Binance Coin Mid-Week Analysis – Support Levels in Play – 26/02/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Support

It’s been another choppy 1st half of the week for Binance Coin, which saw 2 days in the red out of 3.

A bullish start to the week saw Binance Coin rise to a Monday current week high $23.55 before hitting reverse.

While falling short of the first major resistance level at $24.55, Binance Coin broke through the 38.2% FIB of $22.9.

The reversal saw Binance Coin fall to a Tuesday low $19.95 before finding support.

Binance Coin fell through the 38.2% FIB of $22.9 and the first major support level at $20.16 before support kicked in.

Late in the day on Tuesday, Binance Coin broke back through the first major support level to reduce the deficit on the day.

For the current week, Binance Coin was down by 7.73 % to $20.28, Sunday through to Tuesday. The losses for the current week came off the back of a 3.56% fall on Monday and an 8.32% slide on Tuesday.

The near-term bearish trend remained intact, however, supported by the late 2019 reversal and December’s swing lo $12.11.

It’s been a bullish start to the year, however, with Binance Coin up by 48.6% from December’s swing lo.

For the bulls, Binance Coin would need to break through the 62% FIB of $29.5 to form a near-term bullish trend.

At the time of writing, Binance Coin was down by 4.16% to $19.43. A bearish start to the day on Wednesday saw Binance Coin slide from a morning high $20.52 to a low $18.93.

Binance Coin fell through the first major support level at $20.16 to test support at the 23.6% FIB of $18.8.

BNB/USD 26/02/20 Daily Chart

For the remainder of the week

Binance Coin would need to break back through the first major support level and hit $22.70 levels to support a run at the first major resistance level at $24.55.

Support from the broader market would be needed, however, for Binance Coin to break back through the 38.2% FIB of $22.90.

Barring a broad-based crypto rebound ahead of the weekend, Binance Coin would likely come up short of $24 levels.

In the event of an extended rally, the first major resistance level at $24.55 would likely limit any upside.

Failure to break back through to $22.70 levels could see Binance Coin fall deeper into the red.

A pullback through the current week low $18.93 would bring the second major support level at $18.33 back into play.

Barring an extended crypto meltdown, however, Binance Coin should steer clear of sub-$18 levels.

Looking at the Technical Indicators

Major Support Level: $20.16

Major Resistance Level: $24.55

23.6% FIB Retracement Level: $18.8

38.2% FIB Retracement Level: $22.9

62% FIB Retracement Level: $29.5

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 23/02/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin fell by 9.36% in the week ending 22nd February. Reversing most of an 11.04% rally from the previous week, Binance Coin ended the week at $21.99.

It was bearish through the week, with Binance Coin only seeing green on 3 out of the 7 days and a 2.96% gain on Tuesday the only highlight.

The pullback saw Binance Coin rise to a Tuesday intraweek high $25.28 before sliding to a Thursday intraweek low $20.89.

Falling well short of the major resistance levels, Binance Coin fell through the 38.2% FIB of $22.9 and the first major support level at $21.48.

Finding support late in the week, Binance Coin broke back through the first major support level to hit $22 levels before easing back.

For the week ahead

Binance Coin would need to break back through to $24 levels to bring the first major resistance level at $24.55 into play.

Support from the broader market would be needed for Binance Coin to break back through the 38.2% FIB of $22.9 to hit $24 levels.

Barring a broad-based crypto rally, resistance at $25 would likely continue to limit the upside in the week.

In the event of a breakout, the second major resistance level at $27.11 would likely pin Binance Coin back.

Failure to move back through to $24 levels could see Binance Coin spend a 2nd week in the red.

A fall back to sub-$22 levels would bring the first major support level at $20.16 into play

Barring a crypto meltdown, however, Binance Coin should steer clear of sub-$20 levels.

At the time of writing, Binance Coin was up by 2.41% to $22.52. A bullish start to the week saw Binance Coin rally from an early morning low $21.96 to a high $22.95 on Sunday morning.

Steering clear of the major support levels, Binance Coin broke through the 38.2% FIB of $22.90 before easing back.

BNB/USD 23/02/20 Weekly Chart

Litecoin

Litecoin fell by just 2.45% in the week ending 22nd February. Reversing a 0.10% gain from the previous week, Litecoin ended the week at $74.88.

