Altcoins Weekly Analysis – BNB, EOS and ETH – 02/06/19

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

Binance Coin

Binance Coin fell by 5.41% in the week ending 1st June. Partially reversing a 22.19% rally from the previous week, Binance Coin ended the week at $33.333.

A choppy start to the week saw Binance Coin strike a Sunday intraweek high and new swing hi $38.646 before hitting reverse.

Coming up against the first major resistance level at $38.867, Binance Coin slid to a Wednesday low $30.888 before finding support.

Holding above the first major support level at $28.50, Binance recovered to $34 levels before sliding to a Thursday intraday low $29.939.

While leaving the first major support level at $28.50 untested, Binance Coin found support at $30 to reduce the deficit over the weekend.

For the week ahead,

A move through to $34 levels would support a run at the first major resistance level at $38.006 before any pullback.

Support from the broader market would be needed, however, for Binance Coin to look to break out from $34 levels.

A broad-based crypto rally through the week would bring $40 levels into play before any pullback. Binance Coin would likely come up short of the second major resistance level at $42.78, however.

Failure to move back through to $34 levels could see Binance Coin see red for a 2nd consecutive week.

A pullback through to $31 levels would likely bring the 23.6% FIB of $30.5 into play before any recovery.

Barring a broad-based crypto sell-off, Binance Coin would likely steer clear of sub-$30 levels and the first major support level at $29.299.

At the time of writing, Binance Coin was up 0.03% to $33.342.

BNB/USD 02/06/19 Weekly Chart

EOS

EOS rallied by 20.84% in the week ending 1st June. Following on from an 8.54% gain from the previous week, EOS ended the week at $7.71.

A bullish start to the week saw EOS rally from an intraweek low $6.2112 to a Thursday high $8.4790.

The early rally saw EOS break through the major resistance levels and, more significantly, the 23.6% FIB of $6.62.

A choppy Thursday saw EOS slide back through the third major resistance level at $8.0031 and second major resistance level at $7.1212 before bouncing back.

Holding above the first major resistance level at $6.7522 and 23.6% FIB of $6.62, EOS struck an intraweek high $8.6503.

A bearish end to the week left EOS back at sub-$8.00 levels on Saturday.

For the week ahead,

A move back through to $8.00 levels would support another bullish week ahead. EOS would need to break through to $8.30 levels to bring the first major resistance level at $8.8365 into play.

Support from the broader market would be needed, however, for EOS to breakout from last week’s high $8.6503.

In the event of a broad-based crypto rally, the 38.2% FIB of 9.76 and the second major resistance level at $9.9629 could come into play.

Failure to move back through to $8.00 levels could see EOS hit reverse. A pullback through $7.55 levels would bring sub-$7.00 levels into play before any recovery.

Barring a crypto meltdown, however, EOS will likely steer clear of the 23.6% FIB of $6.62.

At the time of writing, EOS was up by 3.26% to $7.9617.

EOS/USD 02/06/19 Weekly Chart

Ethereum

Ethereum rose by 5.26% in the week ending 1st June. Following on from a 7.5% gain from the previous week, Ethereum ended the week at $264.78.

A bullish start to the week saw Ethereum rally to an early in the week high $279.55 before pulling back.

The early breakout saw Ethereum break through the 23.6% FIB of $257 and first major resistance level at $267.17.

Ethereum eased back to $260 levels mid-week before making a move.

Recovering from $260, Ethereum rallied to a Thursday intraday week high $288.77 before hitting reverse.

The reversal saw Ethereum fall back through the first major resistance level at $267.17 and 23.6% FIB of $257 to an intraweek low $235.44.

In spite of the reversal, Ethereum held above the first major support level at $233.52 and moved back through the 23.6% FIB to end the week at $264 levels.

For the week ahead,

A hold above $265 levels through the early part of the week would support another bullish week ahead.

Ethereum would need to move through to $275 levels in the early part of the week to support a run at the first major resistance level at $290.55.

Support from the broader market would be needed, however, for Ethereum to take a run at $280 levels and last week’s high $288.77.

Failure to hold above $265 levels could see Ethereum hit reverse. A pullback through 23.6% FIB of $257 would bring $240 levels into play before any recovery.

Barring a broad-based crypto sell-off, Ethereum would likely steer clear of the first major support level at $237.22.

At the time of writing, Ethereum was up by 2.61% to $271.7.

ETH/USD 02/06/19 Weekly Chart

Altcoins Weekly Analysis – BNB, EOS and ETH – 26/05/19

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

Binance Coin

Binance Coin jumped by 22.19% in the week ending 25th May. Following on from a 38.19% rally from the previous, Binance Coin ended the week at $35.24.

It was another bullish week for Binance Coin, rallying from a start of a week intraweek low $25.38 to a Saturday intraweek high and new swing hi $35.75.

