Binance Coin Mid-Week Analysis – Support Levels in Play – 22/04/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Support

It has been a bearish start to the week, with 2 consecutive days in the red delivering heavy losses early in the week.

Binance Coin tumbled from a Sunday current week high $16.77 to a Tuesday current week low $14.75 before finding support.

A 3.42% fall on Sunday and a 6.61% slide on Monday were followed up with a 0.92% gain on Tuesday to stop the slide.

In spite of the sell-off, however, Binance Coin steered clear of the first major support level at $14.41 and 23.6% FIB of $14.40.

The start of the week high fell well short of the first major resistance level at $17.87.

For the current week, Sunday through Tuesday, Binance Coin was down by 9.00% to $15.16.

The near-term bearish trend remained intact, however, 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 current downtrend. Having been up by as much as 101% year-to-date, Binance Coin was up by just 11.06% 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 0.70% to $15.26. It was a mixed start to the day on Wednesday. Binance Coin fell to an early morning low $14.89 before striking a high $15.30.

Binance Coin continued to steer clear of the first major support level at $14.41 and 23.6% FIB of $14.40.

BNB/USD 22/04/20 Weekly Chart

For the remainder of the week

Binance Coin would need to break back through to $15.65 levels to support a run at the first major resistance level at $17.87.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $16.77.

Barring a broad-based crypto rally ahead of the weekend, resistance at $16 would likely continue to cap any upside.

In the event of a breakout, Binance Coin could test the first major resistance level before any pullback.

Failure to move back through to $15.65 levels could see Binance Coin fall deeper into the red.

A pullback through the current week low $14.75 would bring the 23.6% FIB of $14.40 and the first major support level at $14.41 into play.

Barring a crypto meltdown, however, Binance Coin should steer well clear of sub-$14 levels.

Looking at the Technical Indicators

Major Support Level: $14.41

Major Resistance Level: $17.87

23.6% FIB Retracement Level: $14.4

38.2% FIB Retracement Level: $19.4

62% FIB Retracement Level: $27.3

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 19/04/20

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

Binance Coin

Binance Coin rallied by 20.48% in the week ending 18th April. Following on from a 9.34% gain from the previous week, Binance Coin ended the week at $16.65.

A choppy start to the week saw Binance Coin fall to a Monday intraweek low $13.40, which came in spite of daily gains on Sunday and Monday.

Steering clear of the first major support level at $12.89, Binance Coin rallied to a Saturday intraweek high $16.86.

Binance Coin broke through the first major resistance level at $15.16 and second major resistance level at $16.50.

Of greater significance, however, was a move through the 23.6% FIB of $14.44.

While 5-days in the green delivered the upside for the week, a 6.84% fall in Wednesday limited the gains.

For the week ahead

Binance Coin would need to break through to $17 levels to bring the first major resistance level at $17.87 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $16.86.

Barring a broad-based crypto rally, the major resistance level at $17.87 would likely cap any upside.

In the event of a breakout, Binance Coin could test resistance at $19 levels before any pullback.

Failure to move back through to $17 levels could see Binance Coin struggle in the week.

A fall back through to sub-$15.65 levels would bring the first major support level at $14.41 and the 23.6% FIB into play.

Barring a crypto meltdown, however, Binance Coin should steer well clear of sub-$14 levels.

At the time of writing, Binance Coin was down by 0.80% to $16.52. A bearish start to the week saw Binance Coin fall from an early morning high $16.69 to a low $16.32.

BNB/USD 19/04/20 Weekly Chart

Litecoin

Litecoin rose by 3.76% in the week ending 18th April. Following on from a 4.39% gain from the previous week, Litecoin ended the week at $44.20.

Another bearish start to the week saw Litecoin fall from a Sunday high $43.75 to a Thursday intraweek low $38.00.

Litecoin fell through the first major support level at $39.14 before rallying to a Saturday intraweek high $44.51.

