Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 19/01/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin surged by 19.4% in the week ending 18th January. Following on from an 8.04% rally from the previous week, Binance Coin ended the week at $17.79.

A mixed start to the week saw Binance Coin breakthrough to a Sunday high $15.55 before hitting reverse.

Falling short of the major resistance levels, Binance Coin fell to a Tuesday intraweek low $14.70 before making a move.

Steering clear of the first major support level at $13.97, Binance Coin rallied to a Friday intraweek high $18.72.

Binance Coin broke through the major resistance levels to come up against the 23.6% FIB of $18.80 before easing back.

A 3rd day in the red for the week saw Binance Coin fall back through the third major resistance level at $18.04 on Saturday to close out the week at $17 levels.

For the week ahead

Binance Coin would need to break through last week’s high $18.72 to support a run at the first major resistance level at $19.44.

Support from the broader market would be needed for Binance Coin to break out from the 23.6% FIB of $18.80.

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 $21.09 would likely come into play.

Failure to move through to last week’s high $18.72 could see Binance Coin hit reverse.

A fall back through to sub-$17 levels would bring the first major support level at $15.42 into play.

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

At the time of writing, Binance Coin was up by 2.37% to $18.21. A bullish start to the week saw Binance Coin rise from an early Sunday low $17.59 to a high $18.42.

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

BNB/USD 19/01/20 Weekly Chart

Litecoin

Litecoin jumped by 20.07% in the week ending 18th January. Following on from a 15.6% rally from the previous week, Litecoin ended the week at $59.28.

Tracking the broader market, Litecoin fell to a Monday intraweek low $48.82 before making a move.

Steering clear of the first major support level at $43.95, Litecoin rallied to a Friday intraweek high $63.17.

Litecoin broke through the first major resistance level at $53.4 and the second major resistance level at $57.44. Of greater significance, however, was a breakthrough the 23.6% FIB of $62.

A 4th day in the red for the week saw Litecoin fall back to sub-$60 levels on Saturday to limit the upside for the week.

For the week ahead

Litecoin would need to move through last week’s high $63.17 to support a run at the first major resistance level at $65.36.

Support from the broader market would be needed, however, for Litecoin to break out from the 23.6% FIB of $62.

Barring another broad-based crypto rally in the week, last week’s high $63.17 and first major resistance level would likely cap any upside on the week.

Failure to move through to $63 levels could see Litecoin hit reverse.

A fall back through to sub-$57 levels would bring the first major support level at $51.01 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of last week’s low $48.82.

At the time of writing, Litecoin was up by 3.12% to $61.13. A bullish start to the week saw Litecoin rise from an early morning low $58.90 to a high $62.50.

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

LTC/USD 19/01/20 Weekly Chart

Tron’s TRX

Tron’s TRX surged by 21.82% in the week ending 18th January. Following on from a 7.6% rally from the previous week, Tron’s TRX ended the week at $0.017711.

A particularly bullish week saw Tron’s TRX rally from a Sunday intraweek low $0.014455 to a Friday intraweek high $0.018249.

Steering clear of the major support levels, Tron’s TRX broke through the week’s major resistance levels before easing back to $0.017 levels.

The pullback saw Tron’s TRX briefly fall back through the third major resistance level at $0.01740.

A 1.2% fall on Monday was the only blemish in the week.

For the week ahead

Tron’s TRX would need to move back through to last week’s high $0.018249 to support a run at the first major resistance level at $0.01920.

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

Barring an extended crypto rally, the first major resistance level and last week’s high 0.018249 would likely cap any gains.

In the event of a broad-based crypto rally, however, the second major resistance level at $0.02060 levels would likely come into play.

Failure to move through to $0.01825 levels could see Tron’s TRX spend the week in the red.

A pullback to sub-$0.01680 levels would bring the first major support level at $0.01540 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 $0.01300.

At the time of writing, Tron’s TRX was up by 1.15% to $0.017914. A bullish start to the week saw Tron’s TRX rise from an early morning low $0.017637 to a high $0.018081.

