of an extended breakout, Binance Coin could visit $33 levels before any pullback. The third major resistance level sits at $34.55.

Failure to move back through to $31 levels could bring sub-$30 back into play. Barring an extended sell-off, however, Binance Coin should steer clear of the pivot level at $28.13 and the major support levels.

The first major support level sits at $26.67.

Looking at the Technical Indicators

Major Support Level: $26.67

Major Resistance Level: $29.88

23.6% FIB Retracement Level: $27.5

38.2% FIB Retracement Level: $23.5

62% FIB Retracement Level: $17.00

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 11/10/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin rose by 0.74% in the week ending 10th October. Following on from a 7.71% rally from the week prior, Binance Coin ended the week at $28.41.

It was a mixed start to the week. Binance Coin rose to a Monday intraweek high $29.60 before hitting reverse.

Falling short of the first major resistance level at $30.32, Binance Coin slid to a Thursday intraweek low $26.39.

The pullback saw Binance Coin fall through the 23.6% FIB of $27.50 before finding support.

Steering clear of the first major support level at $25.65, Binance Coin recovered to $28 levels to end the week in the green.

4 days in the green that included a 2.68% rally on Sunday delivered the upside. A 3.20% slide on Tuesday limited the gains for the week, however.

For the week ahead

Binance Coin would need to move back through the $28.13 pivot to bring the first major resistance level at $29.88 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $29.60.

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

In the event of another crypto rally, the second major resistance level at $31.34 and $33 levels could come into play.

Failure to move back through the $28.13 pivot would bring 23.6% FIB of $27.5 and the first major support level at $26.67 into play.

Barring a crypto sell-off, Binance Coin should steer well clear of sub-$25 levels and the 38.2% FIB of $23.5 in the week.

The second major support level sits at $24.92.

At the time of writing, Binance Coin was down by 1.01% to $28.12. A bearish start to the week on Sunday saw Binance Coin fall from an early Sunday morning high $28.69 to a low $27.88.

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

BNB/USD 11/10/20 Daily chart

Litecoin

Litecoin rallied by 7.35% in the week ending 10th October. Reversing a 1.13% fall from the previous week, Litecoin ended the week at $48.90.

It was also a mixed start to the week. Litecoin rose to a Tuesday high $48.22 before hitting reverse.

Coming up against the first major resistance level at $48.27, Litecoin fell to a Wednesday intraweek low $45.03.

Steering clear of the first major support level at $43.03, Litecoin bounced back to a Saturday intraweek high $50.48.

Litecoin broke through the first major resistance level at $48.27 to close out the day at $48.9 levels.

5 days in the green, which included a 2.55% rally on Sunday and 2.26% rally on Saturday delivered the upside for the week.

For the week ahead

Litecoin would need to avoid a fall through the $48.14 pivot to support a run at the first major resistance level at $51.24.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $50.48.

Barring an extended crypto rally, the first major resistance level and resistance at $52 would likely limit any upside.

In the event of a breakout, the second major resistance level at $53.59 and the 23.6% FIB of $54 would likely come into play.

Failure to avoid a fall through the $48.14 pivot would bring the first major support level at $45.79 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $42.69.

At the time of writing, Litecoin was up by 0.74% to $49.26. A mixed start to the week saw Litecoin fall to an early Sunday morning low $48.71 before striking a high $49.33.

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

LTC/USD 11/10/20 Daily Chart

Tron’s TRX

Tron’s TRX fell by 2.42% in the week ending 10th October. Reversing a 0.29% gain from the previous week, Tron’s TRX ended the week at $0.026445.

It was bearish through most of the week once more. Tron’s TRX fell from a Sunday high $0.02782 to a Thursday intraweek low $0.02476 before finding support.

Steering clear of the first major support level at $0.02459, Tron’s TRX recovered to $0.0277 levels on Saturday before falling back into the red.

3 days in the red that included a 2.82% slide on Sunday and a 2.96% fall on Tuesday delivered the downside for the week.

