Altcoins Weekly Analysis – BNB, EOS and ETH – 25/08/19

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

Binance Coin

Binance Coin fell by 4.15% in the week ending 24th August. Following on from a 7.1% slide from the previous week, Binance Coin ended the week at $26.35.

Another bullish start to the week saw Binance Coin rally to a Sunday intraweek high $29.38 before hitting reverse.

In spite of the start of the week rally, Binance Coin came up short of $30 levels and the first major resistance level at $30.63.

While falling short of the major resistance levels, the Sunday rally saw Binance Coin break through the 38.2% FIB of $28.

Following a 3.2% rally on Sunday, Binance Coin saw two consecutive days of heavy losses. The reversal saw Binance Coin slide back through the 38.2% FIB of $28 to $25 levels and into the red.

A third sell-off on Saturday dragged Binance Coin deeper into the red. The sell-off saw Binance Coin fall to an intraweek low $25.79 before recovering to $26 levels.

In spite of the reversal, Binance Coin steered clear of the week’s first major support level at $25.

For the week ahead

A move through to $27.20 levels would support a run at the 38.2% FIB of $28 in the early part of the week.

Binance Coin would need the support of the broader market, however, to break out from the first major resistance level at $28.56.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $29.38 would likely leave Binance Coin short of $30 levels.

In the event of a breakout, Binance Coin test the second major resistance level at $30.76 before any pullback. We would expect Binance Coin to continue to come up well short of the 23.6% FIB of $34 on the week.

Failure to move back through $27.2 levels could see Binance Coin spend another week in the red. A fall through last week’s low $25.79 would bring the first major support level at $25.00 into play.

Barring a crypto meltdown, however, Binance Coin should continue to steer clear of sub-$24 support levels on the week.

At the time of writing, Binance Coin was down by 0.07% to $23.33

BNB/USD 25/08/19 Weekly Chart

EOS

EOS rose by 2.74% in the week ending 24th August. Partially reversing a 12.45% tumble from the previous week, EOS ended the week at $3.6661.

A relatively bullish start to the week saw EOS strike a late Sunday intraweek high $3.8013 before hitting reverse.

Falling short of the first major resistance level at $4.1134, EOS stumbled to a Tuesday intraweek low $3.3574.

In spite of the reversal, EOS steered clear of the first major support level at $3.1608, supporting a move back to $3.77 levels on Friday.

A broad-based crypto reversal on Saturday left EOS back at $3.6 levels to limit the upside for the week.

For the week ahead

A move back through to $3.7 levels would support a run at the first major resistance level at $3.8591. EOS would need the support of the broader market, however, to break out from last week’s high $3.8013.

Barring a broad-based crypto rally, EOS would fall well short of the second major resistance at $4.0522.

Failure to move through to $3.7 levels could see EOS fall back into the red. A pullback through to sub- $3.6 levels would bring the first major support level at $3.42 into play.

Barring a crypto meltdown, EOS should steer well clear of the second major support level at $3.16 and sub-$3.00 levels.

At the time of writing, EOS was down by 0.21% to $3.6586.

EOS/USD 25/08/19 Weekly Chart

Ethereum

Ethereum gained 2.86% in the week ending 24th August. Partially reversing a 9.96% slide from the previous week, Ethereum ended the week at $190.89.

Tracking the broader market early on, Ethereum rallied by 3.9% last Sunday to a Sunday intraweek high $203.91.

Falling well short of the first major resistance level at $211.11, Ethereum saw 2 consecutive days in the red. A 4.7% tumble on Tuesday saw Ethereum fall to an intraweek low $180 before finding support.

Steering well clear of the first major support level at $165.53, Ethereum bounced back to $196 levels before a Saturday pullback.

For the week ahead

A move through to $191.6 levels would signal a return to $200 levels in the week. Ethereum would need the support of the broader market, however, to take a run at the first major resistance level at $203.2.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $203.91 would likely limit any upside.

In the event of a broad-based crypto rally, the second major resistance level at $215.51 would likely come into play.

Failure to move through to $191.6 levels could see Ethereum test the first major support level at $179.29.

Barring a crypto meltdown, however, Ethereum should steer clear of sub-$170 support levels.

