Bitcoin Continues its Fight for Price and Place Under the Sun

Cryptomania

Strengthening of the first cryptocurrency is accompanied by increased trading volumes, confirming the strength of the positive dynamics. The altcoins at first repeated the decline after the bitcoin, now they have switched to growth. Ethereum (ETH) and EOS show the most optimistic picture with an increase of 6% and 7% respectively. The total capitalization of the crypto market has also fluctuated sharply over the last 24 hours, stabilizing near $200bn.

The Crypto Fear & Greed Index saw a deeper dive into the area of “extreme fear” on the back of increased market volatility. If we rely on the index data, now is the best investment opportunity. However, sharp price swings suggest that investors prefer short-term positioning. The decline to $6,600 was immediately repurchased, bringing prices back to the levels at the start of the week.

The short-term round level of $7,000 attracts traders’ attention. The mid-term technical picture is more tilted in favour of bears. On the daily charts, BTCUSD remains markedly below the 50 and 200-day averages (a sign of a downward trend), with the RSI out of the oversold zone, giving no buy signals.

While the participants of the crypto market are trying to assess the degree of the possible impact of halving on the bitcoin prospects, the creator of Silk Road Ross Ulbricht, currently serving several life sentences, continues to forecast bitcoin. Ulbricht is very optimistic about the prospects of the crypto market, expecting that the highs of December 2017 in the future will look like “low hills”. However, even he does not rule out a downfall to $3K before this.

Investors need an extraordinary firmness to enter the market at this price level, given the news of Chinese digital yuan testing. Of course, all this news is far from official releases. However, everybody understands that the planet is rapidly moving towards “digital”, and the appearance of such currency is a logical step.

While Western economies are struggling with the virus and 5G tower arsonists, China is using this leeway to gain a leading position in the digital economic field. The paper yuan won’t be able to compete with the dollar or the euro. Still, in the new digital world, which will become particularly relevant after the end of the epidemic, it will rightfully take its place.

So what will happen to Bitcoin, Ethereum, Litecoin, and other major digital coins after the launch of national digital currencies? The optimistic scenario suggests that all these projects will find their place in the new world. After all, we have a lot of currencies in developed and emerging economies. The main feature of the digital global economy will be de-anonymization. Therefore, at least partial anonymity of digital currencies that are not tied to central banks will be valued at a new level.

 by Alex Kuptsikevich, the FxPro senior financial analyst.

Altcoins Weekly Analysis – BNB, EOS and ETH – 08/12/19

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Binance Coin

Binance Coin fell by 0.57% in the week ending 7th December. Following on from a 3.3% slide from the previous week, Binance Coin ended the week at $15.65.

A bearish first half of the week saw Binance Coin fall on 3 of the 4 days. In spite of the downward trend, Binance Coin struck a Wednesday intraweek high $16.42.

Binance Coin fell short of the week’s first major resistance level at $16.89 before closing out Wednesday in the red.

The Wednesday pullback continued into Thursday, with Binance Coin falling to an early morning intraweek low $14.75.

Steering clear of the first major resistance level at $14.22, Binance Coin bounced back to $16 levels, supported by 2 consecutive days in the green.

The bearish sentiment ultimately weighed, however. A pullback on Friday from $16 levels and a 0.31% loss on Saturday left Binance Coin in the red for the week.

For the week ahead

Binance Coin would need to move through to $15.65 levels to support a run at the first major resistance level at $16.46.

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

Barring a broad-based crypto rally, however, Binance Coin would likely fall well short of $17 levels again.  Last week’s high $16.42 and the first major resistance level at $16.46 would likely cap any upside.

Failure to move through to $15.65 levels could likely see Binance Coin spend a 4th consecutive week in the red.

A fall back through to sub- $15 levels would bring the first major support level at $14.79 into play.

Barring another crypto meltdown, Binance Coin should steer clear of the second major support level at $13.94.

At the time of writing, Binance Coin was down by 1.47% to $15.42.

BNB/USD 08/12/19 Weekly Chart

EOS

EOS fell by 0.97% in the week ending 7th December. Partially reversing a 2.53% gain from the previous week, EOS ended the week at $2.7371.

Bucking the trend from the broader market, EOS rallied rose by 1.22% on Sunday, striking an intraweek high $2.8695.

Falling short of the first major resistance level at $2.9563, EOS slid by 3.53% on Monday and by 2.68% on Wednesday.

Minor support on Tuesday did little to hold off a slide to a Wednesday intraweek low $2.5804.

In spite of the reversal, EOS steered well clear of the first major support level at $2.4634.