For the week ahead

Tron’s TRX would need to avoid a fall back through the $0.02634 pivot to support a run at the first major resistance level at $0.02792.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.02782.

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

In the event of an extended rally, the 23.6% FIB of $0.0291 and the second major resistance level at $0.02940 would likely come into play.

Failure to avoid a fall back through the $0.02634 pivot would bring the first major support level at $0.02486 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.02328.

At the time of writing, Tron’s TRX was down by 0.14% to $0.026408. A mixed start to the week saw Tron’s TRX fall to an early Sunday morning low $0.02605 before rising to a high $0.02668.

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

TRX/USD 11/10/20 Daily Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 07/10/20

Binance

Binance Coin Price Support

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

A bullish start to the week saw Binance Coin rise to an early Monday current week high $29.60 before hitting reverse.

Falling well short of the first major resistance level at $30.32, Binance Coin slid to a Tuesday low $27.06.

The pullback saw Binance Coin fall through the 23.6% FIB of $27.5 and the pivot level at $27.74.

A late recovery on the day saw Binance Coin move back through the 23.6% FIB to end Tuesday at $27.7 levels.

For the current week, Sunday through Tuesday, Binance Coin was down by 1.70% to $27.72.

2 consecutive days in the red that included a 3.20% slide on Tuesday delivered the downside. The 2-days in the red reversed a 2.68% gain from Sunday.

The near-term bullish trend remained intact, supported by the latest rebound. For the bears, a fall through the 62% FIB of $17 would form a near-term bearish trend.

It has been a particularly bullish start to the year in spite of a mid-year blip. Year-to-date, Binance Coin was up by 103.08%.

At the time of writing, Binance Coin was down by 0.95% to $27.46. A bearish start to the day saw Binance Coin fall from a Wednesday morning high $27.71 to a current week low $27.02.

While steering clear of the major support and resistance levels, Binance Coin fell back through the 23.6% FIB.

BNB/USD 07/10/20 Daily Chart

For the remainder of the week

Binance Coin would need to move back through the $27.74 pivot level to bring the first major resistance level at $30.32 into play. More significantly, Binance Coin would also need to break out from the 23.6% FIB of $27.5.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $29.83.

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

In the event of an extended breakout, the second major resistance level at $32.41 would likely come into play.

Failure to move through the pivot level at $27.74 would bring the first major support level at $25.65 into play.

Barring an extended crypto sell-off, however, Binance Coin should steer well clear the 38.2% FIB of $23.5. The second major support level sits at $23.07.

Looking at the Technical Indicators

Major Support Level: $25.65

Major Resistance Level: $30.32

23.6% FIB Retracement Level: $27.5

38.2% FIB Retracement Level: $23.5

62% FIB Retracement Level: $17.00

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 04/10/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin

Binance Coin rose by 7.71% in the week ending 3rd October. Reversing a 3.57% decline from the week prior, Binance Coin ended the week at $28.23.

It was a mixed start to the week. Binance Coin fell to a Sunday intraweek low $25.16 before making a move.

Steering clear of the first major support level at $22.93, Binance Coin rallied to a Wednesday intraweek high $29.83.

Binance Coin broke through the 23.6% FIB of $27.5 and the first major resistance level at $28.52.

2 consecutive days in the red then saw Binance Coin fall back to sub-$26 levels before a Saturday recovery.

The Saturday recovery saw Binance Coin break back through the23.6% FIB to wrap up the week at $28 levels.

Resistance at the first major resistance level at $28.52 pinned Binance Coin back at the end of the week.

5 days in the green that included a 7.07% rally on Tuesday delivered the upside. A 6.15% slide on Wednesday limited the gains for the week, however.

For the week ahead

Binance Coin would need to avoid a fall through the $27.74 pivot to bring the first major resistance level at $30.32 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $29.83.

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

In the event of another crypto rally, the second major resistance level at $32.41 and $33 levels could come into play.

Failure to avoid a fall through the $27.74 pivot would bring 23.6% FIB of $27.5 and the first major support level at $25.65 into play.