At the time of writing, Ethereum was down by 0.21% to $190.49.

ETH/USD 25/08/19 Weekly Chart

Ethereum Mid-Week Analysis – Resistance Levels in Play – 21/08/19

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Ethereum Price Resistance

It’s been a relatively bullish first half of the week for Ethereum. Following last week’s 9.96% slide, Ethereum was up by 5.91% Sunday through Tuesday.

A bullish start to the week saw Ethereum rise to a Monday current week high $203.91 before easing back.

In spite of 2-consecutive days in the green that included a 4.93% rally on Sunday, Ethereum fell short of the first major resistance level at $211.11.

A reversal on Tuesday, saw Ethereum fall by 2.85% to end the day back at sub-$200 levels.

Through the first half of the week, Ethereum also steered well clear of the major support levels. A Sunday current week low $183.31 held well above the first major support level at $165.53.

Of greater significance in the current week, Ethereum continued to fall well short of the 23.6% FIB of $257.

The extended bearish trend, formed at May 2018’s swing hi $828.97 remained firmly intact. Ethereum had continued to fall short of the 38.2% FIB Retracement Level of $367, before the slide back through the 23.6% FIB of $257.

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

At the time of writing, Ethereum was down by 0.26% to $196.05. A bearish start to the day saw Ethereum fall from an early morning high $197.17 to a low $195.95.

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

ETH/USD 21/08/19 Daily Chart

For the remainder of the week

Ethereum would need to steer clear of sub-$191 levels to support another move through to $200 levels in the week.

Support from the broader market would be needed, however, for Ethereum to break out from the current week high $203.91.

In the event of a rebound from Tuesday’s pullback, Ethereum would likely test the first major resistance level at $211.11.

Barring a broad-based crypto breakout, however, Ethereum would likely come up short of last week’s high $216.58.

Failure to hold onto $191 levels could see Ethereum give up the current week gains. A slide through to $185 levels would bring sub-$180 levels into play before any recovery.

Barring a crypto meltdown, however, Ethereum should steer clear of last week’s low $171 and the first major support level at $165.53.

With Ethereum down by 10.12% for the current month to the end of Tuesday, a move back through to $200 levels is key.

Failure to hold within the $200 range will likely weigh heavily on Ethereum near-term.

Looking at the Technical Indicators

Major Support Level: $165.53

Major Resistance Level: $211.11

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Altcoins Weekly Analysis – BNB, EOS and ETH – 18/08/19

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

Binance Coin

Binance Coin slid by 7.1% in the week ending 17th August. Reversing a 6.6% gain from the previous week, Binance Coin ended the week at $27.46.

A bullish start to the week saw Binance Coin gain 2.2% last Sunday, supporting an early Monday intraweek high $30.63.

In spite of the start of the week rally, Binance Coin came up well short of the first major resistance level at $32.42.

Succumbing to pressure from the broader market, Binance Coin slid to a Thursday intraweek low $25.35.

The sell-off saw Binance coin fall through the 38.2% FIB of $28 and the first major support level at $26.51.

A late Thursday bounce-back through the first major support level and 38.2% FIB was short-lived.

While managing to close out the week above the first major support level Binance Coin fell back through the 38.2% FIB.

For the week ahead

A move through 38.2% FIB of $28 in the early part of the week would support another move back through to $30 levels. Binance Coin would need the support of the broader market, however, to break out from the first major resistance level at $30.28.

Barring a broad-based crypto rally,  the first major resistance level and last week’s high $30.63 would likely cap any upside.

In the event of a breakout, Binance Coin could visit $32 levels before any pullback. We would expect Binance Coin to come up well short of the 23.6% FIB of $34 on the week.

Failure to move back through the 38.2% FIB of $28 could see Binance Coin spend another week in the red. A fall through last week’s low $25.35 would bring the first major support level at $25.00 into play.

Barring a crypto meltdown, however, Binance Coin should continue to steer clear of sub-$25 support levels on the week.

At the time of writing, Binance Coin was up by 0.52% to $27.60.

