Binance Coin Analysis – Resistance Levels in Play – 22/05/19

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Binance Coin Price Resistance

It’s been a particularly bullish start to the week for Binance Coin. Following on from a 38.2% surge last week, Sunday through Saturday, Binance Coin has seen green for 3-consecutive days.

Binance Coin is up by 12.62% to $32.48 for the current week, Sunday through Tuesday.

Following a new swing hi $32.99 on Sunday, a 10.21% rally on Tuesday saw Binance Coin strike a new swing hi $33.58 before easing back to $32 levels.

The bullish start to the week saw Binance Coin steer well clear of the week’s first major support level at $21.97. Of greater significance was a move away from the 23.6% FIB following a Sunday current week low $25.39.

3 consecutive days and a double-digit rally on Tuesday saw Binance Coin break through the first major resistance level at $32.89.

Following a 30.3% gain in April, it’s been a particularly bullish month for Binance Coin. For the current month to the end of Tuesday, Binance Coin was up by 40.1%.

The near-term bullish trend formed at 7th December’s swing lo $4.17 remained firmly intact. Binance Coin is up by 413% year-to-date, with Tuesday’s new swing hi $33.58 supporting further upside near-term.

For the bulls, steering clear of the 23.6% FIB of $27 will be key to maintaining the upward momentum.

At the time of writing, Binance Coin was down by 2.4% to $31.704.

BNB/USD 22/05/19 Weekly Chart

For the remainder of the week

A move back through to $32 levels and the first major resistance level at $32.89 would support a bullish 2nd half of the week.

Binance Coin would need support from the broader market, however, to break out from $32 levels on the week.

Following Tuesday’s rally, where Binance Coin outperformed the broader market, a lack of momentum across the majors would likely limit the upside in the coming days.

In the event of a pre-weekend crypto rally, Binance Coin would take a run at the second major resistance level at $36.94 before any pullback.

A lack of support from the broader market would likely leave Binance Coin at $30 levels by the weekend.

Failure to move back through the first major resistance level at $32.89 could see Binance Coin give up some of the current week gains.

A pullback through to sub-$30 levels could see Binance Coin test the 23.6% FIB of $27 before any recovery.

Barring a crypto meltdown, Binance Coin will likely steer well clear of the first major support level at $21.97.

For the bears, a slide back through to $25 levels would be the signal for a more material sell-off.

Looking at the Technical Indicators

 

Major Support Level: $29.0

Major Resistance Level: $34.8

23.6% FIB Retracement Level: $27

38.2% FIB Retracement Level: $22

62% FIB Retracement Level: $15

Altcoins Weekly Analysis – ADA, BNB and ETH – 19/05/19

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Cardano’s ADA

Cardano’s ADA rose by 6.1% in the week ending 18th May. Following on from a 6.25% gain from the previous week, Cardano’s ADA ended the week at $0.07885.

After a bearish start to the week, Cardano’s ADA recovered from a Monday intraday week low $0.062608 to strike a Thursday intraweek high $0.101313.

Holding above the major support levels, Cardano’s ADA broke through the first major resistance level at $0.0853 and second major resistance level at $0.0962.

A sell-off from the week high led to 3 consecutive days in the red and a pullback to sub-$0.080 levels.

For the week ahead,

A move through to $0.0810 levels would be needed to shake off the negative bias from late last week.

Cardano’s ADA would need the support of the broader market, however, to take a run at $0.090 levels. In the event of another crypto rally, Cardano’s ADA would likely test the first major resistance level a $0.0992 before any pullback.

Barring another crypto breakout, last week’s high $0.101313 would likely limit the upside for the week to leave the second major resistance level at $0.1196 out of reach.

Failure to move through to $0.0810 levels could see Cardano’s ADA continue the reversal.  A fall through to $0.074 levels would bring $0.065 levels into play before any recovery.

Barring a broad-based crypto sell-off, however, Cardano’s ADA will likely steer clear of the first major support level at $0.0605.

At the time of writing, Cardano’s ADA was down by 0.01% to $0.078839.

ADA/USD 19/05/19 Weekly Chart

Binance Coin

BNB rallied by 38.19% in the week ending 18th May. Reversing the previous week’s 12.6% slide with interest, Binance Coin ended the week at $28.84.

A bullish first half of the week saw Binance Coin rally from an intraweek low $19.15 to a Thursday high $28.95 before easing back.