In spite of the rebound, Litecoin fell short of the first major resistance level at $46.88 at the end of the week.

An 8.4% rally on Thursday reversed 4 consecutive days in the red to support the upside in the week.

For the week ahead

Litecoin would need to move back through to $44 levels to support a run at the first major resistance level at $46.47.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $44.51.

Barring an extended crypto rally, resistance at $45 would likely leave Litecoin short of the first major resistance level.

Failure to move through to $44 levels could see Litecoin come under further pressure.

A fall back through to sub-$42.30 levels would bring the first major support level at $39.96 into play.

Barring a broad-based crypto sell-off, however, Litecoin should steer clear of sub-$39 support levels.

At the time of writing, Litecoin was 0.79% to $43.85. A bearish start to the week saw Litecoin fall from an early morning high $44.39 to a low $43.61.

LTC/USD 19/04/20 Weekly Chart

Tron’s TRX

Tron’s TRX rallied by 6.71% in the week ending 18th April. Following on from a 3.91% gain from the previous week, Tron’s TRX ended the week at $0.013413.

A mixed start to the week saw Tron’s TRX rise to a Sunday high $0.013436 before sliding to a Thursday intraweek low $0.011842.

Steering clear of the major resistance levels, Tron’s TRX came within range of the first major support level at $0.01159.

Finding support on Thursday, Tron’s TRX bounced back to strike a Saturday intraweek high $0.013553.

Falling short of the first major resistance level at $0.01376, Tron’s TRX eased back to sub-$0.01350 levels.

The upside in the week came in spite of 4-days in the red.

For the week ahead

Tron’s TRX would need to avoid sub-$0.13 levels to support a run at the first major resistance level at $0.01403.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.013553.

Barring an extended crypto rally in the week, the first major resistance level at $0.01403 should limit any upside.

Failure to avoid sub-$0.13 levels could see Tron’s TRX struggle in the week.

A fall back through to sub-$0.01290 levels would bring the first major support level at $0.01232 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.01123.

At the time of writing, Tron’s TRX was down by 0.91% to $0.013291. A bearish start to the week saw Tron’s TRX fall from an early morning high $0.013436 to a low $0.013265.

TRX/USD 19/04/20 Weekly Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 15/04/20

Binance

Binance Coin Price Resistance

It has been a bullish start to the week, with Binance Coin seeing 3 consecutive days in the green going into Wednesday.

A mixed early part of the week saw Binance Coin slide to an early Monday current week low $13.40 before making a move.

The sell-off had come in spite of a 3.38% gain on Sunday. Steering clear of the first major support level at $12.89, Binance Coin rallied to a Tuesday current week high $16.09.

Binance Coin broke through the 23.6% FIB of $14.4 and the first major resistance level at $15.16.

More significantly, it was Binance Coin’s first visit to $16 levels since 12th March.

For the current week, Sunday through Tuesday, Binance Coin was up by 13.17%. 3 days in the green that included a 5.46% rally on Monday delivered the upside.

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

It’s had been a relatively bullish start to the year before the current downtrend. Having been up by as much as 101% year-to-date, Binance Coin was up by just 14.58% 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 0.87% to $15.78. A mixed start to the day on Wednesday saw Binance Coin fall to an early morning low $15.41 before striking a high $16.00.

Binance Coin continued to hold above the first major resistance level at $15.16 at the start of the day.

BNB/USD 15/04/20 Weekly Chart

For the remainder of the week

Binance Coin would need to break back through the current week high $16.09 to support another run at the second major resistance level at $16.50.

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

Barring a broad-based crypto rally ahead of the weekend, resistance at $16 would likely continue to cap any upside.

In the event of a breakout, Binance Coin could test the second major resistance level at $16.50 before any pullback.

Failure to move back through the current week high $16.09 could see Binance Coin hit reverse.

A pullback through 23.6% FIB of $14.40 to sub-$14.20 levels would bring the first major support level at $12.89 into play.