Finding support on Thursday and Friday, EOS recovered to $2.75 levels before a 0.39% loss on Saturday.

Despite the Saturday pullback, EOS held onto $2.7 levels to limit the downside in the week.

For the week ahead

EOS would need to move through to $2.75 levels to support a run at the first major resistance level at $2.8776.

Support from the broader market would be needed, however, for EOS to break out from last week’s high $2.8695.

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

Failure to move through to $2.75 levels could see EOS spend a second consecutive week in the red.

A fall back through to sub-$2.70 levels would bring the first major support level at $2.5885 into play.

Barring a crypto meltdown, however, EOS should steer clear of the second major support level at $2.4399.

At the time of writing, EOS was down by 0.48% to $2.7239.

EOS/USD 08/12/19 Weekly Chart

Ethereum

Ethereum slid by 2.76% in the week ending 7th December. Following on from a 0.14% fall from the previous week, Ethereum ended the week at $147.43.

A choppy start to the week saw Ethereum visit $151 levels on Sunday before hitting reverse.

Ethereum saw 4 consecutive days in the red before finding support from the broader market. The reversal saw Ethereum fall to a Wednesday intraweek low $143.17.

Steering clear of the first major support level at $136.48, Ethereum struck an intraweek high $153.0 on the day.

Falling well short of the first major resistance level at $162.41, Ethereum fell back to sub-$150s to end the day in the red.

2 consecutive days in the green saw Ethereum come up against resistance at $150 before falling by 0.93% on Saturday to wrap up a bearish week.

For the week ahead

Ethereum would need to move back through to $148 levels to support a run at the first major resistance level at $152.56

Support from the broader market would be needed, however, for Ethereum to break through to $150 levels.

Barring an extended crypto rally, Ethereum would likely fall short of $160 levels in the week. The second major resistance level at $157.70 would likely limit any upside.

Failure to move back through to $150 levels could see Ethereum spend a 5th consecutive week in the red.

A pullback to sub-$145 levels would bring the first major support level at $142.73 into play before any recovery.

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

In the event of a meltdown, the second major support level at $138.04 would likely come into play.

At the time of writing, Ethereum was up by 0.4% to $147.49.

ETH/USD 08/12/19 Weekly Chart

Altcoins Weekly Analysis – BNB, EOS and ETH – 01/12/19

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Binance Coin

Binance Coin fell by 3.3% in the week ending 30th November. Following on from a 19.3% tumble from the previous week, Binance Coin ended the week at $15.73.

A bearish start to the week saw Binance Coin slide to a Monday intraweek low $13.88 before finding support.

Off the back of a 7.7% slide last Sunday, Binance Coin fell through the first major support level at $13.94.

Finding support through the middle of the week, Binance Coin rose to a Friday intraweek high $16.55.

In spite of 4 days in the green out of 5, Binance Coin fell well short of the first major resistance level at $19.52.

Going into Saturday, Binance Coin had been flat for the week. A 3.3% slide on the day left Binance Coin deep in the red at sub-$16 levels.

For the week ahead

Binance Coin would need to move through to $15.40 levels to support a run at the first major resistance level at $16.89.

Support from the broader market would be needed for Binance Coin to break out from $15 levels.

Barring a broad-based crypto rally, however, Binance Coin would likely fall well short of $17 levels.  Last week’s high $16.55 and the first major resistance level at $16.89 would likely cap any upside.

Failure to move through to $15.40 levels could likely see Binance Coin spend a 3rd consecutive week in the red.

A fall back through to sub- $15 levels would bring the first major support level at $14.22 into play.

Barring another crypto meltdown, Binance Coin should steer clear of sub-$14 support levels.

At the time of writing, Binance Coin was down by 4.47% to $15.03.

BNB/USD 01/12/19 Weekly Chart

EOS

EOS rose by 2.53% in the week ending 30th November. Partially reversing a 20.3% tumble from the previous week, EOS ended the week at $2.7642.

Tracking the broader market, EOS slid to a Monday intraweek low $2.3548 before finding support.

In spite of a 9.7% slide last Sunday, EOS steered clear of the first major support level at $2.2898.

Finding strong support through the rest of the week, EOS rallied to a Friday intraweek high $2.8477 before easing back.

While EOS bounced back with 4 days in the green out of 5, which included a 6.7% rally on Friday, EOS fell short of the first major resistance level at $3.2772.

A 1.65% fall on Saturday cut the upside for the week as the broader crypto market went into meltdown mode.

For the week ahead

EOS would need to steer clear of sub-$2.65 levels to support a run at the first major resistance level at $2.9563.

Support from the broader market would be needed, however, for EOS to break out from last week’s high $2.8477.