Steering clear of the major support levels, Binance Coin broke through the first major resistance level at $24.38 and second major resistance level at $27.83.

The pullback saw Binance Coin fall to $22 levels before a trend-bucking rally on Saturday. Binance Coin rallied to an intraweek high and new swing hi $30.07 before easing back to $28 levels.

Binance Coin managed to break back through and hold above the second major resistance level at $27.83.

Of greater significance through the week was Binance Coin’s move through the 38.2% FIB of $18.08 and breakout from the 23.6% FIB of $21.36 to reaffirm the near-term bullish trend, formed at early December’s swing lo $4.1724.

For the week ahead,

A hold above $27 levels through the early part of the week would support another bullish week ahead.

Binance Coin would need to move through to $29 levels to bring last week’s high $30.07s back into play.

Support from the broader market would be needed, however, for Binance Coin to break through the first major resistance level at $32.74.

Failure to hold above $27 levels could see Binance Coin give up some of last weeks gains. A pullback through to $25 levels would bring $23 levels into play before any recovery.

Barring a broad-based crypto sell-off, Binance Coin would likely steer clear of the first major support level at $22.05.

In the event of a sell-off, expect a visit to $20 levels before any recovery.

At the time of writing, Binance Coin was down by 1.31% to $28.46.

BNB/USD 19/05/19 Weekly Chart

Ethereum

Ethereum surged by 21.52% in the week ending 18th May. Following on from an 18.9% rally from the previous week, Ethereum ended the week at $234.03.

After a bearish start to the week that saw Ethereum fall to an intraday week low $182.39, it was bullish through to a Thursday intraweek high $281.77.

Steering clear of the week’s major support levels, Ethereum broke through the first major resistance level at $213.92 and second major resistance level at $235.32.

Of greater significance was a break through the 23.6% FIB of $257 for the first time since last September.

A bearish end to the week saw Ethereum pullback through the 23.6% FIB to $222 levels before finding support.

For the week ahead,

A hold onto $230 levels through the early part of the week would support another run at the 23.6% FIB of $257.

Ethereum would need support from the broader market, however, to break out from $250 levels and take a run at the first major resistance level at $283.07.

Barring another broad-based crypto rally, last week’s high $281.77 would likely cap the upside on the week.

Failure to hold onto $230 levels could see Ethereum continue late last week’s reversal. A fall through to $210 levels would bring the $190 levels into play before any recovery.

Barring a broad-based crypto sell-off, however, Ethereum would likely steer clear of the first major support level at $183.69.

At the time of writing, Ethereum was down by 0.04% to $233.94.

ETH/USD 19/05/19 Daily Chart

Ethereum Analysis – Resistance Levels in Play – 15/05/19

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Ethereum Price Resistance

It’s been a bullish start to the week for Ethereum. Following on from last week’s 18.9% rally, Ethereum is up by 12.9%, Sunday through Tuesday. After a bearish Sunday that saw Ethereum fall to a current week low $183.39, it’s been in the hands of the bulls all the way.

A 2.23% loss from Sunday was reversed with interest with Ethereum rallying to a Tuesday and current week high $219.49.

Following Saturday’s first visit to $200 levels since last November, a 4.4% gain on Monday and a 10.7% rally on Tuesday left Ethereum well above the $200 mark.

“The Rally” saw Ethereum break through and hold above the week’s first major resistance level at $213.92.

At the start of the week, Ethereum managed to steer well clear of the week’s first major support level at $164.2 in spite of Sunday’s reversal.

Following a 13.6% gain in April, it’s been a bullish month for Ethereum. The latest rally through to the end of Tuesday gave Ethereum a 35.6% gain for the current month.

The extended bearish trend, formed at last May’s swing hi $828.97, remained firmly intact, however. Ethereum continued to fall short of the 23.6% FIB Retracement Level of $257, following December’s swing lo $80.6.

For the bulls, a breakout from the 23.6% FIB of $257 to test the 38.2% FIB of $367 would be needed to form a near-term bullish trend. Based on the current trend, Ethereum could be looking at $300 levels before the end of the current month.

At the time of writing, Ethereum was up by 0.42% to $218.36.

ETH/USD 15/05/19 Weekly Chart

For the remainder of the week

A move through to $225 levels would support a run at the second major resistance level at $235.32.

With the current sentiment reminiscent of late 2017, momentum could support a run at the 23.6% FIB of $257 later in the week.

Support from the broader market would be needed, however, for Ethereum to breakout from any move through to $230 levels.