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

Looking at the Technical Indicators

Major Support Level: $12.89

Major Resistance Level: $15.16

23.6% FIB Retracement Level: $14.4

38.2% FIB Retracement Level: $19.4

62% FIB Retracement Level: $27.3

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 12/04/20

Bitcoin and Litecoin over dollar banknotes.

Binance Coin

Binance Coin rose by 9.34% in the week ending 11th April. Following on from a 12.64% rally from the previous week, Binance Coin ended the week at $13.82.

A bearish start to the week saw Binance Coin fall by 0.90% on Sunday to an intraweek low $13.30 before finding support.

Steering well clear of the first major support level at $11.81, Binance Coin rallied to a Tuesday intraweek high $15.57.

Off the back of an 11.3% rally on Monday, Binance Coin broke through 23.6% FIB of $14.40 and the first major resistance level at $15.02.

A pullback on Tuesday and an 8.5% slide on Friday saw Binance Coin slide back through the first major resistance level and 23.6% FIB of $14.4.

In spite of 4 days in the red out of 7, Binance Coin held onto $13 levels to end the week in the green.

For the week ahead

Binance Coin would need to break back through to $14.20 levels to bring the first major resistance level at $15.16 into play.

Support from the broader market would be needed for Binance Coin to break out from the 23.6% FIB of $14.4.

Barring a broad-based crypto rally, the major resistance level at $15.16 would likely cap any upside.

In the event of a breakout, Binance Coin could test resistance at $16 before any pullback.

Failure to move back through to $14.20 levels could see Binance Coin struggle in the week.

A fall back through last week’s low $13.30 would bring the first major support level at $12.89 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of the second major support level at $11.96.

At the time of writing, Binance Coin was down by 0.41% to $13.77. A mixed start to the week saw Binance Coin rise to an early morning high $14.03 before falling to a low $13.62.

BNB/USD 12/04/20 Weekly Chart

Litecoin

Litecoin rose by 4.39% in the week ending 11th April. Following on from a 4.93% gain from the previous week, Litecoin ended the week at $42.61.

A bearish start to the week saw Litecoin fall by 1.15% to a Sunday intraweek low $39.95 before finding support.

Steering clear of the first major support level at $37.57, Litecoin bounced back to a Tuesday intraweek high $47.69.

Litecoin broke through the first major resistance level at $46.88 and second major resistance level at $46.28 before sliding back.

Reversing an 11.7% rally from Monday, Litecoin saw 3 days in the red out of 4 to end the week at $42 levels. An 8.49% slide on Friday ate into the gains from earlier in the week.

For the week ahead

Litecoin would need to move back through to $43.40 levels to support a run at the first major resistance level at $46.88.

Support from the broader market would be needed, however, for Litecoin to break out from $45 levels.

Barring an extended crypto rally, resistance at $45 would likely leave Litecoin short of the first major resistance level.

Failure to move through to $43.40 levels could see Litecoin come under further pressure.

A fall back through to sub-$40 levels would bring the first major support level at $39.14 into play.

Barring a broad-based crypto sell-off, however, Litecoin should steer clear of sub-$39 support levels.

At the time of writing, Litecoin was down by 1.27% to $42.07. A bearish start to the week saw Litecoin fall from an early morning high $42.81 to a low $41.90.

LTC/USD 12/04/20 Weekly Chart

Tron’s TRX

Tron’s TRX gained 3.91% in the week ending 11th April. Following on from a 5.59% rise from the previous week, Tron’s TRX ended the week at $0.012516.

A bullish start to the week saw Tron’s TRX rally to a Tuesday intraweek high $0.014069 before hitting reverse.

Tron’s TRX broke through the first major resistance level at $0.1289 and second major resistance level at $0.1373.

The breakthrough came off the back of 2 consecutive days in the green, which included a 9.1% rally on Monday.