Barring a broad-based crypto rally in the week, resistance at $3.00 would likely cap any upside on the week.

Failure to steer clear of sub-$2.65 levels could see EOS reverse last week’s gain.

A fall back through to $2.50 levels would bring the first major support level at $2.4634 into play.

Barring a crypto meltdown, however, EOS should steer clear of the second major support level at $2.1627.

At the time of writing, EOS was down by 2.36% to $2.6991.

EOS/USD 01/12/19 Weekly Chart

Ethereum

Ethereum fell by 0.14% in the week ending 30th November. Following on from a 16.59% slide from the previous week, Ethereum ended the week at $151.78.

A particularly bearish start to the week saw Ethereum slide to a Monday intraweek low $131.8, with a 7.9% loss on Sunday doing the damage.

Ethereum fell through the first major support level at $136.48 before finding support.

Through the middle of the week, Ethereum saw green in 4 out of 5 days, leading to a Friday intraweek high $157.73.

In spite of the recovery, Ethereum fell well short of the first major resistance level at $179.57, leading to a Saturday pullback.

A 1.9% fall on Saturday left Ethereum in the red for the week.

For the week ahead

Ethereum would need to move back through to $147 levels to support a run at the first major resistance level at $162.41.

Support from the broader market would be needed, however, for Ethereum to break out from last week’s high $157.73.

Barring an extended crypto rally, Ethereum would likely fall short of $160 levels in the week.

Failure to move back through to $147 levels could see Ethereum spend a 4th consecutive week in the red.

A pullback to sub-$140 levels would bring the first major support level at $136.47 into play before any recovery.

Barring a crypto meltdown, however, Ethereum should continue to steer clear of sub-$130 levels in the week.

At the time of writing, Ethereum was down by 3.18% to $146.95.

ETH/USD 01/12/19 Weekly Chart

Altcoins Weekly Analysis – BNB, EOS and ETH – 24/11/19

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Binance Coin

Binance Coin tumbled by 19.3% in the week ending 23rd November. Reversing a 2.34% from the previous week, with interest, Binance Coin ended the week at $16.27

A relatively bullish start to the week saw Binance Coin strike a Sunday intraweek high $20.44 before hitting reverse.

Rising by just 0.09% on Sunday, however, Binance Coin fell well short of the week’s first major resistance level at 21.45.

The reversal saw Binance Coin fall for five consecutive days, leading to a Friday intraweek low $14.86.

Binance Coin slid through the week’s major support levels before finding much-needed support on Saturday.

Rallying by 4.97% on the day, Binance Coin broke back through the third major support level at $16.10 to reduce the deficit for the week.

For the week ahead

Binance Coin would need to move through to $17.20 levels to support a run at the first major resistance level at $19.52.

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

Barring a broad-based crypto rally, however, Binance Coin would likely fall well short of $19 levels and the first major resistance level.

In the event of a breakout, Binance Coin could return to $20 levels before any pullback.

Holding onto $16 levels at the start of the week will be key to avoiding another sell-off.

Failure to move through to $17.20 levels would likely see Binance Coin spend a 2nd consecutive week in the red.

A fall back through to last week’s low $14.86 would bring the first major support level at $13.94 into play.

Barring another crypto meltdown, Binance Coin should steer clear of sub-$13 support levels.

At the time of writing, Binance Coin was up by 0.04% to $16.27.

BNB/USD 24/11/19 Weekly Chart

EOS

EOS slumped by 20.3% in the week ending 23rd November. Following on from a 3.13% fall from the previous week, EOS ended the week at $2.6963.

Tracking the broader market, EOS eked out a 0.64% gain on Sunday, hitting an intraweek high $3.4515 before hitting reverse.

Falling well short of the first major resistance level at $3.6193, EOS fell through to a Friday intraweek low $2.4641.

The sell-off saw EOS fall through the week’s major support levels before a partial recovery on Saturday.

Finding support from the broader market on Saturday, EOS broke back through the third major support level at $2.6465.

A 2.65% gain on the day was of little consolation for the crypto bulls, however.

For the week ahead

EOS would need to move through to $2.87 levels to support a run at the first major resistance level at $3.2772.

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

Barring a broad-based crypto rally in the week, resistance at $3.00 would likely cap any upside on the week.

Failure to move through to $2.87 levels could see EOS spend a 3rd consecutive week in the red.

A fall back through last week’s low $2.4641 would bring the first major support level at $2.2898 into play.

Barring a crypto meltdown, however, EOS should steer clear of sub-$2.00 levels

At the time of writing, EOS was down by 1.38% to $2.6592.

