Binance Coin Mid-Week Analysis – Resistance Levels in Play – 16/10/19

Binance

Binance Coin Price Resistance

It’s been a relatively bullish start to the week for Binance Coin, which was up by 7.97%, Sunday through Tuesday.

A particularly bullish Sunday delivered the lion’s share of the early gains, with Binance Coin rising by 6.33%.

Off the back of 3 consecutive days in the green, Binance Coin struck a Tuesday current week high $19.19 before easing back to sub-$19 levels.

Steering clear of the major support levels at the start of the week, Binance Coin broke through the first major resistance level at $18.59.

Falling short of the second major resistance level at $20, a broad-based crypto sell-off on Tuesday weighed.

In spite of the reversal, Binance Coin recovered late on to gain 0.49% on the day, supporting the solid start to the week.

The near-term bearish trend remained intact, in spite of last week’s solid gains and the positive start to the week. Binance Coin continued to fall short of the 23.6% FIB of $21.

For the bulls, a breakthrough the 62% FIB of $30 would form a near-term bullish trend.

At the time of writing, Binance Coin was down by 0.36% to $18.49.

BNB/USD 16/10/19 Weekly Chart

For the remainder of the week

Binance Coin would need to move back through the current week high $19.19 to support a run at the second major resistance level at $20.

Support from the broader market would be needed, however, for Binance Coin to break back through the first major resistance level at $18.59.

A breakthrough the second major resistance level would bring the 23.6 % FIB of $21 into play.

Barring a broad-based rally, we would expect the second major resistance level to limit any upside for the week.

Failure to move back through the current week high could see Binance Coin hit reverse.

A pullback through to sub-$18 levels would bring $16 levels into play before any recovery.

Barring a crypto meltdown, however, Binance Coin should steer clear of the first major support level at $15.3033.

In the event of an extended reversal, Binance Coin would need to fall through to sub-$16.70 levels to bring the support levels into play.

Looking at the Technical Indicators

Major Support Level: $15.30

Major Resistance Level: $18.59

23.6% FIB Retracement Level: $21

38.2% FIB Retracement Level: $24

62% FIB Retracement Level: $30

Altcoins Weekly Analysis – BNB, EOS and ETH – 13/10/19

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Binance Coin

Binance Coin rallied by 9.28% in the week ending 12th October. Reversing a 0.19% fall from the previous week, Binance Coin ended the week at $17.19.

A bearish start to the week saw Binance Coin fall to a Sunday intraweek low $14.82 before finding support.

Sliding by 4.24% on the day, Binance Coin fell through the first major support level at $14.75.

Bullish through Monday and Wednesday, Binance Coin gained 6.57% and 10.93% to strike a Wednesday intraweek high $18.11.

Binance Coin broke through the first major resistance level at $16.51 and second major resistance level at $17.31.

2 consecutive days in the red, including a 5.73% slide on Friday, led to a pullback to sub-$16 levels before finding support on Saturday.

The pullback saw Binance Coin fall back through the major resistance levels. A 3.74% gain on Saturday saw Binance Coin break back through the first major resistance level at $16.51.

For the week ahead

Binance Coin would need to steer clear of sub-$16.8 levels to support a run at the first major resistance level at $18.59.

Support from the broader market would be needed, however, for Binance Coin to break out from last week’s high $18.11.

In the event of a broad-based crypto rally, Binance Coin could visit $19 levels before any pullback. We would expect Binance Coin to come up short of the second major resistance level at $20, however.

Failure to steer clear of sub-$16.8 levels could see Binance Coin test the first major support level at $15.30.

Barring an extended sell-off through the week, however, we would expect Binance Coin to steer clear of sub-$15 support levels.

At the time of writing, Binance Coin was up by 0.95% to $17.35.

BNB/USD 13/10/19 Weekly Chart

EOS

EOS rose by 2.55% in the week ending 12th October. Following on from a 5.67% gain from the previous week, EOS ended the week at $3.0771.

A bearish start to the week saw EOS fall to a Sunday intraweek low $2.8508 before making a move.