Steering well clear of the week’s first major support level at $21.97, 6 days in the green out of 7 saw Binance Coin break through the first major resistance level at $32.89.

The week-long rally and new swing hi $35.75 reaffirmed the near-term bullish trend formed back at early December’s swing lo $4.1724.

For the week ahead

A hold above $32 levels in the early part of the week would support further upside in the week ahead.

A move through last week’s high $35.75 would bring the first major resistance level at $38.87 into play.

Support from the broader market would be needed, however, for Binance Coin to take a run at $40 levels.

While we have seen Binance Coin buck the trend from the top 10, Bitcoin’s hold at around the $8,000 level has been positive.

Continued support for the broader market could bring the second major resistance level at $42.49 into play before any pullback

Failure to hold above $32 levels could see Binance Coin give up some of last weeks gains. A pullback through to sub-$30 levels would bring the first major support level at $28.50 into play before any recovery.

Barring a broad-based crypto sell-off, Binance Coin would likely steer well clear of last week’s low $25.38.

In the event of a sell-off, expect a visit to $25 levels before any recovery.

At the time of writing, Binance Coin was down 2.21% to $34.47.

BNB/USD 26/05/19 Daily Chart

EOS

EOS gained 8.54% in the week ending 25th May. Following on from a 7.98% rise in the previous week, EOS ended the week at $6.3832.

A particularly bullish start to the week saw EOS rally by 9.98% on Sunday to $6.5 levels before hitting reverse.

Falling short of the major resistance level at $6.7674, EOS slid to a Thursday intraweek low $5.7264 before finding support.

Steering well clear of the first major support level at $5.1168, EOS rallied to a Friday intraday high $6.6083 before easing back.

Falling short of the major resistance levels in the week, the 23.6% FIB Retracement Level of $6.62 pinned EOS back for a 2nd consecutive week.

For the week ahead,

A hold above $6.25 levels through the early part of the week would support another run at the 23.6% FIB of $6.62.

EOS would need support from the broader market, however, to break out from the 23.6% FIB and take a run at the first major resistance level at $6.7522.

Barring a broad-based crypto rally, EOS would likely come up well short of the second major resistance level at $7.1212.

In the event of a breakout, expect a visit to $7.00 levels before any pullback.

Failure to hold above $6.25 levels could see EOS hit reverse. A fall through to sub-$6.10 levels would bring the first major support level at $5.87 into play before any recovery.

Barring a broad-based crypto sell-off, EOS would likely steer well clear of last week’s low $5.7264.

At the time of writing, EOS was up by 0.29% to $6.4017.

EOS/USD 26/05/19 Daily Chart

Ethereum

Ethereum gained 7.5% in the week ending 25th May. Following on from a 21.52% rally from the previous week, Ethereum ended the week at $251.55.

A relatively choppy week saw Ethereum rally to a Sunday intraweek high $264.77 before hitting reverse.

Falling short of the first major resistance level at $283.07, Ethereum slid to a Thursday intraweek low $231.12 before finding support.

Steering clear of the first major support level at $183.69, Ethereum bounced back to $250 levels.

The moves through the week saw Ethereum pinned back by the 23.6% FIB Retracement Level of $257.

For the week ahead,

A hold above $248 levels through the early part of the week would likely lead to further gains in the week ahead.

Ethereum would need to move through to $260 levels to bring the first major resistance level at $267.17 into play.

Support from the broader market would be needed, however, for Ethereum to break clear of the 23.6% FIB of $257.

Failure to hold above $248 levels could see Ethereum reverse some of last week’s gains. A fall through to sub-$240 levels would bring the first major support level at $233.52 into play before any recovery.

Barring a crypto meltdown, Ethereum would likely steer clear of last week’s low $231.12.

At the time of writing, Ethereum was down by 0.01% to $251.53.

ETH/USD 26/05/19 Daily Chart

Binance Coin Analysis – Resistance Levels in Play – 22/05/19

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Binance Coin Price Resistance

It’s been a particularly bullish start to the week for Binance Coin. Following on from a 38.2% surge last week, Sunday through Saturday, Binance Coin has seen green for 3-consecutive days.

Binance Coin is up by 12.62% to $32.48 for the current week, Sunday through Tuesday.

Following a new swing hi $32.99 on Sunday, a 10.21% rally on Tuesday saw Binance Coin strike a new swing hi $33.58 before easing back to $32 levels.

The bullish start to the week saw Binance Coin steer well clear of the week’s first major support level at $21.97. Of greater significance was a move away from the 23.6% FIB following a Sunday current week low $25.39.

3 consecutive days and a double-digit rally on Tuesday saw Binance Coin break through the first major resistance level at $32.89.

Following a 30.3% gain in April, it’s been a particularly bullish month for Binance Coin. For the current month to the end of Tuesday, Binance Coin was up by 40.1%.

