Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 25/10/20

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

Binance Coin

Binance Coin rose by 1.42% in the week ending 24th October. Following on from a 6.48% from the week prior, Binance Coin ended the week at $30.67.

It was a choppy start to the week. Binance Coin rose to a Monday high $31.55 before falling to a Wednesday intraweek low $26.48.

Falling short of the resistance levels, Binance Coin fell through the first major support level at $27.94.

More significantly, Binance Coin also fell through the 23.6% FIB of $27.5 before striking a Wednesday intraweek high $32.43.

Coming up against the first major resistance level at $32.41, Binance Coin eased back to end the week at sub-$31 levels.

5 days in the green that included a 3.20% rally on Wednesday delivered the upside. A 3.65% slide on Tuesday, however, limited gains from the week.

For the week ahead

Binance Coin would need to avoid a fall through the $29.86 pivot to bring the first major resistance level at $33.24 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $32.43.

Barring another extended crypto rally, the first major resistance level would likely limit any upside in the week.

In the event of another crypto rally, could visit $35 levels and test the second major resistance level at $35.81.

Failure to avoid a fall through the $29.86 pivot would bring the first major support level at $27.29 and the 23.6% FIB of $27.5 into play.

Barring a crypto sell-off, Binance Coin should steer well clear of sub-$25 levels. The second major support level sits at $23.91.

At the time of writing, Binance Coin was up by 0.11% to $30.71. A mixed start to the week saw Binance Coin fall to an early Sunday morning low $30.49 before striking a high $30.78.

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

BNB/USD 25/10/20 Weekly Chart

Litecoin

Litecoin rallied by 26.36% in the week ending 24th October. Reversing a 3.95% slide from the previous week, Litecoin ended the week at $59.30.

It was a bullish start to the week. Litecoin rose to a Monday high $48.48 before hitting reverse.

Falling short of the first major resistance level at $50.44, Litecoin slid to a Tuesday intraweek low $46.45.

Steering clear of the first major support level at $44.53, Litecoin rallied to a Saturday intraweek high $59.67.

Litecoin broke through the first major resistance level at $50.44 and the second major resistance level at $53.95.

More significantly, Litecoin also broke through the 23.6% FIB of $54 come within range of the third major resistance level at $59.86.

6 days in the green which included a 13.14% breakout on Wednesday delivered the upside for the week. A 2.21% fall on Tuesday was the only blemish in the week.

For the week ahead

Litecoin would need to avoid a fall through the $55.14 pivot to support a run at the first major resistance level at $63.83.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $59.67.

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

In the event of a breakout, the second major resistance level at $68.36 would likely come into play.

Failure to avoid a fall through the $55.14 pivot would bring the 23.6% FIB of $54 and the first major support level at $50.61 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$50 levels. The second major support level sits at $41.92.

At the time of writing, Litecoin was down by 0.99% to $58.71. A Bearish start to the week saw Litecoin fall from an early Sunday high $59.24 to a low $57.82.

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

LTC/USD 25/10/20 Daily Chart

Tron’s TRX

Tron’s TRX rose by 5.29% in the week ending 24th October. Reversing a 2.44% decline from the previous week, Tron’s TRX ended the week at $0.02716.

A mixed start to the week saw Tron’s TRX fall to a Wednesday intraweek low $0.024155 before making a move.

Tron’s TRX fell through the first major support level at $0.02458 before striking a Wednesday intraweek high $0.029911.

The breakout saw Tron’s TRX move through the 23.6% FIB of $0.0291 and the first major resistance level at $0.02982.

A pullback from the week high, however, saw Tron’s TRX fall back to $0.0260 levels before closing out the week at $0.027 levels. The first major resistance level at $0.02765 pinned Tron’s TRX back late in the week.

5 days in the green that included a 3.44% rise on Wednesday delivered the upside for the week. A 1.75% fall on Friday limited the upside, however.

For the week ahead

Tron’s TRX would need to move back through the $0.02708 pivot to support a run at the 23.6% FIB of $0.0291 and the first major resistance level at $0.0300.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.02980 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $0.029911 would likely cap any upside.

In the event of an extended rally, the second major resistance level at $0.03283 would likely come into play.

