The Crypto Daily – Movers and Shakers – July 23rd, 2020

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

Bitcoin, BTC to USD, rose by 1.65% on Wednesday. Following on from a 2.43% rally on Tuesday, Bitcoin ended the day at $9,557.7.

It was a bearish start to the day. Bitcoin fell to a mid-morning intraday low $9,305.0 before making a move.

Steering clear of the first major support level at $9,231.87, Bitcoin rallied to a late intraday high $9,642.4.

Bitcoin broke through the first major resistance level at $9,514.67 and the second major resistance level at $9,627.33.

A late pullback saw Bitcoin fall through the second major resistance level to wrap up the day at sub-$9,600 levels.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Wednesday.

Ethereum led the way, rallying by 7.53%.

Binance Coin (+2.31%), Bitcoin Cash ABC (+4.79%), Bitcoin Cash SV (+2.35%), Litecoin (+2.83%), Monero’s XMR (+2.58%), Ripple’s XRP (+2.06%), Tezos (+2.98%) and Tron’s TRX (+2.25%) also found strong support.

Cardano’s ADA (+0.68%), EOS (+1.55%), and Stellar’s Lumen (+1.10%), trailed the front runners.

In the current week, the crypto total market cap fell to a Monday low $262.70bn before striking a Wednesday high $280.59bn. At the time of writing, the total market cap stood at $279.16bn.

Bitcoin’s dominance rose to a Tuesday high 64.08% before sliding to a Wednesday low 62.91. At the time of writing, Bitcoin’s dominance stood at 63.01%.

This Morning

At the time of writing, Bitcoin was down by 0.07% to $9,551.0. A mixed start to the day saw Bitcoin rise to an early morning high $9,560.0 before falling to a low $9,546.1.

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

Elsewhere, it was a mixed start to the day. At the time of writing, Monero’s XMR was down by 0.04% to join Bitcoin in the red.

It was a bullish start to the day for the rest of the majors, however. Stellar’s Lumen was up by 2.03% to lead the way.

BTC/USD 23/07/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,500 pivot to support a run at the first major resistance level at $9,700.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $9,642.4.

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

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,839.1 before any pullback.

Failure to avoid a fall through the $9,500 pivot level would bring the first major support level at $9,361.0 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer well clear of the second major resistance level at $9,164.3.

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

Binance

Binance Coin Price Resistance

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

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

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

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

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

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

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

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

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

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

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

BNB/USD 22/07/20 Daily Chart

For the remainder of the week

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

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

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

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

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

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

Looking at the Technical Indicators

Major Support Level: $16.06

Major Resistance Level: $18.66

23.6% FIB Retracement Level: $14.4

38.2% FIB Retracement Level: $19.4

62% FIB Retracement Level: $27.3

The Crypto Daily – The Movers and Shakers – July 21st, 2020

Depositphotos_193678068_s-2019

Bitcoin, BTC to USD, fell by 0.56% on Monday. Reversing a 0.46% gain from Sunday, Bitcoin ended the day at $9,179.2.

It was another mixed start to the day. Bitcoin rose to an early morning intraday high $9,238.2 before hitting reverse.

Falling short of the first major resistance level at $9,316.2, Bitcoin fell to a late morning intraday low $9,154.5.

Steering clear of the first major support level at $9,129.0, Bitcoin revisited $9,200 levels before falling back into the red.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was yet another mixed day on Monday.

Monero’s XMR rose by 0.74% to buck the trend on the day.

It was a bearish day for the rest of the majors.

Tezos, Cardano’s ADA, and Stellar’s Lumen led the way down with losses of 7.33%, 5.20%, and 5.63% respectively.

Binance Coin (-3.05%), Bitcoin Cash ABC (-2.11%), Bitcoin Cash SV (-2.24%), Ripple’s XRP (-2.45%), and Tron’s TRX (-2.24%) also struggled.

EOS (-0.83%), Ethereum (-1.32%), and Litecoin (-1.69%), saw relatively modest losses.