The near-term bullish trend formed at 7th December’s swing lo $4.17 remained firmly intact. Binance Coin is up by 413% year-to-date, with Tuesday’s new swing hi $33.58 supporting further upside near-term.

For the bulls, steering clear of the 23.6% FIB of $27 will be key to maintaining the upward momentum.

At the time of writing, Binance Coin was down by 2.4% to $31.704.

BNB/USD 22/05/19 Weekly Chart

For the remainder of the week

A move back through to $32 levels and the first major resistance level at $32.89 would support a bullish 2nd half of the week.

Binance Coin would need support from the broader market, however, to break out from $32 levels on the week.

Following Tuesday’s rally, where Binance Coin outperformed the broader market, a lack of momentum across the majors would likely limit the upside in the coming days.

In the event of a pre-weekend crypto rally, Binance Coin would take a run at the second major resistance level at $36.94 before any pullback.

A lack of support from the broader market would likely leave Binance Coin at $30 levels by the weekend.

Failure to move back through the first major resistance level at $32.89 could see Binance Coin give up some of the current week gains.

A pullback through to sub-$30 levels could see Binance Coin test the 23.6% FIB of $27 before any recovery.

Barring a crypto meltdown, Binance Coin will likely steer well clear of the first major support level at $21.97.

For the bears, a slide back through to $25 levels would be the signal for a more material sell-off.

Looking at the Technical Indicators

 

Major Support Level: $29.0

Major Resistance Level: $34.8

23.6% FIB Retracement Level: $27

38.2% FIB Retracement Level: $22

62% FIB Retracement Level: $15

Altcoins Weekly Analysis – ADA, BNB and ETH – 19/05/19

Cryptomania

Cardano’s ADA

Cardano’s ADA rose by 6.1% in the week ending 18th May. Following on from a 6.25% gain from the previous week, Cardano’s ADA ended the week at $0.07885.

After a bearish start to the week, Cardano’s ADA recovered from a Monday intraday week low $0.062608 to strike a Thursday intraweek high $0.101313.

Holding above the major support levels, Cardano’s ADA broke through the first major resistance level at $0.0853 and second major resistance level at $0.0962.

A sell-off from the week high led to 3 consecutive days in the red and a pullback to sub-$0.080 levels.

For the week ahead,

A move through to $0.0810 levels would be needed to shake off the negative bias from late last week.

Cardano’s ADA would need the support of the broader market, however, to take a run at $0.090 levels. In the event of another crypto rally, Cardano’s ADA would likely test the first major resistance level a $0.0992 before any pullback.

Barring another crypto breakout, last week’s high $0.101313 would likely limit the upside for the week to leave the second major resistance level at $0.1196 out of reach.

Failure to move through to $0.0810 levels could see Cardano’s ADA continue the reversal.  A fall through to $0.074 levels would bring $0.065 levels into play before any recovery.

Barring a broad-based crypto sell-off, however, Cardano’s ADA will likely steer clear of the first major support level at $0.0605.

At the time of writing, Cardano’s ADA was down by 0.01% to $0.078839.

ADA/USD 19/05/19 Weekly Chart

Binance Coin

BNB rallied by 38.19% in the week ending 18th May. Reversing the previous week’s 12.6% slide with interest, Binance Coin ended the week at $28.84.

A bullish first half of the week saw Binance Coin rally from an intraweek low $19.15 to a Thursday high $28.95 before easing back.

Steering clear of the major support levels, Binance Coin broke through the first major resistance level at $24.38 and second major resistance level at $27.83.

The pullback saw Binance Coin fall to $22 levels before a trend-bucking rally on Saturday. Binance Coin rallied to an intraweek high and new swing hi $30.07 before easing back to $28 levels.

Binance Coin managed to break back through and hold above the second major resistance level at $27.83.

Of greater significance through the week was Binance Coin’s move through the 38.2% FIB of $18.08 and breakout from the 23.6% FIB of $21.36 to reaffirm the near-term bullish trend, formed at early December’s swing lo $4.1724.

For the week ahead,

A hold above $27 levels through the early part of the week would support another bullish week ahead.

Binance Coin would need to move through to $29 levels to bring last week’s high $30.07s back into play.

Support from the broader market would be needed, however, for Binance Coin to break through the first major resistance level at $32.74.

Failure to hold above $27 levels could see Binance Coin give up some of last weeks gains. A pullback through to $25 levels would bring $23 levels into play before any recovery.

Barring a broad-based crypto sell-off, Binance Coin would likely steer clear of the first major support level at $22.05.

In the event of a sell-off, expect a visit to $20 levels before any recovery.

At the time of writing, Binance Coin was down by 1.31% to $28.46.

BNB/USD 19/05/19 Weekly Chart

Ethereum

Ethereum surged by 21.52% in the week ending 18th May. Following on from an 18.9% rally from the previous week, Ethereum ended the week at $234.03.

After a bearish start to the week that saw Ethereum fall to an intraday week low $182.39, it was bullish through to a Thursday intraweek high $281.77.