Bearish through the rest of the week, however, led to a slide back to $0.012040 on Friday before finding support.

3 days in the red out of 4, which included a 7.8% slide on Friday, left Tron’s TRX with modest gains from the week.

For the week ahead

Tron’s TRX would need to move through to $0.01280 levels to support a run at the first major resistance level at $0.01376.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.013 levels.

Barring an extended crypto rally in the week, the first major resistance level at $0.01376 should leave Tron’s TRX short of $0.014 levels.

Failure to move back through to $0.1280 levels could see Tron’s TRX struggle in the week.

A fall back through last week’s low $0.11896 would bring the first major support level at $0.01159 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.01065.

At the time of writing, Tron’s TRX was down by 1.17% to $0.012369. A bearish start to the week saw Tron’s TRX fall from an early morning high $0.012569 to a low $0.012365.

TRX/USD 12/04/20 Weekly Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 08/04/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Support

It was a bearish start to the week, with Binance Coin falling to a Sunday current week low $13.30 before finding support.

Steering clear of the first major support level at $11.81, Binance Coin rallied to a Tuesday current week high $15.57.

Off the back of a 0.90% fall on Sunday, Binance Coin rallied by 11.32% from Monday to Tuesday’s high.

Binance Coin broke through 23.6% FIB of $14.4 and the first major resistance level at $15.02 before easing back.

A 3.35% fall on Tuesday saw Binance Coin back through the first major resistance level to sub-$15 ahead of a Wednesday breakout.

For the current week, Sunday through Tuesday, Binance Coin was up by 6.44%. 2 days in the red from 3 partially offset Monday’s rally.

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

It’s had been a relatively bullish start to the year before the 1st quarter sell-off. Having been up by as much as 101% year-to-date, Binance Coin was up by just 7.84% 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 2.51% to $15.09. A bullish start to the day on Wednesday saw Binance Coin rally from an early morning low $14.49 to a high $15.47.

Steering clear of the major support levels, Binance Coin broke back through the first major resistance level at $15.02.

BNB/USD 08/04/20 Weekly Chart

For the remainder of the week

Binance Coin would need to break back through the current week high $15.57 to support another run at the second major resistance level at $16.24.

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

Barring a broad-based crypto rally ahead of the weekend, resistance at $16 would likely continue to cap any upside.

In the event of a breakout, Binance Coin could test resistance at $17 before any pullback.

Failure to move back through the current week high $15.57 could see Binance Coin hit reverse.

A pullback through to sub-$13 levels would bring the first major support level at $11.81 into play.

Barring a crypto meltdown, however, Binance Coin should steer well clear of sub-$14 levels.

Looking at the Technical Indicators

Major Support Level: $11.81

Major Resistance Level: $15.02

23.6% FIB Retracement Level: $14.4

38.2% FIB Retracement Level: $19.4

62% FIB Retracement Level: $27.3

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 05/04/20

crypto currency mining concept

Binance Coin

Binance Coin rallied by 12.64% in the week ending 4th April. Following on from a 0.74% gain from the previous week, Binance Coin ended the week at $13.81.

A bearish start to the week saw Binance Coin slide by 7.59% last Sunday, leading to a Monday intraweek low $11.03.

Steering well clear of the first major support level at $10.69, Binance Coin rallied to a Saturday intraweek high $14.24.

6 consecutive days in the green that included a 7.83% rebound on Monday delivered the upside for the week.

For the week ahead

Binance Coin would need to break back through to $14 levels to bring the first major resistance level at $15.02 into play.

Support from the broader market would be needed for Binance Coin to break out from the 23.6% FIB of $14.4.

Barring a broad-based crypto rally, the first major resistance level at $15.02 would likely cap any upside.

In the event of a breakout, Binance Coin could test resistance at $16 before any pullback.

Failure to move back through to $14 levels could see Binance Coin struggle in the week.

