Binance Coin Mid-Week Analysis – Resistance Levels in Play – 12/08/20

Binance

Binance Coin Price Support

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

Binance Coin fell by 2.30% on Sunday, before a Monday rally to a current week high $23.26.

In spite of a 1.01% gain on the day, Binance Coin came up short of the first major resistance level at $25.36.

Hitting reverse on Tuesday, Binance Coin tumbled by 5.94% to a current week low $20.52.

Despite the pullback, Binance Coin steered clear of the first major support level at $19.68 and 38.2% FIB of $19.40.

For the current week, Sunday through Tuesday, Binance Coin was down by 7.07% to $21.30. Two days in the red that included Monday’s 5.94% slide delivered the downside.

The near-term bearish trend remained intact, supported by the late 2019 reversal and mid-March’s swing lo $6.42.

It had been a particularly bullish start to the year before the reversal. Having been up by as much as 101% year-to-date, Binance Coin was up by 56.04% year-to-date.

For the bulls, Binance Coin would need to break through the 62% FIB of $27.3 to form a near-term bullish trend.

At the time of writing, Binance Coin was down by 2.07% to $20.86. A bearish start to the day on Wednesday saw Binance Coin fall from an early morning high $21.35 to a low $20.66.

Binance Coin continued to steer clear of the major support and resistance levels early in the day.

BNB/USD 12/08/20 Daily Chart

For the remainder of the week

Binance Coin would need to move back through the $22.09 pivot level to support a run at the first major resistance level at $25.36.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $23.26.

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

In the event of another breakout, Binance Coin could test resistance at $27 before any pullback. Binance Coin would likely fall short of the 62% FIB of $27.3, however. The second major resistance level sits at $27.77.

Failure to move through the $22.09 pivot level would bring the first major support level at $19.68 and the 38.2% FIB of $19.40 into play.

Barring an extended crypto sell-off, however, Binance Coin should avoid sub-$19 levels.

Looking at the Technical Indicators

Major Support Level: $19.68

Major Resistance Level: $25.36

23.6% FIB Retracement Level: $14.4

38.2% FIB Retracement Level: $19.4

62% FIB Retracement Level: $27.3

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 09/08/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin rose by 6.06% in the week ending 8th August. Following on from a 9.12% rally from the previous week, Binance Coin ended the week at $22.94.

Another bearish start to the week saw Binance Coin fall to Sunday intraweek low $18.83 before making a move.

Binance Coin fell through the first major support level at $19.18, before rallying to a Wednesday intraweek high $24.51.

Binance Coin broke through the 38.2% FIB of $19.4 and the first major resistance level at $22.97.

Coming up against the second major resistance level at $24.29, Binance Coin saw 2 consecutive days in the red.

Binance Coin slid back to sub-$21.20 levels before finding support on Saturday to end the week at $22 levels.

4 days in the green that included a 5.36% rally on Monday and a 4.52% gain on Wednesday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid a fall through the $22.09 pivot to bring the first major resistance level at $25.36 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $24.51.

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

In the event of a breakout, Binance Coin could take a run at the second major resistance level at $27.77 before any pullback.

Failure to avoid a fall through the $22.09 pivot would bring the first major support level at $19.68 into play.

Barring a crypto sell-off, Binance Coin should avoid sub-$18 levels and the second major support level at $16.41.

At the time of writing, Binance Coin was down by 0.59%. A mixed start the day saw Binance Coin rise to an early Sunday morning high $23.00 before falling to a low $22.71

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

BNB/USD 09/08/20 Daily Chart

Litecoin

Litecoin fell by 5.28% in the week ending 8th August. Partially reversing the previous week’s 25.37% rally, Litecoin ended the week at $58.46.

It was a choppy start to the week. Litecoin rose to a Sunday intraweek high $65.31 before hitting reverse.

Falling short of the first major resistance level at $67.08, Litecoin slid to a Sunday intraweek low $52.70.

While steering clear of the first major support level at $51.65, Litecoin fell through the 23.6% FIB of $54.00.