Steering clear of the week’s major support levels, Ethereum broke through the first major resistance level at $213.92 and second major resistance level at $235.32.

Of greater significance was a break through the 23.6% FIB of $257 for the first time since last September.

A bearish end to the week saw Ethereum pullback through the 23.6% FIB to $222 levels before finding support.

For the week ahead,

A hold onto $230 levels through the early part of the week would support another run at the 23.6% FIB of $257.

Ethereum would need support from the broader market, however, to break out from $250 levels and take a run at the first major resistance level at $283.07.

Barring another broad-based crypto rally, last week’s high $281.77 would likely cap the upside on the week.

Failure to hold onto $230 levels could see Ethereum continue late last week’s reversal. A fall through to $210 levels would bring the $190 levels into play before any recovery.

Barring a broad-based crypto sell-off, however, Ethereum would likely steer clear of the first major support level at $183.69.

At the time of writing, Ethereum was down by 0.04% to $233.94.

ETH/USD 19/05/19 Daily Chart

Altcoins Weekly Analysis – ADA, BNB and ETH – 12/05/19

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

Cardano’s ADA

Cardano’s ADA gained 6.25% in the week ending 11th May. Reversing a 2.93% loss from the previous week, Cardano’s ADA ended the week at $0.07432.

Bearish through much of the week, Cardano’s ADA fell to an intraweek low $0.05790 on Friday. The pullback saw Cardano’s ADA fall through the first major support level at $0.0642. The second major support level at $0.0585 limited the downside in the week.

A bullish Saturday reversed the week’s losses, with Cardano’s ADA rallying to an intraweek high $0.08254.

Finding support from the broader market, Cardano’s ADA broke through the first major resistance level at $0.0771. A late pullback on Saturday saw Cardano’s ADA ease back through the first major resistance level at the day’s end.

For the week ahead

A hold above $0.0720 levels would support further upside for Cardano’s ADA in the week ahead. A move back through to $0.080 levels would bring the first major resistance level at $0.0853 into play.

Support from the broader market would be needed, however, for Cardano’s ADA to breakout from $0.085 levels.

Barring a crypto rally, Cardano’s ADA will likely fall short of $0.090 levels. In the event of another rally, Cardano’s ADA will likely test the second major resistance level at $0.0962 before any pullback.

Failure to hold above $0.0720 levels could see Cardano’s ADA resume its run of weekly losses. A fall back through to $0.065 levels would bring the first major support level at $0.06060 into play.

Barring a crypto meltdown, Cardano’s ADA will likely steer clear of sub-$0.060 levels in the week.

At the time of writing, Cardano’s ADA was up by 1.27% to $0.075255.

ADA/USD 12/05/19 Weekly Chart

Binance Coin

BNB tumbled by 12.6% in the week ending 11th May. Reversing a 4.68% gain from the previous week, Binance Coin ended the week at $20.92.

A particularly bearish start to the week saw Binance Coin slide from $24 levels to an intraweek low $17.8 on Saturday.

The reversal saw Binance Coin slide through the first major support level at $21.66 and second major support level at $19.37.

Of greater significance was a fall through the 23.6% FIB of $21.36. Support at the 38.2% FIB of $18.08 ultimately prevented heavier losses in the week.

Bouncing back on Saturday, supported by the broader market, Binance Coin struck an intraweek high $24.55 before easing back.

The rally saw Binance Coin break back through the 38.2% FIB and 23.6% FIB before the late Saturday pullback.

For the week ahead

A hold onto $21 levels through the early part of the week would provide some much-needed support for the week ahead.

Sentiment towards Binance Coin will need to materially shift, however, for Binance Coin to break through the first major resistance level at $24.38.

Barring a broad-based crypto rally, Binance would likely come up short of the second major resistance level at $27.83. A 3rd May swing hi $26.67 would likely cap any upside through the week.

Failure to hold onto $21 levels could see Binance coin hit take another weekly hit. A pullback through to sub-$20 levels would bring the first major support level at $17.63 into play.

Barring a crypto meltdown, however, Binance Coin would likely steer clear of sub-$17 levels in the week.

At the time of writing, Binance Coin was up by 1.08% to $21.15.

BNB/USD 12/05/19 Weekly Chart

Ethereum

Ethereum rallied by 18.9% in the week ending 11th May. Following on from a 3.93% gain from the previous week, Ethereum ended the week at $192.52.

Bullish through most of the week, Ethereum rallied from a Sunday intraweek low $157.28 to a Saturday intraweek high $207.

Steering clear of the major support levels, Ethereum broke through the major resistance levels before a late Saturday pullback.

The late pullback saw Ethereum fall back through the third major resistance level at $200.87.

For the week ahead

A move back through last weeks high $207 would support a run at the first major resistance level at $213.92.

Ethereum would need support from the broader market, however, to break out from $213 levels to take a run at $220 levels later in the week.