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

TRX/USD 19/01/20 Weekly Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 15/01/20

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.

The bullish start saw Binance Coin gain 2.90% on Sunday before hitting red on Monday.

Falling by 1.17% on Monday, Binance Coin fell back to sub-$15 levels before making a move.

A particularly bullish Tuesday saw Binance Coin rally by 9.63% to end the day at $16.62.

Binance Coin broke through the first major resistance level at $15.64 and second major resistance level at $16.37.

It was a return to $16 levels for the first time since 4th December.

A start of a week current week low $14.78 saw Binance Coin steer well clear of the first major support level at $13.97.

For the current week, 2 days in the green out of 3 led to an 11.62% gain, Sunday through Tuesday.

The near-term bearish trend remained intact, supported by late 2019 reversal and December’s swing lo $12.11. Binance Coin had continued to struggle at the 23.6% FIB of $21 ahead of the extended crypto sell-off.

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.

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 1.26% to $16.83. A bullish start to the day on Wednesday saw Binance Coin rise from an early morning low $16.32 to a high $17.30 before easing back.

While hitting $17 levels for the first time since 22nd November, Binance Coin came up short of the third major resistance level at $18.04.

BNB/USD 15/01/20 Weekly Chart

For the remainder of the week

Binance Coin would need to move back through to $17 levels to support a run at the third major resistance level at $18.08.

Support from the broader market would be needed, however, for Binance Coin to break out from Wednesday’s current week high $17.15.

Barring an extended rally into the weekend, the third major resistance at $18.08 would likely pin Binance Coin back.

In the event of an extended crypto rally through the week, the 23.6% FIB of $18.8 would likely come into play.

Failure to move back through to $17 levels could see Binance Coin hit reverse.

A pullback through the second major resistance level at $16.37 would bring $15 levels back into play.

Barring a crypto meltdown, however, Binance Coin should avoid a fall back through the first major resistance level at $15.64.

In the event of a sell-off, Binance Coin could visit sub-$15 levels before any recovery.

We would expect Binance Coin to steer well clear of the first major support level at $13.97, however.

Looking at the Technical Indicators

Major Support Level: $13.97

Major Resistance Level: $15.64

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 – 12/01/20

Crypto00 567

Binance Coin

Binance Coin rallied by 8.04% in the week ending 11th January. Following on from a 0.95% gain from the previous week, Binance Coin ended the week at $14.91.

A bullish start to the week saw Binance Coin rally from an early Sunday intraweek low $13.76 to a Tuesday intraweek high $15.85.

Steering clear of the major support levels, Binance Coin broke through the first major resistance level at $14.47 and second major resistance level at $15.17.

On Wednesday, Binance Coin fell back to sub-$14 levels before a 5% rally on Friday. A bearish end to the week, however, limited the upside, with Binance Coin giving up $15 levels late on Saturday.

For the week ahead

Binance Coin would need to move back through to $15.00 levels to support a run at the first major resistance level at $15.64.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $15.43.

Barring a broad-based crypto rally, the first major resistance level would likely pin Binance Coin back from $16 levels.

In the event of a breakout, the second major resistance level at $16.37 would likely cap any upside on the week.

Failure to move through to $15 levels could likely see Binance Coin hit reverse.

A fall back through to sub-$14.70 levels would bring the first major support level at $13.97 into play.

Barring a crypto meltdown, Binance Coin should steer clear of sub-$13 levels. The second major support level at $13.03 should limit any downside in the week.

At the time of writing, Binance Coin was down by 0.24% to $14.87. A bearish start to week day saw Binance Coin fall from an early morning high $14.94 to a low $14.76 before finding support.

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

BNB/USD 12/01/20 Weekly Chart

Litecoin

Litecoin surged by 15.6% in the week ending 11th January. Following on from a 0.07% gain from the previous week, Litecoin ended the week at $49.36.

Bullish through the week, Litecoin rallied from a Sunday intraweek low $42.58 to a Saturday intraweek high $52.03.