BNB/USD 18/08/19 Weekly Chart

EOS

EOS tumbled by 12.45% in the week ending 17th August. Following on from a 5.2% fall from the previous week, EOS ended the week at $3.5593.

A bullish start to the week saw EOS strike a late Sunday intraweek high $4.2689 before hitting reverse.

Falling short of the first major resistance level at $4.4960, EOS stumbled to a Thursday intraday low $3.3163.

The reversal saw EOS fall through the first major support level at $3.7185 and second major support level at $3.3707.

Six consecutive days of losses left EOS deep in the red for the week.

For the week ahead

A move through to $3.7150 levels would support a run at the first major resistance level at $4.1134. EOS would need the support of the broader market, however, to break through to $4.00 levels.

Barring a broad-based crypto rally, however, EOS would fall well short of the first major resistance

Resistance at $4.00 levels would likely cap any upside on the week.

Failure to move through to $3.7150 levels could see EOS take another hit. A fall back through last week’s low $3.3163 would bring the first major support level at $3.1608 into play.

Barring a crypto meltdown, EOS should steer well clear of sub-$3.00 levels and the second major support level at $2.7622.

At the time of writing, EOS was up by 0.05% to $3.5610.

EOS/USD 18/08/19 Weekly Chart

Ethereum

Ethereum slid by 9.96% in the week ending 17th August. Following on from a 7.22% fall from the previous week, Ethereum ended the week at $185.59.

Tracking the broader market early on, Ethereum rallied by 4.8% last Sunday to a Sunday intraweek high $216.58.

Falling well short of the first major resistance level at $230.24, Ethereum tumbled to a Thursday intraweek low $171.

The reversal saw Ethereum slide through the first major support level at $191.17 and second major support level at $176.24.

A Thursday bounce back to $190 levels and into positive territory for the day eased the pain ahead of a pullback to sub-$190 levels. Thursday’s bounce-back was key to avoiding heavier losses from another bearish week.

For the week ahead

A move through to $191 levels would signal a return to $200 levels in the week. Ethereum would need the support of the broader market, however, to take a run at the first major resistance level at $211.11.

Barring a broad-based crypto rally, Ethereum would likely fall short of last week’s high $216.58.

Failure to move through to $200 levels could see Ethereum slide through to sub-$180 levels.

Barring a crypto meltdown, however, Ethereum should steer clear of the first major support level at $165.53.

In the event of a meltdown, Ethereum could visit last week’s low $171, however, before any recovery.

At the time of writing, Ethereum was down by 0.05% to $185.49.

ETH/USD 18/08/19 Weekly Chart

Binance Coin Analysis – Resistance Levels in Play – 14/08/19

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

Binance Coin Price Support

It’s been a choppy start to the week for Binance Coin.

A Sunday fall to an intraday low $29.13 saw Binance Coin steer well clear of the week’s first major support level at $26.51. Finding support through to early Monday, Binance Coin rallied to a Monday intraday high $30.63.

Falling well short of the first major resistance level at $32.42, Binance Coin slid to a Tuesday intraday low $28.92.

In spite of the reversal, Binance Coin steered clear of the 38.2% FIB of $28 and first major support level at $26.51.

Support through Tuesday afternoon limited the downside for the day and the current week.

A second consecutive day in the red, however, left Binance Coin down by 0.71%, Sunday through Tuesday.

Following 5 consecutive months in the green, June and July saw Binance Coin pullback from $40 levels.

In spite of the bearish start to the current week, however, Binance Coin has managed to hold onto positive territory for the current month. Through to the end of Tuesday, Binance Coin was up by 5.58% in August.

The near-term bullish trend formed at 7th December’s swing lo $4.17 remained firmly intact.

Binance Coin is up by 364% year-to-date, with Binance Coin managing to steer clear of the 38.2% FIB of $28 in the current week.

For the bulls, steering clear of sub-$20 levels will be key to maintaining the upward momentum for the current year…

At the time of writing, Binance Coin was down by 0.5% to $29.20. A bearish start to the morning saw Binance Coin fall from an early morning high $29.45 to a low $29.06.

In spite of the early pullback, Binance Coin continued to steer clear of the 38.2% FIB of $28.