Barring another broad-based crypto rally, Ethereum would likely come up short of the second major resistance level at $235.32.

Failure to move back through last weeks high $207 could see Ethereum give up some of the previous week’s gains.

A fall through to $185 levels could bring $170 levels into play before any recovery. Barring a crypto meltdown, however, Ethereum will likely avoid sub-$180 levels and the first weekly support level at $164.20.

At the time of writing, Ethereum was by 2.93% to $197.97.

ETH/USD 12/05/19 Weekly Chart

Altcoins Weekly Analysis – ADA, BNB, and EOS – 21/04/19

Bitcoin coin on white keyboard

Cardano’s ADA

Cardano’s ADA fell by 8.33% in the week ending 20th April. Following on from a 7.8% slide from the previous week, Cardano’s ADA ended the day at $0.07668.

A choppy start to the week saw Cardano’s ADA rise to an intraweek high $0.085159 on Monday before hitting reverse.

Falling well short of the week’s first major resistance level at $0.0941, Cardano’s ADA fell to an intraday week low $0.075084 on Saturday.

In spite of the reversal, Cardano’s ADA held above the first major support level at $0.0745 to move back through to $0.080 levels on Saturday.

Following a first weekly loss in 8-weeks in the week ending 7th April, there were more losses. Cardano’s ADA saw red for 4 consecutive days in the week.

For the week ahead,

A move through to $0.0790 levels would be needed to bring $0.080 levels and the first major resistance level at $0.0829 into play.

Support from the broader market would be needed, however, for Cardano’s ADA to resume its upward trend.

Barring a broad-based crypto rally, Cardano’s ADA will likely fail to return to $0.090 levels. The second major resistance level at $0.0891 will likely cap any upside in the week.

Failure to move through to $0.0790 levels could see Cardano’s ADA continue the current reversal. A fall through last week’s low $0.075084 would bring the first major support level at $0.0745 into play.

Barring a crypto meltdown, Cardano’s ADA would likely steer clear of sub-$0.070 support levels in the week.

At the time of writing, Cardano’s ADA was up 1.63% to $0.077931.

ADA/USD 21/04/19 Weekly Chart

Binance

Binance rallied by 33.37 in the week ending 20th April. Reversing a 2.18% fall from the previous week, Binance ended the day at $25.10.

A relatively bullish start to the week saw Binance move back through $20.00 levels to test the first major resistance level at $20.51.

Following a range-bound middle of the week, Binance rallied to an intraweek high and new swing hi $25.83 on Saturday before easing back.

The breakout saw Binance break through the week’s major resistance levels. Moves through Saturday saw Binance fall back through the third major resistance level at $25.96 late in the day.

A start of a week intraweek low $18.616 saw Binance hold well above the first major support level at $16.74.

For the week ahead,

A hold onto $24 levels through the early part of the week would support further gains ahead of the weekend. A breakthrough last week’s high $25.83 would be needed to bring the first major resistance level at $27.83 into play.

Continued upward momentum mid-week could see Binance take a run at $30 levels before any pullback.

Failure to hold onto $24 levels could lead to a first weekly fall in 12 weeks. A pullback through $23.10 would bring the first major support level at $20.37 into play before any recovery.

Of greater significance would be a fall through the 23.6% FIB of $20.72, which would test the bulls.

Barring a broad-based crypto meltdown, Binance will likely steer well clear of sub-$20 support levels.

At the time of writing, Binance was down 1.45% to $24.73.

BNB/USD 21/04/19 Weekly Chart

EOS

EOS rose by 2.39% in the week ending 20th April. Reversing a 0.74% loss from the previous week, EOS ended the week at $5.47.

A relatively bullish start to the week saw EOS rise to an intraweek high $5.6602 on Monday before easing back.

Falling short of the week’s first major resistance level at $5.9114, EOS fell to an intraweek low $5.2175 on Monday.

Steering well clear of the week’s major support levels, EOS recovered to $5.60 levels and a range—bound 2nd half of the week.

A bearish end to the week led to a pullback to $5.4 levels to limit the gains for the week.

For the week ahead,

A hold above $5.45 levels through the early part of the week would support more upside in the week ahead. A break back through to last week’s high $5.66 would bring the first major resistance level at $5.681 into play.

Barring a broad-based crypto rally, EOS would likely come up short of $6.00 levels. The second major resistance level at $5.8919 would cap the upside in the week.

Failure to hold above $5.45 levels could see EOS slide back through the first major support level at $5.2383.

Barring a crypto meltdown, EOS would likely avoid a fall to sub-$5.00 levels. The second major support level at $5.0065 would limit the downside in the week.

At the time of writing, EOS was up by 0.26% to $5.4859.