Failure to move back through the $0.02708 pivot would bring the first major support level at $0.02424 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.02132.

At the time of writing, Tron’s TRX was down by 0.32% to 0.027076. A mixed start to the week saw Tron’s TRX fall to an early Sunday morning low $0.02681 before rising to a high $0.02721.

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

TRX/USD 25/10/20 Daily Chart

The Crypto Daily – Movers and Shakers – October 22nd, 2020

Bitcoin 1

Bitcoin, BTC to USD, rallied by 7.43% on Wednesday. Following on from a 1.43% gain on Tuesday, Bitcoin ended the day at $12,810.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $11,910.0 before making a move.

Steering clear of the first major support level at $11,733, Bitcoin rallied to a late intraday high $13,220.

Bitcoin broke through the day’s major resistance levels to visit $13,000 levels for the first time since July 2019.

A final hour pullback saw Bitcoin fall back to wrap the day at sub-$13,000 levels, however.

In spite of the pullback, Bitcoin avoided a fall back through the third major resistance level at $12,574.

The near-term bullish trend remained intact, supported by the latest move through to $13,000 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 bearish day on Wednesday.

Crypto.com Coin followed a 4.65% slide from Tuesday with a 3.85% fall. Polkadot also saw red, falling by 1.52% to buck the trend on the day.

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

Litecoin and Chainlink surged by 13.14% and by 9.95% respectively to lead the way.

Bitcoin Cash ABC (+6.33%) and Ethereum (+6.16%) also found strong support on the day.

Binance Coin (+3.19%), Bitcoin Cash SV (+4.56%), and Ripple’s XRP (+3.26%) trailed the front runners on the day.

For Bitcoin, Litecoin, and the broader market, news of PayPal planning to support Bitcoin and other true cryptos with its wallet and Venmo app delivered the surge. The support of cryptos is due to take place in 2021.

In the current week, the crypto total fell to a Tuesday low $347.77bn before surging to a Wednesday high $396.52bn. At the time of writing, the total market cap stood at $382.60bn.

Bitcoin’s dominance fell to a Monday low 60.14% before rising to a Wednesday high 62.42%. At the time of writing, Bitcoin’s dominance stood at 62.34%.

This Morning

At the time of writing, Bitcoin was up by 0.55% to $12,880.0. A mixed start to the day saw Bitcoin fall to an early morning low $12,802.1 before rising to a high $12,958.0.

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

Elsewhere, it was a mixed start to the day. Crypto.com and Polkadot were down by 1.85% and by 0.11% to buck the trend early on.

It was a bullish start to the day for the rest of the majors, however.

At the time of writing, Bitcoin Cash (+3.91%) and Litecoin (+2.39%) led the way.

BTC/USD 22/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $12,647 to bring the first major resistance level at $13,383 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $13,220.0.

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

In the event of another crypto breakout, Bitcoin could test resistance at $13,500 before any pullback. The second major resistance level sits at $13,957.

Failure to avoid a fall through the $12,647 pivot would bring the first major support level at $12,703 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$12,000 levels. The second major support level sits at $11,337.

Binance Coin Mid-Week Analysis – Support Levels in Play – 21/10/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Support

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

A mixed start to the week saw Binance Coin rise to a Monday current week high $31.55 before hitting reverse.

Falling short of the first major resistance level at $32.41, Binance Coin slid to a Tuesday current week low $27.76.

A 2nd consecutive day in the deep red saw Binance Coin fall through the first major support level at $27.94.

Steering clear of the 23.6% FIB of $27.50, however, Binance Coin moved back through to $28 levels to limit the downside.

The partial recovery saw Binance Coin break back through the first major support level at $27.94.

For the current week, Sunday through Tuesday, Binance Coin was down by 4.60% to $28.85.

2 consecutive days in the red that included a 3.61% slide on Tuesday delivered the downside early in the week.

The near-term bullish trend remained intact, supported by the latest rebound. For the bears, a fall through the 62% FIB of $17 would form a near-term bearish trend.

It has been a particularly bullish year in spite of a mid-year blip. Year-to-date, Binance Coin was up by 111.4%.

At the time of writing, Binance Coin was up by 1.20% to $29.20. A mixed start to the day saw Binance Coin fall to an early morning low $28.65 before rising to a high $29.45.