At the start of the week, the crypto total market cap rose to a Monday high $267.96bn before falling to a Monday low $263.85bn. At the time of writing, the total market cap stood at $265.07bn.

Bitcoin’s dominance fell to a Monday low 63.41% before rising to a Monday high 63.94%. At the time of writing, Bitcoin’s dominance stood at 63.78%.

This Morning

At the time of writing, Bitcoin was up by 0.08% to $9,187.0. A mixed start to the day saw Bitcoin fall to an early morning low $9,174.4 before rising to a high $9,187.1.

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

Elsewhere, it was a bullish start to the day. At the time of writing, Tezos was up by 1.31% to lead the way.

BTC/USD 21/07/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $9,191 pivot to support a run at the first major resistance level at $9,227.

Support from the broader market would be needed, however, for Bitcoin to break back through to $9,200 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $9,238.2 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,274 before any pullback.

Failure to move through the $9,191 pivot level would bring the first major support level at $9,143 into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$9,000 levels. The third major resistance level at $9,023 should limit any downside.

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

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin

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

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

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

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

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

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

For the week ahead

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

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

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

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

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

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

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

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

BNB/USD 19/07/20 Weekly Chart

Litecoin

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

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

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

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

For the week ahead

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

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

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

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

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

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

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

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

LTC/USD 19/07/20 Weekly Chart

Tron’s TRX

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

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

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

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

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

For the week ahead

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

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

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

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

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

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

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

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

TRX/USD 19/07/20 Weekly Chart

The Crypto Daily – Movers and Shakers – July 16th, 2020

bitcoin with us dollars and calculator

Bitcoin, BTC to USD, fell by 0.58% on Wednesday. Reversing a 0.13% increase from Tuesday, Bitcoin ended the day at $9,210.1.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $9,280.0 before hitting reverse.

Falling short of the first major resistance level at $9,331.47, Bitcoin slid to a late afternoon intraday low $9,179.0.

Steering clear of the first major support level at $9,151.17, Bitcoin revisited $9,240 levels before easing back.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was another mixed day on Wednesday.

Monero’s XMR (+3.99%), Stellar’s Lumen (+2.65%), and Tezos (+8.77%) bucked the trend on the day.

It was a bearish day for the rest of the majors.

Binance Coin slid by 2.54% to lead the way down.

Bitcoin Cash SV (-1.15%), Cardano’s ADA (-1.48%), and Litecoin (-1.32%) also struggled.

Bitcoin Cash ABC (-0.39%), EOS (-0.63%), Ethereum (-0.86 %), Ripple’s XRP (-0.92%), and Tron’s TRX (-0.82%) saw relatively modest losses.

In the current week, the crypto total market cap rose to a Monday high $273.18bn before falling to a Tuesday low $261.61bn. At the time of writing, the total market cap stood at $267.05bn.

Bitcoin’s dominance fell to a Monday low 63.09% before rising to a Tuesday high 64.00%. At the time of writing, Bitcoin’s dominance stood at 63.52%.

This Morning

At the time of writing, Bitcoin was up by 0.04% to $9,214.0. A mixed start to the day saw Bitcoin fall to an early morning low $9,195.0 before rising to a high $9,214.0

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

Elsewhere, it was a mixed start to the day.

Cardano’s ADA (+1.19%), Ethereum (+0.08%), Litecoin (+0.07%), Monero’s XMR (+0.76%), Stellar’s Lumen (+0.29%), Tezos (+0.20%), and Tron’s TRX (+0.18%) joined Bitcoin in the green.

It was a bearish start for the rest of the majors.

At the time of writing, Bitcoin Cash SV was down by 0.94% to lead the way down.

Binance Coin (-0.63%), Bitcoin Cash ABC (-0.30%), EOS (-0.38%), and Ripple’s XRP (-0.02%) were also in the red.

BTC/USD 16/07/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $9,223 pivot to support a run at the first major resistance level at $9,267.07.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $9,280.0

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

In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,324.04. Resistance at $9,400 would likely cap any upside.