Finding support in the week, Litecoin moved back through to a Friday high $61.10 before falling back to sub-$60.

While continuing to fall short of the major resistance levels, Litecoin broke back through the 23.6% FIB of $54.00.

3 days in the red that included an 8.02% slide on Sunday delivered the downside for the week.

For the week ahead

Litecoin would need to move through the $58.82 pivot to support a run at the first major resistance level at $64.95.

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

Barring another extended crypto rally, the first major resistance level at $64.95 would likely cap any upside.

Failure to move through the $58.82 pivot would bring the 23.6% FIB and the first major support level at $52.34 into play.

Barring an extended crypto sell-off, however, Litecoin should steer well clear of sub-$50 levels. The second major support level sits at $46.21.

At the time of writing, Litecoin was up by 0.07% to $58.50. A mixed start to the day saw Litecoin fall to an early Sunday low $58.2 before rising to a high $58.72.

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

LTC/USD 09/08/20 Daily Chart

Tron’s TRX

Tron’s TRX slipped by 0.20% in the week ending 8th August. Following a 9.00% rally from the previous week, Tron’s TRX ended the week at $0.020496.

It was a choppy start to the week. Tron’s TRX rose to a Sunday intraweek high $0.021237 before hitting reverse.

Falling short of the first major resistance level at $0.2160, Tron’s TRX slid to a Sunday intraweek low $0.017800.

Tron’s TRX fell through the first support level at $0.01850 before finding support to strike a Friday high $0.021073.

Coming up short of the major resistance levels, Tron’s TRX slid back to sub-$19 levels before finding support.

A Saturday move back through to $0.020 levels limited the downside for the week.

4 days in the red that included a 7.08% slide on Sunday delivered the downside for the week.

For the week ahead

Tron’s TRX would need to avoid a fall through the $0.01983 pivot to support a run at the first major resistance level at $0.02186.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.021237.

Barring another broad-based crypto rally the first major resistance level would likely cap any upside.

In the event of a breakout, Tron’s TRX could test the second major resistance level at $0.02327 before any pullback.

Failure to avoid a fall through the $0.01983 pivot would bring the first major support level at $0.01842 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should avoid sub-$0.017 levels. The second major support level sits at $0.01639.

At the time of writing, Tron’s TRX was up by 0.41% to $0.020538. A relatively bullish start to the day saw Tron’s TRX rise from an early Sunday low $0.020489 to a high $0.020549.

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

TRX/USD 09/08/20 Daily Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 05/08/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Resistance

It’s been yet another mixed but bullish 1st half of the week for Binance Coin.

Binance Coin saw red on Sunday, falling by 3.18% before 2 consecutive days in the green on Monday and Tuesday.

The bearish start saw Binance Coin fall from a Sunday high $22.95 to a Sunday current week low $18.83 before making a move.

Coming up against the first major resistance level at $22.97, Binance Coin fell through the first major support level at $19.18.

More significantly, Binance Coin fell through the 38.2% FIB of $19.4 before striking a Monday high $23.02.

Moving back through the first major support levels and 38.2% FIB, Binance Coin broke through the first major resistance level at $22.97.

In spite of the 2 consecutive days in the green, however, the first major resistance level continued to pin Binance Coin back.

For the current week, Sunday through Tuesday, Binance Coin was up by 3.10% to $22.30. The two days in the green, that included a 5.36% rally on Monday delivered the upside.

The near-term bearish trend remained intact, supported by the late 2019 reversal and mid-March’s swing lo $6.42.

It had been a particularly bullish start to the year before the reversal. Having been up by as much as 101% year-to-date, Binance Coin was up by 63.37% year-to-date.

For the bulls, Binance Coin would need to break through the 62% FIB of $27.3 to form a near-term bullish trend.

At the time of writing, Binance Coin was up by 3.04% to $22.98. A bullish start to the day on Wednesday saw Binance Coin rise from an early morning low $21.96 to a current week high $23.39

Binance Coin broke back through the first major resistance level at $22.97 early on.