Steering clear of the first major support level at $2.7433, EOS bounced back to a Wednesday intraweek high $3.37.

Driven by a 9.54% rally on Monday and a 2.56% gain on Wednesday, EOS broke through the first major resistance level at $3.1961.

Coming within range of the second major resistance level at $3.3914, EOS saw 2 consecutive days in the red.

The pullback saw EOS fall back through the first major support level to $3.04 on Friday before finding support.

A 0.29% gain on Saturday provided much-needed support following the Thursday – Friday pullback.

For the week ahead

EOS would need to move through to $3.10 levels to support a run at the first major resistance level at $3.3478.

Support from the broader market would be needed, however, for EOS to break through to $3.30 levels.

Barring an extended rally through the week, the first major resistance level and last week’s high $3.37 would likely cap any upside.

Failure to move through to $3.10 levels could see EOS hit reverse. A fall back to sub-$3.00 levels would bring the first major support level at $2.8286 into play.

Barring a crypto meltdown, EOS should steer clear of sub-$2.8 support levels in the week.

At the time of writing, EOS was up by 0.38% to $3.0888.

EOS/USD 13/10/19 Weekly Chart

Ethereum

Ethereum rose by 1.78% in the week ending 12th October. Following on from a 1.63% gain from the previous week, Ethereum ended the week at $179.86.

A bearish start to the week saw Ethereum fall to a Sunday intraweek low $164.34 before finding support.

Sliding by 3.71% at the start of the week, Ethereum fell through the first major support level at $165.42.

Finding support from the broader market, Ethereum saw 3 consecutive days in the green to before hitting choppy waters.

Off the back of a 6.94% rally on Tuesday, Ethereum struck a Thursday intraweek high $197.93 before falling back to sub-$180.

The rally saw Ethereum break through the first major resistance level at $186.97 and second major resistance level at $197.20.

After a bullish start to the day on Saturday, a reversal later in the day limited the upside for the week.

For the week ahead

Ethereum would need to move through to $182 levels to support a run at the first major resistance level at $196.03.

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

Barring a broad-based crypto rally, the first major resistance level and last week’s high $197.93 would limit any upside.

In the event of a crypto breakout, Ethereum could visit $200 levels before any pullback.

Failure to move through to $182 levels could see Ethereum hit reverse. A fall through to $175 levels would bring the first major support level at $165.6 into play before any recovery.

Barring an extended sell-off through the week, Ethereum should steer clear of sub-$160 support levels.

At the time of writing, Ethereum was up by 0.41% to $180.59.

ETH/USD 13/10/19 Weekly Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 09/10/19

Binance

Binance Coin Price Resistance

It’s been a mixed start to the week for Binance Coin, which recovered from 4.2% slide on Sunday.

Bearish at the start of the week, Binance Coin fell to a late Sunday current week low $14.82 before finding support.

Tracking the broader market, Binance Coin bounced back with a 6.5% rally on Monday.

Finding further support on Tuesday, Binance Coin struck a current week high $16.39 early on Tuesday before easing back.

At the start of the week, the first major support level at $14.75 limited the downside. On the rebound, Binance Coin came within range of the first major resistance level at $16.51 on Tuesday.

Through Tuesday, bearish sentiment across the broader market left Binance Coin with a 0.25% loss. Things would have been far worse had it not been for a late recovery to $16 levels.

For the current week, in spite of the Monday rebound, Binance Coin was up by just 1.78%, Sunday through Tuesday.

The near-term bearish trend remained intact, following 4 consecutive weeks in the red.

Binance Coin continued to fall well short of 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 up by 0.22% to $16.05. A bullish end to Tuesday continued into Wednesday, with Binance Coin holding onto $16 levels at the start of the day.

BNB/USD 09/10/19 Weekly Chart

For the remainder of the week

Binance Coin would need to move through the current week high $16.39 to support a run at $17 levels.

Support from the broader market would be needed, however, for Binance Coin to break through the first major resistance level at $16.51.

In the event of an extended rally through the week, the second major resistance level at $17.31 could come into play.

Barring a broad-based rally, we would expect the first major resistance level to limit any upside for the week.

