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

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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

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

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

Binance Coin Mid-Week Analysis – Support Levels in Play – 13/01/21

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

Binance Coin Price Support

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

Binance Coin rallied to a Sunday current week high $47.42 before hitting reverse.

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

The sell-off saw Binance Coin fall through the first major support level at $35.82.

More significantly, Binance Coin fell through the 23.6% FIB of $38.4.

Finding support at the 38.2% FIB of $32.3, Binance Coin revisited $41 levels on Tuesday before falling back to sub-$40 levels.

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

A late pullback on Tuesday, however, saw Binance Coin fall back through the 23.6% FIB to $38.2 levels.

For the current week, Sunday through Tuesday, Binance Coin was down by 13.1% to $38.26

2 days in the red from 3 that included a 10% slide on Monday delivered the downside.

The near-term bullish trend remained intact, in spite of the latest pullback. For the bears, a fall through the 62% FIB of $22 would form a near-term bearish trend.

It has been a bullish start to the year, with Binance Coin up by 2.14%.

At the time of writing, Binance Coin was down by 1.36% to $37.74. A mixed start to the day on Wednesday saw Binance Coin rise to an early Wednesday morning high $39.01 before falling to a low $36.28.

While Binance Coin left the major support and resistance levels untested, Binance Coin briefly broke through the 23.6% FIB of $38.4.

BNBUSD 130121 Daily Chart

For the remainder of the week

Binance Coin would need to move back through 23.6% FIB and the $42 pivot to bring the first major resistance level at $50.22 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from last week’s high $48.24.

Barring an extended crypto rally, resistance at $45 would likely leave Binance Coin short of the major resistance levels.

In the event of an extended breakout, however, Binance Coin could test resistance at $55 before any pullback. The second major resistance level sits at $56.53.

Failure to move back through the 23.6% FIB of $38.4 and the $42 pivot would bring the first major support level at $35.82 back into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer clear of sub-$30 levels. The 38.2% FIB of $32.3 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $36

Major Resistance Level: $50

23.6% FIB Retracement Level: $38

38.2% FIB Retracement Level: $32

62% FIB Retracement Level: $22

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 10/01/21

Depositphotos_166797044_s-2019

Binance Coin

Binance Coin rallied by 14.97% in the week ending 9th January. Following a 13.89% gain from the previous week, Binance Coin ended the week at $44.01.

It was a mixed start to the week. Binance Coin rose to a Monday high and a new swing hi $46.46 before hitting reverse.

The early rally saw Binance Coin break through the first major resistance level before sliding to a Monday intraweek low $33.84.

While steering clear of the first major support level at $33.15, Binance Coin fell through the 23.6% FIB of $37.00.

Finding support mid-week, Binance Coin rallied to a Thursday intraweek high and a new swing hi $48.24.

Binance Coin broke back through the 23.6% FIB and the first major resistance level before falling back to sub-$38 levels.

Finding support at the 23.6% FIB, however, Binance Coin broke back through the first major resistance level to revisit $45 levels before easing back.

5 days in the green that included a 7.96% rally on Sunday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid a fall through the $42.03 pivot to bring the first major resistance level at $50.22 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $48.24.

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 the second major resistance level at $56.43.

Failure to avoid a fall through the $42.03 pivot would bring the 23.6% FIB of $38.4 and the first major support level at $35.82 and into play.

Barring a crypto sell-off, Binance Coin should steer clear of the 38.2% FIB of $32.3. The second major support level at sits $27.63.

At the time of writing, Binance Coin was up by 1.55% to $44.70. A mixed start to the week saw Binance Coin fall to an early Sunday morning low $43.99 before striking a high $45.58.

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

BNBUSD 100121 Daily Chart

Litecoin

Litecoin jumped by 29.74% in the week ending 9th January. Following on from a 5.84% gain from the previous week, Litecoin ended the week at $177.87.

It was a bullish start to the week. Litecoin rallied from a Sunday intraweek low $135.50 to a Thursday high and a new swing hi $181.25 before hitting reverse.

The rally saw Litecoin break through the week’s major resistance levels before a Friday slide back to $150 levels.

The sell-off saw Litecoin fall through the third major resistance level at $177.53 and the second major resistance level at $155.32.

Steering clear of the first major resistance level at $143.15, Litecoin bounced back to a Friday intraweek high and a new swing hi $181.55.