Binance Coin left the major support and resistance levels untested in the early part of Wednesday morning.

BNB/USD 21/10/20 Daily Chart

For the remainder of the week

Binance Coin would need to move back through the $30.11 pivot level to support a run at the first major resistance level at $32.41.

Support from the broader market would be needed, however, for Binance Coin to break back through to $32 levels.

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

In the event of an extended breakout, Binance Coin could visit $33 levels before any pullback. The second major resistance level sits at $34.58.

Failure to move back through the $30.11 pivot level would bring the first major support level at $27.94 back into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should avoid sub-$27 levels.

The 23.6% FIB of $27.5 should limit any downside in the 2nd half of the week.

Looking at the Technical Indicators

Major Support Level: $27.94

Major Resistance Level: $32.41

23.6% FIB Retracement Level: $27.5

38.2% FIB Retracement Level: $23.5

62% FIB Retracement Level: $17.00

The Crypto Daily – Movers and Shakers – October 20th, 2020

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

Bitcoin, BTC to USD, rallied by 2.08% on Monday. Following on from a 1.25% gain on Sunday, Bitcoin ended the day at $11,757.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $11,417.0 before making a move.

Finding support at the first major support level at $11,415, Bitcoin rallied to a late afternoon intraday high $11,828.0.

Bitcoin broke through the day’s major resistance levels before a slide back to sub-$11,700 levels.

The pullback saw Bitcoin fall through the third major resistance level at $11,778.

Finding late support, however, Bitcoin briefly revisited $11,780 levels before easing back. The third major resistance level pinned Bitcoin back late in the day.

The near-term bullish trend remained intact, supported by the latest move back through to $11,000 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.

Crypto.com Coin and Polkadot slid by7.99% and by 5.04% respectively to lead the way down.

Binance Coin (-2.44%), Bitcoin Cash SV (-0.49%) and Chainlink (-0.30%) also saw red.

It was a bullish day for the rest of the majors, however.

Cardano’s ADA (+1.03%) and Ripple’s XRP (+1.42%) led the way.

Bitcoin Cash ABC (+0.59%), Ethereum (+0.21%), and Litecoin (+0.92%) saw relatively modest gains.

At the start of the week, the crypto total market fell to a Monday low $350.66bn before rising to a $361.11bn high. At the time of writing, the total market cap stood at $357.73bn.

Bitcoin’s dominance rose from a Monday low 60.14% to a Monday high 60.68%. At the time of writing, Bitcoin’s dominance stood at 60.66%.

This Morning

At the time of writing, Bitcoin was down by 0.23% to $11,729.7. A mixed start to the day saw Bitcoin rise to an early morning $11,760.0 high before falling to an $11,729.0 low.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash ABC (+0.34%) and Bitcoin Cash SV (+0.21%) bucked the trend early on.

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

At the time of writing, Crypto.com Coin was down by 2.33% to lead the way down.

BTC/USD 20/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $11,667 to bring the first major resistance level at $11,918 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from Monday’s $11,828.0 high.

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

In the event of another crypto breakout, Bitcoin could test the second major resistance level sits at $12,078.

Failure to avoid a fall through the $11,667 pivot would bring the first major support level at $11,507 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$11,500 levels. The second major support level sits at $11,256.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 18/10/20

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

Binance Coin

Binance Coin rallied by 6.48% in the week ending 17th October. Following on from a 0.74% gain from the week prior, Binance Coin ended the week at $30.25.

It was a bullish start to the week. Binance Coin rallied to from a Sunday intraweek low $27.8 to a Thursday intraweek high $32.27.

The rally saw Binance Coin break through the first major resistance level at $29.88 and the second major resistance level at $31.34.

A Friday sell-off, however, saw Binance Coin fall back to sub-$30 levels before finding support.

The pullback saw Binance Coin fall back through the second major resistance level to wrap up the week at $30 levels.

6 days in the green that included a 7.41% rally on Monday delivered the upside. A 4.29% slide on Friday limited the gains for the week, however.

For the week ahead

Binance Coin would need to avoid a fall through the $30.11 pivot to bring the first major resistance level at $32.41 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $32.27.