Failure to move back through the current week high could see Binance Coin come under pressure.

A pullback through to sub-$15.5 levels would bring the first major support level at $14.75 into play.

Barring a broad-based crypto meltdown, however, we would expect Binance Coin to steer clear of sub-$14 support levels.

Looking at the Technical Indicators

Major Support Level: $14.75

Major Resistance Level: $16.51

23.6% FIB Retracement Level: $21

38.2% FIB Retracement Level: $24

62% FIB Retracement Level: $30

Altcoins Weekly Analysis – BNB, EOS and ETH – 06/10/19

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Binance Coin

Binance Coin slipped by 0.19% in the week ending 5th October. Following on from a 24.79% tumble from the previous week, Binance Coin ended the week at $15.72.

A bearish start to the week saw Binance Coin hit reverse from an early Sunday high $15.85 to a Monday intraweek low $14.58.

Steering clear of the first major support level at $13.06, Binance Coin bounced back through the day.

Off the back of a 4.26% rally on Monday, Binance Coin struck a Tuesday intraweek high $16.34 before easing back.

Falling well short of the first major resistance level at $19.72, Binance Coin saw 3 consecutive days in the red before finding support on Saturday.

The pullback saw Binance Coin fall to $15.10 levels before support kicked in to limit the downside in the week.

For the week ahead

A move through to $15.70 levels in the early part of the week would support a run at the first major resistance level at $16.51.

Binance Coin would need support from the broader market, however, to break out from last week’s high $16.34.

Barring a broad-based crypto rally, Binance Coin would likely fall well short of $17 levels in the week. In the event of a crypto rally, we would expect the second major resistance level at $17.31 to come into play.

Failure to move through to $15.70 levels could see Binance Coin spend a 5th consecutive week in the red. A fall through to sub-$15 levels would bring the first major support level at $14.75 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of sub-$14 support levels in the week.

At the time of writing, Binance Coin was down by 1.20% to $15.53.

BNB/USD 06/10/19 Weekly Chart

EOS

EOS rose by 5.67% in the week ending 5th October. Partially reversing a 29.21% slide from the previous, EOS ended the week at $3.0007.

Tracking the broader market, EOS fell to a Sunday intraweek low $2.6812 before finding support.

Steering clear of the first major support level at $2.1542, EOS bounced back to a Tuesday intraweek high $3.1340.

In spite of a 6.8% rally on Monday, EOS fell short of the first major resistance level at $3.7704.

Relatively range-bound through the rest of the week, a pullback to $2.8 levels on Thursday was short-lived. Support at $3.00 ultimately delivered the upside in the week.

For the week ahead

EOS would need to move back through to $3.00 levels support a run at the first major resistance level at $3.1961.

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, EOS would likely fall well short of the second major resistance level at $3.3914.

Failure to move back through to $3.00 levels could see EOS resume the downward trend. A fall back through to sub-$2.90 levels would bring the first major support level at $2.7433 into play.

Barring an extended sell-off through the week, however, EOS should steer clear of the second major support level at $2.4858.

At the time of writing, EOS was down by 0.96% to $2.9720.

EOS/USD 06/10/19 Weekly Chart

Ethereum

Ethereum rose by 1.63% in the week ending 5th October. Partially reversing a 19.07% slide from the previous week, Ethereum ended the week at $176.73.

A bearish start to the week saw Ethereum fall to a Sunday intraweek low $164.34 before finding support.

Steering clear of the first major support level at $145.52, Ethereum rallied to a Tuesday intraweek high $185.89.

In spite of a 7% rally on Monday, Ethereum came up short of the first major resistance level at $208.86.

Through the 2nd half of the week, Ethereum fell back to sub-$170 levels on Thursday before moving back into the green.

For the week ahead

Ethereum would need to hold onto $175 levels to support a run at $180 levels later in the week.

Support of the broader market would be needed, however, for Ethereum to break through the first major resistance level at $186.97.

Barring a broad-based crypto rally, however, we would expect Ethereum to fall short of $190 levels in the week.