Bearish through the week, Litecoin fell from a Sunday intraweek high $80.80 to a Thursday intraweek low $66.00

Litecoin broke through the 38.2% FIB of $78 before hitting reverse. Falling short of the first major resistance level at $83.34, Litecoin fell through the first major support level at $71.30.

A bullish end to the week, that included a 5.55% rally on Friday, led to recovery to $70 levels to limit the loss on the week.

In spite of the recovery, 4 days in the red out of 7 left Litecoin short of the 38.2% FIB in the week.

For the week ahead

Litecoin would need to move through to last week’s high $80.80 to support a run at the first major resistance level at $81.79.

Support from the broader market would be needed for Litecoin to move back through the 38.2% FIB.

Barring an extended crypto rally, however, resistance at $80 would likely pin Litecoin back in the week once more.

Failure to move back through the 38.2% FIB could see Litecoin hit reverse.

A fall back through to sub-$74 levels would bring the first major support level at $66.99 into play.

Barring an extended sell-off, however, Litecoin should steer clear of sub-$65 levels in the week.

At the time of writing, Litecoin was up by 2.87% to $77.03. A bullish start to the week saw Litecoin rise from an early morning low $74.70 to a high $77.80 before easing back.

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

LTC/USD 23/02/20 Weekly Chart

Tron’s TRX

Tron’s TRX tumbled by 15.03% in the week ending 22nd February. Reversing an 8.30% gain from the previous week, Tron’s TRX ended the week at $0.020045.

Bearish through the week, Tron’s TRX fell from a Sunday intraweek high $0.02467 to a Thursday intraweek low $0.018843.

Steering clear of the resistance levels, Tron’s TRX fell through the first major resistance level at $0.02070.

Finding support late in the week, Tron’s TRX recovered to wrap up the week at $0.020 levels.

5-days in the red out of 7 that included a 10.50% slide on Wednesday did the damage, however.

For the week ahead

Tron’s TRX would need to move back through to $0.02120 levels to support a run at the first major resistance level at $0.02350.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.0230 levels.

In the event of a broad-based crypto rally, the second major resistance level at $0.02700 would likely limit any upside.

Failure to move through to $0.02120 could see Tron’s TRX hit reverse.

A fall back through to sub-$0.020 levels would bring the first major support level at $0.01770 into play before any recovery.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.017 levels and second major support level at $0.0154.

At the time of writing, Tron’s TRX was up by 3.57% to $0.02076. A bullish start to the week saw Tron’s TRX rise from an early morning low $0.020093 to a high $0.020867.

Tron’s TRX left the major support and resistance levels untested early on.

TRX/USD 23/02/20 Weekly Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 19/02/20

Binance

Binance Coin Price Resistance

It’s been a mixed 1st half of the week for Binance Coin, which saw 2 days in the green out of 3.

Binance Coin fell from a Sunday high $25.27 to a Monday current week low $21.30.

The reversal saw Binance Coin fall through the 38.2% FIB of $22.90 and the first major support level at $21.48.

Finding support on Monday and Tuesday, Binance Coin managed to move back through the first major support level and 38.2% FIB to wrap up the day at $23 levels.

The 2nd day in the green, saw Binance Coin fall back through the 38.2% FIB before rebounding to a current week high $25.28.

Binance Coin broke back through the 38.2% FIB to hit $25 levels for a 2nd time before easing back.

In the early part of the week, Binance Coin left the major resistance levels untested, however.

For the current week, Binance Coin was down by 0.54 % to $24.13, Sunday through to Tuesday. A 3.68% slide from Sunday left Binance Coin in the red.

The near-term bearish trend remained intact, however, supported by the late 2019 reversal and December’s swing lo $12.11.

It’s been a bullish start to the year, however, with Binance Coin up by 99.3% from December’s swing lo.

For the bulls, Binance Coin would need to break through the 62% FIB of $29.5 to form a near-term bullish trend.

At the time of writing, Binance Coin was down by 0.5% to $24.01.

BNB/USD 19/02/20 Weekly Chart

For the remainder of the week

Binance Coin would need to break back through to $24.50 levels to support a run at the first major resistance level at $27.25.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $25.28.

Barring an extended rally going into the weekend, the first major resistance level at $27.25 and last week high $27.51 would likely cap any upside.