Steering clear of the major support levels, 5 days in the green out of 7 delivered the upside for the week. The 5 days in the green included a 5.8% gain on Monday and 9.5% rally on Friday.

Litecoin broke through the first major resistance level at $44.92 and second major resistance level at $47.11 to hit $50 for the first time since late November.

For the week ahead

Litecoin would need to move through to $50 levels to support a run at the first major resistance level at $53.40.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $52.03.

Barring a broad-based crypto rally in the week, last week’s high $52.03 and first major resistance level would likely cap any upside on the week.

Failure to move through to $50 levels could see Litecoin hit reverse.

A fall back through to sub-$48 levels would bring the first major support level at $43.95 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of last week’s low $42.58.

At the time of writing, Litecoin was up by 0.02% to $49.37. A mixed start to the week saw Litecoin fall from an early morning high $49.38 to a low $48.82 before finding support.

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

LTC/USD 12/01/20 Weekly Chart

Tron’s TRX

Tron’s TRX rallied by 7.6% in the week ending 11th January. Following on from a 0.29% gain from the previous week, Tron’s TRX ended the week at $0.014574.

A mixed start to the week saw Tron’s TRX fall to a Sunday intraweek low $0.01350. Steering clear of the first major support level at $0.01290, Tron’s TRX rallied to a Tuesday high $0.014748.

Tron’s TRX broke through the first major resistance level at $0.0140 and the second major resistance level at $0.0145.

3 consecutive days in the red saw Tron’s TRX slide back to $0.0136 levels before finding support.

A 5% gain on Friday led to a late Saturday intraweek high $0.01500 before easing back. Tron’s TRX broke back through the first and second major resistance levels to wrap up the week at $0.014 levels.

For the week ahead

Tron’s TRX would need to move back through to $0.015 levels to support a run at the first major resistance level at $0.0152.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.015 levels.

Barring an extended crypto rally, the first major resistance level and last week’s high $0.015 would likely cap any gains.

In the event of a broad-based crypto rally, however, the second major resistance level at $0.0159 levels would likely come into play.

Failure to move through to $0.015 levels could see Tron’s TRX spend the week in the red.

A pullback to sub- $0.01440 would bring the first major support level at $0.01370 into play before any recovery.

Barring a crypto meltdown, however, Tron’s TRX should steer well clear of sub-$0.013 levels and the second major support level at $0.1290.

At the time of writing, Tron’s TRX was down by 0.51% to $0.01450. A bearish start to the week saw Tron’s TRX fall from an early morning high $0.014540 to a low $0.014455.

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

TRX/USD 12/01/20 Weekly Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 08/01/20

Binance

Binance Coin Price Resistance

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

Rallying from an early Sunday current week low $13.76, Binance Coin rallied to an early Tuesday high $15.32.

Binance Coin broke through the first major resistance level at $14.47 and the second major resistance level at $15.17.

Through the start of the week, Binance Coin had steered well clear of the first major support level at $12.98.

3 consecutive days in the green, which included a 6.6% rally on Monday, delivered an 8.99% gain, Sunday through Tuesday.

The near-term bearish trend remained intact, supported by a string of weekly losses and December’s swing lo $12.11. Binance Coin had continued to struggle at the 23.6% FIB of $21 ahead of the extended crypto sell-off.

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.

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 0.83% to $14.91. A bullish start to the day on Wednesday saw Binance Coin rise from an early morning low $14.66 to a current week high $15.60.

Binance Coin broke back through the second major resistance level at $15.17 before hitting reverse in the early hours.

BNB/USD 08/01/20 Weekly Chart

For the remainder of the week

Binance Coin would need to move back through to $15 levels to bring the second major resistance level at $15.17 back into play.

Support from the broader market would be needed, however, for Binance Coin to break out from the second major resistance level.

Barring a broad-based crypto rebound, resistance at $15 would likely continue to pin Binance Coin back.

In the event of an extended crypto rally through the week, the third major resistance level at $16.66 would likely come into play.