EOS/USD 24/11/19 Weekly Chart

Ethereum

Ethereum slid by 16.59% in the week ending 23rd November. Following on from a 1.36% loss from the previous week, Ethereum ended the week at $152.00.

A relatively bullish start to the week saw Ethereum rise to Sunday intraweek high $186.26. In spite of a 0.89% gain on the day, Ethereum came up short of the first major resistance level at $187.56.

Pressured by a broad-based crypto meltdown, Ethereum tumbled to a Friday intraweek low $137.8.

Five consecutive days in the red saw Ethereum slide through the week’s major support levels before finding support.

In spite of a move back through to $150 levels, Ethereum failed to break back through the third major support level at $161.00.

For the week ahead

Ethereum would need to move through to $159 levels to support a run at $170 levels later in the week.

Support from the broader market would be needed, however, for Ethereum to break out from $160 levels.

Barring an extended crypto rally, Ethereum would likely fall well short of the first major resistance level at $179.57.

In the event of a crypto breakout, a visit to $170 levels would likely be as good as it gets.

Failure to move through to $159 could see Ethereum hit reverse in the week.

A pullback to sub-$150 levels would bring the first major support level at $131.11 into play before any recovery.

Barring a crypto meltdown, however, Ethereum should steer clear of sub-$130 levels in the week.

At the time of writing, Ethereum was down by 0.53% to $151.20.

ETH/USD 24/11/19 Weekly Chart

Altcoins Weekly Analysis – BNB, EOS and ETH – 17/11/19

Cryptomania

Binance Coin

Binance Coin rose by 2.34% in the week ending 16th November. Reversing a 2.42% loss from the previous week, Binance Coin ended the week at $20.16.

A choppy start to the week saw Binance Coin rise by 3.4% on Sunday to strike a day high $20.92 before hitting reverse.

Binance Coin broke through the first major resistance level at $20.85 to come up against the 23.6% FIB of $21.

The reversal saw Binance Coin slide to a Monday intraweek low $19.60 before finding support.

Steering clear of the first major support level at $18.87, Binance Coin rallied to a Wednesday intraweek high $21.81.

Reversing a 1.6% loss on Monday, two consecutive days in the green saw Binance Coin break back through the first major resistance level and 23.6% FIB.

A bearish 2nd half of the week weighed, however, with 3 consecutive days in the red seeing Binance Coin visit sub-$20 levels before wrapping up the week at $20 levels.

For the week ahead

Binance Coin would need to move through to $20.50 levels to support a run at the first major resistance level at $21.45.

Support from the broader market would be needed, however, for Binance Coin to break through the 23.6% FIB of $21.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $21.81 would likely cap any upside.

In the event of a breakout, Binance Coin could test the second major resistance level at $22.73 before any pullback.

Failure to move through to $20.50 levels could see Binance Coin hit reverse.

A fall back through to sub-$20 levels would bring the first major support level at $19.24 into play.

Barring a broad-based crypto sell-off, however, Binance Coin should steer clear of sub-$19 support levels.

At the time of writing, Binance Coin was down by 0.25% to $20.11.

BNB/USD 17/11/19 Weekly Chart

EOS

EOS fell by 3.13% in the week ending 16th November. Partially reversing a 4.50% gain from the previous week, EOS ended the week at $3.382.

A bullish start to the week saw EOS rally by 3% on Sunday, striking an intraweek high $3.69 before hitting reverse.

Falling short of the first major resistance level at $3.72, EOS saw 3 days in the red out of 4, leading to a Friday intraweek low $3.2862.

In spite of the sell-off, EOS steered clear of the first major support level at $3.2303. Finding support on Saturday, EOS rose by 1.28% on Saturday reduced the deficit for the week.

For the week ahead

EOS would need to move through to $3.45 levels to support a run at the first major resistance level at $3.6193.

Support from the broader market would be needed, however, for EOS to break back through to $3.60 levels.

Barring a broad-based crypto rally in the week, the first major resistance level and last week’s high $3.69 would likely cap any upside.

Failure to move through to $3.45 levels could see EOS spend another week in the red.

A fall back through to sub-$3.30 levels would bring the first major support level at $3.2155 into play.

Barring a crypto meltdown, however, EOS should steer well clear of the second major support level at $3.0489.

At the time of writing, EOS was up by 0.42% to $3.3964.

EOS/USD 17/11/19 Weekly Chart

Ethereum

Ethereum fell by 1.36% in the week ending 16th November. Reversing a 0.82% gain from the previous week, Ethereum ended the week at $182.25.

A bullish start to the week saw Ethereum rise by 2.2% on Sunday to strike an intraweek high $187.59 before hitting reverse.