BNB/USD 05/08/20 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through to sub-$22 levels to support a run at the second major resistance level at $24.29.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $23.39.

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

In the event of another breakout, Binance Coin could test resistance at $25 before any pullback.

Failure to avoid a fall back through to sub-$22 levels could see Binance Coin give up the current week gains.

A fall through the pivot level at $20.50 pivot level would bring the 38.2% FIB of $19.40 and the first major support level at $19.18 into play.

Barring an extended crypto sell-off, however, Binance Coin should avoid sub-$21 levels.

Looking at the Technical Indicators

Major Support Level: $19.18

Major Resistance Level: $22.97

23.6% FIB Retracement Level: $14.4

38.2% FIB Retracement Level: $19.4

62% FIB Retracement Level: $27.3

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 02/08/20

Crypto00 567

Binance Coin

Binance Coin rose by 9.12% in the week ending 1st August. Following on from a 15.73% rally from the previous week, Binance Coin ended the week at $21.65.

It was a bearish start to the week. Binance Coin fell to a Monday intraweek low $18.03 before making a move.

Steering clear of the first major support level at $17.68, Binance Coin rallied to a Saturday intraweek high $21.82.

Binance Coin broke through the 38.2% FIB of $19.4 and the first major resistance level at $21.16.

5 days in the green that included a 4.64% rally on Saturday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid a fall through the $20.50 pivot to bring the first major resistance level at $22.97 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $21.82.

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

In the event of a breakout, Binance Coin could take a run at the second major resistance level at $24.29 before any pullback.

Failure to avoid a fall through the $21.50 pivot would bring the first major support level at $19.18 into play.

Barring a crypto sell-off, Binance Coin should avoid sub-$19 levels and the second major support level at $16.71.

At the time of writing, Binance Coin was down by 0.38% to $21.57. A mixed start to the week saw Binance Coin rise to an early Sunday high $21.79 before falling to a low $21.47.

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

BNB/USD 02/08/20 Hourly Chart

Litecoin

Litecoin rallied by 25.37% in the week ending 1st August. Following on from a 17.52% breakout from the previous week, Litecoin ended the week at $61.72.

It was a bearish start to the week. Litecoin fell to a Monday intraweek low $46.93 before making a move.

Steering clear of the first major support level at $43.91, Litecoin rallied to a Saturday intraweek high $62.36.

Litecoin broke through the first major resistance level at $52.10 and the second major resistance level at $54.96.

More significantly, Litecoin broke through the 23.6% FIB of $54 to visit $62 for the 1st time since early March.

Falling short of the third major resistance level at $63.15, Litecoin eased back to end the week at $61 levels.

5 days in the green that included a 10.88% rally on Monday delivered the upside for the week.

For the week ahead

Litecoin would need to avoid a fall through the $57 pivot to support a run at the first major resistance level at $67.08.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $62.36.

Barring another extended crypto rally, the first major resistance level at $67.08 would likely cap any upside.

Failure to avoid a fall through the $57 pivot could see Litecoin hit reverse.

A fall through to sub-$57 levels would bring the first major support level at $51.65 into play.

Barring an extended crypto sell-off, however, Litecoin should steer well clear of sub-$50 levels. The second major support level sits at $41.57.

At the time of writing, Litecoin was down by 0.68% to $61.30. A mixed start to the week saw Litecoin rise to an early Sunday high $62.13 before falling to a low $60.75.

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

LTC/USD 02/08/20 Hourly Chart

Tron’s TRX

Tron’s TRX rose by 9.00% in the week ending 1st August. Following on from a 7.75% gain from the previous week, Tron’s TRX ended the week at $0.020461.

It was a bearish start to the week. Tron’s TRX fell to a Monday intraweek low $0.017685 before making a move.

Steering clear of the first support level at $0.01755, Tron’s TRX rallied to a Saturday intraweek high $0.020778.

Tron’s TRX broke through the first major resistance level at $0.01945 and the second major resistance level at $0.02010.