Failure to move through the $9,223 pivot level would bring the first major support level at $9,166.07 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$9,000 levels. The third major resistance level at $9,021.03 should limit any downside.

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

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin Price Resistance

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

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

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

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

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

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

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

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

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

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

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

BNB/USD 15/07/20 Daily Chart

For the remainder of the week

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

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

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

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

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

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

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

Looking at the Technical Indicators

Major Support Level: $15.85

Major Resistance Level: $18.62

23.6% FIB Retracement Level: $14.4

38.2% FIB Retracement Level: $19.4

62% FIB Retracement Level: $27.3

The Crypto Daily – Movers and Shakers – July 14th, 2020

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

Bitcoin, BTC to USD, fell by 0.73% on Monday. Reversing a 0.76%% loss from Sunday, Bitcoin ended the day at $9,252.0.

It was a mixed start to the day. Bitcoin fell to a mid-morning low $9,257.5 before striking a mid-day intraday high $9,350.0.

Falling short of the first major resistance level at $9,397.9, Bitcoin slid to a late intraday low $9,220.0.

Avoiding the first major support level at $9,204.4, Bitcoin briefly revisited $9,270 levels before easing back.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Monday.

Tezos rallied by 2.66% to lead the way. Binance Coin also bucked the trend, rising by 0.38%

It was a bearish end to the week for the rest of the majors.

Stellar’s Lumen and Tron’s TRX led the way down, with losses of 5.15% and 3.46% respectively.

Bitcoin Cash ABC (-2.09%), Bitcoin Cash SV (-2.00%), Cardano’s ADA (-2.15%), and EOS (-2.55%) also struggled on the day.

Ethereum (-1.39%), Litecoin (-1.92%), Monero’s XMR (-0.23%), and Ripple’s XRP (-1.31%) saw more modest losses on the day.

On Monday, the crypto total market cap rose to a Monday high $271.57bn before falling to a low $264.75bn. At the time of writing, the total market cap stood at $266.13bn.

Bitcoin’s dominance fell to a Monday low 63.37% before rising to a high 63.97%. At the time of writing, Bitcoin’s dominance stood at 63.87%.

This Morning

At the time of writing, Bitcoin was down by 0.18% to $9,234.9. A bearish start to the day saw Bitcoin fall from an early morning high $9,252.0 to a low $9,234.6.

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

Elsewhere, it was a mixed start to the day.

At the time of writing, Binance Coin and Cardano’s ADA were up by 0.71 and by 0.42% respectively to buck the trend.

It was a bearish start for the rest of the majors.

Tezos was down by 2.90% to lead the way down early on.

BTC/USD 14/07/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $9,274 pivot to support a run at the first major resistance level at $9,328.0.

Support from the broader market would be needed, however, for Bitcoin to break back through to $9,300 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $9,350.0 would likely cap any upside.

In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,404.0 before any pullback.

Failure to move through the $9,274 pivot level would bring the first major support level at $9,198.0 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$9,100 levels. The second major resistance level at $9,144.0 should limit any downside.

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

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

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

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

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

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

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

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

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

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

For the week ahead

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

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

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

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

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

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

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

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

BNB/USD 12/07/20 Weekly Chart

Litecoin

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

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

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

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

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

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

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

For the week ahead

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

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

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

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

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

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

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

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

LTC/USD 12/07/20 Weekly Chart

Tron’s TRX

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

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

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

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

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

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

For the week ahead

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

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

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

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

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

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

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

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

TRX/USD 12/07/20 Daily Chart

The Crypto Daily – Movers and Shakers – July 9th, 2020

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

Bitcoin rose by 1.94% on Wednesday. Reversing a 1.00% loss from Tuesday, Bitcoin ended the day at $9,447.0.

It was a mixed start to the day for Bitcoin. Bitcoin fell to an early morning intraday low $9,256.0 before making a move.

Steering clear of the first major support level at $9,189.27, Bitcoin rallied to a mid-afternoon intraday high $9,490.1.

