Binance Coin Mid-Week Analysis – Support Levels in Play – 11/12/19

Binance

Binance Coin Price Support

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

3 consecutive days in the red saw Binance Coin fall to a Tuesday current week low $14.52.

The sell-off saw Binance Coin slide through the first major support level at $14.79 before finding support.

While bearish through the start of the week, Binance Coin did strike a Monday current week high $15.96 before sliding back into the red on the day.

In spite of the early rally on Monday, however, Binance Coin fell well short of the first major resistance level at $16.46.

For the current week, Sunday through Tuesday, Binance Coin was down by 5.5% to $14.79.

While seeing red through the start of the week, a 3.56% slide on Tuesday did the damage.

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 latest 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 0.57% to $14.87. A relatively bullish start to the day on Wednesday saw Binance Coin rise from an early morning low $14.75 to a high $14.92.

The early morning move saw Binance Coin break back through the first major support level at $14.79 early on.

BNB/USD 11/12/19 Weekly Chart

For the remainder of the week

Binance Coin would need to move back through to $15.60 levels to support a run at the first major resistance level at $16.46.

Support from the broader market would be needed, however, for Binance Coin to break out from $15 levels.

Barring a broad-based crypto rebound, resistance at $16 levels would likely pin Binance Coin back in the week.

Failure to move through to $15.60 levels could see Binance Coin slide deeper into the red.

A pullback through the first major support level would bring the second major support level at $13.94 into play.

Barring a crypto meltdown, however, the second major support level should limit any downside in the week.

Looking at the Technical Indicators

Major Support Level: $14.79

Major Resistance Level: $16.46

23.6% FIB Retracement Level: $20

38.2% FIB Retracement Level: $24

62% FIB Retracement Level: $30

Altcoins Weekly Analysis – BNB, EOS and ETH – 08/12/19

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Binance Coin

Binance Coin fell by 0.57% in the week ending 7th December. Following on from a 3.3% slide from the previous week, Binance Coin ended the week at $15.65.

A bearish first half of the week saw Binance Coin fall on 3 of the 4 days. In spite of the downward trend, Binance Coin struck a Wednesday intraweek high $16.42.

Binance Coin fell short of the week’s first major resistance level at $16.89 before closing out Wednesday in the red.

The Wednesday pullback continued into Thursday, with Binance Coin falling to an early morning intraweek low $14.75.

Steering clear of the first major resistance level at $14.22, Binance Coin bounced back to $16 levels, supported by 2 consecutive days in the green.

The bearish sentiment ultimately weighed, however. A pullback on Friday from $16 levels and a 0.31% loss on Saturday left Binance Coin in the red for the week.

For the week ahead

Binance Coin would need to move through to $15.65 levels to support a run at the first major resistance level at $16.46.

Support from the broader market would be needed for Binance Coin to break back through to $16 levels.

Barring a broad-based crypto rally, however, Binance Coin would likely fall well short of $17 levels again.  Last week’s high $16.42 and the first major resistance level at $16.46 would likely cap any upside.

Failure to move through to $15.65 levels could likely see Binance Coin spend a 4th consecutive week in the red.

A fall back through to sub- $15 levels would bring the first major support level at $14.79 into play.

Barring another crypto meltdown, Binance Coin should steer clear of the second major support level at $13.94.

At the time of writing, Binance Coin was down by 1.47% to $15.42.

BNB/USD 08/12/19 Weekly Chart

EOS

EOS fell by 0.97% in the week ending 7th December. Partially reversing a 2.53% gain from the previous week, EOS ended the week at $2.7371.

Bucking the trend from the broader market, EOS rallied rose by 1.22% on Sunday, striking an intraweek high $2.8695.

Falling short of the first major resistance level at $2.9563, EOS slid by 3.53% on Monday and by 2.68% on Wednesday.

Minor support on Tuesday did little to hold off a slide to a Wednesday intraweek low $2.5804.