Failure to move back through to $15 levels could see Binance Coin hit reverse.

A pullback through the current week low $13.76 to sub-$13.65 levels would bring the first major support level at $12.98 into play

Barring a crypto meltdown, however, Binance Coin should steer well clear sub-$13 levels.

In the event of a sell-off, the first major support level at $12.98 should limit any downside in the week.

Looking at the Technical Indicators

Major Support Level: $12.98

Major Resistance Level: $14.47

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 – 05/01/20

Crypto00 567

Binance Coin

Binance Coin rose by 0.95% in the week ending 4th January. Following on from a 2.48% gain from the previous week, Binance Coin ended the week at $13.78.

A bullish start to the week saw Binance Coin rally to an early Monday intraweek high $14.37 before hitting reverse.

Binance Coin broke through the first major resistance level at $14.19 before sliding to a Thursday intraweek low $12.88.

Binance Coin fell through the first major support level at $12.98 before bouncing back with a 5.14% rally on Friday.

2 consecutive days in the green late in the week reversed 3 days in the red out of 4 to deliver the weekly gain.

For the week ahead

Binance Coin would need to move through to $14.00 levels to support a run at the first major resistance level at $14.47.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $14.37 levels.

Barring a broad-based crypto rally, however, Binance Coin would likely fall short of $15 levels again.

In the event of a breakout, the second major resistance level at $15.17 would likely cap any upside on the week.

Failure to move through to $14.00 levels could likely see Binance Coin hit reverse.

A fall back through to sub-$13.68 levels would bring the first major support level at $12.98 into play.

Barring a crypto meltdown, Binance Coin should steer clear of sub-$12 levels. The second major support level at $12.19 should limit any downside in the week.

At the time of writing, Binance Coin was up by 1.31% to $13.96. A bullish start to the day on Sunday saw Binance Coin rally from an early morning low $13.71 to a high $14.04.

BNB/USD 05/01/20 Daily Chart

Litecoin

Litecoin rose by just 0.07% in the week ending 4th January. Following on from a 7.55% rally from the previous week, Litecoin ended the week at $42.73.

A relatively bullish start to the week saw Litecoin strike a Monday intraweek high $44.02 before hitting reverse.

Falling short of the first major resistance level at $44.47, Litecoin fell to a Thursday intraweek low $38.74.

Litecoin fell through the first major support level at $40.18 before finding support in the latter part of the week.

A 7.3% rally on Friday and 1.26% gain on Saturday reversed losses from mid-week that included a 5.23% slide on Thursday.

For the week ahead

Litecoin would need to move through to $44 levels to support a run at the first major resistance level at $44.92.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $44.02.

Barring a broad-based crypto rally in the week, last week’s high $44.02 and first major resistance level would likely cap any upside on the week.

Failure to move through to $44 levels could see Litecoin hit reverse.

A fall back through to sub-$41.80 levels would bring the first major support level at $39.63 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of last week’s low $38.74.

At the time of writing, Litecoin was up by 0.89% to $43.11. A bullish start to the week saw Litecoin rise from a morning low $42.65 to a high $43.20 on Sunday.

LTC/USD 05/01/20 Weekly Chart

Tron’s TRX

Tron’s TRX rose by 0.29% in the week ending 4th January. Partially reversing a 0.42% fall from the previous week, Tron’s TRX ended the week at $0.013497.

A bullish start to the week saw Tron’s TRX rally to Sunday intraweek high $0.013895 before hitting reverse.

Tron’s TRX fell well short of the first major resistance level at $0.01530 before sliding to an early Friday intraweek low $0.012770.

The reversal saw Tron’s TRX come within range of the first major support level at $0.01240 before finding support.

A 4.09% rally on Friday and 0.33% gain on Saturday reversed a 3.32% slide on Monday and 2.79% fall on Thursday to close out the week in the green.

For the week ahead

Tron’s TRX would need to move back through to last week’s high $0.013895 to support a run at the first major resistance level at $0.01400.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.01380 levels.