Falling short of the first major resistance at $193.21, Ethereum fell back to $183 levels before finding support mid-week.

A recovery to $189 levels was short-lived, however, with Ethereum sliding to a Friday intraweek low $177.0.

The reversal saw Ethereum fall through the first major support level at $177.72 before finding support from the broader market.

A 1.37% gain on Saturday cut the deficit for the week.

For the week ahead

Ethereum would need to hold onto $182 levels to support the recovery of last week’s losses.

Support from the broader market would be needed, however, for Ethereum to break through the first major resistance level at $187.56.

Barring an extended crypto rally, the first major resistance level and last week’s high $187.59 would likely cap any upside.

In the event of a crypto breakout, the second major resistance level at $192.87 would likely come into play.

Failure to hold onto $182 levels could see Ethereum hit reverse in the week.

A pullback to sub-$180 levels would bring the first major support level at $176.97 into play before any recovery.

Barring a crypto meltdown, however, Ethereum should steer clear of the second major support level at $171.69.

At the time of writing, Ethereum was up by 0.37% to $182.93.

ETH/USD 17/11/19 Weekly Chart

Altcoins Weekly Analysis – BNB, EOS and ETH – 10/11/19

Cryptomania

Binance Coin

Binance Coin fell by 2.42% in the week ending 9th November. Partially reversing a 6.42% rally from the previous week, Binance Coin ended the week at $19.73.

A bearish start to the week saw Binance Coin fall to a Sunday low $19.72 before finding support.

Steering well clear of the first major support level at $18.24, Binance Coin rallied to a Monday intraweek high $21.11 before hitting reverse.

While falling short of the first major resistance level at $21.76, Binance Coin broke through the 23.6% FIB of $21.

In spite of 3 consecutive days in the green, Binance Coin eased back to $20 levels before 2 consecutive days in the red.

A 1.45% fall on Thursday and a 3.86% slide on Friday saw Binance Coin fall to an intraweek low $19.13 before finding support.

In spite of the pullback, Binance Coin steered clear of the first major support level at $18.24.

A 0.66% gain on Saturday to $19.7 levels was not enough to reverse the losses from the week.

For the week ahead

Binance Coin would need to move through to $20 levels to support a run at the first major resistance level at $20.85.

Support from the broader market would be needed, however, for Binance Coin to move back through to $20 levels.

In the event of a broad-based crypto rally, the 23.6% FIB of $21 would likely come into play. Barring an extended rally through the week, however, Binance Coin would likely come up short of the second major resistance level at $23.95.

Failure to move through to $20 levels could see Binance Coin take another hit. A fall through last week’s low $19.13 would bring the first major support level at $18.87 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of the second major support level at $18.01.

At the time of writing, Binance Coin was up by 0.4% to $19.81.

BNB/USD 10/11/19 Weekly Chart

EOS

EOS rose by 4.5% in the week ending 9th November. Following on from a 5.90% gain from the previous week, EOS ended the week at $3.4904.

A bearish start to the week saw EOS fall to a Sunday intraweek low $3.200 before finding support. In spite of a 1.63% loss on the day, EOS steered clear of the first major support level at $3.0903.

A bullish Monday and Tuesday saw EOS rally by 5.52% and by 4.94% respectively, to strike an intraweek high $3.69 before hitting reverse.

EOS broke through the first major resistance level at $3.5716 before seeing 3 consecutive days in the red.

EOS fell back to $3.31 levels before finding support. A move back through to $3.4 levels and a 2.41% gain on Saturday supported the upside for the week.

For the week ahead

EOS would need to move through to $3.50 levels to support a run at the first major resistance level at $3.7203.

Support from the broader market would be needed, however, for EOS to break through last week’s high $3.69.

Barring another bullish run through the week, last week’s high $3.69 and first major resistance level would likely cap any upside.

Failure to move through to $3.5 levels could see EOS hit reverse. A fall through to sub-$3.40 level would bring the first major support level at $3.2303 into play.

Barring an extended sell-off through the week, however, EOS should steer well clear of sub-$3.00 support levels.

At the time of writing, EOS was down by 0.81% to $3.4622.

EOS/USD 10/11/19 Weekly Chart

Ethereum

Ethereum rose by 0.82% in the week ending 9th November. Following on from a 1.79% gain from the previous week, Ethereum ended the week at $184.77.

A mixed start to the week saw Ethereum fall to a Sunday intraweek low $179.11 before finding support.

Steering clear of the first major support level at $175.59, Ethereum rallied to a Wednesday intraweek high $194.6.

Ethereum broke through the first major resistance level at $192.16 before sliding back to $180 levels.

