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

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

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

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 04/10/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin

Binance Coin rose by 7.71% in the week ending 3rd October. Reversing a 3.57% decline from the week prior, Binance Coin ended the week at $28.23.

It was a mixed start to the week. Binance Coin fell to a Sunday intraweek low $25.16 before making a move.

Steering clear of the first major support level at $22.93, Binance Coin rallied to a Wednesday intraweek high $29.83.

Binance Coin broke through the 23.6% FIB of $27.5 and the first major resistance level at $28.52.

2 consecutive days in the red then saw Binance Coin fall back to sub-$26 levels before a Saturday recovery.

The Saturday recovery saw Binance Coin break back through the23.6% FIB to wrap up the week at $28 levels.

Resistance at the first major resistance level at $28.52 pinned Binance Coin back at the end of the week.

5 days in the green that included a 7.07% rally on Tuesday delivered the upside. A 6.15% slide on Wednesday limited the gains for the week, however.

For the week ahead

Binance Coin would need to avoid a fall through the $27.74 pivot to bring the first major resistance level at $30.32 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $29.83.

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 $32.41 and $33 levels could come into play.

Failure to avoid a fall through the $27.74 pivot would bring 23.6% FIB of $27.5 and the first major support level at $25.65 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 $23.07.

At the time of writing, Binance Coin was up by 0.11% to $28.26. A mixed start to the week saw Binance Coin rise to an early Sunday high $28.58 before falling to a low $27.96.

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

BNB/USD 04/10/20 Daily Chart

Litecoin

Litecoin fell by 1.14% in the week ending 3rd October. Following on from a 5.01% slide from the previous week, Litecoin ended the week at $45.54.

It was also a mixed start to the week. Recovering from 2 days in the red, Litecoin rallied to a Thursday intraweek high $48.49 before hitting reverse.

Falling short of the first major resistance level at $49.17, Litecoin fell to a Friday intraweek low $43.25.

Steering clear of the first major support level at $42.29, Litecoin recovered to $45 levels to limit the loss for the week.

4 days in the red, which included a 2.64% slide on Thursday, delivered the downside for the week.

For the week ahead

Litecoin would need to move through the $45.76 pivot to support a run at the first major resistance level at $48.27.

Support from the broader market would be needed, however, for Litecoin to break back through to $48 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $50 would likely limit any upside.

In the event of a breakout, the second major resistance level at $51.00 would likely come into play.

Failure to move through the $45.76 pivot would bring the first major support level at $43.03 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$40 levels. The second major support level at $40.52 should limit any downside.

At the time of writing, Litecoin was down by 0.07% to $45.51. A mixed start to the week saw Litecoin rise to an early Sunday morning high $45.82 before falling to a low $45.31.

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

LTC/USD 04/10/20 Daily Chart

Tron’s TRX

Tron’s TRX rose by 0.29% in the week ending 3rd October. Following on from a 1.14% decline from the previous week, Tron’s TRX ended the week at $0.02723.

It was bearish through most of the week. Tron’s TRX fell from a Sunday high $0.027666 to a Friday intraweek low $0.023978 before finding support.

The reversal saw Tron’s TRX fall through the first major support level at $0.02440.

A bullish end to the week, however, saw Tron’s TRX rally to a Saturday intraweek high $0.02864 before easing back.

Falling short of the first major resistance level at $0.02972 and the 23.6% FIB of $0.0291, Tron’s TRX wrapped up the week at sub-$0.028 levels.

3 days in the green that included a 5.49% rally on Saturday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid a fall back through the $0.02662 pivot to support a run at the 23.6% FIB of $0.0291 and the first major resistance level at $0.02925.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.02864.

Barring a broad-based crypto rally, the first major resistance level and 23.6% FIB would likely cap any upside.

In the event of an extended rally, the second major resistance level at $0.03128 would likely come into play.

Failure to avoid a fall back through the $0.02662 pivot would bring the first major support level at $0.02459 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.02196.

At the time of writing, Tron’s TRX was down by 1.58% to $0.026797. A mixed start to the week saw Tron’s TRX rise to an early Sunday morning high $0.02747 before falling to a low $0.02652.

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

TRX/USD 04/10/20 Daily Chart

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 27/09/20

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

Binance Coin

Binance Coin fell by 3.57% in the week ending 26th September. Following on from a 4.70% decline from the week prior, Binance Coin ended the week at $26.20.