BNB/USD 14/08/19 Weekly Chart

For the remainder of the week

Binance Coin would need to hold onto $29 levels through the middle of the week to support a move through to $30 levels.

Binance Coin would need the support of the broader market, however, to take a run at the first major resistance level at $32.42.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $32.2 would likely limit any upside.

In the event of a crypto rebound, the 23.6% FIB of $34 could come into play before any pullback.

Failure to hold onto $29 levels would see Binance Coin fall through the 38.2% FIB of $28.

Barring a broad-based crypto meltdown, however, Binance Coin should steer clear of the first major support level at $26.51.

Looking at the Technical Indicators

 

Major Support Level: $26.51

Major Resistance Level: $32.42

23.6% FIB Retracement Level: $34

38.2% FIB Retracement Level: $28

62% FIB Retracement Level: $19

Altcoins Weekly Analysis – BNB, EOS and ETH – 11/08/19

Bitcoin, Ethereum, Litecoin Digital cryptocurrencys on a notebook

Binance Coin

Binance Coin gained 6.6% in the week ending 10th August. Following on from a 0.25% rise in the previous week, Binance Coin ended the week at $29.57.

Relatively range-bound through the early part of the week, Binance Coin eased to a Tuesday intraweek low $26.29.

The pullback saw Binance Coin test the first major support level at $26.28 before making a move.

Bullish through the 2nd half of the week, Binance Coin rallied to a Thursday intraweek high $32.2 before easing back.

Binance Coin broke back through the 38.2% FIB of $28 and the first major resistance level at $29.10.

The gain for the week came in spite of 4-days in the red. A 7.4% rally on Wednesday delivered for the bulls. While finding support, 2 consecutive days in the red at the end of the week left Binance Coin at sub-$30 levels.

For the week ahead

Holding onto $29 levels through the early part of the week would support another move back through to $32 levels. Binance Coin would need the support of the broader market, however, to break out from the first major resistance level at $32.42.

Barring a broad-based crypto rally, last week’s high $32.2 and first major resistance level would likely cap any upside.

In the event of a breakout, the 23.6% FIB of $34 could come into play before any pullback.

Failure to hold onto $29 levels could see Binance Coin hit reverse. A fall through the 38.2% FIB of $28 would bring the first major support level at $26.51 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of sub-$25 support levels on the week.

At the time of writing, Binance Coin was down by 0.21% to $29.51.

BNB/USD 11/08/19 Weekly Chart

EOS

EOS fell by 5.2% in the week ending 10th August. Reversing a 0.33% gain from the previous week, EOS ended the week at $4.0664.

After a bearish start to the week, EOS bounced back with a 5.19% rally on Monday to strike an intraweek high $4.5778.

EOS broke through the first major resistance level at $4.5342 before hitting reverse. A 6.01% loss on Tuesday and a 6.41% slide on Friday did the damage. The reversal saw EOS fall to a Friday intraweek low $3.8003.

EOS fell through the first major support level at $3.9533 before finding support to move back through to $4.00 levels. A 3.86% rally on Saturday cut the deficit for the week.

For the week ahead

A move through to $4.15 levels would support a run at the first major resistance level at $4.4960. EOS would need the support of the broader market, however, to break out from $4.20 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $4.5778 could continue to pin EOS back.

In the event of a crypto rebound, the second major resistance level at $4.496 would likely come into play.

Failure to move through to $4.15 levels could see EOS take another hit. A fall back through to sub-$4.00 levels would bring the first major support level at $3.7185 into play.

Barring a crypto meltdown, EOS should steer well clear of the second major support level at $3.3707.

At the time of writing, EOS was up by 0.58% to $4.0898.

EOS/USD 11/08/19 Weekly Chart

Ethereum

Ethereum fell by 7.22% in the week ending 10th August. Reversing a 7.26% rally from the previous week, Ethereum ended the week at $206.10.

A bullish start to the week saw Ethereum rally to a Tuesday morning intraweek high $239.45 before hitting reverse.

Ethereum broke through the first major resistance level at $232.3 before being hit with 5-consecutive days in the red.

The sell-off saw Ethereum fall to a Saturday intraweek low $200.38 before finding support. Ethereum fell through the first major support level at $204.49 before moving back through to $206 levels.