In the event of an extended rally, Binance Coin could eye $30 levels. The second major resistance level at $30.26 should cap any upside.

Failure to break back through to $24.50 levels could see Binance Coin fall deeper into the red.

A pullback through the 38.2% FIB of $22.9 would bring the first major support level at $21.48 back into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of sub-$20 levels.

Looking at the Technical Indicators

Major Support Level: $21.48

Major Resistance Level: $27.25

23.6% FIB Retracement Level: $18.8

38.2% FIB Retracement Level: $22.9

62% FIB Retracement Level: $29.5

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 17/02/20

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

Binance Coin

Binance Coin rallied by 11.04% in the week ending 15th February. Following on from a 19.45% surge from the previous week, Binance Coin ended the week at $24.23.

A bullish start to the week saw Binance Coin rally from a Sunday intraweek low $21.74 to a Thursday intraweek high $27.51.

Binance Coin broke through the first major resistance level at $23.74 and second major resistance level at $25.69. Of greater significance, however, was a breakthrough the 38.2% FIB of $22.90.

At the start of the week, Binance Coin had steered clear of the first major support level at $18.76.

Following 4 consecutive days in the green that included an 11.93% rally, Binance Coin came under pressure.

2 days in the red out of 3, which included an 8.24% slide on Saturday saw Binance Coin fall back through the second major resistance level.

At the time of writing, Binance Coin was down by 7.54% for the current week. A 3.68% fall on Sunday and a 3.94% fall in the early part of Monday left Binance Coin in the deep red.

The bearish start to the week saw Binance Coin fall through the 38.2% FIB of $22.90 to a current week low $21.69 on Sunday.

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

For the week ahead

Binance Coin would need to break through to $24.50 levels to bring the first major resistance level at $27.25 into play.

Support from the broader market would be needed for Binance Coin to break back through the 38.2% FIB of $22.8 to hit $24 levels.

Barring a broad-based crypto rally, resistance at $25 would likely limit the upside in the week.

In the event of a breakout, the first major resistance level at $27.25 and last week’s high $27.51 would likely pin Binance Coin back.

Failure to move back through the 38.2% FIB to $24.50 levels could see Binance Coin fall deeper into the red.

A fall back to sub-$22 levels would bring the first major support level at $21.45 into play

Barring a crypto meltdown, however, Binance Coin should steer clear of sub-$20 levels.

BNB/USD 17/02/20 Weekly Chart

Litecoin

Litecoin rose by just 0.1% in the week ending 15th February. Following on from an 8.46% rally from the previous week, Litecoin ended the week at $76.66.

A mixed start to the week saw Litecoin fall to a Tuesday intraweek low $72.46 before finding support.

While steering clear of the first major support level at $69.48, Litecoin fell through the 38.2% FIB of $78.

Through the middle of the week, Litecoin bounced back to a Thursday intraweek high $84.50 before sliding back.

Litecoin moved back through the 38.2% FIB to break through the first major resistance level at $80.89.

A bearish end to the week reversed the gains, however, with a 7.89% slide on Saturday leaving Litecoin flat.

The sell-off saw Litecoin fall back through the first major resistance level and 38.2% FIB.

At the time of writing, Litecoin was down by 6.49% to $71.78 for the current week. A bearish start to the week saw Litecoin slide from a current week high $80.80 to a low $67.28 before finding support.

Steering clear of the major resistance levels, Litecoin fell through the 38.2% FIB of $78 and the first major support level at $71.30.

For the week ahead

Litecoin would need to move through to $78 levels to support a run at the first major resistance level at $83.34.

Support from the broader market would be needed for Litecoin to break back out from the current week high $80.80.

Barring a broad-based crypto rebound, however, the 38.2% FIB and resistance at $80 would likely pin Litecoin back in the week.

In the event of a rebound, last week’s high $84.50 and first major resistance level would likely cap any upside.

Failure to move back through to $78 levels could see Litecoin fall deeper into the red.

A fall back through the first major support level at $71.30 to the current week low $67.28 would bring the second major support level at $65.86 into play.

Barring an extended sell-off, however, Litecoin should steer clear of sub-$65 levels in the week.

LTC/USD 17/02/20 Weekly Chart

Tron’s TRX

Tron’s TRX rose by 8.30% in the week ending 15th February. Following on from a 14.25% rally from the previous week, Tron’s TRX ended the week at $0.023615.