It was a bearish start to the week. Binance Coin slid from a Sunday intraweek high $26.80 to a Monday intraweek low $21.98.

Falling short of the major resistance levels, Binance Coin fell through the first major support level at $24.47. More significantly, Binance Coin also fell through the 38.2% FIB of $23.5.

Coming within range of the second major support level at $21.75, bounced back to $26 levels on Saturday.

The partial recovery saw Binance break back through the 38.2% FIB and the first major support level.

3 days in the red that included a 12.29% slide on Monday did the damage. 3 consecutive days in the green at the end of the week limited the downside, however.

For the week ahead

Binance Coin would need to avoid a fall through the $25.25 pivot to bring the 23.6% FIB of $27.5 and the first major resistance level at $28.52into play.

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

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 $30.84 could come into play.

Failure to avoid a fall through the $25.25 pivot would bring 38.2% FIB and the first major support level at $22.93 into play.

Barring a crypto sell-off, Binance Coin should steer well clear of sub-$20 levels in the week.

The second major support level sits at $19.66.

At the time of writing, Binance Coin was up by 1.92% to $26.70. A bullish start to the week saw Binance Coin rise from an early Sunday low $26.05 to a high $26.85.

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

BNB/USD 27/09/20 Daily Chart

Litecoin

Litecoin slid by 5.01% in the week ending 26th September. Following on from a 4.66% fall from the previous week, Litecoin ended the week at $46.06.

It was also a bearish start to the week. Litecoin slid from a Sunday intraweek high $48.52 to a Monday intraweek low $41.64 before finding support.

The sell-off saw Litecoin fall through the first major support level at $46.64 and the second major support level at $44.79.

Finding support in the 2nd half of the week, Litecoin broke back through the second major support level to end the week at $46 levels.

The first major support level at $46.64 pinned Litecoin back late in the week.

3 days in the red, which included an 8.41% slide on Monday, delivered the downside for the week.

A run of 3 consecutive days in the green in the 2nd half of the week cut the deficit, however.

For the week ahead

Litecoin would need to avoid a fall through the $45.41 pivot to support a run at the first major resistance level at $49.17.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $48.52.

Barring an extended crypto rally, the first major resistance level and resistance at $50 would likely limit any upside.

In the event of a breakout, the second major resistance level at $52.29 would likely come into play.

Failure to avoid a fall through the $45.41 pivot would bring the first major support level at $42.29 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$40 and the second major support level at $38.53.

At the time of writing, Litecoin was up by 0.61% to $46.34. A bullish start to the day saw Litecoin rise from an early morning low $46.00 to a high $46.34.

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

LTC/USD 27/09/20 Daily Chart

Tron’s TRX

Tron’s TRX fell by 1.14% in the week ending 26th September. Following on from a 15.30% tumble from the previous week, Tron’s TRX ended the week at $0.027566.

It was a bearish 1st half of the week. Tron’s TRX fell from a Sunday high $0.028031 to a Wednesday intraweek low $0.024028 before finding support.

The reversal saw Tron’s TRX fall through the first major support level at $0.02424 before recovering to $0.027 levels.

A bullish 2nd half of the week saw Tron’s TRX strike a Saturday intraweek high $0.029349 before falling back to $0.027 levels.

The 23.6% FIB of $0.0291 pinned Tron’s TRX back at the end of the week.

3 days in the red that included a 7.78% slide on Monday delivered the downside. A 5.86% rally on Thursday and a 3.98% gain on Friday limited the downside for the week, however.

For the week ahead

Tron’s TRX would need to avoid a fall through the $0.02688 pivot to support a run at the 23.6% FIB and the first major resistance level at $0.02972.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.02935.

Barring a broad-based crypto rally, the first major resistance level and resistance at $0.030 would likely cap any upside.

In the event of an extended rally, the second major resistance level at $0.03220 would likely come into play.

Failure to avoid a fall through the $0.02688 pivot would bring the first major support level at $0.02440 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.02156.

At the time of writing, Tron’s TRX was up by 0.29% to $0.02733. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.02702 before rising to a high $0.027451.

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

TRX/USD 27/09/20 Daily Chart

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

Cryptomania

Bitcoin, BTC to USD, slid by 4.57% on Monday. Following on from a 1.47% decline on Sunday, Bitcoin ended the day at $10,435.0.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $11,000.0 before hitting reverse.