Steering clear of sub-$200 levels was key at the end of the week.

For the week ahead

A move through to $215.3 levels would signal another run at $230 levels in the week. Ethereum would need the support of the broader market, however, to break out from the first major resistance level at $230.24.

Barring a broad-based crypto rally, Ethereum would likely continue to fall short of $240 levels.

Failure to move through to $215.3 levels could see Ethereum slide through to sub-$200 levels.

Barring a crypto meltdown, however, the first major support level at $191.17 should limit any downside in the week.

In the event of a meltdown, Ethereum could visit $180 levels before any recovery. We would expect Ethereum to leave the second major support level at $176.24 untested, however.

At the time of writing, Ethereum was up by 0.12% to $206.34.

ETH/USD 11/08/19 Weekly Chart

Ethereum Analysis – Resistance Levels in Play – 07/08/19

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Ethereum Price Resistance

It’s been a mixed first half of the week for Ethereum. Following last week’s 7.26% rally, Ethereum was up by just 0.29% Sunday through Tuesday.

Another bullish start to the week saw Ethereum strike a Tuesday high $239.45 before hitting reverse.

Following 2-consecutive days in the green that included a 4.55% rally on Monday, Ethereum slid by 3.05% on Tuesday to limit the upside for the current week.

The rally through to Tuesday’s late morning high saw Ethereum break through the first major resistance level at $232.3.

Ethereum steered clear of the week’s major support levels. A Sunday current week low $217.37 held well above the first major support level at $204.94.

Of greater significance in the current week, Ethereum continued to fall short of the 23.6% FIB of $257, following the July sell-off.

The extended bearish trend, formed at May 2018’s swing hi $828.97 remained firmly intact. Ethereum had continued to fall short of the 38.2% FIB Retracement Level of $367, before the slide back through the 23.6% FIB of $257.

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

At the time of writing, Ethereum was up by 0.08% to $226.0. A mixed start to the day on Wednesday saw Ethereum fall to an early low $224.04.

Steering well clear of the week’s first major support level at $204.49, Ethereum struck a morning high $226.39.

In spite of the recovery, Ethereum failed to break back through the first major resistance level at $232.3

ETH/USD 07/08/19 Weekly Chart

For the remainder of the week

Ethereum would need to hold onto $220 levels to support another run at the first major resistance level at $232.3.

Support from the broader market would be needed, however, for Ethereum to break out from the current week high $239.45.

In the event of a broad-based crypto rally, the second major resistance level at $242.46 would come into play.

We would expect Ethereum to continue to come up short of the 23.6% FIB of $257, however.

Failure to hold onto $220 levels could see Ethereum hit reverse. A fall through the current week low $117.37 to $114.6 levels would bring the first major support level at $204.49 into play.

Barring a broad-based crypto sell-off, Ethereum would likely steer clear of sub-$200 levels on the week.

In the event of a crypto meltdown, Ethereum could slide through last week’s low $197 before any recovery. We would expect Ethereum to steer the second major support level at $186.48, however.

With Ethereum up by 3.26% for the current month to the end of Tuesday, steering clear of sub-$200 levels will be key.

Looking at the Technical Indicators

Major Support Level: $204.49

Major Resistance Level: $232.3

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Altcoins Weekly Analysis – BNB, EOS and ETH – 04/08/19

Cryptomania

Binance Coin

Binance Coin rose by just 0.25% in the week ending 3rd August. Following an 11.04% slide in the previous week, Binance Coin ended the week at $27.76.

A bearish first half of the week saw Binance Coin fall to a Tuesday intraweek low $26.13 before finding support.

Steering well clear of the first major support level at $25.24, Binance Coin bounced back to a Thursday intraweek high $28.95.

Whilst falling well short of the first major resistance level at $31.67, Binance Coin broke back through the 38.2% FIB of $28.

Following 3 consecutive days in the green, a bearish end to the week left Binance Coin with 2 consecutive days in the red.

The pullback led to a fall back through the 38.2% FIB of $28 to $26 levels on Saturday before moving back to $27 levels to close out the week in the green.