Barring another extended crypto rally, the first major resistance level would likely limit any upside in the week.

In the event of another crypto rally, Binance Coin could visit $33 levels and test the second major resistance level at $34.58.

Failure to avoid a fall through the $30.11 pivot would bring the first major support level at $27.94 and the 23.6% FIB of $27.5 into play.

Barring a crypto sell-off, Binance Coin should steer well clear of the second major support level at $25.64.

At the time of writing, Binance Coin was up by 1.32% to $30.65. A bullish start to the week saw Binance Coin rise from an early Sunday morning low $30.15 to a high $30.98.

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

BNB/USD 18/10/20 Daily Chart

Litecoin

Litecoin slid by 3.95% in the week ending 17th October. Partially reversing a 7.35% rally from the previous week, Litecoin ended the week at $46.93.

It was also a bullish start to the week. Litecoin rose to a Monday intraweek high $51.55 before hitting reverse.

Litecoin broke through the first major resistance level at $51.24 before sliding to a Friday intraweek low $45.64.

Litecoin fell through the first major support level at $45.79 before a partial recovery to wrap up the week at $46 levels.

5 consecutive days in the red, which included a 3.93% slide on Friday delivered the downside for the week. A 3.23% rally on Sunday limited the downside, however.

For the week ahead

Litecoin would need to move through the $48.04 pivot to support a run at the first major resistance level at $50.44.

Support from the broader market would be needed, however, for Litecoin to break back through to $50 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $51 would likely limit any upside.

In the event of a breakout, the second major resistance level at $53.95 and the 23.6% FIB of $54 would likely come into play.

Failure to move through the $48.04 pivot would bring the first major support level at $44.53 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $42.13.

At the time of writing, Litecoin was up by 0.43% to $47.13. A relatively bullish start to the week saw Litecoin rise from an early Sunday morning low $46.81 to a high $47.91.

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

LTC/USD 18/10/20 Daily Chart

Tron’s TRX

Tron’s TRX fell by 2.44% in the week ending 17th October. Following on from a 2.40% decline from the previous week, Tron’s TRX ended the week at $0.02580.

A mixed start to the week saw Tron’s TRX rise to a Monday intraweek high $0.02827 before hitting reverse.

Tron’s TRX broke through the first major resistance level at $0.02792 before falling to a Friday intraweek low $0.02520.

Steering clear of the first major support level at $0.02486, Tron’s TRX revisited $0.0259 levels before easing back.

4 days in the red that included a 2.93% slide on Friday delivered the downside for the week. A 2.30% rally on Monday, limited the downside, however.

For the week ahead

Tron’s TRX would need to move through the $0.02642 pivot to support a run at the first major resistance level at $0.02765.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.027 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $0.02827 would likely cap any upside.

In the event of an extended rally, the 23.6% FIB of $0.0291 and the second major resistance level at $0.02949 would likely come into play.

Failure to move through the $0.02642 pivot would bring the first major support level at $0.02458 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.02335.

At the time of writing, Tron’s TRX was down by 0.33% to $0.02572. A mixed start to the week saw Tron’s TRX fall to an early Sunday morning low $0.02555 before rising to a high $0.02589.

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

TRX/USD 18/10/20 Daily Chart

The Crypto Daily – Movers and Shakers – October 15th, 2020

crypto currency mining concept

Bitcoin, BTC to USD, slipped by 0.02% on Wednesday. Following a 1.02% fall from Tuesday, Bitcoin ended the day at $11,440.0.

It was a mixed start to the day. Bitcoin rose to an early morning high $11,500 before hitting reverse.

Coming up against resistance at $11,500, Bitcoin fell to a mid-day low $11,376.0.

Steering clear of the major support levels, Bitcoin rose to an early afternoon intraday high $11,564.0.

Coming up against the first major resistance level at $11,567, Bitcoin fell to a mid-afternoon intraday low $11,309.0.

Bitcoin fell through the first major support level at $11,325 before recovering to $11,440 levels.

The near-term bullish trend remained intact, supported by the latest move back through to $11,000 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 Wednesday.

Binance Coin and Bitcoin Cash ABC rose by 0.26% and by 0.78% respectively to buck the trend.