Falling short of the first major resistance level at $11,095, Bitcoin slid to an early afternoon intraday low $10,321.0.

Bitcoin fell through the first major support level at $10,777 and the second major support level at $10,618.

Finding late support, however, Bitcoin tested resistance at $10,500 before wrapping up the day at $10,435.0.

The near-term bullish trend remained intact, supported by the latest pullback. 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 start to the week.

Cardano’s ADA and Tezos led the way down with losses of 10.73% and 11.06% respectively.

Bitcoin Cash ABC (-5.98%), EOS (-6.31%), Ethereum (-8.33%), Litecoin (-8.43%), Ripple’s XRP (-6.39%), Stellar’s Lumen (-8.98%), and Tron’s TRX (-7.76%) also saw heavy losses.

Binance Coin (-2.41%), Bitcoin Cash SV (-0.75%), and Monero’s XMR (-3.34%) saw relatively modest losses on the day.

At the start of the week, the crypto total market rose to a Monday high $334.04bn before sliding to a Monday low $306.69bn. At the time of writing, the total market cap stood at $313.92bn.

Bitcoin’s dominance fell to a Monday low 60.89% before rising to a high 62.04%. At the time of writing, Bitcoin’s dominance stood at 61.62%.

This Morning

At the time of writing, Bitcoin was up by 0.31% to $10,467.0. A mixed start to the day saw Bitcoin fall to an early morning low $10,465.0 before rising to a high $10,488.2.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV was down 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, Tezos was up by 1.91% to lead the way.

BTC/USD 22/09/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $10,585 pivot level to support a run at the first major resistance level at $10,850.

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

Barring an extended crypto rally, resistance at $10,700 would likely leave Bitcoin short of the first major resistance level.

In the event of a crypto breakout, Bitcoin could test resistance at $11,000 before any pullback. The second major resistance level sits at $11,264.

Failure to move through the $10,585 pivot would bring the first major support level at $10,171 into play.

Barring another extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,000 levels. The second major support level sits at $9,906.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 20/09/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin fell by 4.70% in the week ending 19th September. Partially reversing a 46.36% surge from the week prior, Binance Coin ended the week at $27.18.

It was a bullish start to the week. Binance Coin rallied to a Monday intraweek high and new swing hi $32.5 before hitting reverse.

Off the back of 2 consecutive days in the green, Binance Coin broke through the first major resistance level at $31.91.

The reversal saw, however, saw Binance Coin slide to a Thursday intraweek low $25.77.

While steering well clear of the first major support level at $21.78, Binance Coin fell through the 23.6% FIB of $27.5.

Range-bound through the latter part of the week, Binance Coin saw resistance at $29 limit any upside. Steering clear of the 38.2% FIB of $23.5 and the first major support level at $21.78 was key in the week, however.

4 days in the green that included a 9.30% jump last Sunday failed to prevent a weekly loss. A 13.36% slide on Tuesday did the damage.

For the week ahead

Binance Coin would need to move through 23.6% FIB of $27.5 and the $28.48 pivot to bring the first major resistance level at $31.20 into play.

Support from the broader market would be needed for Binance Coin to break back through to $30 levels.

Barring another extended crypto rally, the first major resistance level should leave Binance Coin short of $32 levels.

In the event of another crypto rally, the second major resistance level at $35.21 could come into play.

Failure to move through the 23.6% of $27.5 and the $28.48 pivot would bring the first major support level at $24.47 into play.

Barring a crypto sell-off, Binance Coin should steer well clear of sub-$20 levels in the week.

The 38.2% FIB of $23.5 and the second major support level at $21.75 should limit any downside.

At the time of writing, Binance Coin was down by 0.11% to $27.15. A bearish start to the week saw Binance Coin fall from an early morning high $27.24 to a low $26.93 on Sunday morning.

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

BNB/USD 20/09/20 Daily Chart

Litecoin

Litecoin slid by 4.66% in the week ending 19th September. Partially reversing a 6.31% gain from the previous week, Litecoin ended the week at $48.48.

It was a choppy start to the week. A 5.25% slide on Sunday saw a Litecoin fall from an intraweek high $51.05 to a Monday low $47.15 before finding support.