For the week ahead

A move back through to $27.61 levels would support a run at the first major resistance level at $29.10 later in the week.

Binance Coin would need the support of the broader market, however, to break out from the 38.2% FIB of $28.

Barring a broad-based crypto rebound, the 38.2% FIB and first major resistance level would likely limit any upside on the week.

Failure to move through to $27.61 levels could see Binance Coin slide back into the red for the week. A fall through to $26 levels would bring the first major support level at $26.27 into play.

Barring an extended crypto sell-off in the week, Binance Coin should steer clear of the second major support level at $24.79.

At the time of writing, Binance Coin was down by 1.61% to $27.31.

BNB/USD 04/08/19 Weekly Chart

EOS

EOS rose by 0.33% in the week ending 3rd August. Partially reversing a 0.91% fall from the previous week, EOS ended the week at $4.2866.

A bearish start to the week saw EOS slide to a Sunday intraweek low $3.8675 before finding support.

Steering clear of the first major support level at $3.5308, EOS recovered to a Wednesday intraweek high $4.4484.

In spite of the recovery, EOS came up short of the first major resistance level at $4.8623 before easing back to $4.04 levels on Friday.

A 2.5% rally on Saturday was needed to reverse losses on the week that stemmed from 4 days in the red out of the 7.

For the week ahead

Holding above $4.2000 would support a run at the first major resistance level at $4.5342.

EOS would need the support of the broader market, however, to break out from last week’s high $4.4484.

Barring a broad-based crypto rally, EOS would likely continue to fall short of $5.00 levels. That would make it 4 consecutive weeks at sub-$5.00 levels.

In the event of a crypto rebound, a breakthrough the second major resistance level at $4.7817 would bring $5.00 levels into play.

Failure to hold above $4.2000 would bring sub-$4.00 levels back into play.

Barring a crypto meltdown, the first major support level at $3.9533 and last week’s low $3.8675 should limit any downside on the week.

In the event of a crypto meltdown, the second major support level at $3.6199 could come into play.

At the time of writing, EOS was down by 1.72% to $4.2129.

EOS/USD 04/08/19 Weekly Chart

Ethereum

Ethereum rallied by 7.26% in the week ending 3rd August. Reversing most of a 9.5% gain from the previous week, Ethereum ended the week at $207.11.

A choppy start to the week saw Ethereum fall to a Sunday intraweek low $197. Recovering from the sell-off, Ethereum bounced back with a 2.12% gain on the day.

In spite of the early pullback, Ethereum steered clear of the first major support level at $195.12.

Following 2 consecutive days in the red, Ethereum found support through the 2nd half of the week. Ethereum hit a Saturday intraweek high $224.81 before easing back.

Ethereum came up against the week’s first major resistance level at $224.47 to limit the upside on the day.

For the week ahead

Holding above $214.7 levels in the early part of the week would support a run at the first major resistance level at $232.30.

Ethereum would need the support of the broader market, however, to take a run at the second major resistance level at $242.46.

Barring a broad-based crypto rally, Ethereum would likely continue to fall short of the 23.6% FIB of $257. That would leave Ethereum at sub-$300 levels for a 4th consecutive week.

Failure to hold above $214.7 levels could see Ethereum hit reverse.

A fall back through to sub-$210 would bring the first major support level at $204.49 into play.

Barring a crypto meltdown, Ethereum should steer well clear of the first major support level at $186.84.

At the time of writing, Ethereum was down by 1.63% to $218.52.

ETH/USD 04/08/19 Weekly Chart

Ethereum Analysis – Support Levels in Play – 31/07/19

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Ethereum Price Support

It’s been a sluggish first half of the week for Ethereum. Following last week’s 9.5% slide, Ethereum was up by just 1.31% Sunday through to Tuesday.

A bullish start to the week saw Ethereum gain 2.12% on Sunday before seeing 2 consecutive days in the red to limit the upside on the week.

Ethereum steered clear of the week’s first major support level at $195.12 on Sunday with a current week low $197.0. Rallying through Sunday and early Monday, Ethereum struck a current week high $215.31 before easing back.

Ethereum came up well short of the week’s first major resistance level at $224.47.