Failure to hold onto $175 levels could see Ethereum hit reverse. A fall back through to sub-$170 levels would bring the first major support level at $165.42 into play.

Barring a crypto meltdown, however, Ethereum should continue to steer clear of sub-$160 levels in the week.

At the time of writing, Ethereum was down by 0.69% to $175.51.

ETH/USD 06/10/19 Weekly Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 02/10/19

Binance

Binance Coin Price Support

It’s been a mixed start to the week for Binance Coin, which saw Binance Coin take 3.4% hit on Sunday before finding support.

The reversal saw Binance Coin fall to a Monday current week low $14.58.

Steering well clear of the first major support level at $13.06, Binance Coin bounced back with a 4.3% gain on Monday.

Through a trend-bucking 2nd consecutive day in the green on Tuesday, Binance Coin struck a current week high $16.34.

Falling well short of the week’s first major resistance level at $19.72, Binance Coin slid back to sub-$16 levels late on Tuesday to limit the upside on the day.

The second consecutive day in the green, however, left Binance coin up by 0.95% for the current week, Sunday through Tuesday.

While up for the week, the near-term bearish trend formed at 22nd June’s swing hi $40.27 remained intact. Binance Coin continued to fall short of the 23.6% FIB of $21 following last week’s swing lo $14.34.

In spite of the bearish trend,  however, Binance Coin was up by 151.3% for the current year

For the bulls, a move back through to $24 levels will now be key to form a near-term bullish trend.

At the time of writing, Binance Coin was down by 1.22% to $15.71. It was a  bearish start to the day. Binance Coin slid from a morning high $15.97 to a low $15.59 before finding support.

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

BNB/USD 02/10/2019 Weekly Chart

For the remainder of the week

Binance Coin would need to break through the current week high $16.34 to $17 levels to support a run at the first major resistance level at $19.72.

Support from the broader market would be needed, however, for Binance to break out from $17 levels.

Barring a broad-based crypto rally through the 2nd half of the week, Binance Coin would likely fall well short of $18 levels.

Failure to move back through the current week high $16.34 could see Binance Coin struggle through the week.

A fall back through to Monday’s current week low $14.58 would bring sub-$14 levels into play before any recovery.

Barring an extended broad-based crypto sell-off, however, we would expect Binance Coin to steer clear of the first major support level at $13.06.

Looking at the Technical Indicators

 

Major Support Level: $13.06

Major Resistance Level: $19.72

23.6% FIB Retracement Level: $21

38.2% FIB Retracement Level: $24

62% FIB Retracement Level: $30

Altcoins Weekly Analysis – BNB, EOS and ETH – 29/09/19

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Binance Coin

Binance Coin slid by 24.79% in the week ending 28th September. Following on from a 0.14% decline from the previous week, Binance Coin ended the week at $15.75.

A particularly bearish week saw Binance Coin hit reverse from an early Sunday morning intraweek high $21.

Falling well short of the first major resistance level at $22.89, Binance Coin tumbled to a Thursday intraweek low and new swing lo $14.34.

Four days in the red out of 5 saw Binance fall through the first major support level at $19.43 and second major support level at $17.89.

Of greater significance, however, was a slide through the 62% FIB of $19.

Finding support at the third major support level at $14.43, Binance Coin saw 2 consecutive days in the red to wrap up the week at $15 levels.

A third consecutive week in the red led to a near-term bearish trend formed at June’s swing hi $40.27.

For the week ahead

A move through to $17.0 levels in the early part of the week would support a run at the first major resistance level at $19.72.

Binance Coin would need support from the broader market, however, to break out from Sunday’s high $16.21.

Barring a broad-based crypto rally, Binance Coin would likely fall well short of the 23.6% FIB of $21.

Failure to move through to $17.0 levels could see Binance Coin spend a 4th consecutive week in the red. A fall through to sub-$14 levels would bring first major support level at $13.06 into play.

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

At the time of writing, Binance Coin was down by 0.22% to $15.72.

BNB/USD 29/09/19 Weekly Chart

EOS

EOS slid by 29.21% in the week ending 28th September. Following on from a 0.72% decline from the previous week, EOS ended the week at $2.8394.