Support at the end of the week saw Ethereum move back through to $184 levels to close out the week in positive territory.

After a 0.83% loss on Sunday, Ethereum saw 3 consecutive days in the green to hit the week intraweek high before easing back.

2 consecutive days in the red left Ethereum with modest gains for the week.

For the week ahead

Ethereum would need to move through to $186 levels to support a run at the first major resistance level at $193.21.

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

Barring an extended crypto rally through the week, Ethereum would likely continue to fall short of $200 levels.

Failure to move through to $190 levels could see Ethereum come under pressure. A fall through to last week’s low $179.11 would bring the first major support level at $177.72 into play.

Barring a crypto meltdown, however, Ethereum should steer clear of the second major support level at $170.67.

At the time of writing, Ethereum was down by 0.51% to $183.82.

ETH/USD 10/11/19 Weekly Chart

Altcoins Weekly Analysis – BNB, EOS and ETH – 03/11/19

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Binance Coin

Binance Coin rallied by 6.42% in the week ending 2nd November. Following on from a 4.14% gain from the previous week, Binance Coin ended the week at $20.22.

A bullish start to the week saw Binance Coin rally from a Sunday intraweek low $17.79 to a Monday intraweek high $21.31.

The early rally saw Binance Coin break through the 23.6% FIB of $21 and the first major resistance level at $21.15 before sliding back to sub-$20 on the day.

Finding further support on Tuesday, Binance Coin broke back through the 23.6% FIB and first major resistance level before hitting reverse.

Following 3 consecutive days in the green, Binance Coin saw 2 consecutive days in the red. The pullback saw Binance Coin fall back to $19 levels.

Steering clear of the major support levels, 2 consecutive days in the green provided much-needed support at the end of the week.

For the week ahead

Binance Coin would need to steer clear of sub-$19.80 levels to support a run at 23.6% FIB of $21 and the first major resistance level at $21.76.

Support from the broader market would be needed, however, for Binance Coin to break back through the 23.6% FIB.

In the event of a broad-based crypto rally, Binance Coin could test the second major resistance level at $23.29 before any pullback.

We would expect Binance Coin to fall well short of the 38.2% FIB of $24, however.

Failure to steer clear of sub-$19.80 levels could see Binance Coin test the first major support level at $18.24.

Barring an extended sell-off through the week, however, we would expect Binance Coin to steer clear of sub-$18 support levels.

At the time of writing, Binance Coin was up by 0.42% to $20.31.

BNB/USD 03/11/19 Weekly Chart

EOS

EOS rose by 5.90% in the week ending 2nd November. Following on from a 9.18% rally from the previous week, EOS ended the week at $3.3350.

A bullish start to the week saw EOS rally from an early Sunday intraweek low $3.0823 to a Monday intraweek high $3.5636.

The bullish start to the week saw EOS rally by 6.33% on Sunday to deliver the upside for the week.

In spite of the early moves, EOS left the major support and resistance levels untested early on.

It was a relatively choppy week, however, with EOS managing only 3 days in the green. Mid-week, EOS slid back to sub-$3.20 levels on Thursday before finding support.

EOS rose by 2.8% on Friday to $3.42 levels before easing back with another day in the red on Saturday.

For the week ahead

EOS would need to steer clear of sub-$3.30 levels to support a run at the first major resistance level at $3.5716.

Support from the broader market would be needed, however, for EOS to break out from last week’s high $3.5636.

Barring an extended rally through the week, last week’s high $3.5636 and first major resistance level would likely cap any upside.

Failure to steer clear of sub-$3.30 levels could see EOS give up gains from last week. A fall through to sub-$3.30 levels would bring the first major support level at $3.0903 into play.

Barring a crypto meltdown, however, EOS should steer clear of sub-$3 support levels in the week.

At the time of writing, EOS was up by 0.52% to $3.3522.

EOS/USD 03/11/19 Weekly Chart

Ethereum

Ethereum rose by 1.79% in the week ending 2nd November. Following on from a 4.64% gain from the previous week, Ethereum ended the week at $183.25.

A relatively bullish start to the week saw Ethereum rally from a Sunday intraweek low $176.84 to a Tuesday intraweek high $193.41.

In spite of a 2.4% gain on Sunday and a 5% rally on Tuesday, Ethereum came up short of the first major resistance level at $202.02.

2 consecutive days in the red, including a 4% slide on Wednesday saw Ethereum fall back to $177 levels.

Steering clear of the first major support level at $155.52, Ethereum broke back through to $183 levels. The late recovery delivered the upside on the week.

For the week ahead

Ethereum would need to steer clear of sub-$184.5 levels to support a run at the first major resistance level at $192.16.