In spite of the upward momentum in the week, Ethereum also continued to fall short of the 23.6% FIB of $257.

The extended bearish trend, formed at May 2018’s swing hi $828.97 remained firmly intact, however. Ethereum continued to fall short of the 38.2% FIB Retracement Level of $367, before the slide back through the 23.6% FIB of $257.

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

At the time of writing, Ethereum was up by 1.45% to $212.88. A bullish start to the day saw Ethereum rally to an early morning high $213.79 before sliding to a low $209.53.

Steering clear of the major support and resistance levels, Ethereum found support to move back through to $212 levels.

ETH/USD 31/07/19 Daily Chart

For the remainder of the week

Ethereum would need to hold onto $212 levels to support another run at the first major resistance level at $224.47.

Support from the broader market would be needed, however, for Ethereum to break out from the current week high $215.31.

In the event of a broad-based crypto rally, the 23.6% FIB of $257 would come into play.

Barring a broad-based crypto rally, the first major resistance level at $224.47 and last week’s high $229.85 would likely limit any upside on the week.

Failure to hold onto $212 levels could see Ethereum take another slide. A fall through the current week low $197 would bring the first major support level at $195.12 into play.

Barring a broad-based crypto sell-off, Ethereum would likely steer clear of sub-$190 levels on the week.

In the event of a crypto meltdown, Ethereum would likely test the second major support level at $183.14 before any recovery.

With Ethereum down by 27.7% for the current month to the end of Tuesday, steering clear of sub-$190 levels is key.

Looking at the Technical Indicators

Major Support Level: $195.12

Major Resistance Level: $224.47

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Altcoins Weekly Analysis – BNB, EOS and ETH – 28/07/19

Bitcoin, Ethereum, Litecoin Digital cryptocurrencys on a notebook

Binance Coin

Binance Coin tumbled by 11.04% in the week ending 27th July. Following on from a 1.27% fall from the previous week, Binance Coin ended the week at $27.73.

A choppy start to the week saw Binance Coin fall by 2.1% on Sunday before bouncing back to a Monday intraweek high $33.13.

Falling well short of the first major resistance level at $35.07, Binance Coin slid to a Saturday intraweek low $26.70.

Whilst steering clear of the first major support level at $25.43, Binance Coin fell through the 38.2% FIB of $28.0.

4-days in the red through the week did the damage, with a 1.17% gain on Monday the largest upswing in the week.

For the week ahead

A move through to $29.20 levels would support a run at the first major resistance level at $31.67 later in the week.

Binance Coin would need the support of the broader market, however, to break out from the 38.2% FIB of $28.

Barring a broad-based crypto rebound, the 38.2% FIB and first major resistance level would likely limit any upside on the week.

Failure to move through to $29.2 levels could see Binance Coin lose more ground in the week. A fall through last week’s low $26.7 would bring the first major support level at $25.24 into play.

Barring an extended crypto sell-off in the week, Binance Coin should steer clear of the second major support level at $22.76.

At the time of writing, Binance Coin was down by 0.71% to $27.54.

BNB/USD 28/07/19 Weekly Chart

EOS

EOS fell by 0.91% in the week ending 27th July. Following on from an 8.98% slide from the previous week, EOS ended the week at $4.2649.

A mixed start to the week saw EOS reverse minor gains from Sunday to fall to a Monday intraweek low $3.9342.

Steering well clear of the first major support level at $3.4871, EOS bounced back to a Saturday intraweek high $4.7753.

In spite of 4-days in the green for the week, a particularly bearish Saturday left EOS in the red for the week. After striking an intraweek high in the early hours of Saturday, EOS tumbled by 7.8% on the day.

For the week ahead

Holding above $4.13 levels would support a run at the first major resistance level at $4.8623.

EOS would need the support of the broader market, however, to break out from last week’s high $4.7257.

Barring a broad-based crypto rally, EOS would likely fall short of $5.00 levels for a 3rd consecutive week.

In the event of a crypto rebound, the second major resistance level at $5.4598 would likely limit the upside on the week.

Failure to hold onto $4.13 levels would bring sub $4.00 levels back into play.

Barring a crypto meltdown, the first major support level at $3.5308 and last week’s low $3.3942 should limit any downside on the week.