Barring a crypto sell-off, Binance Coin should steer well clear of sub-$25 levels and the 38.2% FIB of $23.5 in the week.

The second major support level sits at $23.07.

At the time of writing, Binance Coin was up by 0.11% to $28.26. A mixed start to the week saw Binance Coin rise to an early Sunday high $28.58 before falling to a low $27.96.

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

BNB/USD 04/10/20 Daily Chart

Litecoin

Litecoin fell by 1.14% in the week ending 3rd October. Following on from a 5.01% slide from the previous week, Litecoin ended the week at $45.54.

It was also a mixed start to the week. Recovering from 2 days in the red, Litecoin rallied to a Thursday intraweek high $48.49 before hitting reverse.

Falling short of the first major resistance level at $49.17, Litecoin fell to a Friday intraweek low $43.25.

Steering clear of the first major support level at $42.29, Litecoin recovered to $45 levels to limit the loss for the week.

4 days in the red, which included a 2.64% slide on Thursday, delivered the downside for the week.

For the week ahead

Litecoin would need to move through the $45.76 pivot to support a run at the first major resistance level at $48.27.

Support from the broader market would be needed, however, for Litecoin to break back through to $48 levels.

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

In the event of a breakout, the second major resistance level at $51.00 would likely come into play.

Failure to move through the $45.76 pivot would bring the first major support level at $43.03 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$40 levels. The second major support level at $40.52 should limit any downside.

At the time of writing, Litecoin was down by 0.07% to $45.51. A mixed start to the week saw Litecoin rise to an early Sunday morning high $45.82 before falling to a low $45.31.

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

LTC/USD 04/10/20 Daily Chart

Tron’s TRX

Tron’s TRX rose by 0.29% in the week ending 3rd October. Following on from a 1.14% decline from the previous week, Tron’s TRX ended the week at $0.02723.

It was bearish through most of the week. Tron’s TRX fell from a Sunday high $0.027666 to a Friday intraweek low $0.023978 before finding support.

The reversal saw Tron’s TRX fall through the first major support level at $0.02440.

A bullish end to the week, however, saw Tron’s TRX rally to a Saturday intraweek high $0.02864 before easing back.

Falling short of the first major resistance level at $0.02972 and the 23.6% FIB of $0.0291, Tron’s TRX wrapped up the week at sub-$0.028 levels.

3 days in the green that included a 5.49% rally on Saturday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid a fall back through the $0.02662 pivot to support a run at the 23.6% FIB of $0.0291 and the first major resistance level at $0.02925.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.02864.

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

In the event of an extended rally, the second major resistance level at $0.03128 would likely come into play.

Failure to avoid a fall back through the $0.02662 pivot would bring the first major support level at $0.02459 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.02196.

At the time of writing, Tron’s TRX was down by 1.58% to $0.026797. A mixed start to the week saw Tron’s TRX rise to an early Sunday morning high $0.02747 before falling to a low $0.02652.

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

TRX/USD 04/10/20 Daily Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 30/09/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin Price Resistance

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

Binance Coin fell to a Sunday current week low $25.16 before making a move.

Steering clear of the 38.2% FIB of $23.5 and the first major support level at $22.93, Binance Coin rallied to a Tuesday intraweek high $29.17.

Binance Coin broke through the 23.6% FIB of $27.5 and the first major resistance level at $28.52.

In spite of a pullback to sub-$29 levels late on Tuesday, Binance Coin held above the first major resistance level.

For the current week, Sunday through Tuesday, Binance Coin was up by 10.23% to $28.89.

3 consecutive days in the green that included a 7.07% rally on Tuesday delivered the upside.

The near-term bullish trend remained intact, supported by the latest rebound. For the bears, a fall through the 62% FIB of $17 would form a near-term bearish trend.

It has been a particularly bullish start to the year in spite of a mid-year blip. Year-to-date, Binance Coin was up by 111.65%.

At the time of writing, Binance Coin was down by 0.71% to $28.68. A mixed start to the day on Wednesday saw Binance Coin rise to an early morning high $28.91 before falling to a low $28.27.