Bullish through most of the week, Tron’s TRX rose from a Monday intraweek low $0.020787 to a Friday intraweek high 0.02680.

Steering clear of the major support levels, Tron’s TRX broke through the first major resistance level at $0.0242 and second major resistance level at $0.02670.

Following 6 consecutive days in the green, a 10.44% slide on Saturday, led to a fall back through the major resistance levels.

At the time of writing, Tron’s TRX was down by 10.74% to $0.021058. A bearish start to the week saw Tron’s TRX slide from a current week high 0.024670 to a low $0.020258.

Tron’s TRX fell through the first major support level at $0.02070 on Sunday before finding support.

For the week ahead

Tron’s TRX would need to move back through to $0.0237 levels to support a run at the first major resistance level at $0.02670.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.0230 levels.

In the event of a broad-based crypto rebound, the first major resistance level at $0.02670 and last week’s high $0.0268 would likely limit any upside.

Failure to move through to $0.02370 could see Tron’s TRX fall deeper into the red.

A fall back through the first major support level at $0.02070 would bring sub-$0.020 levels into play before any recovery.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.0177.

 

TRX/USD 17/02/20 Weekly Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 12/02/20

Binance

Binance Coin Price Resistance

It’s been a particularly bullish 1st half of the week for Binance Coin, which saw 3 consecutive days in the green.

Rallying from an early Sunday current week low $21.74, Binance Coin struck a Tuesday current week high $26.69 before easing back.

Steering clear of the major support levels, Binance Coin broke through the first major resistance level at $23.74 and second major resistance level at $25.69.

Of greater significance, however, was a breakthrough the 38.2% FIB of $22.90.

For the current week, Binance Coin was up by 18.29%, Sunday through to Tuesday.

An 11.9% rally on Sunday delivered the lion’s share of the gains. Support came from 3% and 2.5% gains on Monday and Tuesday.

The near-term bearish trend remained intact, however, supported by the late 2019 reversal and December’s swing lo $12.11.

It’s been a bullish start to the year, however, with Binance Coin up by 113% from December’s swing lo.

For the bulls, Binance Coin would need to break through the 62% FIB of $29.5 to form a near-term bullish trend.

At the time of writing, Binance Coin was down by 0.64% to $25.65. It was a bearish start to the day on Wednesday.  Binance Coin fell from an early morning high $26.09 to a low $25.41 early on.

The pullback saw Binance Coin fall back through the second major resistance level at $25.69.

BNB/USD 12/02/20 Daily Chart

For the remainder of the week

Binance Coin would need to break back through the second major resistance level at $25.69 to support a run at the 62% FIB of $29.5.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $26.69.

Barring an extended rally going into the weekend, resistance at $27 would likely cap any upside.

In the event of an extended rally, the 38.2% FIB of $29.5 could come into play late in the week.

Failure to break back through the second major resistance level could see Binance Coin hit reverse.

A pullback through the first major resistance level at $23.74 to sub-$20.70 levels would be needed, however, to bring the first major support level at $18.76 into play.

Barring a crypto meltdown, however, Binance Coin should steer well clear of sub-$20 levels.

Looking at the Technical Indicators

Major Support Level: $18.76

Major Resistance Level: $23.74

23.6% FIB Retracement Level: $18.8

38.2% FIB Retracement Level: $22.9

62% FIB Retracement Level: $29.5

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 09/02/20

Binance

Binance Coin

Binance Coin surged by 19.45% in the week ending 8th February. Following on from a 7.99% rally from the previous week, Binance Coin ended the week at $21.80.

Bullish through the week, Binance Coin saw 5 days in the green out of 6 before easing back on Saturday.

The breakout saw Binance Coin rise from a Sunday intraweek low $17.67 to a Friday intraweek high $22.65.

Steering clear of the major support levels, Binance Coin broke through the first major resistance level at $19.27 and second major resistance level at $20.30.

Of greater significance was a breakthrough the 23.6% FIB of $18.8 to hit $20 levels for the first time since 18th November.

A 1.05% pullback on Saturday left the 38.2% FIB of $22.90 out of reach on the day.

For the week ahead

Binance Coin would need to break through the first major resistance level at $23.74 to bring the second major resistance level at $25.69 into play.