EOS/USD 21/04/19 Weekly Chart

Altcoins Weekly Analysis – ADA, BNB, and EOS – 14/04/19

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Cardano’s ADA

Cardano’s ADA fell by 7.8% in the week ending 13th April. Partially reversing a 24.18% surge from the previous week, Cardano’s ADA ended the week at $0.08365.

A positive start to the week saw Cardano’s ADA strike a Sunday intraweek high $0.095515 before hitting reverse. Falling short of the week’s major resistance levels, Cardano’s ADA slid to an intraweek low $0.07592. A broad-based crypto sell-off did the damage on Thursday, with Cardano’s ADA falling by 6.5% on the day.

Cardano’s ADA was able to steer clear of the major support levels, however, to move back through to $0.08 levels.

The relatively bearish week delivered Cardano’s ADA  with its first weekly loss in 8-weeks.

For the week ahead,

A move through $0.085 levels in the early part of the week would bring $0.090 levels back into play. Cardano’s ADA  would need support from the broader market, however, to take a run at the first major resistance level at $0.0941.

In the event of a broad-based crypto rebound, Cardano’s ADA would likely return to $0.10 levels before any pullback. We would expect the second major resistance level at $0.1046 to cap the upside in the week, however.

Failure to move through $0.085 to $0.090 levels could see Cardano’s ADA  take another hit in the week ahead.

A pullback through to $0.070 levels would bring the first major support level at $0.0745 into play before any recovery.

Barring another crypto sell-off, however, we would expect Cardano’s ADA to continue to avoid sub-$0.060 levels.

In the event of a meltdown, the second major support level at $0.0654 would likely limit the losses for the week.

At the time of writing, Cardano’s ADA was up 0.4% to $0.083983.

ADA/USD 14/04/19 Weekly Chart

Binance

Binance fell by 2.18% in the week ending 14th April. Partially reversing an 11.9% rally from the previous week, Binance ended the week at $18.82.

Bearish through most of the week, Binance fell from a start of a week intraweek high $20.11 to an intraweek low $16.34.

In spite of the sell-off through to a Thursday low, Binance left the major support and resistance levels untested. Finding support on Friday through to the end of Saturday, Binance managed to recover to $19 levels before easing back.

For the week ahead,

A hold above $18.5 levels in the early part of the week would support a return to positive ways. Support from the broader market would likely see Binance return to $19 levels before any pullback. Barring a broad-based crypto rebound, however, we would expect Binance to come up short of the first major resistance level at $20.51.

In the event of a crypto rally, we would expect the second major resistance level at $22.19 to cap the upside for the week.

Failure to hold above $18.5 levels could see Binance hit red for a 2nd consecutive week. A fall through the 23.6% FIB of $17.87 would likely bring the first major support level at $16.74 into play.

Barring a crypto meltdown, however, we would expect Binance to avoid a return to sub-$16 levels, last struck on 2nd April.

At the time of writing, Binance was up by just 0.08% to $18.84.

BNB/USD 14/04/19 Weekly Chart

EOS

EOS slipped by 0.74% in the week ending 14th April. Following a 27.45% rally from the previous week, EOS ended the week at $5.343.

A bullish first half of the week saw EOS rise to Wednesday intraweek high $6,0726 before sliding back. Falling short of the first major resistance level at $6.1932, EOS fell to a Thursday intraweek low $5.097.

In spite of the Thursday sell-off, EOS held above the major support level at $4.3576 to partially recover the week’s losses.

For the week ahead,

A move through to $5.50 levels in the early part of the week would support a positive week ahead. An early run at the first major resistance level at $5.9114 would bring $6.00 levels back into play before any pullback.

Barring a broad-based crypto rebound, however, we would expect EOS to fall short of the second major resistance level at $6.4798.

In the event of a rebound, a visit to $7.00 levels could be on the cards, though EOS will likely come up short of the third major resistance level at $7.46.

Failure to move through $5.50 levels could see EOS hit reverse. A pullback through last week’s low $5.097 would bring the first major support level at $4.94 into play.

Barring a broad-based crypto sell-off, however, EOS would likely steer clear of the second major support level at $4.53.

At the time of writing, EOS was up by 0.64% to $5.3772.

EOS/USD 14/04/19 Weekly Chart

Altcoins Weekly Analysis – ADA, BNB, and EOS – 31/03/19

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Cardano’s ADA

Cardano’s ADA rallied by 13.58% in the week ending 30th March. Following on from a 23% jump from the previous week, Cardano’s ADA ended the week at $0.073098.

A range-bound start to the week saw Cardano’s ADA ease to an intraweek low $0.05431 on Monday before making a move. Steering clear of the first major support level at $0.0541, Cardano’s ADA rallied to a Friday intraweek high $0.074524.

The week-long rally saw Cardano’s ADA break through the first major resistance level at $0.0703 before easing back. The week’s second major resistance level at $0.0763 capped the upside for the week.

A pullback to sub-$0.070 levels on Saturday was short-lived, with Cardano’s ADA recovering to $0.070 levels late in the day.