A lack of support from the broader market could see Ethereum’s upside capped by the second major resistance level at $235.32.

Failure to move through to $225 levels could see Ethereum come under pressure. A lack of forward momentum would likely lead to some profit taking later in the week.

A fall through the first major resistance level at $213.92 would bring sub-$210 levels into play before any recovery.

Barring a broad-based crypto sell-off, however, Ethereum will likely steer well clear of the week’s first major support level at $164.2.

In the event of a reversal, holding above $185 levels will be considered key through the week.

Looking at the Technical Indicators

 

Major Support Level: $164.2

Major Resistance Level: $213.92

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Altcoins Weekly Analysis – ADA, BNB and ETH – 12/05/19

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Cardano’s ADA

Cardano’s ADA gained 6.25% in the week ending 11th May. Reversing a 2.93% loss from the previous week, Cardano’s ADA ended the week at $0.07432.

Bearish through much of the week, Cardano’s ADA fell to an intraweek low $0.05790 on Friday. The pullback saw Cardano’s ADA fall through the first major support level at $0.0642. The second major support level at $0.0585 limited the downside in the week.

A bullish Saturday reversed the week’s losses, with Cardano’s ADA rallying to an intraweek high $0.08254.

Finding support from the broader market, Cardano’s ADA broke through the first major resistance level at $0.0771. A late pullback on Saturday saw Cardano’s ADA ease back through the first major resistance level at the day’s end.

For the week ahead

A hold above $0.0720 levels would support further upside for Cardano’s ADA in the week ahead. A move back through to $0.080 levels would bring the first major resistance level at $0.0853 into play.

Support from the broader market would be needed, however, for Cardano’s ADA to breakout from $0.085 levels.

Barring a crypto rally, Cardano’s ADA will likely fall short of $0.090 levels. In the event of another rally, Cardano’s ADA will likely test the second major resistance level at $0.0962 before any pullback.

Failure to hold above $0.0720 levels could see Cardano’s ADA resume its run of weekly losses. A fall back through to $0.065 levels would bring the first major support level at $0.06060 into play.

Barring a crypto meltdown, Cardano’s ADA will likely steer clear of sub-$0.060 levels in the week.

At the time of writing, Cardano’s ADA was up by 1.27% to $0.075255.

ADA/USD 12/05/19 Weekly Chart

Binance Coin

BNB tumbled by 12.6% in the week ending 11th May. Reversing a 4.68% gain from the previous week, Binance Coin ended the week at $20.92.

A particularly bearish start to the week saw Binance Coin slide from $24 levels to an intraweek low $17.8 on Saturday.

The reversal saw Binance Coin slide through the first major support level at $21.66 and second major support level at $19.37.

Of greater significance was a fall through the 23.6% FIB of $21.36. Support at the 38.2% FIB of $18.08 ultimately prevented heavier losses in the week.

Bouncing back on Saturday, supported by the broader market, Binance Coin struck an intraweek high $24.55 before easing back.

The rally saw Binance Coin break back through the 38.2% FIB and 23.6% FIB before the late Saturday pullback.

For the week ahead

A hold onto $21 levels through the early part of the week would provide some much-needed support for the week ahead.

Sentiment towards Binance Coin will need to materially shift, however, for Binance Coin to break through the first major resistance level at $24.38.

Barring a broad-based crypto rally, Binance would likely come up short of the second major resistance level at $27.83. A 3rd May swing hi $26.67 would likely cap any upside through the week.

Failure to hold onto $21 levels could see Binance coin hit take another weekly hit. A pullback through to sub-$20 levels would bring the first major support level at $17.63 into play.

Barring a crypto meltdown, however, Binance Coin would likely steer clear of sub-$17 levels in the week.

At the time of writing, Binance Coin was up by 1.08% to $21.15.

BNB/USD 12/05/19 Weekly Chart

Ethereum

Ethereum rallied by 18.9% in the week ending 11th May. Following on from a 3.93% gain from the previous week, Ethereum ended the week at $192.52.

Bullish through most of the week, Ethereum rallied from a Sunday intraweek low $157.28 to a Saturday intraweek high $207.

Steering clear of the major support levels, Ethereum broke through the major resistance levels before a late Saturday pullback.

The late pullback saw Ethereum fall back through the third major resistance level at $200.87.

For the week ahead

A move back through last weeks high $207 would support a run at the first major resistance level at $213.92.