Support from the broader market would be needed for Binance Coin to break through to $24 levels.

Barring a broad-based crypto rally, the first major resistance level would likely limit any upside in the week.

In the event of a breakout, the second major resistance level at $25.69 would likely come into play.

Failure to move through the first major resistance level at $23.74 could see Binance Coin hit reverse.

A fall back through the 38.2% FIB of $22.9 to sub-$20.70 levels would bring the first major support level at $18.76 and 23.6% FIB of $18.80 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of sub-$18 levels.

At the time of writing, Binance Coin was up by 7.14% to $23.36. A bullish start to the week saw Binance Coin jump from an early morning low $21.74 to a high $23.78.

Binance Coin broke through the 38.2% FIB of $22.90 to come up against the first major resistance level at $23.74.

BNB/USD 09/02/20 Weekly Chart

Litecoin

Litecoin rallied by 8.46% in the week ending 8th February. Following on from a 33% surge from the previous week, Litecoin ended the week at $76.67.

A bearish start to the week saw Litecoin fall to a Tuesday intraweek low $66.51 before making a move.

In spite of 3 consecutive days in the red, Litecoin steered clear of the first major support level at $57.99.

Through the rest of the week, 4 consecutive days in the green saw Litecoin rally to a Saturday intraweek high $77.92.

While Litecoin fell short of the first major resistance level at $78.14, Litecoin came up against the 38.2% FIB of $78 before easing back.

For the week ahead

Litecoin would need to move through to $79 levels to support a run at the first major resistance level at $80.89.

Support from the broader market would be needed for Litecoin to break back through to the current week’s high $78.45.

In the event of another breakout, Litecoin could visit $85 levels before any pullback. The second major resistance level at $85.11 would likely limit any upside.

Failure to move back through to $79 levels could see Litecoin hit reverse.

A fall back through the 38.2% FIB of $78.00 to sub-$73.70 levels would bring the first major support level at $69.48 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$70 levels in the week.

At the time of writing, Litecoin was up by 2.31% to $78.44. A bullish start to the week saw Litecoin rise from an early morning low $76.65 to a high $78.45.

Steering clear of the major support and resistance levels, Litecoin broke through the 38.2% FIB of $78 early on.

LTC/USD 09/02/20 Weekly Chart

Tron’s TRX

Tron’s TRX rallied by 14.25% in the week ending 8th February. Following on from an 18.62 breakout from the previous week, Tron’s TRX ended the week at $0.021807.

A relatively range-bound start to the week saw Tron’s TRX fall to a Tuesday intraweek low $0.019462 before making a move.

Steering clear of the first major support level at $0.01690, Tron’s TRX rallied to a Friday intraweek high $0.023771.

The rally saw Tron’s TRX break through the first major resistance level at $0.0206 and second major resistance level at $0.0221.

A bearish end to the week, however, led to a pullback through the second major resistance level to close out the day at $0.021 levels

For the week ahead

Tron’s TRX would need to move back through last week’s high $0.023771 to support a run at the first major resistance level at $0.02420.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.0230 levels.

In the event of a broad-based crypto rally, the second major resistance level at $0.02670 could come into play.

Failure to move through last week’s high $0.023771 could see Tron’s TRX hit reverse.

A fall back to sub-$0.0213 levels would bring the first major support level at $0.01890 into play before any recovery.

Barring a crypto meltdown, however, Tron’s TRX should steer well clear of sub-$0.020 levels in the week.

At the time of writing, Tron’s TRX was up by 3.16% to $0.022496. A bullish start to the week saw Tron’s TRX rally from an early morning low $0.021805 to a high $0.22640.

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

TRX/USD 09/02/20 Weekly Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 05/02/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Resistance

It’s been a mixed 1st half of the week for Binance Coin, which saw 2 in the green out of 3.

Rallying from an early Sunday current week low $17.67, Binance Coin struck a Monday current week high $19.14 before hitting reverse.

Steering clear of the major support levels, Binance Coin also fell short of the first major resistance level at $19.27.

Of greater significance, however, was a breakthrough the 23.6% FIB of $18.8 before a 1.83% fall on Tuesday.

The pullback saw Binance Coin fall back through the 23.6% FIB to $17 levels before recovering to $18 levels to limit the downside for the current week.

For the current week, Binance Coin was down by 0.77%, Sunday through to Tuesday.