In spite of the reversal, EOS steered well clear of the first major support level at $2.4634.

Finding support on Thursday and Friday, EOS recovered to $2.75 levels before a 0.39% loss on Saturday.

Despite the Saturday pullback, EOS held onto $2.7 levels to limit the downside in the week.

For the week ahead

EOS would need to move through to $2.75 levels to support a run at the first major resistance level at $2.8776.

Support from the broader market would be needed, however, for EOS to break out from last week’s high $2.8695.

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

Failure to move through to $2.75 levels could see EOS spend a second consecutive week in the red.

A fall back through to sub-$2.70 levels would bring the first major support level at $2.5885 into play.

Barring a crypto meltdown, however, EOS should steer clear of the second major support level at $2.4399.

At the time of writing, EOS was down by 0.48% to $2.7239.

EOS/USD 08/12/19 Weekly Chart

Ethereum

Ethereum slid by 2.76% in the week ending 7th December. Following on from a 0.14% fall from the previous week, Ethereum ended the week at $147.43.

A choppy start to the week saw Ethereum visit $151 levels on Sunday before hitting reverse.

Ethereum saw 4 consecutive days in the red before finding support from the broader market. The reversal saw Ethereum fall to a Wednesday intraweek low $143.17.

Steering clear of the first major support level at $136.48, Ethereum struck an intraweek high $153.0 on the day.

Falling well short of the first major resistance level at $162.41, Ethereum fell back to sub-$150s to end the day in the red.

2 consecutive days in the green saw Ethereum come up against resistance at $150 before falling by 0.93% on Saturday to wrap up a bearish week.

For the week ahead

Ethereum would need to move back through to $148 levels to support a run at the first major resistance level at $152.56

Support from the broader market would be needed, however, for Ethereum to break through to $150 levels.

Barring an extended crypto rally, Ethereum would likely fall short of $160 levels in the week. The second major resistance level at $157.70 would likely limit any upside.

Failure to move back through to $150 levels could see Ethereum spend a 5th consecutive week in the red.

A pullback to sub-$145 levels would bring the first major support level at $142.73 into play before any recovery.

Barring a crypto meltdown, however, Ethereum should continue to steer clear of sub-$140 levels in the week.

In the event of a meltdown, the second major support level at $138.04 would likely come into play.

At the time of writing, Ethereum was up by 0.4% to $147.49.

ETH/USD 08/12/19 Weekly Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 04/12/19

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Support

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

2 consecutive days in the red saw Binance Coin fall from a Sunday current week high $15.75 to a Monday low $14.92.

Falling short of the first major resistance level at $16.89, Binance Coin also steered clear of the first major support level at $14.22.

In what has been a relatively choppy week, Binance Coin had recovered to a Monday high $15.67 before seeing the 2nd day in the red.

On Tuesday, much-needed support kicked in, with Binance Coin recovering from sub-$15 levels to end a 3-day losing streak.

A 0.53% gain on Tuesday was not enough to reverse losses from earlier in the week, however.

For the current week, Sunday through Tuesday, Binance Coin was down by 2.99% to $15.27.

The near-term bearish trend remained intact, supported by the current week loss. Binance Coin had continued to struggle at the 23.6% FIB of $21 ahead of the latest 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 1.33% to $15.07. A bearish start to the day on Wednesday saw Binance Coin slide from an early morning high $15.40 to a new current week low $14.83.

Binance Coin continued to hold above the week’s first major support level at $14.22, however.

BNB/USD 04/12/19 Weekly Chart

For the remainder of the week

Binance Coin would need to move back through to $15.40 levels to support a run at the first major resistance level at $16.89.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $15.75.

Barring a broad-based crypto rebound, resistance at $15.40 levels would likely pin Binance Coin back in the red.

Failure to move through to $15.40 levels could see Binance Coin slide deeper into the red.

A pullback through the new current week low $14.83 would bring the first major support level at $14.22 into play.