Steering clear of the first major support level at $47.00, Litecoin briefly recovered to $50 levels before sliding back into the deep red.

Litecoin fell to a Wednesday intraweek low $47.00 before wrapping up the week at $48 levels.

The first major support level at $47.00 limited the downside in the week.

5 days in the red, which included the 5.25% slide last Sunday, delivered the downside for the week.

For the week ahead

Litecoin would need to move through the $48.84 pivot to support a run at the first major resistance level at $50.69.

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 last week’s high $51.05 would likely limit any upside.

In the event of a breakout, the second major resistance level at $52.89 should leave Litecoin short of the 23.6% FIB of $54.

Failure to move through the $48.84 pivot would bring the first major support level at $46.64 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $44.79.

At the time of writing, Litecoin was down by 0.04% to $48.46. A bearish start to the week saw Litecoin fall from an early morning high $48.49 to a low $48.32.

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

LTC/USD 20/09/20 Daily Chart

Tron’s TRX

Tron’s TRX slid by 15.30% in the week ending 19th September. Reversing a 9.72% rally from the previous week, Tron’s TRX ended the week at $0.027693.

It was a bearish start to the week. Tron’s TRX fell from a Sunday intraweek high $0.003321 to a Wednesday intraweek low $0.025271 before finding support.

The sell-off saw Tron’s TRX fall through the 23.6% FIB of $0.0291 and the first major support level at $0.02807.

Steering clear of sub-$0.025 levels, Tron’s TRX revisited $0.0299 levels before easing back. The 23.6% FIB of $0.0291 pinned Tron’s TRX back late in the week.

5 days in the red that included a 6.4% slide on Sunday and an 8.2% tumble on Tuesday delivered the downside. A 6.95% rally on Thursday limited the downside for the week, however.

For the week ahead

Tron’s TRX would need to move through the $0.02872 pivot and the 23.6% FIB $0.0291 to support a run at the first major resistance level at $0.03218.

Support from the broader market would be needed, however, for Tron’s TRX to break out from $0.030 levels.

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

In the event of an extended rally, the second major resistance level at $0.03666 would likely leave Tron’s TRX short of $0.04 levels in the week.

Failure to move through the $0.02872 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 $0.02078.

At the time of writing, Tron’s TRX was down by 0.95% to $0.02743. A bearish start to the week saw Tron’s TRX fall from an early Sunday morning high $0.027698 to a low $0.027167.

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

TRX/USD 20/09/20 Daily Chart

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

bitcoin with us dollars and calculator

Bitcoin, BTC to USD, rose by 1.00% on Tuesday. Following on from a 3.47% rally on Monday, Bitcoin ended the day at $10,797.9.

It was a choppy start to the day. Bitcoin rose to an early morning high $10,840.0 before sliding to a late morning intraday low $10,645.0.

Steering well clear of the first major support level at $10,375, Bitcoin rallied to a mid-day intraday high $10,944.0.

Bitcoin broke through the first major resistance level at $10,889 to test resistance at $11,000.

Easing back in the afternoon, Bitcoin slipped to $10,720 levels before briefly revisiting $10,890 levels.

Coming up against the first major resistance level at $10,889, Bitcoin slipped back to end the day at sub-$10,800 levels.

The near-term bullish trend remained intact, in spite of the latest pullback to sub-$10,000. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

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

Bitcoin Cash ABC joined Bitcoin in the green, with a gain of 3.69% to buck the trend.

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

Binance Coin and Tron’s TRX led the way down, with losses of 13.34% and 7.84% respectively.

Cardano’s ADA (-3.63%), Ethereum (-3.46%), Stellar’s Lumen (-2.93%), and Tezos (-4.23%) also struggled.

Bitcoin Cash SV (-0.12%), EOS (-0.92%), Litecoin (-1.59%), Monero’s XMR (-0.69%), and Ripple’s XRP (-0.92%) saw relatively modest losses on the day.

In the current week, the crypto total market fell to a Monday low $314.21bn before rising to a Tuesday high $337.61bn. At the time of writing, the total market cap stood at $322.44bn.

Bitcoin’s dominance rose from a Monday low 59.64% to an early Wednesday high 61.39%. At the time of writing, Bitcoin’s dominance stood at 61.26%.