Off the back of the bullish week, Tron’s TRX wrapped up the day at $0.02 levels for the first time since February.

5 days in the green that included a 3.92% rally on Saturday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid a fall through the $0.01964 pivot to support a run at the first major resistance level at $0.02160.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.020778.

Barring another broad-based crypto rally the first major resistance level would likely cap any upside.

In the event of a breakout, Tron’s TRX could test the second major resistance level at $0.02273 before any pullback.

Failure to avoid a fall through the $0.01964 pivot would bring the first major support level at $0.01850 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should avoid sub-$0.017 levels. The second major support level sits at $0.01655.

At the time of writing, Tron’s TRX was up by 0.59% to $0.020581. A mixed start to the week saw Tron’s TRX rise to an early Sunday morning high $0.020640 before falling to a low $0.020418.

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

TRX/USD 02/08/20 Hourly Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 29/07/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Resistance

It’s been yet another mixed but bullish 1st half of the week for Binance Coin.

Binance Coin saw red on Sunday, falling by 1.38% before 2 consecutive days in the green on Monday and Tuesday.

Binance Coin rose to a Sunday current week high 20.91 before hitting reverse.

Falling short of the first major resistance level at $21.16, Binance Coin slid to a Monday current week low $18.03.

Steering clear of the first major support level at $17.68, Binance Coin bounced back to $20 levels.

While leaving the major support and resistance levels untested, Binance Coin broke through the 38.2% FIB of $19.40.

For the current week, Sunday through Tuesday, Binance Coin was up by 2.02% to $20.24. Two days in the green, that included a 2.33% rally on Tuesday delivered the upside. The 1.38% fall on Sunday limited the upside, however.

The near-term bearish trend remained intact, supported by the late 2019 reversal and mid-March’s swing lo $6.42.

It’s had been a bullish start to the year before the reversal. Having been up by as much as 101% year-to-date, Binance Coin was up by 48.28% year-to-date.

For the bulls, Binance Coin would need to break through the 62% FIB of $27.3 to form a near-term bullish trend.

At the time of writing, Binance Coin was up by 0.04% to $20.24. A mixed start to the day on Wednesday saw Binance Coin rise to an early morning high $20.51 before falling to a low $19.94.

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

BNB/USD 29/07/20 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the $19 pivot to support a run at the first major resistance level at $21.16.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $20.77.

Barring an extended crypto rally, the first major resistance level at $21.16 would likely continue to limit any upside.

In the event of another breakout, the second major resistance level at $22.46 would likely come into play.

Failure to avoid a fall back through to the pivot level at $19 would bring the first major support level at $17.68 into play.

Barring an extended crypto sell-off, however, Binance Coin should avoid sub-$19 levels.

The 38.2% FIB of $19.40 should limit the downside in the week.

Looking at the Technical Indicators

Major Support Level: $17.68

Major Resistance Level: $21.16

23.6% FIB Retracement Level: $14.4

38.2% FIB Retracement Level: $19.4

62% FIB Retracement Level: $27.3

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 26/07/20

crypto currency mining concept

Binance Coin

Binance Coin rallied by 15.73% in the week ending 25th July. Reversing a 2.61% fall from the previous week, Binance Coin ended the week at $19.86.

It was a mixed start to the week. Binance Coin fell to a Sunday intraweek low $16.80 before making a move.

Steering clear of the first major support level at $16.06, Binance Coin rallied to a Saturday intraweek high $20.28

Binance Coin broke through the first major resistance level at $18.66 and the second major resistance level at $20.16.

More importantly, Binance Coin broke out from the 38.2% FIB of $19.40 to visit $20 levels for the first time since March.

A late Saturday pullback saw Binance Coin fall back through the second major resistance level to wrap up the week at $19 levels.

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

For the week ahead

Binance Coin would need to avoid a fall through the $18.98 pivot to bring the first major resistance level at $21.16 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $20.28

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

In the event of a breakout, Binance Coin could take a run at $22 levels. The second major resistance level at $22.46 would limit any upside.

Failure to avoid a fall through the $18.98 pivot would bring the first major support level at $17.68 into play.