Sub-$14 levels could come back into play should Binance Coin slide through the first major support level.

Barring a crypto meltdown, however, Binance Coin should steer well clear of the second major support level at $12.72.

Looking at the Technical Indicators

 

Major Support Level: $14.22

Major Resistance Level: $16.89

23.6% FIB Retracement Level: $20

38.2% FIB Retracement Level: $24

62% FIB Retracement Level: $30

Altcoins Weekly Analysis – BNB, EOS and ETH – 01/12/19

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Binance Coin

Binance Coin fell by 3.3% in the week ending 30th November. Following on from a 19.3% tumble from the previous week, Binance Coin ended the week at $15.73.

A bearish start to the week saw Binance Coin slide to a Monday intraweek low $13.88 before finding support.

Off the back of a 7.7% slide last Sunday, Binance Coin fell through the first major support level at $13.94.

Finding support through the middle of the week, Binance Coin rose to a Friday intraweek high $16.55.

In spite of 4 days in the green out of 5, Binance Coin fell well short of the first major resistance level at $19.52.

Going into Saturday, Binance Coin had been flat for the week. A 3.3% slide on the day left Binance Coin deep in the red at sub-$16 levels.

For the week ahead

Binance Coin would need to move through to $15.40 levels to support a run at the first major resistance level at $16.89.

Support from the broader market would be needed for Binance Coin to break out from $15 levels.

Barring a broad-based crypto rally, however, Binance Coin would likely fall well short of $17 levels.  Last week’s high $16.55 and the first major resistance level at $16.89 would likely cap any upside.

Failure to move through to $15.40 levels could likely see Binance Coin spend a 3rd consecutive week in the red.

A fall back through to sub- $15 levels would bring the first major support level at $14.22 into play.

Barring another crypto meltdown, Binance Coin should steer clear of sub-$14 support levels.

At the time of writing, Binance Coin was down by 4.47% to $15.03.

BNB/USD 01/12/19 Weekly Chart

EOS

EOS rose by 2.53% in the week ending 30th November. Partially reversing a 20.3% tumble from the previous week, EOS ended the week at $2.7642.

Tracking the broader market, EOS slid to a Monday intraweek low $2.3548 before finding support.

In spite of a 9.7% slide last Sunday, EOS steered clear of the first major support level at $2.2898.

Finding strong support through the rest of the week, EOS rallied to a Friday intraweek high $2.8477 before easing back.

While EOS bounced back with 4 days in the green out of 5, which included a 6.7% rally on Friday, EOS fell short of the first major resistance level at $3.2772.

A 1.65% fall on Saturday cut the upside for the week as the broader crypto market went into meltdown mode.

For the week ahead

EOS would need to steer clear of sub-$2.65 levels to support a run at the first major resistance level at $2.9563.

Support from the broader market would be needed, however, for EOS to break out from last week’s high $2.8477.

Barring a broad-based crypto rally in the week, resistance at $3.00 would likely cap any upside on the week.

Failure to steer clear of sub-$2.65 levels could see EOS reverse last week’s gain.

A fall back through to $2.50 levels would bring the first major support level at $2.4634 into play.

Barring a crypto meltdown, however, EOS should steer clear of the second major support level at $2.1627.

At the time of writing, EOS was down by 2.36% to $2.6991.

EOS/USD 01/12/19 Weekly Chart

Ethereum

Ethereum fell by 0.14% in the week ending 30th November. Following on from a 16.59% slide from the previous week, Ethereum ended the week at $151.78.

A particularly bearish start to the week saw Ethereum slide to a Monday intraweek low $131.8, with a 7.9% loss on Sunday doing the damage.

Ethereum fell through the first major support level at $136.48 before finding support.

Through the middle of the week, Ethereum saw green in 4 out of 5 days, leading to a Friday intraweek high $157.73.

In spite of the recovery, Ethereum fell well short of the first major resistance level at $179.57, leading to a Saturday pullback.