Ethereum would need support from the broader market, however, to break out from $213 levels to take a run at $220 levels later in the week.

Barring another broad-based crypto rally, Ethereum would likely come up short of the second major resistance level at $235.32.

Failure to move back through last weeks high $207 could see Ethereum give up some of the previous week’s gains.

A fall through to $185 levels could bring $170 levels into play before any recovery. Barring a crypto meltdown, however, Ethereum will likely avoid sub-$180 levels and the first weekly support level at $164.20.

At the time of writing, Ethereum was by 2.93% to $197.97.

ETH/USD 12/05/19 Weekly Chart

Ethereum Analysis – Resistance Levels in Play – 08/05/19

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Ethereum Price Resistance

It’s been a particularly choppy start to the week for Ethereum. A bearish start to the week saw Ethereum fall by 0.37% on Sunday to $161 levels before finding support.

Bullish through the day on Monday, Ethereum rallied through to a Tuesday current week high $180.69 before sliding back.

A 6.08% rally on Monday has been the highlight of the week thus far, with a 2.67% fall on Tuesday only partially reversing the early in the week rally.

The early in the week rally saw Ethereum break through the first major resistance level at $171.14 to hit $180 levels on Tuesday. Breaking through to $180 levels, the second major resistance level at $180.42 capped the upside early on in the week.

Support in the week came from talk of a possible approval of Ethereum futures. The support was short-lived, however.

Tuesday’s pullback from the current week high to sub-$170 levels saw Ethereum fall back through the week’s major resistance levels.

A start of a week low $157.28 saw Ethereum hold well above the first major support level at $150.69.

Following a 13.6% gain in April, it’s been a relatively positive start to the month for Ethereum. In spite of the pullback from $180 levels, Ethereum is up by 6.7% to the end of Tuesday.

The extended bearish trend, formed at last May’s swing hi $828.97, remained firmly intact, however. Ethereum continued to fall short of the 23.6% FIB Retracement Level of $257, following December’s swing lo $80.6.

For the bulls, a breakout from the 23.6% FIB of $257 to test the 38.2% FIB of $367 would be needed to form a near-term bullish trend.

At the time of writing, Ethereum was up 0.29% to $167.0.

ETH/USD 08/05/19 Weekly Chart

For the remainder of the week

A move back through to $168.5 levels would support another run through the first major resistance level at $171.14.

Support from the broader market would be needed, however, for Ethereum to breakout from current levels. Barring a broad-based crypto rally, Tuesday’s reversal from $180 levels will likely cap any upside for the week to sub-$180 levels.

In the event of a 2nd rally, Ethereum would likely break back through the second major resistance level at $180.42 to bring the current year high $187.62 into play before any pullback.

Failure to move through $168.5 could see Ethereum come under pressure later in the week. A pullback through to sub-$160 levels could bring the first major support level at $150.69 into play.

Barring a crypto meltdown, however, Ethereum will likely steer well clear of sub-$150 levels and last week’s low $148.81.

Looking at the Technical Indicators

 

Major Support Level: $150.69

Major Resistance Level: $171.14

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Altcoins Weekly Analysis – EOS, ETH and XLM – 05/05/19

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EOS

EOS rallied by 6.98% in the week ending 4th May. Partially reversing an 11.54% slide from the previous week, EOS ended the week at $5.179.

Another bearish start to the week saw EOS fall from a Sunday high $4.9698 to a Monday intraweek low $4.61.

The early in the week sell-off saw EOS hold above the first major support level at $4.4165.

Finding support from the broader market, EOS rallied to a Friday intraweek high $5.4507 before easing back. The rally saw EOS break through the week’s first major resistance level at $5.3757.

A bearish end to the week saw EOS pull back through the first major resistance level to test support at $5.00 before moving back to $5.1 levels.

For the bulls, the lion’s share of the weekly gains came from a 7.2% rally on Tuesday and Friday’s 6.1% gain.

For the week ahead,

A hold onto $5.10 levels through the early part of the week would bring the first major resistance level at $5.55 into play.

Further support from the broader market would be needed, however, for EOS, to break out from last week’s high $5.4507.

In the event of another crypto rally, EOS would likely take a run at the second major resistance level at $5.92. We would expect EOS to continue to fall short of $6.00 levels, however.

Failure to hold onto $5.10 levels could see EOS hit reverse. A fall back through to sub-$5.00 levels would bring the first major support level at $4.7091 into play.