A 1.01% rally on Sunday provided much-needed support in the early part of the week.

The near-term bearish trend remained intact, however, supported by the late 2019 reversal and December’s swing lo $12.11.

The extended sell-off had seen Binance Coin fall for 5 consecutive weeks before finding support in late December. The reversal had included a 19.3% slide in the final week of November.

At the turn of the year, Binance Coin has enjoyed 5 weeks in the green out of 6, which included a 19.4% rally in the week ending 18th January.

For the bulls, Binance Coin would need to break through the 62% FIB of $30 to form a near-term bullish trend.

At the time of writing, Binance Coin was up by 2.41% to $18.54. A bullish start to the day on Wednesday saw Binance Coin rally from an early morning low $17.76 to the current week high $19.14.

The early rally saw Binance Coin break through the 23.8% FIB of $18.8 before easing back.

Binance Coin continued to leave the major support and resistance levels untested in the early hours of Wednesday.

BNB/USD 05/02/20 Weekly Chart

For the remainder of the week

Binance Coin would need to move back through the 23.6% FIB to $19 levels to support another run at first major resistance level at $19.27.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $19.14.

Barring an extended rally going into the weekend, the first major resistance level at $19.27 would likely cap any upside.

In the event of an extended rally, the second major resistance level at $20.30 would come into play.

Failure to move back through to $19 levels could see Binance Coin fall deeper into the red.

A pullback through to sub-$18 levels would bring the first major support level at $16.98 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of sub-$16 levels.

Looking at the Technical Indicators

Major Support Level: $16.98

Major Resistance Level: $19.27

23.6% FIB Retracement Level: $18.8

38.2% FIB Retracement Level: $22.9

62% FIB Retracement Level: $29.5

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 02/02/20

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

Binance Coin

Binance Coin rallied by 7.99% in the week ending 1st February. Reversing a 4.78% fall from the previous week, Binance Coin ended the week at $18.25.

Bullish through the week, Binance Coin saw 4 consecutive days in the green before easing back.

The breakout saw Binance Coin rise from a Sunday intraweek low $16.74 to a Friday intraweek high $19.03.

Steering clear of the major support levels, Binance Coin broke through the first major resistance level at $18.21 to visit $19 levels for the first time since November.

While falling short of the second major resistance level at $19.51, Binance Coin broke through the 23.6% FIB of $18.80 before easing back.

A 1.64% slide on Friday following by a flat Saturday limited the upside for the week.

For the week ahead

Binance Coin would need to break through to $18.10 levels to support a run at the first major resistance level at $19.27.

Support from the broader market would be needed for Binance Coin to breakout from last week’s high $19.03.

Barring a broad-based crypto rally, the first major resistance level and 23.6% FIB of $18.8 would likely limit any upside in the week.

In the event of a breakout, the second major resistance level at $20.30 would likely come into play.

Failure to move through to $18.10 levels could see Binance Coin hit reverse.

A fall back through to sub-$17.50 levels would bring the first major support level at $16.98 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of sub-$16 levels.

At the time of writing, Binance Coin was down by 1.56% to $17.96. A bearish start to the week saw Binance Coin fall from an early morning high $18.28 to a low $17.82.

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

BNB/USD 02/02/20 Weekly Chart

Litecoin

Litecoin rallied by 33% in the week ending 1st February. Reversing a 10.16% slide from the previous week, Litecoin ended the week at $70.69.

Bullish through the week, Litecoin rallied from a Sunday intraweek low $52.75 to a Saturday intraweek high $72.90.

Off the back of 6 days in the green out of 7, Litecoin broke through the first major resistance level at $60.27 and second major resistance level at $67.32.

The breakout also saw Litecoin break through the 23.6% FIB of $62.

For the week ahead

Litecoin would need to move back through to $70 levels to support a run at the first major resistance level at $78.14 and 38.2% FIB of $78.

Support from the broader market would be needed for Litecoin to break back out from last week’s high $72.9.

Barring another broad-based crypto rally, however, Litecoin will likely come up short of the first major resistance level.

In the event of another breakout, Litecoin could visit $80 levels before any pullback. The second major resistance level at $85.60 would likely limit any upside.

Failure to move back through to $70 levels could see Litecoin hit reverse.