A 1.9% fall on Saturday left Ethereum in the red for the week.

For the week ahead

Ethereum would need to move back through to $147 levels to support a run at the first major resistance level at $162.41.

Support from the broader market would be needed, however, for Ethereum to break out from last week’s high $157.73.

Barring an extended crypto rally, Ethereum would likely fall short of $160 levels in the week.

Failure to move back through to $147 levels could see Ethereum spend a 4th consecutive week in the red.

A pullback to sub-$140 levels would bring the first major support level at $136.47 into play before any recovery.

Barring a crypto meltdown, however, Ethereum should continue to steer clear of sub-$130 levels in the week.

At the time of writing, Ethereum was down by 3.18% to $146.95.

ETH/USD 01/12/19 Weekly Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 27/11/19

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Support

A bearish start to the week saw Binance coin slide from a Sunday current week high $16.53 to a Monday current week low and new swing lo $13.88 before finding support.

Falling well short of the first major resistance level at $19.52, Binance Coin fell through the first major support level at $13.94.

Of greater significance was the further distance from the 23.6% FIB of $21.

After the bearish Sunday that left Binance Coin down by 7.65% for the day, Binance Coin found support through Monday and Tuesday.

Two consecutive days in the green cut the current week deficit to 5.47%. Binance Coin also moved back through the first major support level to $15 levels.

The near-term bearish trend remained intact, however, 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 latest 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 1.27% to $15.18.

A mixed start to the day saw Binance Coin rise to an early morning high $15.59 before falling to a low $15.08

Binance Coin steered clear of the major support and resistance levels early on in the day on Wednesday.

BNB/USD 27/11/19 Weekly Chart

For the remainder of the week

Binance Coin would need to break back through the current week high $16.53 to $17 levels to support a run at the first major resistance level at $19.52.

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

Barring an extended rally into the weekend, however, Binance Coin would likely come up short of $17 levels.

Through the middle of the week, Binance Coin will need to steer clear of sub-$15 levels to support any recovery.

Failure to move back through the current week high could see Binance Coin fall deeper into the red.

A pullback through to $14 levels would bring the first major support level at $13.94 into play before any recovery.

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

Looking at the Technical Indicators

Major Support Level: $13.49

Major Resistance Level: $19.52

23.6% FIB Retracement Level: $21

38.2% FIB Retracement Level: $24

62% FIB Retracement Level: $30

Altcoins Weekly Analysis – BNB, EOS and ETH – 24/11/19

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Binance Coin

Binance Coin tumbled by 19.3% in the week ending 23rd November. Reversing a 2.34% from the previous week, with interest, Binance Coin ended the week at $16.27

A relatively bullish start to the week saw Binance Coin strike a Sunday intraweek high $20.44 before hitting reverse.

Rising by just 0.09% on Sunday, however, Binance Coin fell well short of the week’s first major resistance level at 21.45.

The reversal saw Binance Coin fall for five consecutive days, leading to a Friday intraweek low $14.86.

Binance Coin slid through the week’s major support levels before finding much-needed support on Saturday.

Rallying by 4.97% on the day, Binance Coin broke back through the third major support level at $16.10 to reduce the deficit for the week.

For the week ahead

Binance Coin would need to move through to $17.20 levels to support a run at the first major resistance level at $19.52.

Support from the broader market would be needed for Binance Coin to break out from $18 levels.

Barring a broad-based crypto rally, however, Binance Coin would likely fall well short of $19 levels and the first major resistance level.

In the event of a breakout, Binance Coin could return to $20 levels before any pullback.

Holding onto $16 levels at the start of the week will be key to avoiding another sell-off.

Failure to move through to $17.20 levels would likely see Binance Coin spend a 2nd consecutive week in the red.

A fall back through to last week’s low $14.86 would bring the first major support level at $13.94 into play.