Bitcoin broke through the first major resistance level at $9,367.57 and the second major resistance level at $9,467.63.

A late pullback saw Bitcoin fall back through the second major resistance level to a low $9,401.3.

Finding late support, however, Bitcoin avoided the first major resistance level to wrap up the day at $ 9,400 levels.

The near-term bullish trend remained intact in spite of the recent pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a particularly bullish day on Wednesday.

Cardano’s ADA (+10.54%), Ripple’s XRP (+10.98%), and Stellar’s Lumen (+15.61%) lead the way.

EOS (+4.80%), Litecoin (+4.47%), Tezos (+5.67%), and Tron’s TRX (+4.64%) also found strong support.

Binance Coin (+2.86%), Bitcoin Cash ABC (+1.90%), Bitcoin Cash SV (+1.48%), Ethereum (+3.25%), and Monero’s XMR (+2.55%) trailed the front runners.

In the current week, the crypto total market cap rose from a Monday low $254.54bn to Wednesday high $272.25bn. At the time of writing, the total market cap stood at $271.24bn.

Bitcoin’s dominance fell from a Monday high 65.58% to a Wednesday low 63.83%. At the time of writing, Bitcoin’s dominance stood at 64.03%.

This Morning

At the time of writing, Bitcoin was down by 0.21% to $9,427.5. A mixed start to the day saw Bitcoin rise to an early morning high $9,451.7 before falling to a low $9,411.5.

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

Elsewhere, it was a mixed start to the day.

At the time of writing, Stellar’s Lumen and Binance Coin bucked the trend, with gains of 1.78% and 0.24% respectively.

It was bearish for the rest of the majors, with Cardano’s ADA (-1.43%), Ripple’s XRP (-1.05%), and Tezos (-1.26%) leading the way down.

BTC/USD 09/07/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,400 pivot to support a run at the first major resistance level at $9,544.13.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $9,497.2.

Barring an extended crypto rebound, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,641.27.

Failure to avoid a fall through the $9,400 pivot level would bring the first major support level at $9,302.93 into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$9,300 levels. The second major resistance level sits at $9,158.87.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 08/07/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Resistance

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

The start of the week was bearish, however, with Binance Coin falling to a Sunday current week low $15.07 before finding support.

Steering clear of the first major support level at $14.95, Binance Coin recovered to end Sunday with a 0.42% loss on the day

Bullish through Monday and Tuesday, Binance Coin rallied to a Tuesday high $17.08.

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

Coming up short of the third major resistance level at $17.80, Binance Coin fell back to sub-$17 levels on the day.

The second major resistance level at $16.65 delivered support late in the day on Tuesday.

For the current week, Sunday through Tuesday, Binance Coin was up by 7.90% to $16.90. Two consecutive days in the green delivered the upside. Binance Coin saw gains of 5.32% and 2.92% on Monday and Tuesday respectively.

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

It’s had been a relatively bullish start to the year before the reversal. Having been up by as much as 101% year-to-date, Binance Coin was up by 23.08% year-to-date.

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

At the time of writing, Binance Coin was up by 0.76% to $16.92. A bullish start to the day on Wednesday saw Binance Coin rise from an early morning low $16.60 to a current week high $17.09.

Binance Coin continued to hold above the second major resistance level at $16.65.

BNB/USD 08/07/20 Weekly Chart

For the remainder of the week

Binance Coin would need to move back through $17 levels to support another run at the third major resistance level at $17.80.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $17.09.

Barring an extended crypto rally, resistance at $17 would likely continue to limit any upside.

In the event of another breakout, a breakthrough the third major resistance level would bring $18 levels into play.

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

A pullback through to sub-$16 and the $15.50 pivot would bring the first major support level at $14.95 into play.

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

Looking at the Technical Indicators

Major Support Level: $14.95

Major Resistance Level: $16.10

23.6% FIB Retracement Level: $14.4

38.2% FIB Retracement Level: $19.4

62% FIB Retracement Level: $27.3