Binance Coin briefly slipped through the first major resistance level at $28.52 before finding support.

BNB/USD 30/09/20 Daily Chart

For the remainder of the week

Binance Coin would need to avoid through the first major resistance level and 23.6% FIB of $27.5 to support further upside.

A move back through the current week high $29.17 would bring the second major resistance level at $30.84 into play.

Support from the broader market would be needed, however, for Binance Coin to break back through to $30 levels.

Barring an extended crypto rebound, resistance at $30 would likely pin Binance Coin back.

In the event of an extended breakout, Binance Coin could test resistance at $32 before any pullback.

A fall back through the 23.6% FIB of $27.5, however, would bring the pivot level at $25.25 into play.

Barring an extended crypto sell-off, Binance Coin should steer well clear of the first major support level at $22.93.

The 38.2% FIB of $23.5 should limit any downside in the event of a reversal.

Looking at the Technical Indicators

Major Support Level: $22.93

Major Resistance Level: $28.52

23.6% FIB Retracement Level: $27.5

38.2% FIB Retracement Level: $23.5

62% FIB Retracement Level: $17.00

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 27/09/20

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

Binance Coin

Binance Coin fell by 3.57% in the week ending 26th September. Following on from a 4.70% decline from the week prior, Binance Coin ended the week at $26.20.

It was a bearish start to the week. Binance Coin slid from a Sunday intraweek high $26.80 to a Monday intraweek low $21.98.

Falling short of the major resistance levels, Binance Coin fell through the first major support level at $24.47. More significantly, Binance Coin also fell through the 38.2% FIB of $23.5.

Coming within range of the second major support level at $21.75, bounced back to $26 levels on Saturday.

The partial recovery saw Binance break back through the 38.2% FIB and the first major support level.

3 days in the red that included a 12.29% slide on Monday did the damage. 3 consecutive days in the green at the end of the week limited the downside, however.

For the week ahead

Binance Coin would need to avoid a fall through the $25.25 pivot to bring the 23.6% FIB of $27.5 and the first major resistance level at $28.52into play.

Support from the broader market would be needed for Binance Coin to break out from the 23.6% FIB.

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

In the event of another crypto rally, the second major resistance level at $30.84 could come into play.

Failure to avoid a fall through the $25.25 pivot would bring 38.2% FIB and the first major support level at $22.93 into play.

Barring a crypto sell-off, Binance Coin should steer well clear of sub-$20 levels in the week.

The second major support level sits at $19.66.

At the time of writing, Binance Coin was up by 1.92% to $26.70. A bullish start to the week saw Binance Coin rise from an early Sunday low $26.05 to a high $26.85.

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

BNB/USD 27/09/20 Daily Chart

Litecoin

Litecoin slid by 5.01% in the week ending 26th September. Following on from a 4.66% fall from the previous week, Litecoin ended the week at $46.06.

It was also a bearish start to the week. Litecoin slid from a Sunday intraweek high $48.52 to a Monday intraweek low $41.64 before finding support.

The sell-off saw Litecoin fall through the first major support level at $46.64 and the second major support level at $44.79.

Finding support in the 2nd half of the week, Litecoin broke back through the second major support level to end the week at $46 levels.

The first major support level at $46.64 pinned Litecoin back late in the week.

3 days in the red, which included an 8.41% slide on Monday, delivered the downside for the week.

A run of 3 consecutive days in the green in the 2nd half of the week cut the deficit, however.

For the week ahead

Litecoin would need to avoid a fall through the $45.41 pivot to support a run at the first major resistance level at $49.17.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $48.52.

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

In the event of a breakout, the second major resistance level at $52.29 would likely come into play.

Failure to avoid a fall through the $45.41 pivot would bring the first major support level at $42.29 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$40 and the second major support level at $38.53.

At the time of writing, Litecoin was up by 0.61% to $46.34. A bullish start to the day saw Litecoin rise from an early morning low $46.00 to a high $46.34.