Barring a crypto meltdown, EOS would likely steer well clear of the second major support level at $4.2392 and sub-$4.00 levels.

At the time of writing, EOS was down by 0.09% to $5.1742.

EOS/USD 05/05/19 Weekly Chart

Ethereum

Ethereum rose by 3.93% in the week ending 4th May. Partially reversing a 10.41% tumble from the previous week, Ethereum ended the week at $161.85.

A bearish start to the week saw Ethereum fall from a Sunday high $156.45 to a Monday intraweek low $148.81.

Steering well clear of the week’s first major resistance level at $142.16, Ethereum rallied to a Friday intraweek high $169.26.

Falling short of $170 levels and the first major resistance level at $173.00, Ethereum eased back to $161 levels on a bearish Saturday.

For the week ahead,

A hold onto $160 levels through the early part of the week would support further upside in the week. A break back through to $165 levels would bring $170 levels into play before any pullback.

Support from the broader market would be needed, however, for Ethereum to take a run at the first major resistance level at $171.14.

Barring another broad-based crypto rally, Ethereum will likely come up short of $170 levels for a 2nd consecutive week.

Failure to hold onto $160 levels could see Ethereum slide back to $155 levels before finding support. Barring a broad-based crypto sell-off, Ethereum will likely steer clear of the first major support level at $150.69.

In the event of a crypto meltdown, Ethereum could revisit last week’s low $148.81 before any recovery.

At the time of writing, Ethereum was up 0.17% to $162.13.

ETH/USD 05/05/19 Weekly Chart

Stellar’s Lumen

Stellar’s Lumen fell by 0.24% in the week ending 4th May. Following an 11.40% slump from the previous week, Stellar’s Lumen ended the week at $0.10359.

Another bearish start to the week saw Stellar’s Lumen fall from a Sunday high $0.1048 to a Monday intraweek low $0.098663.

Holding above the first major support level at $0.0928, Stellar’s Lumen recovered to a Friday intraweek high $0.10883.

Falling short of the first major resistance level at $0.1136, Stellar’s Lumen slid back on Saturday, leaving Stellar’s Lumen in the red for the week.

For the week ahead,

A hold onto $0.10370 levels through the early part of the week would support a positive week ahead. Stellar’s Lumen would need to break through $0.1060 levels to bring the first major resistance level at $0.1087 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to breakout from $0.1040 levels.

Barring a broad-based crypto rally, Stellar’s Lumen will fall short of $0.11 levels for a 2nd consecutive week. Last week’s high $0.10883 would limit any upside through the week.

Failure to hold onto $0.10370 levels could see Stellar’s Lumen hit reverse. A fall through to $0.1015 levels would bring sub-$0.10 levels into play before any recovery.

Barring a crypto meltdown, the first major support level at $0.0986 would likely limit any downside in the week. In the event of a meltdown, the second major support level at $0.0935 would come into play before any recovery.

At the time of writing, Stellar’s Lumen was up by 0.14% to $0.10374.

XLM/USD 05/05/19 Weekly Chart

Cardano’s ADA Analysis – Support Levels in Play – 01/05/19

Cardano Crypto Currency Market

Cardano’s ADA Price Support

It’s been another choppy start to the week for Cardano’s ADA. The moves through the early part of the week come off the back of a 4.12% fall in the week ending 28th April.

Last week’s pullback marked a 3rd consecutive week in the red for Cardano’s ADA, with a 12.9% slide in the week ending 21st April doing most of the damage.

A bearish start to the week saw Cardano’s ADA fall by 4.22% on Monday. The reversal saw Cardano’s ADA fall to a current week low $0.06567 before finding support. Holding above the week’s first major support level at $0.0633, Cardano’s ADA rallied to a Tuesday current week high $0.074078.

In spite of an 8.2% rebound on Tuesday, Cardano’s ADA came up short of the week’s first major resistance level at $0.0813.

For April, while a number of the crypto majors saw solid gains, it’s been a relatively bearish month. Cardano’s ADA fell by 4.02% in the month of April. The losses came in spite a particularly bullish start to the month that saw Cardano’s ADA strike a current year high $0.103722.

In spite of the pullback since the current year high $0.103722, it’s been a particularly positive start to the year. Cardano’s ADA is up 76% year-to-date to the end of Tuesday.

The extended bearish trend, formed at last May’s swing hi $0.38845, remained firmly intact, however. Cardano’s ADA continued to fall short of the 23.6% FIB Retracement Level of $0.1125, following December’s swing lo $0.02724.