Barring an extended crypto rally, Tron’s TRX would likely continue to fall short of $0.0150 levels.

In the event of a broad-based crypto rally, however, the third major resistance level at $0.0156 levels would likely cap any upside.

Failure to move through to last week’s high $0.013895 levels could see Tron’s TRX spend the week in the red.

A pullback to sub- $0.01340 would bring the first major support level at $0.01290 into play before any recovery.

Barring a crypto meltdown, however, Tron’s TRX should steer well clear of the second major support level at $0.1230.

At the time of writing, Tron’s TRX was up by 1.30% to $0.013673. A bullish start to the week saw Tron’s TRX rise from an early morning low $0.01350 to a high $0.013748.

TRX/USD 05/01/20 Daily Chart

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

Binance

Binance Coin Price Resistance

The first half of the week was a mixed one for Binance Coin.

It was a bullish start to the week, however. Binance Coin rallied from a Sunday current week low $13.54 to a Monday current week high $14.37 before hitting reverse.

Binance Coin broke through week’s first major resistance level at $14.19 before sliding back to sub-$13.60 levels on Tuesday.

Two consecutive days in the red reversed a 3.26% rally on Sunday to leave Binance Coin up by just 0.15% for the current week.

In spite of the reversal and Sunday low, however, Binance Coin managed to steer clear of the week’s first major support level at $12.98.

The near-term bearish trend remained intact, supported by a string of weekly losses and December’s swing lo $12.11. Binance Coin had continued to struggle at the 23.6% FIB of $21 ahead of the extended crypto sell-off.

The extended sell-off had seen Binance Coin fall for 5 consecutive weeks before last week’s 2.5% gain. The reversal had included a 19.3% slide in the final week of November.

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 0.61% to $13.75. A bullish start to the day on Wednesday saw Binance Coin rise from an early morning low $13.62 to a high $13.84.

Binance Coin left the major support and resistance levels untested through the early part of the day.

BNB/USD 01/01/20 Weekly Chart

For the remainder of the week

Binance Coin would need to move back through to $13.80 levels to bring the first major resistance level at $14.19 back into play.

Support from the broader market would be needed, however, for Binance Coin to break back through to $14.00 levels.

Barring a broad-based crypto rebound, the first major resistance level at $14.19 and current week high $14.37 would likely pin Binance Coin back in the week.

Failure to move through to 13.80 levels could see Binance Coin slide back into the red.

A pullback through the current week low $13.54 would bring the first major support level at $12.98 into play

Barring a crypto meltdown, however, Binance Coin should steer well clear of the second major support level at $12.30.

Looking at the Technical Indicators

Major Support Level: $12.98

Major Resistance Level: $14.19

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 – 29/12/19

Crypto00 567

Binance Coin

Binance Coin rose by 2.48% in the week ending 28th December. Partially reversing a 7.44% slide from the previous week, Binance Coin ended the week at $13.65.

A relatively bullish start to the week saw Binance Coin rise to a Monday intraweek high $14.05 before hitting reverse.

Falling short of the first major resistance level at $14.58, Binance Coin tumbled to sub-$13 levels on Wednesday before finding support.

Steering clear of the first major support level at $12.07, Binance Coin recovered to $13.6 levels before sliding to a Friday intraweek low $12.84.

In spite of the pullback, Binance Coin steered clear of the first major support level to bounce back into the green on Saturday.

Binance Coin saw 5 days in the green to end a run of 5 consecutive weeks in the red. It did take a 2.8% rally on Sunday, however, to deliver the weekly gain.

For the week ahead

Binance Coin would need to move through to $14.00 levels to support a run at the first major resistance level at $14.72.

Support from the broader market would be needed for Binance Coin to break back through to $14 levels.

Barring a broad-based crypto rally, however, Binance Coin would likely fall short of $15 levels again.  The second major resistance level at $14.72 would likely cap any upside on the week.

Failure to move through to $14.00 levels could likely see Binance Coin reverse last week’s gains.

A fall back through to sub-$13.50 levels would bring the first major support level at $12.98 into play.