A particularly bearish start to the week saw EOS slide from a Sunday intraweek high $4.0163 to a Tuesday intraweek low $2.4001.

Steering clear of the major resistance levels, 3 consecutive days in the red saw EOS slide through the week’s major support levels.

A 25% slide on Tuesday did the damage, with EOS returning to sub-$3.00 levels for the first time since February.

Finding support through the 2nd half of the week, EOS steadied with a move back through to $2.96 levels before easing back.

In a particularly bearish week, EOS failed to break back through the third major support level at $3.1842.

A 2nd consecutive week in the red also reaffirmed the extended bearish trend formed at April 2018’s swing hi $23.03.

For the week ahead

EOS would need to move through to $3.0850 levels support a run at $3.20 levels

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

In the event of a broad-based crypto rally, EOS could test the first major resistance level at $3.7704 before any pullback.

Failure to move through to $3.0850 levels could see EOS fall for a 3rd consecutive week. A fall back through last week’s low $2.4001 would bring the first major support level at $2.1542 into play.

We would expect EOS to steer clear of sub-$2.00 levels in the event of another crypto meltdown, however.

At the time of writing, EOS was down by 0.12% to $2.8359.

EOS/USD 29/09/19 Weekly Chart

Ethereum

Ethereum slid by 19.07% in the week ending 28th September. Reversing a 13.77% rally from the previous week, Ethereum ended the week at $173.90.

Particularly bearish through the start of the week, Ethereum fell from a Sunday intraweek high $215.45 to a Tuesday low $157.75.

A 3rd consecutive day in the red saw Ethereum tumble 17.2% on Tuesday. The sell-off saw Ethereum fall through the first major support level at $192.50 and second major support level at $170.93.

Following recovery to $175 levels, Ethereum slid back through the second major support level to a Thursday intraweek low $152.11.

Finding support late in the week, Ethereum broke back through the second major support level to cut the deficit for the week.

For the week ahead

Ethereum would need to move through to $180.50 levels to support a run at $200 levels later in the week.

Ethereum would need the support of the broader market, however, to break out from $190 levels.

Barring a broad-based crypto rally, however, we would expect Ethereum to fall well short of the first major resistance level at $208.86.

Failure to move back through to $180.50 levels could see Ethereum take another tumble. A fall back through to sub-$160 levels would bring the first major support level at $145.52 into play.

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

At the time of writing, Ethereum was down by 0.12% to $173.70.

ETH/USD 29/09/19 Weekly Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 25/09/19

Cryptomania

Binance Coin Price Support

It’s been a particularly bearish start to the week for Binance Coin, which saw 3 consecutive days in the red, rounded off by a double-digit slide on Tuesday.

A 2.82% fall on Sunday was the most modest of the daily losses going into Wednesday. Binance Coin slid by 5.35% on Monday before tumbling by 17.58% on Tuesday.

A Sunday current week high $21.00 came up well short of the week’s first major resistance level at $22.89 before hitting reverse.

The reversal saw Binance Coin slide to a Tuesday current week low and new swing low $14.69. Binance Coin slid through the first major support level at $19.43 and second major support level at $17.89 before tumbling through the third major support level at $16.90.

Of greater significance, however, was a slide through the 62% FIB of 17.3.

A 6th consecutive day in the red and slide through the 62% FIB led to a near-term bearish trend, formed at June’s swing hi $40.27.

The sell-off left Binance Coin down by 24.12% for the current week and by 24.51% for the current month. September’s losses come off the back of a 24.24% slide in August.

In spite of the near-term bearish trend formation, Binance Coin is up by 151.09% year-to-date.

For the bulls, a move back through to $30 levels will now be key to resume the extended bullish trend.

At the time of writing, Binance Coin was up by 3.81% to $16.50. A bullish start to the day saw Binance Coin rise from a morning low $15.8 to a high $16.58.

In spite of the early moves, Binance Coin failed to break back through the second major support level at $17.89.