For the bulls, a breakout from the 23.6% FIB of $0.1125 to test the 38.2% FIB of $0.1652 would be needed to form a near-term bullish trend.

At the time of writing, Cardano’s ADA was down by 1.79% to $0.072429.

ADA/USD 01/05/19 Weekly Chart

For the remainder of the week

A move back through $0.0735 levels would support a run at the current week’s high $0.074816, struck early this morning.

Support from the broader market would be needed, however, for Cardano’s ADA to take a run at the week’s first major resistance level at $0.0813.

Barring a broad-based crypto rebound, Cardano’s ADA would likely fail to return to $0.080 levels.

In the event of a broad-based rebound, $0.086 levels could come into play before any pullback. However, Cardano’s ADA will likely come up short of $0.090 levels.

Failure to move through to $0.0735 levels could give Cardano’s ADA a 4th consecutive week in the red.

A fall through the current week low $0.06727 would bring the week’s first major support level at $0.0633 into play.

Barring a broad-based crypto sell-off, Cardano’s ADA would likely steer clear of sub-$0.06 levels in the week.

Looking at the Technical Indicators

Major Support Level: $0.0633

Major Resistance Level: $0.0813

23.6% FIB Retracement Level: $0.1125

38.2% FIB Retracement Level: $0.1652

62% FIB Retracement Level: $0.2505

Altcoins Weekly Analysis – EOS, ETH and XLM – 28/04/19

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

EOS

EOS slid by 8.05% in the week ending 27th April. Reversing a 2.39% gain from the previous week, EOS ended the week at $4.8394.

A bearish start to the week saw EOS slide from a Sunday intraweek high $5.4892 to a Thursday intraweek low $4.53.

The reversal saw EOS slide through the first major support level at $5.2383 and second major support level at $5.0065. Heavier losses avoided, with support coming at the third major support level at $4.5638.

The start of the week high fell well short of the week’s first major resistance level at $5.6810.

A 5.8% rally on Friday back through to $4.80 levels limited the downside for the week.

For the bears, EOS saw red on 5 of the 7 days. EOS saw its heaviest loss of 6.29% on Wednesday. More significantly, it’s been downhill since 10th April’s current year high of $6.0726…

For the week ahead,

A move through $4.95 levels would bring $5.00 levels back into play on the week. Support from the broader market would be needed, however, for EOS to breakout from $5.00 levels. A move through to $5.20 would bring the first major resistance level at $5.3757 into play before any pullback.

Barring a broad-based crypto rally, EOS would likely come up short of $6.00 levels. The second major resistance level at $5.9121 would cap the upside in the week.

Failure move through to $4.95 levels could see EOS slide back through last week’s low $4.53.  A pullback through to $4.50 would bring the first major support level at $4.4165 into play before any recovery.

Barring a crypto meltdown, EOS would likely steer well clear of sub-$4.00 support levels on the week.

At the time of writing, EOS was up by 0.35% to $4.8561.

EOS/USD 28/04/19 Weekly Chart

Ethereum

Ethereum tumbled by 10.41% in the week ending 27th April. Reversing a 6.09% gain from the previous week, Ethereum ended the week at $155.66.

A relatively choppy start to the week saw Ethereum recover from a Sunday low $166.33 to a Tuesday intraweek high $176.94.

Falling short of the first major resistance level at $173, Ethereum slid to Thursday intraweek low $146.00. 3 consecutive days in the red that included an 8.3% sell-off on Thursday did the damage.

The reversal saw Ethereum fall through the first major support level at $160.54 and second major support level at $147.35.

A partial recovery on Friday and Saturday through to $155 levels reduced the deficit for the week.

For the week ahead,

A move through to $159.50 levels would support a partial recovery of last week’s losses. Support from the broader market would be needed, however, for Ethereum to take a run at $170 levels.

Barring a broad-based crypto rally, Ethereum would likely struggle to break out from $165 levels in the event of a move through to $160 levels. In the event of a broad-based crypto rebound, the first major resistance level at $173 would likely cap the upside on the week.

Failure to move through to $159.50 levels could see Ethereum take another weekly hit. A pullback through to sub-$150 levels could see Ethereum slide through the morning low $146 before any recovery.

Barring a broad-based crypto sell-off, however, Ethereum would likely hold above the week’s first major support level at $142.16.

At the time of writing, Ethereum was up 0.23% to $156.02.