For the week ahead,

A hold onto $0.070 levels through the early part of the week would support further gains in the week ahead. A move back through last weeks high $0.074524 would bring the first major resistance level at $0.0793 into play. Support from the broader market would be needed, however, for Cardano’s ADA to hold onto $0.070 levels.

Barring a broad-based crypto rally, we would expect Cardano’s ADA to come up short of the second major resistance level at $0.0854.

Failure to hold onto $0.070 levels could see Cardano’s ADA give up some of the recent gains. A pullback through $0.068 levels would bring the first major support level at $0.0622 into play. Barring a broad-based sell-off, we would expect Cardano’s ADA to steer clear of sub-$0.06 support levels.

At the time of writing, Cardano’s ADA was up 0.38% to $0.073378.

ADA/USD 31/03/19 Weekly Chart

Binance

Binance rose by 12.11% in the week ending 30th March. Reversing a 5.71% slide from the previous week, Binance ended the week at $17.22.

A start of a week rally to an intraweek high and new swing hi $17.81 delivered the week’s gains. Rising from an intraday week low $14.77, Binance broke through the first major resistance level at $16.41. Coming up against the second major resistance level at $17.47, Binance eased back to $15 levels on Tuesday before recovering to $17 levels.

The bullish week saw Binance steer well clear of the major support levels.

For the week ahead,

A hold onto $17 levels through the early part of the week would support another solid week ahead. A break back through to $17.50 levels would bring $18 levels into play before any pullback. Support from the broader market would be needed, however, for Binance to take a run at the first major resistance level at $18.43. Barring a broad-based rally, we would expect last week’s $17.806 high to cap the upside in the week.

Failure to hold onto $17 levels could see Binance give up some of last week’s gains. A fall through $16.60 would bring $15 levels into play before any recovery. Barring a broad-based crypto sell-off, however, we would expect Binance to hold above the first major support level at $15.39.

At the time of writing, Binance was down 0.11% to $17.197.

BNB/USD 31/03/19 Weekly Chart

EOS

EOS rallied by 13.51% in the week ending 30th March. Reversing a 4.09% fall from the previous week, EOS ended the week at $4.2189.

Following a range bound start to the week that saw EOS dip to an intraweek low $3.6198, EOS rallied to an intraweek high $4.4718.

Steering clear of the major support levels on Monday, EOS broke through the week’s major resistance levels.

An early afternoon pullback on Saturday saw EOS fall back to $4.05 levels before breaking back through the second major resistance level at $4.0164. In spite of the solid gains, EOS was unable to break back through the third major resistance level at $4.3045.

For the week ahead,

A hold onto $4.10 levels through the early part of the week would support a move back through last week’s high $4.4718. A broad-based crypto rally would bring the first major resistance level at $4.5872 into play. Barring a crypto rally, we would expect EOS to come up short of $5.00 levels, however. The second major resistance level at $4.9555 will likely to pin EOS back.

Failure to hold onto $4.10 levels could see EOS ease back to sub-$4.00 levels before any recovery. Negative sentiment across the broader market would bring the first major support level at $3.7352 into play. Barring a crypto meltdown, however, we would expect EOS to steer clear of the second major support level at $3.2515.

At the time of writing, EOS was down 0.97% to $4.1779.

EOS/USD 31/03/19 Weekly Chart

Binance Coin Analysis – Resistance Levels in Play – 27/03/19

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Binance Coin Price Resistance

It’s been a bearish start to the week for Binance Coin. Following last week’s 8.75% rally and new swing hi $17.806, it was 2-consecutive days in the red.

For the current week, Monday – Tuesday, Binance was down 5.65%. Pulling back from Sunday’s new swing hi, Binance fell from a start of a week high $17.59 to a Tuesday low $15.63.

Falling well short of the week’s first major resistance level at $18.70, Binance came within range of the first major support level at $15.07 before finding support. Recovering through the afternoon on Tuesday, Binance moved back through to $16 levels.

The near-term bullish trend, formed at early December’s swing lo $4.17, remained firmly intact. Binance continued to hold well above the 23.6% FIB Retracement Level of $14.6, following Sunday’s swing hi $17.806.

It’s been quite a start to the year for Binance, which has rallied by 158% year-to-date. Of particular significance is the fact that, out of the top-10 cryptos, Binance is the only coin that has managed to form a bullish trend.

At the time of writing, Binance was up 0.92% to $16.504. A choppy start to the day saw Binance slide to a morning low $16.03 before making a move.

Steering clear of the week’s first major support level at $15.07, Binance rallied to a morning high $16.75 before easing back. Binance also came up short of the week’s first major resistance level at $18.7 in the early hours.

BNB/USD 27/03/19 Weekly Chart

For the remainder of the week

A move back through last weeks high $17.806 would support a breakthrough to $18 levels in the week. Support from the broader market would be needed, however, for Binance to take a run at the first major resistance level at $18.70.