BNB/USD 25/09/19 Weekly Chart

For the remainder of the week

Binance Coin would need to break through the second major support level at $17.89 to support a partial recovery of the current week losses.

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

Barring a broad-based crypto rebound, resistance at $18 would likely cap any upside through the remainder of the week.

In the event of a crypto rebound, Binance Coin could take a run at the first major support level at $19.43 before any pullback.

Failure to break through the second major support level at $17.89 would leave Binance Coin deep in the red.

A fall back through to $15 levels would bring Tuesday’s low $14.69 and the first major support level at $14.43 into play.

Barring an extended sell-off through the remainder of the week, Binance Coin should steer clear of sub-$14 levels.

Looking at the Technical Indicators

 

Major Support Level: $19.43

Major Resistance Level: $22.89

23.6% FIB Retracement Level: $21

38.2% FIB Retracement Level: $25

62% FIB Retracement Level: $31

Altcoins Weekly Analysis – BNB, EOS and ETH – 22/09/19

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Binance Coin

Binance Coin slipped by 0.14% in the week ending 21st September. Following on from a 6.67% slide from the previous week, Binance Coin ended the week at $20.97.

The weekly loss reversed a first weekly gain in 4-weeks, which had come off the back of a 24.24% loss in August.

A bearish start to the week saw Binance Coin fall to a Monday intraweek low $19.81 before finding support.

Steering clear of the first support level at $19.49 and 62% FIB of $19, Binance Coin rallied to a Wednesday intraweek high $23.27.

A 2nd consecutive day in the green saw Binance Coin break through the first major resistance level at $22.64.

It was bearish for the rest of the week, however, with Binance Coin seeing three consecutive days in the red to close out the week back at sub-$21 levels.

For the bulls, a 0.14% losses would have been considered modest when considering the fact that Binance Coin only saw green on 2 days in the week.

For the week ahead

A move through to $21.40 levels in the early part of the week would support a run at the first major resistance level at $22.89.

Binance Coin would need support from the broader market, however, to break through to $22 levels.

Barring a broad-based crypto rally, Binance Coin would likely fall well short of the second major resistance level at $24.81.

Failure to move through to $21.40 levels could see Binance Coin spend a third consecutive week in the red. A fall through to sub-$20.20 levels would bring first major support level at $19.43 into play.

In the event of an extended sell-off, Binance Coin will likely test support at the 62% FIB of $19.

Barring a crypto meltdown, however, Binance Coin should steer clear of the second major support level at $17.89.

At the time of writing, Binance Coin was down by 2.04% to $20.54

BNB/USD 22/09/19 Weekly Chart

EOS

EOS slipped by 0.72% in the week ending 21st September. Following a 13.03% rally from the previous week, EOS ended the week at $4.0111.

A mixed start to the week saw EOS rise from a Monday low $3.9545 to Tuesday intraweek high $4.24 before hitting reverse.

Steering clear of the major support levels, EOS came within range of the first major resistance level at $4.2621.

The reversal saw EOS fall to a Thursday intraweek low $3.8202. Holding above the first major support level at $3.6665, EOS managed to recover to $4.00 levels to limit the downside on the week.

4 days in the green were not enough to support a 3rd consecutive week in the green, with a 2.85% slide on Thursday doing the damage.

For the week ahead

EOS would need to move through to $4.0240 levels support a run at the first major resistance level at $4.2273.

Support from the broader market would be needed, however, for EOS to break out from $4.10 levels.

In the event of another broad-based crypto rally, EOS could test the second major resistance level at $4.4436 before any pullback.

Failure to move through to $4.0240 levels could see EOS fall for a 2nd consecutive week. A fall back through to sub-$3.90 levels would bring the first major support level at $3.8075 into play.

In the event of an extended sell-off, the second major support level at $3.6040 would likely to come into play before any recovery.

At the time of writing, EOS was down by 2.07% to $3.9280.

EOS/USD 22/09/19 Weekly Chart

Ethereum

Ethereum rallied by 13.77% in the week ending 21st September. Following on from a 6.05% gain from the previous week, Ethereum ended the week at $214.8.