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

Crypto.com Coin led the way down, sliding by 5.55%.

Cardano’s ADA (-2.18%), Polkadot (-1.61%), and Ripple’s XRP (-2.83%) also saw relatively heavy losses.

Bitcoin Cash SV (-0.22%), Chainlink (-0.91%), Ethereum (-0.63%), Litecoin (-0.24%) saw relatively modest losses on the day.

In the current week, the crypto total market slid to a Monday low $344.29bn before rising to a Monday high $365.23bn. At the time of writing, the total market cap stood at $351.85bn.

Bitcoin’s dominance fell to a Monday low 59.47% before rising to a Wednesday high 60.17%. At the time of writing, Bitcoin’s dominance stood at 60.01%.

This Morning

At the time of writing, Bitcoin was down by 0.14% to $11,424.1. A bearish start to the day saw Bitcoin fall from an early morning high $11,440.0 to a low $11,424.1.

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

Elsewhere, it was also a bearish start to the day.

At the time of writing, Bitcoin Cash SV was down by 0.98% to lead the way down.

BTC/USD 15/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $11,438 to bring the first major resistance level at $11,566 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $11,500 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $11,564.0 would likely cap any upside.

In the event of another crypto breakout, Bitcoin could test resistance at $11,700 before any pullback. The second major resistance level sits at $11,693.

Failure to move back through the $11,438 pivot would bring the first major support level at $11,311 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of the second major support level at $11,183.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 14/10/20

Closeup hand holding bitcoin over the Cryptocurrency trading scr

Binance Coin Price Resistance

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

A mixed start to the week saw Binance Coin fall to a Sunday current week low $27.80 before making a move.

Steering clear of the 23.6% FIB of $27.5 and the first major support level at $26.67, Binance Coin rallied to a Tuesday intraweek high $31.98.

Binance Coin broke the first major resistance level at $29.88 and the second major resistance level at $31.34.

A pullback to sub-$31 levels on Tuesday, however, saw Binance Coin fall back through the second major resistance level.

For the current week, Sunday through Tuesday, Binance Coin was up by 8.20% to $30.74.

3 consecutive days in the green that included a 7.41% rally on Monday delivered the upside early in the week.

The near-term bullish trend remained intact, supported by the latest rebound. For the bears, a fall through the 62% FIB of $17 would form a near-term bearish trend.

It has been a particularly bullish year in spite of a mid-year blip. Year-to-date, Binance Coin was up by 125.2%.

At the time of writing, Binance Coin was up by 0.09% to $30.77. A mixed start to the day on Wednesday saw Binance Coin fall to a Wednesday morning low $30.50 before rising to a high $31.13.

While falling short of the second major resistance level at $31.34, Binance Coin continued to hold above the first major resistance level.

BNB/USD 14/10/20 Daily Chart

For the remainder of the week

Binance Coin would need to move back through to $31 levels to support another run at the second major resistance level at $31.34.

Support from the broader market would be needed, however, for Binance Coin to break back through to $31 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $32 would likely limit any upside.

In the event of an extended breakout, Binance Coin could visit $33 levels before any pullback. The third major resistance level sits at $34.55.

Failure to move back through to $31 levels could bring sub-$30 back into play. Barring an extended sell-off, however, Binance Coin should steer clear of the pivot level at $28.13 and the major support levels.

The first major support level sits at $26.67.

Looking at the Technical Indicators

Major Support Level: $26.67

Major Resistance Level: $29.88

23.6% FIB Retracement Level: $27.5

38.2% FIB Retracement Level: $23.5

62% FIB Retracement Level: $17.00

The Crypto Daily – Movers and Shakers – October 13th, 2020

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

Bitcoin, BTC to USD, rose by 1.55% on Monday. Following on from a 0.68% gain on Sunday, Bitcoin ended the day at $11,560.0.

It was a bearish start to the day. Bitcoin fell to a late morning intraday low $11,111.0 before making a move.

Bitcoin fell through the first major support level at $11,293 and the second major support level at $11,200.

Finding support going into the afternoon, Bitcoin rallied to a late intraday high $11,740.0.

Bitcoin broke through the day’s major resistance levels before sliding back to sub-$11,520 levels.