ETH/USD 28/04/19 Weekly Chart

Stellar’s Lumen

Stellar’s Lumen slumped by 11.49% in the week ending 27th April. Following on from a 1.19% fall from the previous week, Stellar’s Lumen ended the week at $0.1021.

A bearish start to the week saw Stellar’s Lumen fall from an intraweek high $0.11586 to a Sunday low $0.10935 before recovering to $0.11 levels.

The partial recovery to $0.11 levels left Stellar’s Lumen well short of the first major resistance level at $0.1203. Succumbing to market forces, Stellar’s Lumen tumbled to a Thursday intraweek low $0.09509 before finding support.

The reversal saw Stellar’s Lumen fall through the first major support level at $0.1105 and second major support level at $0.1057. The third major support level at $0.09590 limited the downside on the week.

2 consecutive days in the green at the end of the week reduced the deficit for the week.

For the week ahead,

A move through to $0.1045 levels would be needed to support a partial recovery of last week’s losses.

Having tracked the market through the last week, support from the broader market would be needed for Stellar’s Lumen to breakout from $0.1045 levels.

A broad-based crypto rebound would bring $0.11 levels and the first major resistance level at $0.1136 into play. Stellar’s Lumen would likely fall short of a return to $0.12 levels, however. Last week’s high $0.11586 would likely cap the upside on the week.

Failure to move through to $0.1045 levels could see Stellar’s Lumen take another hit in the week ahead.

A fall through to sub-$0.10 levels would bring the first major support level at $0.0928 into play before any recovery.

Barring another crypto meltdown, however, Stellar’s Lumen would likely steer clear of sub-$0.090 support levels.

At the time of writing, Stellar’s Lumen was up by 0.83% to $0.10384.

XLM/USD 28/04/19 Weekly Chart

Cardano’s ADA Analysis – Support Levels in Play – 24/04/19

Cardano Crypto Currency Market

Cardano’s ADA Price Support

It’s been a particularly choppy start to the week for Cardano’s ADA. The latest swings come off the back of a 12.9 slide last week, which followed on from a 6.3% fall in the week prior.

A bullish start to the week saw Cardano’s ADA rally by 6.22% to reverse most of last week’s losses before hitting reverse. Outperforming the rest of the top 10 cryptos on Monday, a broad-based reversal on Tuesday weighed heavily.

The reversal saw Cardano’s ADA slide by 5.73% to $0.074262, wiping out most of Monday’s gains to resume the recent reversal that has been ongoing since a 3rd April high $0.103722.

Moves through the early part of the week saw Cardano’s ADA rise to a current week high $0.083694 on Tuesday.

Cardano’s ADA broke through the week’s first major resistance level at $0.08310 before sliding to a Tuesday low $0.071654.

In spite of the Tuesday sell-off, Cardano’s ADA steered clear of the week’s first major support level at $0.0685.

The extended bearish trend, formed at last May’s swing hi $0.38845, remained firmly intact. Cardano’s ADA continued to fall short of the 23.6% FIB Retracement Level of $0.1125, following December’s swing lo $0.02724.

In spite of the pullback since the current year high $0.103722, it’s been a particularly positive start to the year. Cardano’s ADA is up 77% year-to-date to the end of Tuesday.

For the bulls, a breakout from the 23.6% FIB of $0.1125 to test the 38.2% FIB of $0.1652 would be needed to form a near-term bullish trend.

At the time of writing, Cardano’s ADA was down by 0.11% to $0.074183.

ADA/USD 24/04/19 Weekly Chart

For the remainder of the week

A move back through $0.0770 levels would support a return to $0.080 levels later ahead of the weekend.

Support from the broader market would be needed, however, for Cardano’s ADA to take a run at the first major resistance level at $0.0831.

Following 3rd April’s high, a lack of a broad-based crypto rally would likely see Cardano’s ADA struggle at $0.080 levels.

In the event of a rebound, a breakthrough the first major resistance level would bring $0.090 levels into play going into the weekend.

Failure to move through to $0.0770 levels could see Cardano’s ADA struggle through the week. A pullback through the current week low $0.071654 would bring sub-$0.070 levels into play.

Barring a crypto meltdown, however, the first major support level at $0.0685 would likely limit the downside in the week.

In the event of a broad-based sell-off, Cardano’s ADA would likely steer clear of sub-$0.060 levels. The second major support level at $0.0628 would provide the necessary support.