Barring a crypto sell-off, Binance Coin should avoid sub-$17 levels and the second major support level at $15.50.

At the time of writing, Binance Coin was down 0.68% to $19.72. A bearish start to the week saw Binance Coin fall from an early Sunday high $19.85 to a low $19.55.

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

BNB/USD 26/07/20 Daily Chart

Litecoin

Litecoin rallied by 17.52% in the week ending 25th July. Reversing a 5.10% slide from the previous week, Litecoin ended the week at $49.23.

It was a mixed start to the week. Litecoin fell to a Monday intraweek low $41.45 before making a move.

Steering clear of the first major support level at $40.36, Litecoin rallied to a Saturday intraweek high $49.64.

Litecoin broke through the first major resistance level at $45.05 and the second major resistance level at $47.65.

4 days in the green that included an 11.48% rally on Saturday delivered the upside for the week.

For the week ahead

Litecoin would need to avoid a fall through the $46.77 pivot to support a run at the first major resistance level at $52.10.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $49.64.

Barring another extended crypto rally, the first major resistance level at $52.10 would likely cap any upside.

Failure to avoid a fall through the $46.77 pivot could see Litecoin come under further pressure.

A fall through to sub-$46 levels would bring the first major support level at $43.91 into play.

Barring an extended crypto sell-off, however, Litecoin should steer well clear of sub-$40 levels. The second major support level sits at $38.58.

At the time of writing, Litecoin was down by 0.59% to $48.94. A bearish start to the week saw Litecoin fall from an early Sunday morning high $49.25 to a low $48.51.

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

LTC/USD 26/07/20 Daily Chart

Tron’s TRX

Tron’s TRX rose by 7.75% in the week ending 25th July. Reversing a 5.05% slide from the previous week, Tron’s TRX ended the week at $0.018794.

It was also a mixed start to the week. Tron’s TRX fell to a Monday intraweek low $0.016951 before making a move.

Steering clear of the first support level at $0.01660, Tron’s TRX rallied to a Saturday intraweek high $0.018852.

Tron’s TRX broke through the first major resistance level at $0.01840 to test resistance at $0.019.

5 days in the green that included a 4.67% rally on Saturday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid a fall through the $0.01820 pivot to support a run at the first major resistance level at $0.01945.

Support from the broader market would be needed, however, for Tron’s TRX to break through to $0.019 levels.

Barring another broad-based crypto rally the first major resistance level would likely cap any upside.

In the event of a breakout, Tron’s TRX could test the second major resistance level at $0.02010 before any pullback.

Failure to avoid a fall through the $0.01820 pivot would bring the first major support level at $.01755 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should avoid sub-$0.017 levels. The second major support level sits at $0.01630.

At the time of writing, Tron’s TRX was down by 0.43% to $0.018713. A bearish start to the week saw Tron’s TRX fall from an early Sunday morning high $0.018905 to a low $0.018653.

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

TRX/USD 26/07/20 Daily Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 22/07/20

Binance

Binance Coin Price Resistance

It’s been another mixed but bullish 1st half of the week for Binance Coin.

Binance Coin fell to a Sunday current week low $16.88 before finding support.

Steering clear of the first major support level at $16.06, Binance Coin rallied to a Monday current week high $18.39.

Coming up short of the first major resistance level at $18.66, Binance Coin slid back to sub-$17.20 levels.

A relatively bullish Tuesday, however, supported a move back through to $17.70 levels to deliver the early gains.

For the current week, Sunday through Tuesday, Binance Coin was up by 3.26% to $17.72. Two days in the green, that included a 5.00% rally on Sunday delivered the upside. A 3.05% slide on Monday limited the upside, however.

The near-term bearish trend remained intact, supported by the late 2019 reversal and mid-March’s swing lo $6.42.

It’s had been a bullish start to the year before the reversal. Having been up by as much as 101% year-to-date, Binance Coin was up by 29.82% year-to-date.