Barring another crypto meltdown, Binance Coin should steer clear of sub-$13 support levels.

At the time of writing, Binance Coin was up by 0.04% to $16.27.

BNB/USD 24/11/19 Weekly Chart

EOS

EOS slumped by 20.3% in the week ending 23rd November. Following on from a 3.13% fall from the previous week, EOS ended the week at $2.6963.

Tracking the broader market, EOS eked out a 0.64% gain on Sunday, hitting an intraweek high $3.4515 before hitting reverse.

Falling well short of the first major resistance level at $3.6193, EOS fell through to a Friday intraweek low $2.4641.

The sell-off saw EOS fall through the week’s major support levels before a partial recovery on Saturday.

Finding support from the broader market on Saturday, EOS broke back through the third major support level at $2.6465.

A 2.65% gain on the day was of little consolation for the crypto bulls, however.

For the week ahead

EOS would need to move through to $2.87 levels to support a run at the first major resistance level at $3.2772.

Support from the broader market would be needed, however, for EOS to break back through to $3.00 levels.

Barring a broad-based crypto rally in the week, resistance at $3.00 would likely cap any upside on the week.

Failure to move through to $2.87 levels could see EOS spend a 3rd consecutive week in the red.

A fall back through last week’s low $2.4641 would bring the first major support level at $2.2898 into play.

Barring a crypto meltdown, however, EOS should steer clear of sub-$2.00 levels

At the time of writing, EOS was down by 1.38% to $2.6592.

EOS/USD 24/11/19 Weekly Chart

Ethereum

Ethereum slid by 16.59% in the week ending 23rd November. Following on from a 1.36% loss from the previous week, Ethereum ended the week at $152.00.

A relatively bullish start to the week saw Ethereum rise to Sunday intraweek high $186.26. In spite of a 0.89% gain on the day, Ethereum came up short of the first major resistance level at $187.56.

Pressured by a broad-based crypto meltdown, Ethereum tumbled to a Friday intraweek low $137.8.

Five consecutive days in the red saw Ethereum slide through the week’s major support levels before finding support.

In spite of a move back through to $150 levels, Ethereum failed to break back through the third major support level at $161.00.

For the week ahead

Ethereum would need to move through to $159 levels to support a run at $170 levels later in the week.

Support from the broader market would be needed, however, for Ethereum to break out from $160 levels.

Barring an extended crypto rally, Ethereum would likely fall well short of the first major resistance level at $179.57.

In the event of a crypto breakout, a visit to $170 levels would likely be as good as it gets.

Failure to move through to $159 could see Ethereum hit reverse in the week.

A pullback to sub-$150 levels would bring the first major support level at $131.11 into play before any recovery.

Barring a crypto meltdown, however, Ethereum should steer clear of sub-$130 levels in the week.

At the time of writing, Ethereum was down by 0.53% to $151.20.

ETH/USD 24/11/19 Weekly Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 20/11/19

Binance

Binance Coin Price Support

A bearish start to the week saw Binance coin slide from a Sunday high $20.44 to a Tuesday current week low $18.04.

Falling well short of the first major resistance level at $21.45, Binance Coin fell through the first major support level at $19.24 and second major support level at $18.31.

Of greater significance, however, was a slide back from the 23.6% FIB of $21.

After a relatively flat Sunday, where Binance Coin rose by just 0.09%, 2 consecutive days in the red did the damage.

For the current week, Sunday through Tuesday, Binance Coin was down by 8.33%. The lion’s share of the losses came from a Monday 5.55% slide.

The near-term bearish trend remained intact, supported by the current week sell-off. Binance Coin has continued to struggle at the 23.6% FIB of $21.

For the bulls, a move back through the 62% FIB of $30 to form a near-term bullish trend.

At the time of writing, Binance Coin was up by 0.49% to $18.57.

A mixed start to the day on Wednesday saw Binance Coin fall to an early low $18.32 before striking a high $18.71.