In the event of a crypto meltdown, EOS could test the second major support level at $2.7968 before any recovery.

At the time of writing, EOS was up by 0.44% to $4.2837.

EOS/USD 28/07/19 Weekly Chart

Ethereum

Ethereum slid by 9.50% in the week ending 27th July. Following on from a 14.91% tumble from the previous week, Ethereum ended the week at $207.11.

Another bearish week saw Ethereum fall from a Sunday intraweek high $229.85 to a Wednesday intraweek low $200.5.

Falling well short of the first major resistance level at $269.24, Ethereum tested support at $200 before recovering to $220 levels.

A particularly bearish end to the week saw Ethereum slide back to $202 levels on Saturday before wrapping up the week at $207 levels.

Ethereum steered well clear of the first major support level at $189.33 in spite of the reversal.

Of greater significance was a hold onto $200 levels…

For the week ahead

A move through to $213 levels in the early part of the week would support a run at the first major resistance level at $224.47.

Ethereum would need the support of the broader market, however, to take a run at the 23.6% FIB of $257.

Barring a broad-based crypto rebound, Ethereum would likely fall well short of $300 levels for a 3rd consecutive week.

The second major resistance level at $241.84 and 23.6% FIB of $257 would likely limit any upside on the week.

Failure to move through to $213 levels could see Ethereum take another weekly loss.

A fall back through to last week’s low $200.5 would bring the first major support level at $195.12 into play.

Barring a crypto meltdown, Ethereum should steer clear of sub-$190 support levels on the week.

At the time of writing, Ethereum was up by 1.36% to $209.93.

ETH/USD 28/07/19 Weekly Chart

Ethereum Analysis – Support Levels in Play – 24/07/19

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

Ethereum Price Support

It’s been a bearish first half to the week for Ethereum. Following last week’s 14.9% slide, Ethereum was down by 7.4% Sunday through Tuesday.

It was 3-consecutive days in the red, with a 1.42% fall on Sunday being the most modest of losses on the week so far.

A start of the week current week high $229.85, stuck on Sunday saw Ethereum fall well short of the first major resistance level at $269.24. Of greater significance was Ethereum’s falling short of the 23.6% FIB of $257 through the 1st half of the week.

The 3-days in the red saw Ethereum fall to a Tuesday current week low $208.43 before finding support to end the day at $211.93.

Ethereum managed to steer clear of the first major support level at $189.33 in spite of the pullback.

The extended bearish trend, formed at May 2018’s swing hi $828.97 remained firmly intact, however. Ethereum continued to fall short of the 38.2% FIB Retracement Level of $367, before the slide back through the 23.6% FIB of $257.

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

At the time of writing, Ethereum was down by 2.65% to $206.31. Another bearish start to the day saw Ethereum fall from an early morning high $212.2 to a new current week low $200.5.

Ethereum managed to avoid sub-$200 levels and the week’s first major support level at $189.33 early on. The early moves were pointing towards a 4th consecutive day in the red, however.

Another weekly loss would make it 4-weeks-in-a-row for Ethereum that has tumbled back from a late June high $364.49.

ETH/USD 24/07/19 Weekly Chart

For the remainder of the week

Ethereum would need to steer clear of sub-$200 levels and move through to $230 levels to support a rebound.

A move through to $230 levels would bring the first major resistance level at $269.24 into play. Ethereum would need the support of the broader market, however, to break through the 23.6% FIB of $257.

In the event of a broad-based crypto rally, Ethereum could move through last week’s high $270 before any pullback.

Barring a crypto rally going into the weekend, however, the 23.6% FIB of $257 would likely cap any upside in the event of a bounce back.

We would expect Ethereum to fall short of the second major resistance level at $309.58 in the week.

Failure to move through to $230 levels could see Ethereum slide back to sub-$200 levels before any recovery.

In the event of an extended broad-based crypto reversal, Ethereum would likely test the first major support level at $189.33.

Barring a crypto meltdown, however, Ethereum should steer well clear of sub-$180 support levels.

Looking at the Technical Indicators

Major Support Level: $189.33

Major Resistance Level: $269.24

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543