A fall back through to sub-$13 levels would bring the first major support level at $11.81 into play

Barring another crypto meltdown, however, Binance Coin should steer clear of sub-$12 levels.

At the time of writing, Binance Coin was up by 0.61% to $13.90. A bullish start to the week on Sunday saw Binance Coin rise from an early morning low $13.64 to a high $14.09 before easing back.

BNB/USD 05/04/20 Weekly Chart

Litecoin

Litecoin rose by 4.93% in the week ending 4th April. Following on from a 1.35% gain from the previous week, Litecoin ended the week at $40.85.

A bearish start to the week saw Litecoin slide by 4.63% last Sunday, leading to a Sunday intraweek low $37.01 before finding support.

Steering clear of the first major support level at $35.14, Litecoin bounced back to a Thursday intraweek high $43.00.

Litecoin broke through the first major resistance level at $42.06 before easing back.

6 consecutive days in the green delivered the upside in the week.

For the week ahead

Litecoin would need to steer clear of sub-$40.30 levels to support a run at the first major resistance level at $43.56.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $43.00.

Barring an extended crypto rally, the first major resistance at $43.56 would likely limit any upside in the week.

Failure to steer clear of sub-$40.30 levels could see Litecoin come under further pressure.

A fall back through to sub-$40 levels would bring the first major support level at $37.57 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$37 support levels.

At the time of writing, Litecoin was up by 0.24% to $40.95. A mixed start to the day saw Litecoin rise to an early morning high $41.11 before falling to a low $40.63.

LTC/USD 05/04/20 Weekly Chart

Tron’s TRX

Tron’s TRX rose by 5.59% in the week ending 4th April. Following on from a 2.01% gain from the previous week, Tron’s TRX ended the week at $0.01204.

Tracking the broader market, Tron’s TRX fell by 6.45% on Sunday, leading to a Monday intraweek low $0.010672.

Steering clear of the first major support level at $0.01032, Tron’s TRX rallied to a Thursday intraweek high $0.012626.

Tron’s TRX broke through the first major resistance level at $0.01234 before easing back to sub-$0.012 levels. A bullish end to the week saw Tron’s TRX wrap up the week at $0.012 levels.

6 consecutive days in the green reversed last Sunday’s pullback that included a 7.45% Monday rebound delivered the weekly gain.

For the week ahead

Tron’s TRX would need to steer clear of sub-$0.01180 levels to support a run at the first major resistance level at $0.01289.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.012626.

Barring an extended crypto rally in the week, the first major resistance level at $0.012626 should leave Tron’s TRX short of $0.013 levels.

Failure to steer clear of sub-$0.01180 levels could see Tron’s TRX struggle in the week.

A fall back through to sub-$0.01180 levels would bring the first major support level at $0.01093 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of sub-$0.010 levels.

At the time of writing, Tron’s TRX was down by 0.27% to $0.012008. A mixed start to the day saw Tron’s TRX rise from an early morning low $0.012008 to a high $0.012080 before falling back to the low.

TRX/USD 05/04/20 Weekly Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 01/04/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Support

It was yet another choppy start to the week. Binance Coin fell to a Monday current week low $11.03 before finding support.

Steering clear of the first major support level at $10.69, Binance Coin struck a Monday current week high $12.85.

Falling well short of the first major resistance level at $13.64, Binance Coin eased back to sub-$12 levels.

Support in the week, however, prevented a slide back to the current week low. 2 consecutive days in the green reversed a 7.59% slide on Sunday.

For the current week, Sunday through Tuesday, Binance Coin was up by 2.45% to $12.56.

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

It’s had been a relatively bullish start to the year before the current downtrend. Having been up by as much as 101% year-to-date, with Binance Coin was down by 7.99% year-to-date.

The 1st quarter slide came from a 34.72% tumble in March, with Binance Coin sitting well below a current year high $27.51.

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 0.13% to $12.58. A mixed start to the day on Wednesday saw Binance Coin slide to an early morning low $12.14 before striking a high $12.73.