The early move saw Binance Coin find support at the second major support level at $18.31.

BNB/USD 20/11/19 Weekly Chart

For the remainder of the week

Binance Coin would need to break back through the first major support at $19.24 to support a recovery later in the week.

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

Barring an extended rally into the weekend, however, Binance Coin would likely come up short of the first major resistance level at $21.45.

Mid-week, Binance Coin will need to hold above the second major support level at $18.31 to support any recovery.

Failure to move back through the first major support level at $19.24 could lead to heavier losses.

A pullback through the second major support level at $18.31 would bring sub-$18 levels into play before any recovery.

Barring a crypto meltdown, however, Binance Coin should steer well clear of the third major support level at $16.10.

Looking at the Technical Indicators

 

Major Support Level: $19.24

Major Resistance Level: $21.45

23.6% FIB Retracement Level: $21

38.2% FIB Retracement Level: $24

62% FIB Retracement Level: $30

Altcoins Weekly Analysis – BNB, EOS and ETH – 17/11/19

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Binance Coin

Binance Coin rose by 2.34% in the week ending 16th November. Reversing a 2.42% loss from the previous week, Binance Coin ended the week at $20.16.

A choppy start to the week saw Binance Coin rise by 3.4% on Sunday to strike a day high $20.92 before hitting reverse.

Binance Coin broke through the first major resistance level at $20.85 to come up against the 23.6% FIB of $21.

The reversal saw Binance Coin slide to a Monday intraweek low $19.60 before finding support.

Steering clear of the first major support level at $18.87, Binance Coin rallied to a Wednesday intraweek high $21.81.

Reversing a 1.6% loss on Monday, two consecutive days in the green saw Binance Coin break back through the first major resistance level and 23.6% FIB.

A bearish 2nd half of the week weighed, however, with 3 consecutive days in the red seeing Binance Coin visit sub-$20 levels before wrapping up the week at $20 levels.

For the week ahead

Binance Coin would need to move through to $20.50 levels to support a run at the first major resistance level at $21.45.

Support from the broader market would be needed, however, for Binance Coin to break through the 23.6% FIB of $21.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $21.81 would likely cap any upside.

In the event of a breakout, Binance Coin could test the second major resistance level at $22.73 before any pullback.

Failure to move through to $20.50 levels could see Binance Coin hit reverse.

A fall back through to sub-$20 levels would bring the first major support level at $19.24 into play.

Barring a broad-based crypto sell-off, however, Binance Coin should steer clear of sub-$19 support levels.

At the time of writing, Binance Coin was down by 0.25% to $20.11.

BNB/USD 17/11/19 Weekly Chart

EOS

EOS fell by 3.13% in the week ending 16th November. Partially reversing a 4.50% gain from the previous week, EOS ended the week at $3.382.

A bullish start to the week saw EOS rally by 3% on Sunday, striking an intraweek high $3.69 before hitting reverse.

Falling short of the first major resistance level at $3.72, EOS saw 3 days in the red out of 4, leading to a Friday intraweek low $3.2862.

In spite of the sell-off, EOS steered clear of the first major support level at $3.2303. Finding support on Saturday, EOS rose by 1.28% on Saturday reduced the deficit for the week.

For the week ahead

EOS would need to move through to $3.45 levels to support a run at the first major resistance level at $3.6193.

Support from the broader market would be needed, however, for EOS to break back through to $3.60 levels.

Barring a broad-based crypto rally in the week, the first major resistance level and last week’s high $3.69 would likely cap any upside.

Failure to move through to $3.45 levels could see EOS spend another week in the red.

A fall back through to sub-$3.30 levels would bring the first major support level at $3.2155 into play.

Barring a crypto meltdown, however, EOS should steer well clear of the second major support level at $3.0489.

At the time of writing, EOS was up by 0.42% to $3.3964.