A fall back through to sub-$65.50 levels would bring the first major support level at $57.99 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$60 levels in the week.

At the time of writing, Litecoin was down by 2.94% to $68.61. A bearish start to the week saw Litecoin slide from an early morning high $70.72 to a low $67.64.

Litecoin left the major support and resistance levels untested early on Sunday.

LTC/USD 02/02/20 Weekly Chart

Tron’s TRX

Tron’s TRX rallied by 18.62% in the week ending 1st February. Reversing an 8.36% slide from the previous week, Tron’s TRX ended the week at $0.019121.

A bullish first half of the week saw Tron’s TRX rally from a Sunday intraweek low $0.016096 to a Wednesday intraweek high $0.019850.

Steering clear of the major support levels, Tron’s TRX broke through the first major resistance level at $0.01760 and the second major resistance level at $0.01900.

Through the 2nd half of the week, a 4.8% gain on Thursday was reversed with a 4.16% slide on Friday to limit the upside in the week.

For the week ahead

Tron’s TRX would need to move back through last week’s high $0.019850 to support a run at the first major resistance level at $0.02060.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.0190 levels.

Barring an extended crypto rally, Tron’s TRX would likely fall short of the first major resistance level.

In the event of a broad-based crypto rally, however, the second major resistance level at $0.0221 could come into play.

Failure to move through last week’s high $0.01985 could see Tron’s TRX hit reverse.

A fall back to sub-$0.01840 levels would bring the first major support level at $0.01690 into play before any recovery.

Barring a crypto meltdown, however, Tron’s TRX should steer well clear of sub-$0.016in the week.

At the time of writing, Tron’s TRX was down by 0.95% to $0.018940. A bearish start to the week saw Tron’s TRX fall from an early morning high $0.091087 to a low $0.01860.

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

TRX/USD 02/02/20 Weekly Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 29/01/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Resistance

It’s been a bullish 1st half of the week for Binance Coin, which saw 3 consecutive days in the green.

Rallying from an early Sunday current week low $16.74, Binance Coin struck a Tuesday current week high $18.78.

Steering clear of the major support levels, Binance Coin broke through the first major resistance level at $18.21.

The breakout saw Binance Coin come up against the 23.6% FIB of $18.8 before easing back.

A late pullback on Tuesday saw Binance Coin fall back through the first major resistance level.

For the current week, Binance Coin was up by 7.22%, Sunday through to Tuesday.

A 3.2% rally on Sunday and 2.69% gain on Tuesday delivered the upside through the early part of the week.

The near-term bearish trend remained intact, however, supported by the late 2019 reversal and December’s swing lo $12.11.

The extended sell-off had seen Binance Coin fall for 5 consecutive weeks before finding support in late December. The reversal had included a 19.3% slide in the final week of November.

At the turn of the year, Binance Coin had enjoyed 4 consecutive weeks in the green before last week’s 4.78% loss.

For the bulls, Binance Coin would need to break through the 62% FIB of $30 to form a near-term bullish trend.

At the time of writing, Binance Coin was down by 0.56% to $18.02. A mixed start to the day on Wednesday saw Binance Coin fall from an early morning high $18.21 to a low $17.91 before finding support.

Binance Coin came up against the first major resistance level at $18.21 before easing back.

BNB/USD 29/01/20 Weekly Chart

For the remainder of the week

Binance Coin would need to move back through the first major resistance level at $18.21 to support another run at the 23.6% FIB of $18.8.

Support from the broader market would be needed, however, for Binance Coin to break through to $19 levels.

Barring an extended rally going into the weekend, the 23.6% FIB and resistance at $19 would likely cap any upside.

In the event of an extended rally, the second major resistance level at $19.51 would come into play.

Failure to move back through the first major resistance level could see Binance Coin hit reverse.

A pullback through to sub-$17.30 levels would bring the first major support level at $15.97 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of sub-$16 levels.

Looking at the Technical Indicators

Major Support Level: $15.97

Major Resistance Level: $18.21

23.6% FIB Retracement Level: $18.8

38.2% FIB Retracement Level: $22.9

62% FIB Retracement Level: $29.5

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 26/01/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin fell by 4.78% in the week ending 25th January. Partially reversing a 19.4% surge from the previous week, Binance Coin ended the week at $16.92.

A bullish start to the week saw Binance Coin strike an early Sunday intraweek high $18.56 before hitting reverse.