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

Barring a broad-based crypto rally, Ethereum would likely come up short of last week’s high $193.41.

In the event of a crypto breakout, the second major resistance level at $201.07 could be tested.

Failure to steer clear of sub-$184.5 levels could see Ethereum hit reverse. A fall through to sub-$180 levels would bring the first major support level at $175.59 into play before any recovery.

Barring an extended sell-off through the week, Ethereum should continue to steer clear of sub-$170 support levels.

At the time of writing, Ethereum was up by 0.70% to $184.54.

ETH/USD 03/11/19 Weekly Chart

Altcoins Weekly Analysis – BNB, EOS and ETH – 27/10/19

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin rose by 4.14% in the week ending 26th October. Following on from a 6.05% gain from the previous week, Binance Coin ended the week at $18.995.

A bullish start to the week saw Binance Coin rise to a Sunday high $19.13, supporting a 1.6% gain before hitting reverse.

Coming within range of the first major resistance level at $19.24, Binance Coin slid to a Wednesday intraweek low $16.05.

3 consecutive days in the red saw Binance Coin fall through the first major support level at $17.16.

Finding support at the second major support level at $16.10, Binance Coin bounced back to a Saturday high $20.76, supported by 3 consecutive days in the green.

The rally saw Binance Coin break through the first major resistance level at $19.24 and second major resistance level at $20.26. In spite of the rally, Binance Coin came up short of the 23.6% FIB of $21.

Pressured by a broad-based reversal on Saturday, Binance Coin slid back to sub-$18 levels before recovering to end the day in the green.

For the week ahead

Binance Coin would need to steer clear of sub-$18.60 levels to support a run at the first major resistance level at $21.15 and 23.6% FIB of $21.

Support from the broader market would be needed, however, for Binance Coin to break back through to $20 levels.

In the event of a broad-based crypto rally, Binance Coin could visit $22 levels before any pullback.

We would expect Binance Coin to fall well short of the second major resistance level at $23.31, however.

Failure to steer clear of sub-$18.60 levels could see Binance Coin test the first major support level at $16.43.

Barring an extended sell-off through the week, however, we would expect Binance Coin to steer clear of sub-$16 support levels.

At the time of writing, Binance Coin was down by 1.76% to $18.66.

BNB/USD 27/10/19 Weekly Chart

EOS

EOS rallied by 9.18% in the week ending 26th October. Reversing a 6.24% slide from the previous week, EOS ended the week at $3.1464.

Relatively range-bound through the start of the week, EOS rose to a Tuesday high $3.0366 before hitting reverse.

Falling short of the first major resistance level at $3.1542, EOS slid to a Wednesday intraweek low $2.5322.

EOS fell through the first major support level at $2.6619 before finding support from a broad-based crypto rally.

Off the back of the broad-based crypto rally, EOS struck an early Saturday intraweek high $3.5759.

EOS broke through the first major resistance level at $3.1542 and second major resistance level at $3.4254 before sliding back to sub-$3.0 levels

Support late in the day on Saturday led to a move back through to $3.10 levels to deliver the upside for the week.

For the week ahead

EOS would need to steer clear of sub-$3.00 levels to support a run at the first major resistance level at $3.6375.

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

Barring an extended rally through the week, EOS would likely come up short of last week’s high $3.5759.

Failure to steer clear of sub-$3.00 levels could see EOS hit reverse. A fall through to sub-$2.80 levels would bring the first major support level at $2.5938 into play.

Barring a crypto meltdown, EOS should steer clear of sub-$2.5 support levels in the week.

At the time of writing, EOS was down by 1.22% to $3.1080.

EOS/USD 27/10/19 Weekly Chart

Ethereum

Ethereum rose by 4.64% in the week ending 26th October. Reversing a 4.27% fall from the previous week, Ethereum ended the week at $180.03.

Tracking the broader market, Ethereum rose to a Monday high $178 before hitting reverse.

Falling short of the first major resistance level at $184.33, Ethereum fell to a Wednesday intraweek low $153.0 before finding support from the broader market.

Ethereum fell through the first major support level at $164.09 and the second major support level at $156.10.

Off the back of a broad-based crypto rally, Ethereum rallied to a Saturday intraweek high $199.5 before sliding back.

Ethereum broke through the first major resistance level at $184.33 and the second major resistance level at $196.58.

A pullback on the day saw Ethereum slide back to $173 levels before recovering to $180 levels late in the day.

For the week ahead

Ethereum would need to steer clear of sub-$177.5 levels to support a run at $200 levels.