Litecoin broke back through the second and third major resistance levels before falling back to sub-$170 levels.

A bullish end to the week, however, saw Litecoin revisit $179 levels before easing back. The third major resistance level at $177.53 delivered support at the end of the week.

6 days in the green that included a 17.79% rally on Sunday delivered the upside.

For the week ahead

Litecoin would need to avoid the $164.97 pivot to support a run at the first major resistance level at $194.45.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $181.55.

Barring an extended crypto rally, the first major resistance level and resistance at $200 would likely limit any upside.

In the event of another breakout, the second major resistance level at $211.02 and resistance at $215 would likely come into play.

Failure to avoid a fall through the $164.97 pivot would bring the first major support level at $148.40 and the23.6% FIB of $145 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$140 levels. The second major support level sits at $118.92.

At the time of writing, Litecoin was up by 0.32% to $178.44. A mixed start to the week saw Litecoin fall to an early Sunday morning low $176.89 before striking a high $180.00.

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

LTCUSD 100121 Daily Chart

Tron’s TRX

Tron’s TRX jumped by 26.38% in the week ending 9th January. Reversing a 0.54% decline from the week prior, Tron’s TRX ended the week at $0.3420.

It was a mixed week. Tron’s TRX fell to a Sunday intraweek low $0.024303 before making a move.

Steering clear of the first major support level at $0.02395, Tron’s TRX rallied to a Saturday intraweek high $0.03645.

Tron’s TRX broke through the 23.6% FIB of $0.0291 and the first major resistance level at $0.03187.

Coming up against the second major resistance level at $0.03635, Tron’s TRX eased back to end the week at $0.034 levels.

5 days in the red that included a 7.57% rally on Sunday and a 13.66% breakout on Saturday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid a fall through the $0.03165 pivot to support a run at the first major resistance level at $0.03900.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.03645.

Barring a broad-based crypto rally, the first major resistance level 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 $0.04380 would likely come into play.

Failure to avoid a fall through the $0.03165 pivot would bring the 23.6% FIB of $0.0291 and the first major support level at $0.02685 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of sub-$0.025 levels. The second major support level sits at $0.01950.

At the time of writing, Tron’s TRX was up by 5.01% to $0.03592. A mixed start to the week on Sunday saw Tron’s TRX fall to an early morning low $0.03380 before striking a high $0.03635.

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

TRXUSD 100121 Daily Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 06/01/21

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Binance Coin Price Resistance

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

Binance Coin rallied to a Monday current week high and a new swing hi $46.46 before hitting reverse.

The early rally saw Binance Coin break through the first major resistance level at $44.18.

Hitting reverse on Monday, Binance Coin slid to a Monday current week low $33.84 before finding support.

While steering clear of the first major support level at $31.15, Binance Coin fell through the 23.6% FIB of $37.

Finding support late in the day on Monday, however, Binance Coin bounced back to a Tuesday high $44.81 before easing back.

Binance Coin broke back through the 23.6% FIB and the first major resistance level at $44.18 before ending the day at $41 levels.

For the current week, Sunday through Tuesday, Binance Coin was up by 9.54% to $41.05.

2 days in the green from 3 that included a 7.96% rally Sunday and a 2.03% gain from Tuesday delivered the upside.

The near-term bullish trend remained intact, supported by the latest swing hi. For the bears, a fall through the 62% FIB of $22 would form a near-term bearish trend.

It has been a bullish start to the year, with Binance Coin up by 11.93%.

At the time of writing, Binance Coin was down by 2.10% to $41.05. A mixed start to the day on Wednesday saw Binance Coin rise to an early Wednesday morning high $42.76 before falling to a low $39.34.

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

BNBUSD 060121 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through $37.04 pivot and the 23.6% FIB of $37 to bring the first major resistance level at $44.18 back into play.

Support from the broader market would be needed, however, for Binance Coin to break back through to $44 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $45 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $50 before any pullback. The second major resistance level sits at $50.07.

Failure to avoid a fall back through $37.04 pivot and the 23.6% FIB would bring the first major support level at $31.15 into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer clear of sub-$30 levels. The 38.2% FIB of $31 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $31.15

Major Resistance Level: $44.18

23.6% FIB Retracement Level: $37

38.2% FIB Retracement Level: $31

62% FIB Retracement Level: $22

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 30/12/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Resistance

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

A mixed start to the week saw Binance Coin slide to a Sunday current week low $29.90 before making a move.