Falling short of the first major resistance level at $19.44, Binance Coin slid to a Sunday low $16.42 before finding support to close out the day at $17 levels.

After a 2.43% fall on Sunday and a 0.43% fall on Monday, Binance Coin found support on Tuesday. A 4.55% rally on Tuesday saw Binance Coin return to $18 levels before sliding back into the red.

3 days in the red out of 4 saw Binance Coin fall back to close out the week at sub-$17 levels.

For the week ahead

Binance Coin would need to break through to $17.30 levels to support a run at the first major resistance level at $18.21.

Support from the broader market would be needed for Binance Coin to move back through to $18 levels.

Barring a broad-based crypto rally, the first major resistance level and 23.6% FIB of $18.8 would likely limit any upside in the week.

In the event of a breakout, the second major resistance level at $19.51 would likely come into play.

Failure to move through to $17.30 levels could see Binance Coin spend a 2nd consecutive week in the red.

A fall back through last week’s low $16.32 would bring the first major support level at $15.97 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of sub-$15 levels. The second major support level at $15.03 should limit any downside.

At the time of writing, Binance Coin was up by 0.39% to $16.95. A bullish start to the day saw Binance Coin rise from an early Sunday low $16.75 to a high $17.11.

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

BNB/USD 27/01/20 Weekly Chart

Litecoin

Litecoin slid by 10.16% in the week ending 25th January. Partially reversing a 20.07% jump from the previous week, Litecoin ended the week at $53.22.

Tracking the broader market, Litecoin rallied to a Sunday intraweek high $62.50 before hitting reverse.

While falling short of the first major resistance level at $65.36, Litecoin broke through the 23.6% FIB of $62 on the day before hitting reverse.

The reversal saw Litecoin slide through the first major support level at $51.01 to a Friday intraweek low $50.63 before finding support.

While recovering to $53 levels, 5 days in the red, which included a 6.33% slide on Thursday did the damage.

For the week ahead

Litecoin would need to move through to $55.50 levels to support a run at the first major resistance level at $60.27.

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

Barring abroad-based crypto rally, the first major resistance level and the 23.6% FIB of $62 would likely cap any upside.

Failure to move through to $55.50 levels could see Litecoin hit reverse once more.

A fall back through to last week’s low $50.63 would bring the first major support level at $48.40 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$48 levels.

At the time of writing, Litecoin was up by 0.3% to $53.38. A mixed start to the week saw Litecoin rise from an early morning low $52.75 to a high $53.80.

Litecoin left the major support and resistance levels untested early on Sunday.

LTC/USD 27/01/20 Weekly Chart

Tron’s TRX

Tron’s TRX slid by 8.36% in the week ending 25th January. Partially reversing a 21.82% breakout from the previous week, Tron’s TRX ended the week at $0.016184.

A choppy start to the week saw Tron’s TRX strike a Sunday intraweek high $0.018081 before hitting reverse.

Falling short of the first major resistance level at $0.01920, Tron’s TRX fell to a Thursday intraweek low $0.015727.

Steering clear of the first major support level at $0.01540, Tron’s TRX recovered to $0.016 levels to reduce the deficit for the week.

While Tron’s TRX fell on just 3 of the 7 days last week, a 6.2% slide on Sunday and 6.54% slide on Thursday did the damage.

For the week ahead

Tron’s TRX would need to move back through to $0.01670 levels to support a run at the first major resistance level at $0.01760.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.0170 levels.

Barring an extended crypto rally, the first major resistance level would likely pin Tron’s TRX back from $0.018 levels.

In the event of a broad-based crypto rally, however, the second major resistance level at $0.0190 would likely come into play.

Failure to move through to $0.01760 levels could see Tron’s TRX spend another week in the red.

A fall back to sub-$0.016 levels would bring the first major support level at $0.01520 into play before any recovery.

Barring a crypto meltdown, however, Tron’s TRX should steer well clear of sub-$0.015 and the second major support level at $0.01430.

At the time of writing, Tron’s TRX was up by 0.61% to $0.016282. A bullish start to the day on Sunday saw Tron’s TRX rise from an early morning low $0.016096 to a high $0.016282.

Tron’s TRX left the major support and resistance levels untested early on.

TRX/USD 27/01/20 Weekly Chart