For the bulls, Binance Coin would need to break through the 62% FIB of $27.3 to form a near-term bullish trend.

At the time of writing, Binance Coin was down by 0.10% to $17.70. A mixed start to the day on Wednesday saw Binance Coin fall to an early morning low $17.63 before rising to a high $17.87.

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

BNB/USD 22/07/20 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the $17.56 pivot to support a run at the first major resistance level at $18.66.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $18.39.

Barring an extended crypto rally, the first major resistance level and resistance at $19 would likely continue to limit any upside.

In the event of another breakout, the 38.2% FIB of $19.4 would likely come into play.

Failure to avoid a fall back through to the pivot level at $17.56 would bring the first major support level at $16.06 into play.

Barring an extended crypto sell-off, however, Binance Coin should continue to avoid sub-$16 levels.

Looking at the Technical Indicators

Major Support Level: $16.06

Major Resistance Level: $18.66

23.6% FIB Retracement Level: $14.4

38.2% FIB Retracement Level: $19.4

62% FIB Retracement Level: $27.3

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 19/07/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin

Binance Coin fell by 2.61% in the week ending 18th July. Partially reversing a 13.23% rally from the previous week, Binance Coin ended the week at $17.16.

It was a bullish start to the week. Binance Coin rallied to a Monday intraweek high $19.06 before hitting reverse.

Binance Coin broke through the first major resistance level at $18.62 to visit $19 levels before hitting reverse.

Falling short of the second major resistance level at $19.62, Binance Coin slid to a Thursday intraweek low $16.46.

Steering clear of the first major support level at $15.85, Binance Coin recovered to $17 levels to limit the weekly loss.

4 consecutive days in the red that included a 2.50% loss on Wednesday and a 2.60% loss on Thursday delivered the downside.

For the week ahead

Binance Coin would need to move through the $17.56 pivot to bring the first major resistance level at $18.66 into play.

Support from the broader market would be needed for Binance Coin to break back through to $18.00 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $19.06 would likely limit any upside.

In the event of a breakout, Binance Coin could break out from the 38.2% FIB of $19.4 to take a run at $20 levels. The second major resistance level at $20.16 would limit any upside.

Failure to move through the $17.56 pivot would bring the first major support level at $16.06 into play.

Barring a crypto sell-off, Binance Coin should avoid sub-$15 levels and the second major support level at $14.96.

At the time of writing, Binance Coin was down by 0.29% to $17.11. A bearish start to the week saw Binance Coin fall from an early Sunday high $17.20 to a low $17.09.

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

BNB/USD 19/07/20 Weekly Chart

Litecoin

Litecoin slid by 5.10% in the week ending 18th July. Reversing a 6.17% gain from the previous week, Litecoin ended the week at $42.46.

It was a bearish week for Litecoin. 6 consecutive days saw Litecoin fall to a Thursday intraweek low $40.86.

Steering clear of the first major support level at $40.32, Litecoin found support on Saturday. Litecoin moved back through to $42 levels, with a 1.38% gain on the day cutting the deficit for the week.

From the 6-days in the red, a 2.82% slide on Thursday and a 1.81% loss on Monday delivered the weekly loss.

For the week ahead

Litecoin would need to move through the $42.96 pivot to support a run at the first major resistance level at $45.05.

Support from the broader market would be needed, however, for Litecoin to break out from $44 levels.

Barring another extended crypto rally, the first major resistance level at $45.05 would likely cap any upside.

Failure to move through the $42.96 pivot could see Litecoin come under further pressure.

A fall through to sub-$41 levels would bring the first major support level at $40.36 into play.

Barring an extended crypto sell-off, however, Litecoin should steer well clear of the second major support level at $38.27.

At the time of writing, Litecoin was up by 0.21% to $42.55. A bullish start to the week saw Litecoin rise from an early Sunday morning low $42.43 to a high $42.62.

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

LTC/USD 19/07/20 Weekly Chart

Tron’s TRX

Tron’s TRX slid by 5.05% in the week ending 18th July. Partially reversing a 9.24% rally from the previous week, Tron’s TRX ended the week at $0.017439.