Finding support at the first major support level at $29.88 and the 23.6% FIB of $29.70, Binance Coin rallied to a Tuesday current week high and a new swing hi $41.19.

Binance Coin broke through the first major resistance level at $37.12 and the second major resistance level at $40.63.

A late pullback on Tuesday, however, saw Binance Coin fall back to end the day at sub-$40 levels.

For the current week, Sunday through Tuesday, Binance Coin was up by 16.06% to $39.02.

2 consecutive days in the green that included a 6.70% rally on Monday and an 8.79% jump on Tuesday delivered the upside.

The near-term bullish trend remained intact, supported by the latest breakout. For the bears, a fall through the 62% FIB of $20 would form a near-term bearish trend.

It has been a particularly bullish year. Year-to-date, Binance Coin was up by 186%.

At the time of writing, Binance Coin was down by 3.33% to $37.72. A mixed start to the day on Wednesday saw Binance Coin rise to an early Wednesday morning high $39.94 before falling to a low $36.94.

Binance Coin briefly fell back through the first major resistance level at $37.12.

BNBUSD 301220 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the first major resistance level at $37.12 to bring the second major resistance level back into play.

Support from the broader market would be needed, however, for Binance Coin to break back through to $40 levels.

Barring an extended crypto rally, the second major resistance level at $40.63 and the current week high $41.19 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $43 before any pullback. The third major resistance level sits at $47.87.

Failure to avoid a fall back through the first major resistance level at $37.12 would bring the 23.6% FIB of $33.00 into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer well clear of the first major support level at $29.88.

Looking at the Technical Indicators

Major Support Level: $29.88

Major Resistance Level: $37.12

23.6% FIB Retracement Level: $33

38.2% FIB Retracement Level: $28

62% FIB Retracement Level: $20

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 27/12/20

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Binance Coin

Binance Coin rose by 0.87% in the week ending 26th December. Following on from an 18.36% surge from the previous week, Binance Coin ended the week at $33.62.

It was a bullish start to the week. Binance Coin rose to a Sunday high $36.73 before hitting reverse.

Binance Coin broke through the first major resistance level at $36.57 before sliding to a Wednesday intraweek low $29.7.

The reversal saw Binance Coin test support at the 23.6% FIB of $29.7 before striking a Saturday intraweek high and a new swing hi $36.89.

Coming up against the first major resistance level at $36.57, however, Binance Coin eased back to end the week at $33 levels.

5 days in the green that included a 4.15% rally on Thursday delivered the upside for the week. A 6.48% slide on Monday and a 6.98% reversal on Wednesday pinned Binance Coin back, however.

For the week ahead

Binance Coin would need to avoid back through the $33.39 pivot to bring the first major resistance level at $37.12 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $36.89.

Barring an extended crypto rally, the first major resistance level and resistance at $38 would likely limit any upside in the week.

In the event of another crypto rally, could test resistance at $40 before any pullback. The second major resistance level sits at $40.63.

Failure to avoid a fall back through the $33.39 pivot would bring the first major support level at $29.88 and the 23.6% FIB of $29.7 into play.

Barring a crypto sell-off, Binance Coin should steer well clear of sub-$26 levels and the 38.2% FIB of $25.2. The second major support level at $26.15 should limit the downside.

At the time of writing, Binance Coin was down by 0.33% to $33.50. A mixed start to the week saw Binance Coin rise to an early Sunday morning high $34.22 before falling to a low $32.70.

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

BNBUSD 271220 Daily Chart

Litecoin

Litecoin rose by 4.97% in the week ending 26th December. Following on from a 56.44% jump from the previous week, Litecoin ended the week at $129.56.

It was a bearish start to the week. Litecoin fell to a Wednesday intraweek low $95.28 before making a move.

While steering clear of the first major support level at $88.96, Litecoin fell through the 23.6% FIB of $101.

Through the 2nd half of the week, however, Litecoin rallied to a Saturday intraweek high and a new swing hi $135.00.

Falling short of the first major resistance level at $137.74, however, Litecoin eased back to end the week at sub-$130 levels.

4 days in the green that included a 14.81% rally on Friday delivered the upside. An 8.91% slide on Monday and a 10.46% tumble on Wednesday limited the upside, however.

For the week ahead

Litecoin would need to avoid the $120 pivot to support a run at the first major resistance level at $144.61.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $135.00.