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

LTC/USD 27/09/20 Daily Chart

Tron’s TRX

Tron’s TRX fell by 1.14% in the week ending 26th September. Following on from a 15.30% tumble from the previous week, Tron’s TRX ended the week at $0.027566.

It was a bearish 1st half of the week. Tron’s TRX fell from a Sunday high $0.028031 to a Wednesday intraweek low $0.024028 before finding support.

The reversal saw Tron’s TRX fall through the first major support level at $0.02424 before recovering to $0.027 levels.

A bullish 2nd half of the week saw Tron’s TRX strike a Saturday intraweek high $0.029349 before falling back to $0.027 levels.

The 23.6% FIB of $0.0291 pinned Tron’s TRX back at the end of the week.

3 days in the red that included a 7.78% slide on Monday delivered the downside. A 5.86% rally on Thursday and a 3.98% gain on Friday limited the downside for the week, however.

For the week ahead

Tron’s TRX would need to avoid a fall through the $0.02688 pivot to support a run at the 23.6% FIB and the first major resistance level at $0.02972.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.02935.

Barring a broad-based crypto rally, the first major resistance level and resistance at $0.030 would likely cap any upside.

In the event of an extended rally, the second major resistance level at $0.03220 would likely come into play.

Failure to avoid a fall through the $0.02688 pivot would bring the first major support level at $0.02440 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.02156.

At the time of writing, Tron’s TRX was up by 0.29% to $0.02733. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.02702 before rising to a high $0.027451.

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

TRX/USD 27/09/20 Daily Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 23/09/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Support

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

Binance Coin fell from a Sunday current week high $27.57 to a Monday current week low $21.98.

At the start of the week, Binance Coin fell well short of the first major resistance level at $31.20 and the pivot level at $28.48.

Coming up against the 23.6% FIB of $27.50, however, Binance Coin fell through the first major support level at $24.47. More significantly, the sell-off also saw Binance Coin also fall through the 38.2% FIB of $23.50.

Coming within range of the second major support at $21.75, Binance Coin found much-needed support on Tuesday.

A relatively bullish day on Tuesday saw Binance Coin break back through the 38.2% FIB of $23.50 to end the day at $24 levels.

For the current week, Sunday through Tuesday, Binance Coin was down by 11.45% to $24.06. A 12.29% tumble on Monday, following a 3.09% loss on Sunday delivered the early loss.

A 4.02% gain on Tuesday offset some of the losses, however.

The near-term bullish trend remained intact, in spite of the latest pullback, however. For the bears, a fall through the 62% FIB of $17 would form a near-term bearish trend.

It has been a particularly bullish start to the year in spite of a reversal, however. Having been up by as much as 101% year-to-date, Binance Coin was still up by 76.3% year-to-date.

At the time of writing, Binance Coin was up by 0.37% to $24.15. A mixed start to the day on Wednesday saw Binance Coin fall to an early morning low $23.85 before rising to a high $24.44.

The first major support level at $24.47 pinned Binance Coin back early in the day.

BNB/USD 23/09/20 Daily Chart

For the remainder of the week

Binance Coin would need to move through the $28.48 pivot level to support a run at the first major resistance level at $31.20.

Support from the broader market would be needed, however, for Binance Coin to break back through the first major support level at $24.47.

Barring an extended crypto rebound, resistance at the 23.6% FIB of $27.5 would likely limit any upside.

In the event of an extended breakout, Binance Coin could test resistance at $30. Binance Coin would likely come up short of the first major resistance level at $31.20, however.

A fall back through the 38.2% FIB of $23.5 would bring the second major support level at $21.75 back into play.

Barring an extended crypto sell-off, however, Binance Coin should steer well clear of sub-$20 levels.

The 62% FIB sits at $17, with the second major support level sitting at $15.06.

Looking at the Technical Indicators

Major Support Level: $24.47

Major Resistance Level: $31.20

23.6% FIB Retracement Level: $27.5

38.2% FIB Retracement Level: $23.5

62% FIB Retracement Level: $17.00