Binance Coin continued to steer well clear of the major support and resistance levels.

BNB/USD 01/04/20 Weekly Chart

For the remainder of the week

Binance Coin would need to break back through the current week high $12.85 to support another run at the first major resistance level at $13.64 into play.

Support from the broader market would be needed, however, for Binance Coin to break back through last week’s high $13.54.

Barring a broad-based crypto rally ahead of the weekend, resistance at $13.5 would likely continue to cap any upside.

In the event of a breakout, Binance Coin could test resistance at $14 before any pullback.

Failure to move back through the current week high $12.85 could see Binance Coin hit reverse.

A pullback through to sub-$12.10 levels would bring the first major support level at $10.69 into play.

Barring an extended crypto meltdown, however, Binance Coin should steer well clear of sub-$10.00 support levels.

Looking at the Technical Indicators

Major Support Level: $10.69

Major Resistance Level: $13.64

23.6% FIB Retracement Level: $18.8

38.2% FIB Retracement Level: $22.9

62% FIB Retracement Level: $29.5

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 29/03/20

Bitcoin and Litecoin over dollar banknotes.

Binance Coin

Binance Coin rose by 0.74% in the week ending 28th March. Following on from a 19.45% rally from the previous week, Binance Coin ended the week at $12.21.

A bearish start to the week saw Binance Coin slide by 7.8% on Sunday, leading to a Monday intraweek low $10.59.

Steering well clear of the first major support level at $8.73, Binance Coin rallied to a Friday intraweek high $13.54.

A 9.66% rebound on Monday and 7.24% rally on Thursday drove Binance Coin to the week high before hitting reverse.

2-consecutive days in the red on Friday and Saturday, including a 6.6% loss on Friday, cut the gains for the week.

For the week ahead

Binance Coin would need to break back through to $13 levels to bring the first major resistance level at $13.64 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $13.54.

Barring a broad-based crypto rally, the first major resistance level at $13.64 would likely cap any upside.

In the event of a breakout, resistance at $14 would likely leave Binance Coin short of the 23.6% FIB of $14.4.

Failure to move back through to $13 levels could see Binance Coin struggle in the week.

A fall back through to sub-$12.1 levels would bring the first major support level at $10.69 into play

Barring another crypto meltdown, however, Binance Coin should steer clear of sub-$10 levels.

At the time of writing, Binance Coin was down by 1.23% to $12.06. A Bearish start to the week saw Binance Coin fall from a Sunday morning high $12.30 to a low $12.01.

BNB/USD 29/03/20 Weekly Chart

Litecoin

Litecoin rose by 1.35% in the week ending 28th March. Following on from an 11.57% rally from the previous week, Litecoin ended the week at $38.91.

A bearish start to the week saw Litecoin slide by 7.66% on Sunday, leading to a Monday intraweek low $34.51.

Steering clear of the first major support level at $30.38, Litecoin bounced back to a Friday intraweek high $41.43.

The upside came off the back of a 10.35% rally on Monday.

A choppy end to the week, however, saw Litecoin fall back to sub-$40 levels, with a 6% slide on Friday limiting the upside in the week.

Litecoin had fallen well short of the first major resistance level at $45.18 on Friday before the pullback.

For the week ahead

Litecoin would need to move back through to $40 levels to support a run at the first major resistance level at $42.06.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $41.43.

Barring an extended crypto rally, the first major resistance at $42.06 would likely limit any upside in the week.

Failure to move back through to $40 levels could see Litecoin come under further pressure.

A fall back through to sub-$38 levels would bring the first major support level at $35.14 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$30 levels. The second major support level at $31.36 should limit any downside in the week.

At the time of writing, Litecoin was down by 0.75% to $38.62. A bearish start to the week saw Litecoin fall from an early morning high $39.19 to a low $38.35.