Barring a crypto meltdown, Binance Coin should steer clear of sub-$12 levels. The second major support level at $12.30 should limit any downside in the week.

At the time of writing, Binance Coin was down by 0.06% to $13.64. A bearish start to the day on Sunday saw Binance Coin fall from an early morning high $13.68 to a low $13.59.

BNB/USD 29/12/19 Weekly Chart

Litecoin

Litecoin rallied by 7.55% in the week ending 28th December. Partially reversing an 8.12% slide from the previous week, Litecoin ended the week at $42.73.

Another positive start to the week saw Litecoin rise to an early morning high $42.69 on Monday before hitting reverse.

Coming up short of the first major resistance level at $43.75, Litecoin fell to a Wednesday intraweek low $39.36.

Steering well clear of the first major support level at $35.79, Litecoin rallied to a Saturday intraweek high $43.65 before easing back.

The first major resistance level at $43.75 limited the upside at the end of the week.

While Litecoin saw green in just 3 of the 7 days, a 5.5% rally on Sunday and a 4.4% gain on Saturday delivered the upside in the week.

For the week ahead

Litecoin would need to move through to $43 levels to support a run at the first major resistance level at $44.45.

Support from the broader market would be needed, however, for Litecoin to break back through to $43 levels.

Barring a broad-based crypto rally in the week, last week’s high $43.65 and first major resistance level would likely cap any upside on the week.

Failure to move through to $43 levels could see Litecoin hit reverse.

A fall back through to sub-$42 levels would bring the first major support level at $40.18 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$40 levels in the week.

At the time of writing, Litecoin was down by 0.3% to $42.60. A bearish start to the day saw Litecoin fall from a morning high $42.75 to a low $42.60 on Sunday.

LTC/USD 29/12/19 Weekly Chart

Tron’s TRX

Tron’s TRX slipped by 0.42% in the week ending 28th December. Following on from a 2.82% slide from the previous week, Tron’s TRX ended the week at $0.013520.

A bullish start to the week saw Tron’s TRX rally to an early Monday intraweek high $0.01600 before hitting reverse.

Tron’s TRX broke through the first major resistance level at $0.01440 and the second major resistance level at $0.01530.

The reversal saw Tron’s TRX slide to a Wednesday intraweek low $0.013043 before finding support.

Steering well clear of the first major support level at $0.01240, Tron’s TRX struck $0.01380 levels on Friday before sliding back into the deep red.

A 1.69% gain on Sunday cut the deficit for the week, however, with Tron’s TRX finding support from the broader market.

For the week ahead

Tron’s TRX would need to move back through to $0.01420 levels to support a run at the first major resistance level at $0.01530.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.0140 levels.

Barring an extended crypto rally, Tron’s TRX would likely fall short of last week’s high $0.0160.

In the event of a broad-based crypto rally, the second major resistance level at $0.0170 levels would likely cap any upside.

Failure to move through to $0.01420 levels could see Tron’s TRX spend another week in the red.

A pullback to through last week’s low $0.013043 would bring the first major support level at $0.01240 into play.

Barring a crypto meltdown, however, Tron’s TRX should steer well clear of the second major support level at $0.1120

At the time of writing, Tron’s TRX was down by 0.46% to $0.013458. A bearish start to the week saw Tron’s TRX fall from a morning high $0.013520 to a low $0.013458.

TRX/USD 29/12/19 Weekly Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 25/12/19

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

Binance Coin Price Support

It was a mixed first half of the week for Binance Coin.

A bullish start to the week saw Binance Coin rally to a Monday current week high $14.05 before hitting reverse.

Falling short of the week’s first major resistance level at $14.58, Binance Coin slid to a Monday current week low $13.14.

In spite of a 3.6% slide on Monday, Binance Coin steered clear of the first major support level at $12.07.

Range-bound on Tuesday, Binance Coin rose by 0.23% on the day to reverse losses from the start of the week.

For the current week, Sunday through Tuesday, Binance Coin was up by 0.08% to $13.33.