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

In the event of another breakout, the second major resistance level at $159.67 and resistance at $160 would likely come into play.

Failure to avoid a fall through the $120 pivot would bring the 23.6% FIB of $109 and the first major support level at $104.89 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$100 levels. The second major support level sits at $80.23.

At the time of writing, Litecoin was up by 3.37% to $133.93. A mixed start to the week saw Litecoin fall to an early morning low $127.39 before striking a high $134.57.

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

LTCUSD 271220 Daily Chart

Tron’s TRX

Tron’s TRX slid by 11.02% in the week ending 26th December. Reversing a 9.97% rally from the week prior, Tron’s TRX ended the week at $0.02779.

It was a mixed week. Tron’s TRX rose to a Sunday intraweek high $0.034017 before hitting reverse.

Falling short of the first major resistance level at $0.03531, Tron’s TRX slid to a Wednesday intraweek low $0.02353.

Tron’s TRX fell through the 23.6% FIB of $0.0291 and the first major support level at $0.02731.

Finding support at the second major support level at $0.02339, however, Tron’s TRX briefly revisited $0.030 levels before falling back.

The pullback saw Tron’s TRX fall back through the 23.6% FIB of $0.0291 to end the week at $0.027 levels.

4 days in the red that included a 14.46% tumble on Wednesday delivered the downside for the week.

For the week ahead

Tron’s TRX would need to move through the $0.02845 pivot and 23.6% FIB of $0.0291 to support a run at the first major resistance level at $0.03336.

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 $0.034017 would likely cap any upside.

In the event of an extended rally, the second major resistance level at $0.03893 and resistance at $0.040 would likely come into play.

Failure to move through the $0.02845 pivot would bring the first major support level at $0.02287 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 $0.01796.

At the time of writing, Tron’s TRX was up by 0.09% to $0.027815. A mixed start to the week saw Tron’s TRX fall to an early morning low $0.027002 before striking a high $0.028285.

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

TRXUSD 271220 Daily Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 23/12/20

Closeup hand holding bitcoin over the Cryptocurrency trading scr

Binance Coin Price Resistance

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

A mixed start to the week saw Binance Coin rise to a Sunday current week high $36.73 before hitting reverse.

Coming up against the first major resistance level at $36.57, Binance Coin fell to a Tuesday current week low $30.35.

While falling through the week’s $31.95 pivot level, Binance Coin avoided the first major support level at $28.71. Binance Coin also avoided the 23.6% FIB of $29.7 before a move back through to $33 levels.

For the current week, Sunday through Tuesday, Binance Coin was up by 0.63% to $33.54.

2 days in the green out of 3  delivered the upside early in the week. A 6.48% slide on Monday limited the upside, however.

The near-term bullish trend remained intact, in spite of the latest pullback. For the bears, a fall through the 62% FIB of $18 would form a near-term bearish trend.

It has been a particularly bullish year. Year-to-date, Binance Coin was up by 144%.

At the time of writing, Binance Coin was up by 1.25% to $33.96. A mixed start to the day on Wednesday saw Binance Coin fall to an early morning low $33.17 before rising to a high $34.89.

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

BNBUSD 231220 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the $31.95 pivot bring the first major resistance level at $36.57 back into play.

Support from the broader market would be needed, however, for Binance Coin to break back through to $36 levels.

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

In the event of an extended breakout, however, Binance Coin could test resistance at $38 before any pullback. The second major resistance level sits at $39.81.

Failure to avoid a fall back through the $31.95 pivot level would bring the 23.6% FIB of $29.7 and the first major support level at $28.71 into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer clear of sub-$29 levels and well clear of the 38.2% FIB of $25.21. The second major support level sits at $24.09.

Looking at the Technical Indicators

Major Support Level: $28.71

Major Resistance Level: $36.57

23.6% FIB Retracement Level: $29.7

38.2% FIB Retracement Level: $25.2

62% FIB Retracement Level: $18.0

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 20/12/20

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Binance Coin

Binance Coin surged by 18.36% in the week ending 19th December. Reversing a 5.28% fall from the previous week, Binance Coin ended the week at $33.33.

It was a mixed start to the week. Binance Coin rose to a Wednesday high $32.78 before hitting reverse.

Binance Coin broke through the first major resistance level at $30.27 and the second major resistance level at $32.38.