LTC/USD 29/03/20 Weekly Chart

Tron’s TRX

Tron’s TRX rose by 2.01% in the week ending 28th March. Following on from a 15.45% rally from the previous week, Tron’s TRX ended the week at $0.011448.

Tracking the broader market, Tron’s TRX fell by 8.67% on Sunday, leading to a Monday intraweek low $0.01009.

Steering clear of the first major support level at $0.00893, Tron’s TRX rallied to a Friday intraweek high $0.012107, supported by a 10.58% rebound on Monday.

Falling short of the first major resistance level at $0.01316, Tron’s TRX fell back to sub-$0.011 levels before finding late support.

A 6.06% slide on Friday limited the upside in the week.

For the week ahead

Tron’s TRX would need to move back through to $0.012 levels to support a run at the first major resistance level at $0.01234.

Support from the broader market would be needed, however, for Tron’s TRX to break back out from last week’s high $0.012107.

Barring an extended crypto rally in the week, the first major resistance level at $0.01234 should cap any upside.

Failure to move through to $0.012 levels could see Tron’s TRX struggle in the week.

A fall back through to sub-$0.01122 levels would bring the first major support level at $0.01032 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.0090 levels. The second major support level at $0.00920 should limit any downside.

At the time of writing, Tron’s TRX was down by 1.41% to $0.011287. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.011403 to a low $0.011274.

TRX/USD 29/03/20 Weekly Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 25/03/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Support

It was yet another choppy start to the week. Binance Coin rose to a Sunday high $12.53 before hitting reverse.

Falling well short of the major resistance levels, Binance Coin slid to an early Monday current week low $10.59.

In spite of a 7.88% slide on Sunday, Binance Coin steered clear of the first major support level at $8.73.

Finding support on Monday, Binance Coin bounced back from the early low to strike a Tuesday current week high $12.99.

In spite of a 9.66% rally on Monday, Binance Coin came up short of the first major resistance level at $14.94.

While easing back from $12.9 levels, Binance Coin held onto $12 levels going into the mid-week sessions.

For the current week, Sunday through Tuesday, Binance Coin was up by just 2.89%.

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

It’s had been a relatively bullish start to the year before the current downtrend. Having been up by as much as 101% year-to-date, with Binance Coin was down by 8.64% 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 1.75% to $12.25. A bearish start to the day on Wednesday saw Binance Coin fall from an early morning high $12.57 to a low $12.17.

Binance Coin continued to steer well clear of the major support and resistance levels.

BNB/USD 25/03/20 Weekly Chart

For the remainder of the week

Binance Coin would need to break back through the current week high $12.99 to support another run at the first major resistance level at $14.94 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from $13 levels.

Barring a broad-based crypto rally ahead of the weekend, resistance at $13 would likely continue to cap any upside.

In the event of a breakout, Binance Coin could test resistance at $14 before any pullback.

We would expect Binance Coin to come up short of the 23.6% FIB of $14.4, however.

Failure to move back through the current week high $12.99 could see Binance Coin hit reverse.

A pullback through to sub-$11.56 levels would bring sub-$10 levels into play before any recovery.

Barring an extended crypto meltdown, however, Binance Coin should steer well clear of the first major support level at $8.73.

Looking at the Technical Indicators

Major Support Level: $8.73

Major Resistance Level: $14.94

23.6% FIB Retracement Level: $18.8

38.2% FIB Retracement Level: $22.9

62% FIB Retracement Level: $29.5

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 22/03/20

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

Binance Coin

Binance Coin rallied by 19.45% in the week ending 21st March. Partially reversing a 50.05% tumble from the previous week, Binance Coin ended the week at 12.10.

A mixed start to the week saw Binance Coin rise to a Sunday high $11.91 before hitting reverse.

Falling well short of the major resistance levels, Binance Coin tumbled to a Monday intraweek low $8.19.

Steering clear of the first major support level at $4.24, Binance Coin rebounded from an 8.78% slide to strike a Friday intraweek high $14.40.