It was a bearish start to the week. Tron’s TRX slid from a Sunday intraweek high $0.018526 to a Thursday intraweek low $0.016718.

Falling short of the major resistance levels, Tron’s TRX fell through the first support level at $0.01679 before finding support.

A relatively bullish end to the week saw Tron’s TRX move back through to $0.017 levels to limit the weekly loss.

4 days in the red that included a 3.46% slide on Monday delivered the downside for the week.

For the week ahead

Tron’s TRX would need to move back through the $0.01756 pivot to support a run at the first major resistance level at $0.01840.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.018 levels.

Barring a broad-based crypto rally the first major resistance level and last week’s high $0.018526 would likely cap any upside.

In the event of a breakout, Tron’s TRX could test the second major resistance level at $0.01937 before any pullback.

Failure to move back through the $0.01756 pivot would bring the first major support level at $.01660 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should avoid sub-$0.015 levels. The second major support level at $0.01575 should limit any downside.

At the time of writing, Tron’s TRX was up by 0.36% to $0.017502. A bullish start to the week saw Tron’s TRX rise from an early Sunday morning low $0.017443 to a high $0.017601.

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

TRX/USD 19/07/20 Weekly Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 15/07/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin Price Resistance

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

The start of the week was bullish. Binance Coin rallied from a Sunday current week low $17.45 to a Monday current week high $19.06 before seeing red.

Off the back of 2 consecutive days in the green, Binance Coin broke through the first major resistance level at $18.62.

Falling short of the second major resistance level at $19.62, Binance Coin slid back to sub-$17.70 levels on Tuesday.

In spite of the mixed week, Binance Coin steered clear of sub-$16 and the first major support level at $15.85.

For the current week, Sunday through Tuesday, Binance Coin was up by 2.55% to $18.07. Two consecutive days in the green delivered the upside. Binance Coin saw gains of 3.96% and 0.34% on Monday and Tuesday respectively before a 1.72% slide on Tuesday.

The near-term bearish trend remained intact, supported by the late 2019 reversal and mid-March’s swing lo $6.42.

It’s had been a bullish start to the year before the reversal. Having been up by as much as 101% year-to-date, Binance Coin was up by 32.38% year-to-date.

For the bulls, Binance Coin would need to break through the 62% FIB of $27.3 to form a near-term bullish trend.

At the time of writing, Binance Coin was down by 0.21% to $18.03. A mixed start to the day on Wednesday saw Binance Coin rise to an early morning high $18.16 before falling to a low $17.99.

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

BNB/USD 15/07/20 Daily Chart

For the remainder of the week

Binance Coin would need to break back through the first major resistance level to support another run at $19 levels.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $19.06.

Barring an extended crypto rally, resistance at $19 would likely continue to limit any upside.

In the event of another breakout, a breakthrough the second major resistance level at $19.62 and 38.2% FIB of $19.4 would be likely.

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

A pullback through to sub-$17 and the $16.85 pivot would bring the first major support level at $15.85 into play.

Barring an extended crypto sell-off, however, Binance Coin should avoid sub-$16 levels.

Looking at the Technical Indicators

Major Support Level: $15.85

Major Resistance Level: $18.62

23.6% FIB Retracement Level: $14.4

38.2% FIB Retracement Level: $19.4

62% FIB Retracement Level: $27.3

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 12/07/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin rallied by 13.23% in the week ending 11th July. Following on from a 2.91% gain from the previous week, Binance Coin ended the week at $17.63.

It was a bearish start to the week. Binance Coin fell to a Sunday intraweek low $15.07 before making a move.

Steering clear of the first major support level at $14.95, Binance Coin rallied to a Wednesday high $17.70 before easing back.

Binance Coin broke through the first major resistance level at $16.10 and the second major resistance level at $16.65.

Coming within range of the third major resistance level at $17.80 hit reverse on Thursday. A 2.59% slide saw Binance Coin fall back to sub-$16.40 levels before finding support.