The pullback saw Bitcoin fall back through the third major resistance level at $11,715 and the second major resistance level at $11,543.

A late move back through to $11,560 levels, however, saw Bitcoin break back through the second major resistance level.

The near-term bullish trend remained intact, supported by the latest move back through to $11,000 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.

Bitcoin Cash SV fell by 1.30% to buck the trend on the day.

It was a bullish day for the rest of the majors. Binance Coin and Chainlink rallied by 7.39% and by 5.20% respectively to lead the way.

Cardano’s ADA (+2.63%) and Ethereum (+3.30%) also found strong support.

Bitcoin Cash ABC (+0.71%), Crypto.com Coin (+0.13%), Litecoin, (+0.28%), Polkadot (+0.21%), and Ripple’s XRP (+0.30%) trailed the front runners.

At the start of the week, the crypto total market slid to a Monday low $346.01bn before rising to a Monday high $363.26bn. At the time of writing, the total market cap stood at $356.03bn.

Bitcoin’s dominance rose to a Monday high 59.96% before falling to a Monday low 59.65%. At the time of writing, Bitcoin’s dominance stood at 59.67%.

This Morning

At the time of writing, Bitcoin was down by 0.62% to $11,488.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,564.6 before falling to a low $11,457.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (+0.47%), Cardano’s ADA (+0.52%), and Polkadot (+0.26%) found early support.

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

At the time of writing Crypto.com Coin was down by 0.71% to lead the way down.

BTC/USD 13/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $11,470 to bring the first major resistance level at $11,830 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from Monday’s high $11,740.0.

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

In the event of another crypto breakout, Bitcoin could test resistance at $12,000 before any pullback. The second major resistance level sits at $12,099.

Failure to avoid a fall back through the $11,470 pivot would bring the first major support level at $11,201 into play.

Barring an extended crypto sell-off, however, Bitcoin should to steer clear of sub-$11,000 levels. The second major support level sits at $10,841.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 11/10/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin rose by 0.74% in the week ending 10th October. Following on from a 7.71% rally from the week prior, Binance Coin ended the week at $28.41.

It was a mixed start to the week. Binance Coin rose to a Monday intraweek high $29.60 before hitting reverse.

Falling short of the first major resistance level at $30.32, Binance Coin slid to a Thursday intraweek low $26.39.

The pullback saw Binance Coin fall through the 23.6% FIB of $27.50 before finding support.

Steering clear of the first major support level at $25.65, Binance Coin recovered to $28 levels to end the week in the green.

4 days in the green that included a 2.68% rally on Sunday delivered the upside. A 3.20% slide on Tuesday limited the gains for the week, however.

For the week ahead

Binance Coin would need to move back through the $28.13 pivot to bring the first major resistance level at $29.88 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $29.60.

Barring another extended crypto rally, the first major resistance level would likely limit any upside in the week.

In the event of another crypto rally, the second major resistance level at $31.34 and $33 levels could come into play.

Failure to move back through the $28.13 pivot would bring 23.6% FIB of $27.5 and the first major support level at $26.67 into play.

Barring a crypto sell-off, Binance Coin should steer well clear of sub-$25 levels and the 38.2% FIB of $23.5 in the week.

The second major support level sits at $24.92.

At the time of writing, Binance Coin was down by 1.01% to $28.12. A bearish start to the week on Sunday saw Binance Coin fall from an early Sunday morning high $28.69 to a low $27.88.

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

BNB/USD 11/10/20 Daily chart

Litecoin

Litecoin rallied by 7.35% in the week ending 10th October. Reversing a 1.13% fall from the previous week, Litecoin ended the week at $48.90.

It was also a mixed start to the week. Litecoin rose to a Tuesday high $48.22 before hitting reverse.

Coming up against the first major resistance level at $48.27, Litecoin fell to a Wednesday intraweek low $45.03.

Steering clear of the first major support level at $43.03, Litecoin bounced back to a Saturday intraweek high $50.48.

Litecoin broke through the first major resistance level at $48.27 to close out the day at $48.9 levels.

5 days in the green, which included a 2.55% rally on Sunday and 2.26% rally on Saturday delivered the upside for the week.