In spite of a 17.94% Thursday rally, Binance Coin came up short of the first major resistance level at $18.22.

The 23.6% FIB of $14.40 pinned Binance Coin back on Friday, leading to a 3.08% slide on the day.

A 5th day in the green on Saturday consolidated the gains from earlier in the week. A lackluster end to the week, however, left Binance Coin back to sub-$13 levels.

For the week ahead

Binance Coin would need to break back through to $13 levels to bring the first major resistance level at $14.94 into play.

Support from the broader market would be needed for Binance Coin to break out from the 23.6% FIB of $14.4.

Barring another broad-based crypto rally, the 23.6% FIB would likely leave Binance Coin short of the major resistance levels.

Failure to move back through to $13 levels could see Binance Coin hit reverse.

A fall back through to sub-$11.6 levels would bring the first major support level at $8.73 into play

Barring another crypto meltdown, however, Binance Coin should steer clear of sub-$10 levels.

At the time of writing, Binance Coin was up by 2.23% to $12.37. A bullish start to the week, on Sunday, saw Binance Coin rise from an early morning low $11.81 to a high $12.57.

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

BNB/USD 22/03/20 Weekly Chart

Litecoin

Litecoin rallied by 11.57% in the week ending 21st March. Partially reversing a 43.13% slump from the previous week, Litecoin ended the week at $38.39.

A bullish start to the week saw Litecoin rally by 5.26% on Sunday to hit an early high $39.0 before hitting reverse.

Falling short of the major resistance levels, Litecoin slid by 8.03% on Monday to an intraweek low $29.17.

Steering well clear of the first major support level at $19.44, Litecoin rallied to a Friday intraweek high $43.97.

Falling well short of the first major resistance level at $55, Litecoin fell back to $34 levels before finding support.

A recovery to $38 levels on Friday and a 0.79% gain on Saturday consolidated a 12.14% rally from Thursday.

For the week ahead

Litecoin would need to move back through to $40 levels to support a run at the first major resistance level at $45.18.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $43.97.

Barring an extended crypto rally, the first major resistance at $45.18 would likely limit any upside in the week.

Failure to move back through to $40 levels could see Litecoin come under further pressure.

A fall back through to sub-$37 levels would bring the first major support level at $30.38 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$30 levels…

At the time of writing, Litecoin was up by 2.34% to $39.29. A bullish start to the week saw Litecoin rise from an early morning low $37.97 to a high $39.71.

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

LTC/USD 22/03/20 Weekly Chart

Tron’s TRX

Tron’s TRX rallied by 15.45% in the week ending 21st March. Partially reversing a 42.41% tumble from the previous week, Tron’s TRX ended the week at $0.011256.

Tracking the broader market, Tron’s TRX struck a Sunday high $0.011173 before sliding to a Monday intraweek low $0.008502.

Steering clear of the first major support level at $0.0056, Tron’s TRX rallied to a Friday intraweek high $0.012737.

Falling well short of the first major resistance level at $0.01551, Tron’s TRX slid back to sub-$0.011 levels.

Finding late support on Friday and Saturday, Tron’s TRX consolidated a 13.48% gain from Thursday.

For the week ahead

Tron’s TRX would need to move back through to $0.012 levels to support a run at the first major resistance level at $0.01316.

Support from the broader market would be needed, however, for Tron’s TRX to break back out from last week’s high $0.012737

Barring an extended crypto rally in the week, the first major resistance level at $0.01316 should cap any upside.

Failure to move through to $0.012 levels could see Tron’s TRX struggle in the week.

A fall back through to sub-$0.011 levels would bring the first major support level at $0.00893 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.0080 levels.

At the time of writing, Tron’s TRX was up by 2.61% to $0.011550. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.011176 to a high $0.011600.

Tron’s TRX left the major support and resistance levels untested.

TRX/USD 22/03/20 Weekly Chart