A bullish end to the week saw Binance Coin rally to a Saturday intraweek high $17.84 before easing back.

The third major resistance level at $17.80 capped the upside at the end of the week.

5 days in the green that included 5.32% rally on Monday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid a fall through the $16.85 pivot to bring the first major resistance level at $18.62 into play.

Support from the broader market would be needed for Binance Coin to break out from $18.50 levels.

Barring another broad-based crypto rally, the first major resistance level would likely leave Binance Coin short of $19 levels.

In the event of a breakout, Binance Coin would likely take a run at 38.2% FIB of $19.4 and the second major resistance level at $19.62.

Failure to avoid a fall through the $16.85 pivot would bring the first major support level at $15.85 into play.

Barring a crypto sell-off, Binance Coin should avoid the 23.6% FIB of $14.4 and the second major support level at $14.08.

At the time of writing, Binance Coin was up by 1.78% to $17.94. A bullish start to the week saw Binance Coin rise from an early Sunday morning low $17.60 to a high $18.03.

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

BNB/USD 12/07/20 Weekly Chart

Litecoin

Litecoin rose by 6.17% in the week ending 11th July. Following on from a 2.73% gain from the previous week, Litecoin ended the week at $44.74.

Tracking the broader market, Litecoin fell by 1.33% on Sunday before finding support. The pullback saw Litecoin fall through the first major support level at $40.90 to an intraweek low $40.75.

Finding support throughout the week, Litecoin rallied to a Thursday intraweek high $45.86 before hitting reverse.

Litecoin broke through the major resistance levels of the week before falling back to sub-$44 levels.

The pullback saw Litecoin fall through the third major resistance level to find support at the second major resistance level at $43.50.

A bullish end to the week saw Litecoin break back through to $44 levels.

Litecoin saw just 3 days in the green, with a 5.87% rally on Monday delivering the upside.

For the week ahead

Litecoin would need to avoid a fall through the $43.78 pivot to support a run at the first major resistance level at $46.82.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $45.86.

Barring another extended crypto rally, the first major resistance level at $46.82 would likely cap any upside.

Failure to avoid a fall through the $43.78 pivot could see Litecoin come under further pressure.

A fall through to sub-$43 levels would bring the first major support level at $41.71 into play.

Barring an extended crypto sell-off, however, Litecoin should steer well clear of the second major support level at $38.67.

At the time of writing, Litecoin was up by 0.36% to $44.90. A bullish start to the week saw Litecoin rise from an early Sunday morning low $44.71 to a high $45.09.

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

LTC/USD 12/07/20 Weekly Chart

Tron’s TRX

Tron’s TRX rallied 9.24% in the week ending 11th July. Following on from an 8.81% gain from the previous week, Tron’s TRX ended the week at $0.018407.

It was a bullish start to the week. Tron’s TRX rallied from a Sunday intraweek low $0.016355 to a Thursday intraweek high $0.019144.

Steering clear of the major support levels, Tron’s TRX broke through the first major resistance level at $0.01758 and the second major resistance level at $0.01838.

Coming up short of the third major resistance level at $0.02031, Tron’s TRX fell back through the second major support level.

Finding support on Saturday, however, Tron’s TRX moved back through the second major support level to wrap up the week at $0.01840 levels.

5 days in the green that included a 6.51% rally on Monday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid a fall through the $0.018 pivot to support a run at the first major resistance level at $0.01958.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.019144.

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

In the event of a breakout, Tron’s TRX could eye $0.020 levels before any pullback. The second major resistance level at $0.02076 would likely cap any upside, however.

Failure to avoid a fall through the $0.018 pivot would bring the first major support level at $0.01679 into play.

Barring another extended crypto sell-off, however, Tron’s TRX should avoid sub-$0.015 levels. The second major support level at $0.01518 should limit any downside.

At the time of writing, Tron’s TRX was up by 0.12% to $0.018429. A mixed start to the week saw Tron’s TRX rise an early high $0.018526 before falling to a low $0.018344.

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

TRX/USD 12/07/20 Daily Chart