The near-term bearish trend remained intact, supported by the current week loss and new swing lo. Binance Coin had continued to struggle at the 23.6% FIB of $21 ahead of the extended crypto sell-off.

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 0.91% to $13.21. A bearish start to the day on Wednesday saw Binance Coin fall from an early morning high $13.40 to a morning low $13.17.

In spite of the early moves, Binance Coin continued to leave the major support and resistance levels untested.

BNB/USD 25/12/19 Daily Chart

For the remainder of the week

Binance Coin would need to move back through to $13.35 levels to bring the first major resistance level at $14.59 into play

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $14.05.

Barring a broad-based crypto rebound, the first major resistance level at $14.58 would likely pin Binance Coin back in the week.

Failure to move through to 13.35 levels could see Binance Coin slide back into the red.

A pullback through the current week low $13.14 would bring the first major support level at $12.07 into play

Barring a crypto meltdown support at $12 levels should limit the downside in the 2nd half of the week.

Looking at the Technical Indicators

Major Support Level: $12.07

Major Resistance Level: $14.58

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 – 22/12/19

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

Binance Coin

Binance Coin fell by 7.44% in the week ending 21st December. Following on from an 8.18% slide from the previous week, Binance Coin ended the week at $13.31.

A relatively bullish start to the week saw Binance Coin rise to an early Sunday intraweek high $14.62.

Falling well short of the first major resistance level at $15.49, Binance Coin tumbled to a late Tuesday intraweek low and new swing lo $12.11.

A 6.6% loss on Monday and 8.1% slide on Tuesday saw Binance Coin visit sub-$13 levels for the 1st time since March.

3 consecutive days in the red also saw Binance Coin fall through the first major support level at $13.71 and second major support level at $13.06.

A rebound on Wednesday saw Binance Coin rally by 10.5% to revisit $14 levels before easing back to sub-$14 levels.

For the week ahead

Binance Coin would need to move through to $13.50 levels to support a run at the first major resistance level at $14.58.

Support from the broader market would be needed for Binance Coin to break back through to $14 levels.

Barring a broad-based crypto rally, however, Binance Coin would likely fall well short of $16 levels again.  The second major resistance level at $15.86 would likely cap any upside on the week.

Failure to move through to $13.50 levels could likely see Binance Coin spend a 6th consecutive week in the red.

A fall back through to sub-$13 levels would bring the first major support level at $12.07 into play.

Barring another crypto meltdown, Binance Coin should steer clear of sub-$12 and the second major support level at $10.84.

At the time of writing, Binance Coin was up by 0.41% to $13.37. A mixed start to the day on Sunday saw Binance Coin fall to a morning low $13.27 before striking a high $13.41.

BNB/USD 22/12/19 Weekly Chart

Litecoin

Litecoin slid by 8.12% in the week ending 21st December. Following on from a 4.36% decline from the previous week, Litecoin ended the week at $39.73

A positive start to the week saw Litecoin rise to an intraweek high $44.04 on Sunday before hitting reverse.

Following a 0.39% gain on Sunday, Litecoin slid by 8.1% on Monday and by 7.3% on Tuesday to a Wednesday intraweek low and new swing lo $35.88.

Steering clear of the major resistance levels, Litecoin fell through the major support levels before finding support on Wednesday.

A broad-based crypto rally saw Litecoin bounce back to $41 levels with a 10.7% gain on the day.

The upside was short-lived, however, with Litecoin easing back to sub-$40 and into the deep red.

The pullback saw Litecoin fall back through the first major support level at $41.85 and second major support level at $40.47.

For the week ahead

Litecoin would need to move through to $40 levels to support a run at the first major resistance level at $43.75.

Support from the broader market would be needed, however, for Litecoin to break back through to $43 levels.

Barring a broad-based crypto rally in the week, last week’s high $43.84 and first major resistance level would likely cap any upside on the week.

Failure to move through to $40 levels could see Litecoin spend another week in the red.