Looking at the Technical Indicators

Major Support Level: $0.0685

Major Resistance Level: $0.0831

23.6% FIB Retracement Level: $0.1125

38.2% FIB Retracement Level: $0.1652

62% FIB Retracement Level: $0.2505

Altcoins Weekly Analysis – ADA, BNB, and EOS – 21/04/19

Bitcoin coin on white keyboard

Cardano’s ADA

Cardano’s ADA fell by 8.33% in the week ending 20th April. Following on from a 7.8% slide from the previous week, Cardano’s ADA ended the day at $0.07668.

A choppy start to the week saw Cardano’s ADA rise to an intraweek high $0.085159 on Monday before hitting reverse.

Falling well short of the week’s first major resistance level at $0.0941, Cardano’s ADA fell to an intraday week low $0.075084 on Saturday.

In spite of the reversal, Cardano’s ADA held above the first major support level at $0.0745 to move back through to $0.080 levels on Saturday.

Following a first weekly loss in 8-weeks in the week ending 7th April, there were more losses. Cardano’s ADA saw red for 4 consecutive days in the week.

For the week ahead,

A move through to $0.0790 levels would be needed to bring $0.080 levels and the first major resistance level at $0.0829 into play.

Support from the broader market would be needed, however, for Cardano’s ADA to resume its upward trend.

Barring a broad-based crypto rally, Cardano’s ADA will likely fail to return to $0.090 levels. The second major resistance level at $0.0891 will likely cap any upside in the week.

Failure to move through to $0.0790 levels could see Cardano’s ADA continue the current reversal. A fall through last week’s low $0.075084 would bring the first major support level at $0.0745 into play.

Barring a crypto meltdown, Cardano’s ADA would likely steer clear of sub-$0.070 support levels in the week.

At the time of writing, Cardano’s ADA was up 1.63% to $0.077931.

ADA/USD 21/04/19 Weekly Chart

Binance

Binance rallied by 33.37 in the week ending 20th April. Reversing a 2.18% fall from the previous week, Binance ended the day at $25.10.

A relatively bullish start to the week saw Binance move back through $20.00 levels to test the first major resistance level at $20.51.

Following a range-bound middle of the week, Binance rallied to an intraweek high and new swing hi $25.83 on Saturday before easing back.

The breakout saw Binance break through the week’s major resistance levels. Moves through Saturday saw Binance fall back through the third major resistance level at $25.96 late in the day.

A start of a week intraweek low $18.616 saw Binance hold well above the first major support level at $16.74.

For the week ahead,

A hold onto $24 levels through the early part of the week would support further gains ahead of the weekend. A breakthrough last week’s high $25.83 would be needed to bring the first major resistance level at $27.83 into play.

Continued upward momentum mid-week could see Binance take a run at $30 levels before any pullback.

Failure to hold onto $24 levels could lead to a first weekly fall in 12 weeks. A pullback through $23.10 would bring the first major support level at $20.37 into play before any recovery.

Of greater significance would be a fall through the 23.6% FIB of $20.72, which would test the bulls.

Barring a broad-based crypto meltdown, Binance will likely steer well clear of sub-$20 support levels.

At the time of writing, Binance was down 1.45% to $24.73.

BNB/USD 21/04/19 Weekly Chart

EOS

EOS rose by 2.39% in the week ending 20th April. Reversing a 0.74% loss from the previous week, EOS ended the week at $5.47.

A relatively bullish start to the week saw EOS rise to an intraweek high $5.6602 on Monday before easing back.

Falling short of the week’s first major resistance level at $5.9114, EOS fell to an intraweek low $5.2175 on Monday.

Steering well clear of the week’s major support levels, EOS recovered to $5.60 levels and a range—bound 2nd half of the week.

A bearish end to the week led to a pullback to $5.4 levels to limit the gains for the week.

For the week ahead,

A hold above $5.45 levels through the early part of the week would support more upside in the week ahead. A break back through to last week’s high $5.66 would bring the first major resistance level at $5.681 into play.

Barring a broad-based crypto rally, EOS would likely come up short of $6.00 levels. The second major resistance level at $5.8919 would cap the upside in the week.

Failure to hold above $5.45 levels could see EOS slide back through the first major support level at $5.2383.

Barring a crypto meltdown, EOS would likely avoid a fall to sub-$5.00 levels. The second major support level at $5.0065 would limit the downside in the week.

At the time of writing, EOS was up by 0.26% to $5.4859.

EOS/USD 21/04/19 Weekly Chart