EOS/USD 17/11/19 Weekly Chart

Ethereum

Ethereum fell by 1.36% in the week ending 16th November. Reversing a 0.82% gain from the previous week, Ethereum ended the week at $182.25.

A bullish start to the week saw Ethereum rise by 2.2% on Sunday to strike an intraweek high $187.59 before hitting reverse.

Falling short of the first major resistance at $193.21, Ethereum fell back to $183 levels before finding support mid-week.

A recovery to $189 levels was short-lived, however, with Ethereum sliding to a Friday intraweek low $177.0.

The reversal saw Ethereum fall through the first major support level at $177.72 before finding support from the broader market.

A 1.37% gain on Saturday cut the deficit for the week.

For the week ahead

Ethereum would need to hold onto $182 levels to support the recovery of last week’s losses.

Support from the broader market would be needed, however, for Ethereum to break through the first major resistance level at $187.56.

Barring an extended crypto rally, the first major resistance level and last week’s high $187.59 would likely cap any upside.

In the event of a crypto breakout, the second major resistance level at $192.87 would likely come into play.

Failure to hold onto $182 levels could see Ethereum hit reverse in the week.

A pullback to sub-$180 levels would bring the first major support level at $176.97 into play before any recovery.

Barring a crypto meltdown, however, Ethereum should steer clear of the second major support level at $171.69.

At the time of writing, Ethereum was up by 0.37% to $182.93.

ETH/USD 17/11/19 Weekly Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 13/11/19

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Resistance

A bullish start to the week saw Binance coin rally to a Sunday high $20.92 before hitting reverse.

Binance Coin broke through the first major resistance level at $20.85 before sliding to a Monday current week low $19.60.

Steering clear of the first major support level at $18.87, found support through Tuesday to strike a high $20.98.

Binance Coin broke back through the first major resistance level at $20.85 late in the day.

While breaking through the first major resistance level, the 23.6% FIB of $21 limited the upside early in the week.

A 3.4% rise on Sunday and a 4.4% rally on Tuesday gave Binance Coin a 6.4% gain for the current week, Sunday through Tuesday.

A 1.6% loss on Monday limited the upside for the current week, however.

The near-term bearish trend remained intact, in spite of 3 weeks out of 4 in the green and the positive start to the week. Binance Coin continued to struggle at the 23.6% FIB of $21.

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 1.8% to $20.58. A mixed start to the day on Wednesday saw Binance Coin strike an early morning current week high $21.07 before hitting reverse.

Binance Coin broke through the 23.6% FIB of $21 before sliding to a morning low $20.54.

BNB/USD 13/11/19 Weekly Chart

For the remainder of the week

Binance Coin would need to break back through the first major resistance level and 23.6% FIB of $21 to support further upside.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $21.11.

Barring an extended rally into the weekend, however, Binance Coin would likely come up short of the second major resistance level at $21.97.

Through the middle of the week, Binance Coin will need to hold on to $20 levels to support the upward momentum.

Failure to move back through the 23.6% FIB could see Binance Coin come under pressure in the 2nd half of the week.

A pullback to sub-$20 levels would bring the first major support level at $18.87 into play before any recovery.

Barring a crypto meltdown, however, Binance Coin should steer clear of the second major support level at $18.01.

Looking at the Technical Indicators

Major Support Level: $18.87

Major Resistance Level: $20.85

23.6% FIB Retracement Level: $21

38.2% FIB Retracement Level: $24

62% FIB Retracement Level: $30

Altcoins Weekly Analysis – BNB, EOS and ETH – 10/11/19

Cryptomania

Binance Coin

Binance Coin fell by 2.42% in the week ending 9th November. Partially reversing a 6.42% rally from the previous week, Binance Coin ended the week at $19.73.

A bearish start to the week saw Binance Coin fall to a Sunday low $19.72 before finding support.

Steering well clear of the first major support level at $18.24, Binance Coin rallied to a Monday intraweek high $21.11 before hitting reverse.