Ethereum saw green for 5 consecutive days in a particularly bullish week. Steering clear of the major support levels, Ethereum rallied from a Sunday intraweek low $186.3 to a Thursday intraweek high $224.71.

Ethereum broke through the first major resistance level at $194.21 and second major resistance level at $199.58 by Tuesday. The continued upward momentum mid-week saw Ethereum break through the third major resistance level at $215.20.

It was a relatively bearish end to the week, however, with Ethereum seeing red for 2 consecutive days. The pullback saw Ethereum fall back through the third major resistance level.

For the week ahead

Steering clear of sub-$209 levels would support a run at last week’s high $224.71.

Ethereum would need the support of the broader market, however, to take a run at the first major resistance level at $230.91.

Barring a broad-based crypto rally, however, we would expect Ethereum to be pinned back by last week’s high of $224.71.

Failure to steer clear of sub-$209 levels could see Ethereum hit reverse. A fall through to sub-$200 would bring the first major support level at $192.50 into play.

Barring a crypto meltdown, however, Ethereum should steer clear of sub-$190 levels and last week’s low $186.3

At the time of writing, Ethereum was down by 2% to $210.5.

ETH/USD 22/09/19 Daily Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 18/09/19

Crypto currency background with various of shiny silver and golden physical cryptocurrencies symbol coins, Bitcoin, Ethereum, Litecoin, zcash, ripple

Binance Coin Price Resistance

It’s been a choppy start to the week for Binance Coin, which saw red for 2-consecutive days before finding support on Tuesday.

A 3.3% slide on Sunday and a bearish start to the day on Monday saw Binance Coin slide to a Monday current week low $19.81.

The reversal saw Binance Coin come within range of the first major support level at $19.49.

A recovery through Monday limited the loss on the day to just 0.25%.

Finding support from the broader market, Binance Coin rallied by 3.95% on Tuesday, striking a late Tuesday current week high $21.45.

In spite of the recovery, Binance Coin came up well short of the first major resistance level at $22.64.

Key through the early part of the week, however, was a break back through to and hold onto $21 levels.

Tuesday’s rally reversed losses from the start of the week to leave Binance Coin up by 0.24% at $21.05, Sunday through Tuesday.

While up for the current week, Binance Coin was flat for the current month. Last week’s 6.7% slide reversed a bullish start to the month. The Binance Coin bulls have some way to go before reversing August’s 24.24% slide.

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

Binance Coin was up by 233% year-to-date, with Binance Coin managing to steer clear of the 62% FIB of $19 in spite of the pullback from June’s current year high $43.16.

For the bulls, a move back through to $22 levels will now be key to maintaining the upward momentum for the current year…

At the time of writing, Binance Coin was up by 2.97% to $21.68. Recovering from an early dip to a morning low $20.88, Binance Coin rallied to an early morning high $22.00.

Binance Coin came up short of the first major resistance level at $22.64 in spite of the early rally.

BNB/USD 18/09/19 Daily Chart

For the remainder of the week

Binance Coin would need to steer clear of $21.15 levels to support a run at the first major resistance level at $22.64.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $22.00.

In the event of an extended broad-based crypto rally, the second major resistance level at $24.30 could come into play.

We would expect Binance Coin to continue to come up short of the 38.2% FIB of $28, however.

Failure to steer clear of $21.15 levels could see Binance Coin resume the downward trend from last week.

A fall back through the current week low $19.81 would bring the first major support level at $19.49 into play.

Barring a broad-based crypto meltdown, however, Binance Coin should steer clear of the 62% FIB of $19 and sub-$19 levels.

Looking at the Technical Indicators

Major Support Level: $19.49

Major Resistance Level: $22.64

23.6% FIB Retracement Level: $34

38.2% FIB Retracement Level: $28

62% FIB Retracement Level: $19

Altcoins Weekly Analysis – BNB, EOS and ETH – 15/09/19

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin fell by 6.67% in the week ending 14th September. Reversing a 6.7% gain from the previous week, Binance Coin ended the week at $20.99.