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

Barring a broad-based crypto rally, Ethereum would likely come up short of last week’s high $199.5.

In the event of a crypto breakout, the first major resistance level at $202.02 would likely limit any upside in the week.

Failure to steer clear of sub-$177.5 levels could see Ethereum hit reverse. A fall through to sub-$170 levels would bring the first major support level at $155.52 into play before any recovery.

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

At the time of writing, Ethereum was down by 0.69% to $178.79.

ETH/USD 27/10/19 Weekly Chart

Altcoins Weekly Analysis – BNB, EOS and ETH – 20/10/19

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin rose by 6.05% in the week ending 19th October. Following on from a 9.28% rally from the previous week, Binance Coin ended the week at $17.19.

A bullish start to the week saw Binance Coin rise to a Tuesday intraweek high $19.19 before easing back.

Off the back of 3 consecutive days in the green, Binance Coin broke through the first major resistance level at $18.59.

A Wednesday sell-off saw Binance Coin slide back to $17.2 levels before finding support.

Steering clear of the major support levels throughout the week, Binance Coin moved back to $18 levels to deliver the upside for the week.

For the week ahead

Binance Coin would need to move through to $18.20 levels to support a run at the first major resistance level at $19.24.

Support from the broader market would be needed, however, for Binance Coin to break through to $19 levels.

In the event of a broad-based crypto rally, Binance Coin could visit $20 levels before any pullback. We would expect the second major resistance level at $20.26 to limit any upside in the week, however.

Failure to move through to $18.20 levels could see Binance Coin test the first major support level at $17.16.

Barring an extended sell-off through the week, however, we would expect Binance Coin to steer clear of the second major support level at $16.10.

At the time of writing, Binance Coin was down by 0.90% to $18.07.

BNB/USD 20/10/19 Daily Chart

EOS

EOS slid by 6.24% in the week ending 19th October. Reversing a 2.55% gain from the previous week, EOS ended the week at $2.8830.

A bullish start to the week saw EOS rise to a Monday intraweek high $3.2043 before hitting reverse.

Falling well short of the first major resistance level at $3.3478, EOS slid back to a Friday intraweek low $2.7120.

The reversal saw EOS fall through the first major support level at $2.8286 before finding support.

4 days in the red out of 7 left EOS at sub-$3.00 levels for the week, with a 6.3% slide on Tuesday doing the damage.

For the week ahead

EOS would need to move through to $2.950 levels to support a run at the first major resistance level at $3.1542.

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

Barring an extended rally through the week, the first major resistance level and last week’s high $3.2043 would likely cap any upside.

Failure to move through to $2.950 levels could see EOS hit reverse. A fall through to sub-$2.80 levels would bring the first major support level at $2.6619 into play.

Barring a crypto meltdown, EOS should steer clear of sub-$2.5 support levels in the week.

At the time of writing, EOS was down by 0.98% to $2.8601.

EOS/USD 20/10/19 Daily Chart

Ethereum

Ethereum fell by 4.27% in the week ending 19th October. Reversing a 1.78% gain from the previous week, Ethereum ended the week at $172.09.

Tracking the broader market, Ethereum rose to a Tuesday intraweek high $188.58. In spite of 2 consecutive days in the green, Ethereum fell short of the first major resistance level at $196.03.

Bearish through the rest of the week, Ethereum fell to a Friday intraweek low $168.34.

Holding above the first major support level at $165.60, Ethereum recovered to $172 levels to limit the loss for the week.

For the week ahead

Ethereum would need to move through to $176.5 levels to support a run at the first major resistance level at $184.33.

Support from the broader market would be needed, however, for Ethereum to break back through to $180 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $188.58 would limit any upside.

In the event of a crypto breakout, Ethereum could visit $190 levels before any pullback.

Failure to move through to $176.5 levels could see Ethereum hit reverse. A fall through to $168 levels would bring the first major support level at $164.09 into play before any recovery.

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

At the time of writing, Ethereum was down by 0.91% to $170.52.

ETH/USD 20/10/19 Daily Chart

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

cryptocurrency Silver and gold Bitcoin,litecoin,ethereum on dollar banknote on golden table,Virtual Digital money on blockchain concept.financial business.crypto currency mining.

Binance Coin

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

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

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

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

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

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

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

For the week ahead

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

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

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

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

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

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

BNB/USD 13/10/19 Weekly Chart

EOS

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

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

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

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

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

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

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

For the week ahead

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

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

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

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

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

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

EOS/USD 13/10/19 Weekly Chart

Ethereum

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

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

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

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

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

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

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

For the week ahead

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

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

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

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

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

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

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

ETH/USD 13/10/19 Weekly Chart