For the week ahead

Litecoin would need to avoid a fall through the $48.14 pivot to support a run at the first major resistance level at $51.24.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $50.48.

Barring an extended crypto rally, the first major resistance level and resistance at $52 would likely limit any upside.

In the event of a breakout, the second major resistance level at $53.59 and the 23.6% FIB of $54 would likely come into play.

Failure to avoid a fall through the $48.14 pivot would bring the first major support level at $45.79 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $42.69.

At the time of writing, Litecoin was up by 0.74% to $49.26. A mixed start to the week saw Litecoin fall to an early Sunday morning low $48.71 before striking a high $49.33.

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

LTC/USD 11/10/20 Daily Chart

Tron’s TRX

Tron’s TRX fell by 2.42% in the week ending 10th October. Reversing a 0.29% gain from the previous week, Tron’s TRX ended the week at $0.026445.

It was bearish through most of the week once more. Tron’s TRX fell from a Sunday high $0.02782 to a Thursday intraweek low $0.02476 before finding support.

Steering clear of the first major support level at $0.02459, Tron’s TRX recovered to $0.0277 levels on Saturday before falling back into the red.

3 days in the red that included a 2.82% slide on Sunday and a 2.96% fall on Tuesday delivered the downside for the week.

For the week ahead

Tron’s TRX would need to avoid a fall back through the $0.02634 pivot to support a run at the first major resistance level at $0.02792.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.02782.

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

In the event of an extended rally, the 23.6% FIB of $0.0291 and the second major resistance level at $0.02940 would likely come into play.

Failure to avoid a fall back through the $0.02634 pivot would bring the first major support level at $0.02486 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.02328.

At the time of writing, Tron’s TRX was down by 0.14% to $0.026408. A mixed start to the week saw Tron’s TRX fall to an early Sunday morning low $0.02605 before rising to a high $0.02668.

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

TRX/USD 11/10/20 Daily Chart

The Crypto Daily – Movers and Shakers – October 8th, 2020

Closeup hand holding bitcoin over the Cryptocurrency trading scr

Bitcoin, BTC to USD, rose by 0.70% on Wednesday. Partially reversing a 1.79% fall from Tuesday, Bitcoin ended the day at $10,687.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low of $10,563.0 before making a move.

Steering clear of the first major support level at $10,501, Bitcoin rose to a late intraday high $10,691.0.

Coming up short the first major resistance level at $10,773, Bitcoin eased back to end the day at $10,680 levels.

The near-term bullish trend remained intact, in spite of the pullback to sub-$11,000 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 Wednesday.

Crypto.com Coin fell by 1.27% to buck the trend on the day.

It was a bullish day for the rest of the majors, however.

Bitcoin Cash SV rallied by 2.85% to lead the way.

Bitcoin Cash ABC (+1.94%), Chainlink (+2.33%), Litecoin (+1.22%), Polkadot (+2.18%), and Ripple’s XRP (+1.31%) also made solid gains.

Binance Coin (+0.02%), Cardano’s ADA (+0.97%), and Ethereum (+0.26%) saw modest gains on the day.

In the current week, the crypto total market rose to a Monday high of $338.14bn before sliding to a Wednesday low of $322.55bn. At the time of writing, the total market cap stood at $328.13bn.

Bitcoin’s dominance fell to a Monday low 59.15% before rising to a Tuesday high 61.29%. At the time of writing, Bitcoin’s dominance stood at 60.07%.

This Morning

At the time of writing, Bitcoin was down by 0.20% to $10,666.0. A mixed start to the day saw Bitcoin rise to an early morning high of $10,688.0 before falling to a low $10,664.2.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (+0.08%) and Crypto.com Coin (+0.07%) avoided the red to buck the trend early on.

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

At the time of writing, Cardano’s ADA was down by 0.94% to lead the way down.

BTC/USD 08/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $10,647 to bring the first major resistance level at $10,731 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $10,700 levels.

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 resistance at $10,800 before any pullback. The second major resistance level sits at $10,775.

Failure to avoid a fall through the $10,647 pivot would bring the first major support level at $10,603 into play.

Barring an extended crypto sell-off, however, Bitcoin should continue to steer clear of sub-$10,500 support levels. The second major support level at $10,519 should limit any downside.