A mixed start to the week saw Binance Coin rise to a Sunday an intraweek high $22.8 before hitting reverse.

Falling well short of the first major resistance level at $23.74, Binance Coin saw 4 consecutive days in the red. The sell-off led Binance Coin to a Thursday intraweek low $19.65, off the back of a 4.8% loss on the day.

Binance Coin fell through the first major support level at $21.09 to test the second major support level at $19.73.

Finding support late in the week, Binance Coin moved back through to $21 levels before easing back on Saturday.

The bearish week saw Binance Coin in the green on just 2 of the 7 days.

For the week ahead

A move through to $21.15 levels in the early part of the week would support a run at the first major resistance level at $22.46.

Binance Coin would need support from the broader market, however, to break through to $22 levels.

Barring a broad-based crypto rally, Binance Coin would likely fall well short of the previous week’s high $23.66 and second major resistance level at $24.30.

Failure to move through to $21.15 levels could see Binance Coin spend another week in the red. A fall through to sub-$20.5 levels would bring first major support level at $19.49 into play.

Barring a crypto meltdown, however, Binance Coin should continue to steer clear of the 62% FIB of $19 on the week.

At the time of writing, Binance Coin was up by 0.11% to $21.01

BNB/USD 15/09/19 Weekly Chart

EOS

EOS surged by 13.03% in the week ending 14th September. Following on from a 7.38% rally from the previous week, EOS ended the week at $4.0403.

A bullish start to the week saw EOS rise from a Sunday intraweek low $3.5144 to a Monday high $3.9668.

Holding above the first major support level at $3.2305, EOS broke through the first major resistance level at $3.8041 before hitting reverse.

The reversal saw EOS fall back to $3.6 levels before finding support. In spite of 4 consecutive days in the red through to Friday, EOS continued to steer clear of the first major support level at $3.2305.

An 8% rally on Saturday delivered the lion’s share of the weekly gains, with EOS striking an intraweek high $4.11.

EOS broke back through the first major resistance level at $3.8041 and second major resistance level at $4.0290.

For the week ahead

Holding above $3.80 levels would support a run at the first major resistance level at $4.2621.

EOS would need the support of the broader market, however, to break out from last week’s high $4.11.

In the event of another broad-based crypto rally, EOS could test the second major resistance level at $4.4838 before any pullback.

Failure to hold above $3.80 levels could see EOS eat into last week’s gains. A fall back through to sub-$3.80 levels would bring the first major support level at $3.6665 into play.

Barring a crypto meltdown, EOS should steer well clear of the second major support level at $3.2305.

At the time of writing, EOS was up by 0.28% to $4.0518.

EOS/USD 15/09/19 Weekly Chart

Ethereum

Ethereum rallied by 12.28% in the week ending 14th September. Following on from a 3.6% gain from the previous week, Ethereum ended the week at $188.85.

A bullish start to the week saw Ethereum break through the first major resistance level at $185.82 to a Monday high $186 before hitting reverse.

Ethereum saw red for 3 consecutive days, which led to a Wednesday intraweek low $173.7 before finding support. In spite of the pullback, Ethereum steered clear of the first major support level at $167.66.

Through the latter part of the week, Ethereum saw green for 3 consecutive days, leading to an intraweek high $189.32.

Ethereum broke back through to the first major resistance level at $185.82 to come up against resistance at $190 that capped the upside for the week.

For the week ahead

Steering clear of sub-$188 levels would support a run at the first major resistance level at $194.21.

Ethereum would need the support of the broader market, however, to break out from $190 levels

Barring a broad-based crypto rally, Ethereum would likely be pinned back by the second major resistance level at $199.58.

In the event of a broad-based crypto rally, Ethereum could visit $200 levels later in the week.

Failure to steer clear of $188 levels could see Ethereum hit reverse. A fall through to $183 levels would bring the first major support level at $178.59 into play.

Barring a crypto meltdown, however, Ethereum should continue to steer clear of sub-$170 levels and the second major support level at $168.34.

At the time of writing, Ethereum was up by 0.07% to $188.98.

ETH/USD 15/09/19 Weekly Chart