A fall back through to sub-$38 levels would bring the first major support level at $35.79 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$36 levels in the week.

At the time of writing, Litecoin was up by just 0.08% to $39.76. Early on Sunday, Litecoin fell to an early low $39.69 before striking a high $39.81.

LTC/USD 22/12/19 Weekly Chart

Tron’s TRX

Tron’s TRX fell by 2.82% in the week ending 21st December. Following on from a 7.72% tumble from the previous week, Tron’s TRX ended the week at $0.013488.

A bullish start to the week saw Tron’s TRX rise to a Sunday intraweek high $0.014214 before hitting reverse.

Falling well short of the first major resistance level at $0.01430, Tron’s TRX slid to a Wednesday intraweek low $0.012160.

The reversal saw Tron’s TRX slide through the first major support level at $0.01290 and the second major support level at $0.01230.

Finding support in the 2nd half of the week, 2 days in the green out of 3 saw Tron’s TRX move back to $0.01340 levels to limit the loss for the week.

Early in the week, a 4% fall on Monday and a 7.05% slide on Tuesday did the damage. A 7.47% bounce back on Wednesday., did limit the downside, however.

For the week ahead

Tron’s TRX would need to avoid a return to $0.0133 levels to support a run at the first major resistance level at $0.01440

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.0140 levels.

Barring an extended crypto rally, Tron’s TRX would likely fall short of $0.0160 levels in the week. The second major resistance level at $0.01530 would likely limit any upside.

Failure to steer clear of $0.0138 levels could see Tron’s TRX see another heavy weekly loss.

A pullback to through last week’s low $0.01330 levels would bring the first major support level at $0.01240 into play.

Barring a crypto meltdown, however, Tron’s TRX should steer well clear of the second major support level at $0.1120

At the time of writing, Tron’s TRX was up by 3.08% to $0.013903. A bullish start to the day saw Tron’s TRX rally from an early morning low $0.013572 to a high $0.013903.

TRX/USD 22/12/19 Weekly Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 18/12/19

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Support

It’s been yet another bearish start to the week for Binance Coin.

A mixed start to the week saw Binance Coin rise to a Sunday current week high $14.71 before hitting reverse.

Falling well short of the first major resistance level at $15.49, Binance Coin tumbled to a Tuesday current week low and new swing lo $12.11.

On a first visit to sub-$13 levels since March, Binance Coin fell through the first major support level at $13.71 and second major support level at $13.06.

The slide came off the back of a 6.59% slide on Monday and an 8.04% tumble on Tuesday. A 0.1% gain on Sunday did very little to spur demand.

Through the 2nd half of the day on Tuesday, Binance Coin had managed to move back through the second major support level before succumbing to. Market forces.

For the current week, Sunday through Tuesday, Binance Coin was down by 14.12% to $12.35

The near-term bearish trend remained intact, supported by the current week loss and new swing lo. Binance Coin had continued to struggle at the 23.6% FIB of $21 ahead of the extended crypto sell-off.

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 2.33% to $12.63. A bullish start to the day on Wednesday saw Binance Coin rise from an early morning low $12.24 to a morning high $12.71.

In spite of the early rally, Binance Coin failed to break back through the second major support level at $13.06.

BNB/USD 18/12/19 Daily Chart

For the remainder of the week

Binance Coin would need to break back through the first major support level at $13.71 to bring the first major resistance level at $15.49 into play

Support from the broader market would be needed, however, for Binance Coin to break out from $14 levels.

Barring a broad-based crypto rebound, the first major support level at $13.71 would likely pin Binance Coin back in the week.

Failure to move through the first major support level could see Binance Coin slide deeper into the red.

A pullback through the current week low $12.11 would bring the third major support level at $11.28 into play.

Barring a crypto meltdown, however, support at $12 levels should limit the downside in the week.

Looking at the Technical Indicators

Major Support Level: $13.71

Major Resistance Level: $15.49

23.6% FIB Retracement Level: $18.8

38.2% FIB Retracement Level: $22.9

62% FIB Retracement Level: $29.5