More significantly, Binance Coin also broke through the 23.6% FIB at $29.7.

The reversal saw Binance Coin slide back through the resistance levels and 23.6% FIB to a Wednesday intraweek low $27.33.

Steering clear of the first major support level at $26.25, however, Binance Coin rallied to a Saturday intraweek high $35.19.

Binance Coin broke back through the first major resistance level at $30.27 and the second major resistance level at $32.38 and the 23.6% FIB.

A bearish end to the day on Saturday saw Binance Coin ease back to end the week at $33 levels.

5 days in the green that included a 7.44% rally on Saturday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid the $31.95 pivot to bring the first major resistance level at $36.57 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $35.19.

Barring an extended crypto rally, the first major resistance level and resistance at $37 would likely limit any upside in the week.

In the event of another crypto rally, could test resistance at $40 before any pullback. The second major resistance level sits at $39.81.

Failure to avoid a fall through the $31.95 pivot would bring the 23.6% FIB of $29.7 and the first major support level at $28.71 into play.

Barring a crypto sell-off, Binance Coin should steer well clear of the 38.2% FIB of $25.2 and sub-$25 levels. The second major support level sits at $24.09.

At the time of writing, Binance Coin was down by 0.27% to $33.24. A mixed start to the week on Sunday saw Binance Coin rise to an early morning high $33.86 before falling to a low $32.42.

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

Litecoin

Litecoin surged by 56.44% in the week ending 19th December. Reversing a 7.86% slide from the previous week, Litecoin ended the week at $120.02.

It was a particularly bullish week. Litecoin rallied from a Sunday intraweek low $75.62 to a Saturday intraweek high $124.40.

The extended rally saw Litecoin break through the week’s major resistance levels and the 62% FIB of $100.

Litecoin also formed a near-term bullish trend in the week, after consolidating its move through the 62% FIB.

6 days in the green that included a 14.28% rally on Wednesday and a 9.66% rally on Saturday delivered the upside.

For the week ahead

Litecoin would need to avoid the $106.68 pivot to support a run at the first major resistance level at $137.74.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $124.40.

Barring an extended crypto rally, the first major resistance level and resistance at $140 would likely limit any upside.

In the event of another breakout, the second major resistance level at $155.46 and resistance at $160 would likely come into play.

Failure to avoid a fall through the $106.68 pivot would bring the 23.6% FIB of $101  into play.

Barring an extended crypto sell-off, however, Litesoin should avoid the first major support level at $88.96 and 38.2% FIB of $86. The second major support level sits at $57.90.

At the time of writing, Litecoin was down by 2.17% to $117.42. A bearish start to the week on Sunday saw Litecoin fall from an early morning high $120.24 to a low $115.16.

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

LTCUSD 201220 Daily Chart

Tron’s TRX

Tron’s TRX rallied by 9.97% in the week ending 19th December. Reversing a 6.75% fall from the week prior, Tron’s TRX ended the week at $0.03123.

It was a mixed week. Tron’s TRX fell to a Wednesday intraweek low $0.02757 before making a move.

Steering clear of the first major support level at $0.02621, Tron’s TRX rallied to a Thursday intraweek high $0.03567 before easing back

The rally saw Tron’s TRX break through the first major resistance level at $0.03103 and the second major resistance level at $0.03366.

Tron’s TRX also broke through 23.6% FIB of $0.0291 before falling back to sub-$0.030 levels.

Finding support at the 23.6% FIB, Tron’s TRX bounced back to end the week at $0.031 levels. Breaking back through the 23.6% FIB, the first major resistance level at $0.03103 pinned Tron’s TRX back.

6 days in the green that included a 7.02% rally on Wednesday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to move back through the $0.03149 pivot to support a run at the first major resistance level at $0.03541.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.035 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $0.03567 would likely cap any upside.

In the event of an extended rally, the second major resistance level at $0.03959 and resistance at $0.040 would likely come into play.

Failure to move back through the $0.03149 pivot would bring the 23.6% FIB of $0.0291 and the first major support level at $0.02731 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of sub-$0.025 levels. The second major support level sits at $0.02339.

At the time of writing, Tron’s TRX was down by 0.84% to $0.03097. A mixed start to the week on Sunday saw Tron’s TRX rise to an early morning high $0.03173 before falling to a low $0.03049.

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

TRXUSD 201220 Daily Chart