In the event of a broad-based crypto rally, Binance could break through to $19 levels before any pullback.

Failure to move back through to last weeks high $17.806 could see Binance slide further back in the week. Following 7-consecutive weeks in the green, a lack of momentum could see profit taking pin back any further gains.

A fall through $16.5 levels could bring $15 levels into play before any recovery. In the event of a broad-based crypto sell-off, we would expect Binance to test the first major support level at $15.07 before any recovery.

We would expect Binance to steer clear of sub-$15 support levels, however, in the event of a sell-off.

Looking at the Technical Indicators

 

Major Support Level: $15.07

Major Resistance Level: $18.70

23.6% FIB Retracement Level: $14.6

38.2% FIB Retracement Level: $12.6

62% FIB Retracement Level: $9.4

Altcoins Weekly Analysis –BNB, ETH and TRX – 24/03/19

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BNB

Binance slid by 5.71% in the week ending 23rd March. Partially reversing a 10.55% rally from the previous week, Binance ended the week at $15.36.

Off the back of a new swing hi $16.64 on 16th March, Binance fell for 5 consecutive days to a Thursday intraweek low $14.18.

A start of a week intraweek high $16.35 fell well short of the first major resistance level at $17.27 on Monday. The reversal saw Binance fall through the first major support level at $14.69 on Thursday.

Binance managed to see green on Friday. A move back through to $15 levels and limited the losses for the week. 6-days out of 7 in the red could have weighed far more heavily.

For the week ahead,

A move back through to $15.30 levels in the early part of the week would support a bounce back from last week’s losses.

A breakout would bring $16 levels and last week’s high $16.35 into play. Support from the broader market would be needed, however, for Binance to break through the first major resistance level at $16.41.

Barring a broad-based crypto rally, we would expect Binance to continue to come up short of the 16th march swing hi $16.44.

Failure to move back through to $15.30 levels could see Binance see more losses in the week ahead. A pullback would likely see Binance slide through to $14 levels before any recovery. Barring a mass crypto sell-off, however, we would expect Binance to steer clear of the first major support level at $14.24.

In the event of a sell-off, Binance could touch sub-$14 levels before any recovery.

At the time of writing, Binance was down by 0.6% to $15.27.

BNB/USD 24/03/19 Weekly Chart

Ethereum

Ethereum fell by 2.83% in the week ending 23rd March. Reversing a 2.98% rise from the previous week, Ethereum ended the week at $136.52.

A mixed start to the week saw Ethereum rise to an intraweek high $141.3 before hitting reverse. The week’s high on Monday came in spite of 2 consecutive days in the red. A range-bound middle of the week provided little support, with Ethereum sliding to an intraweek low $132.21 on Thursday.

Moves through the week left the major support and resistance levels untested.

For the week ahead,

A hold onto $136 levels through the early part of the week would support a move back through to $140 levels.

Following last week’s sell-off, a material shift in sentiment across the broader market would be needed, however.

A broad-based crypto rebound would give Ethereum a run at the first major resistance level at $141.14 before any pullback. Barring a crypto rally, we would expect last week’s high $141.3 to pin Ethereum back from a breakout to $145 levels in the week.

Failure to hold onto $136 levels could see Ethereum slide back through to $132 levels touched last week. Barring a broad-based crypto sell-off, however, we would expect the first major support level at $132.05 to prevent heavier losses in the week.

In the event of a crypto sell-off, the second major support level at $127.59 could come into play before any recovery.

At the time of writing, Ethereum was down by 0.34% to $136.05.

ETH/USD 24/03/19 Weekly Chart

Tron’s TRX

Tron’s TRX gained 4.24% in the week ending 23rd March. Following on from a 2.04% rise from the previous week, Tron ended the week at $0.02463.

Bearish through much of the week, Tron tumbled from $0.023 levels to a Thursday intraweek low $0.02215.

Falling short of the first major resistance level at $0.0244 early on, Tron fell through the first major support level at $0.0225.

Tron reversed the week’s losses on Saturday, rallying to an intraday week high $0.0248. The rebound saw Tron break through and hold above the first major resistance level at $0.0244 at the end of the week.

For the week ahead,

A hold onto $0.024 levels through the early part of the week would signal further upside for the week ahead. A breakthrough last week’s high $0.0248 would bring $0.025 levels into play before any pullback.

Support from the broader market would be needed, however, for Tron to take a run at the first major resistance level at $0.0256.

Failure to hold onto $0.024 levels could see Tron give up some of its recent gains. A pullback through to $0.0235 levels would bring the first major support level at $0.0229 into play before any recovery.

Barring a broad-based crypto sell-off, however, we would expect Tron to avoid sub-$0.022 support levels in the week.

At the time of writing, Tron was down by 0.63% to $0.02448.

TRX/USD 24/03/19 Weekly Chart