While falling short of the first major resistance level at $21.76, Binance Coin broke through the 23.6% FIB of $21.

In spite of 3 consecutive days in the green, Binance Coin eased back to $20 levels before 2 consecutive days in the red.

A 1.45% fall on Thursday and a 3.86% slide on Friday saw Binance Coin fall to an intraweek low $19.13 before finding support.

In spite of the pullback, Binance Coin steered clear of the first major support level at $18.24.

A 0.66% gain on Saturday to $19.7 levels was not enough to reverse the losses from the week.

For the week ahead

Binance Coin would need to move through to $20 levels to support a run at the first major resistance level at $20.85.

Support from the broader market would be needed, however, for Binance Coin to move back through to $20 levels.

In the event of a broad-based crypto rally, the 23.6% FIB of $21 would likely come into play. Barring an extended rally through the week, however, Binance Coin would likely come up short of the second major resistance level at $23.95.

Failure to move through to $20 levels could see Binance Coin take another hit. A fall through last week’s low $19.13 would bring the first major support level at $18.87 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of the second major support level at $18.01.

At the time of writing, Binance Coin was up by 0.4% to $19.81.

BNB/USD 10/11/19 Weekly Chart

EOS

EOS rose by 4.5% in the week ending 9th November. Following on from a 5.90% gain from the previous week, EOS ended the week at $3.4904.

A bearish start to the week saw EOS fall to a Sunday intraweek low $3.200 before finding support. In spite of a 1.63% loss on the day, EOS steered clear of the first major support level at $3.0903.

A bullish Monday and Tuesday saw EOS rally by 5.52% and by 4.94% respectively, to strike an intraweek high $3.69 before hitting reverse.

EOS broke through the first major resistance level at $3.5716 before seeing 3 consecutive days in the red.

EOS fell back to $3.31 levels before finding support. A move back through to $3.4 levels and a 2.41% gain on Saturday supported the upside for the week.

For the week ahead

EOS would need to move through to $3.50 levels to support a run at the first major resistance level at $3.7203.

Support from the broader market would be needed, however, for EOS to break through last week’s high $3.69.

Barring another bullish run through the week, last week’s high $3.69 and first major resistance level would likely cap any upside.

Failure to move through to $3.5 levels could see EOS hit reverse. A fall through to sub-$3.40 level would bring the first major support level at $3.2303 into play.

Barring an extended sell-off through the week, however, EOS should steer well clear of sub-$3.00 support levels.

At the time of writing, EOS was down by 0.81% to $3.4622.

EOS/USD 10/11/19 Weekly Chart

Ethereum

Ethereum rose by 0.82% in the week ending 9th November. Following on from a 1.79% gain from the previous week, Ethereum ended the week at $184.77.

A mixed start to the week saw Ethereum fall to a Sunday intraweek low $179.11 before finding support.

Steering clear of the first major support level at $175.59, Ethereum rallied to a Wednesday intraweek high $194.6.

Ethereum broke through the first major resistance level at $192.16 before sliding back to $180 levels.

Support at the end of the week saw Ethereum move back through to $184 levels to close out the week in positive territory.

After a 0.83% loss on Sunday, Ethereum saw 3 consecutive days in the green to hit the week intraweek high before easing back.

2 consecutive days in the red left Ethereum with modest gains for the week.

For the week ahead

Ethereum would need to move through to $186 levels to support a run at the first major resistance level at $193.21.

Support from the broader market would be needed, however, for Ethereum to break back through to $190 levels.

Barring an extended crypto rally through the week, Ethereum would likely continue to fall short of $200 levels.

Failure to move through to $190 levels could see Ethereum come under pressure. A fall through to last week’s low $179.11 would bring the first major support level at $177.72 into play.

Barring a crypto meltdown, however, Ethereum should steer clear of the second major support level at $170.67.

At the time of writing, Ethereum was down by 0.51% to $183.82.

ETH/USD 10/11/19 Weekly Chart