This Morning

At the time of writing, Bitcoin was down by 0.67% to $10,724.9. A bearish start to the day saw Bitcoin fall from an early morning high $10,804.0 to a low $10,688.0.

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

Elsewhere, it was a particularly bearish start to the day for the broader market.

At the time of writing, Binance Coin and Bitcoin Cash ABC were down by 3.16% and by 3.06% to lead the way down.

Bitcoin Cash SV bucked the trend early on, rising by 1.65%.

BTC/USD 16/09/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $10,795 pivot level to support a run at the first major resistance level at $10,946.

An early move back through to $10,800 levels would be needed, however, for Bitcoin to return to $10,900 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $10,944.0 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $11,094 before any pullback.

Failure to move through the $10,795 pivot would bring the first major support level at $10,647 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,500 levels. The second major support level sits at $10,496.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 13/09/20

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

Binance Coin

Binance Coin surged by 46.36% in the week ending 12th September. Reversing a 15.11% tumble from the previous week, Binance Coin ended the week at $28.51.

It was a choppy but bullish start to the week. Binance Coin slid to a Sunday intraweek low $18.46 before making a move.

While falling through the 38.2% FIB of $19.4, Binance Coin steered clear of the first major support level at $16.20.

Off the back of an 18.93% rebound on Sunday, Binance Coin rallied to a Saturday intraweek high $28.59.

Binance Coin broke through the first major resistance level at $24.52 to visit $28 levels for the first time since August-19. The week’s rally also saw Binance Coin break through the 62% FIB of $27.3 to form a near-term bullish trend.

6 days in the green that included an 18.93% jump last Sunday and a 12.07% rally on Saturday delivered the upside in the week.

For the week ahead

Binance Coin would need to avoid a fall through the $25.19 pivot to bring the first major resistance level at $31.91 into play.

Support from the broader market would be needed for Binance Coin to break out from $30 levels.

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 $35.32 could come into play.

Failure to avoid a fall through the $25.19 pivot would bring 23.6% FIB of $23.4 and the first major support level at $21.78 into play.

Barring a crypto sell-off, Binance Coin should steer clear of sub-$25 levels in the week, however.

At the time of writing, Binance Coin was up by 2.98% to $29.36. A bullish start to the week saw Binance Coin rise from an early Sunday morning low $28.12 to a high and new swing hi $29.53.

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

BNB/USD 13/09/20 Daily Chart

Litecoin

Litecoin rose by 6.31% in the week ending 12th September. Partially reversing a 16.06% slump from the previous week, Litecoin ended the week at $50.85.

It was a choppy start to the week. In spite of 2 consecutive days in the green, Litecoin fell to a Monday intraweek low $45.31 before making a move.

Steering clear of the first major support level at $40.52, Litecoin struck a Thursday high $49.49 before easing back.

Falling well short of the first major resistance level at $59.76, Litecoin fell back to sub-$48 levels before finding support.

At the end of the week, Litecoin rallied to a Saturday intraweek high $51.31 before easing back. In spite of the Saturday support, however, Litecoin continued to fall well short of the major resistance levels.

6 days in the green that included a 3.80% rally on Saturday delivered the upside. A 2.78% slide on Tuesday, limited the gains for the week, however.

For the week ahead

Litecoin would need to avoid a fall through the $49.16 pivot to support a run at the first major resistance level at $53.00.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $51.31.

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

In the event of a breakout, the 23.6% FIB of $54 would likely come into play. The second major resistance level at $55.16 should limit any upside, however.

Failure to avoid a fall through the $49.16 pivot would bring the first major support level at $47.00 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $43.16.

At the time of writing, Litecoin was down by 0.20% to $50.75. A bearish start to the week saw Litecoin fall from an early morning high $50.93 to an early Sunday low $50.55.

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

LTC/USD 13/09/20 Daily Chart

Tron’s TRX

Tron’s TRX rallied by 9.72% in the week ending 12th September. Following on from a 20.08% breakout from the previous week, Tron’s TRX ended the week at $0.03279.

It was a mixed start to the week. Tron’s TRX fell to a Sunday intraweek low $0.02770 before making a move.

Steering clear of the first major support level at $0.01926, Tron’s TRX rallied to a Wednesday intraweek high $0.03676.

While falling short of the first major resistance level at $0.4694, Tron’s TRX broke through the 23.6% FIB of 0.0291.

A bearish end to the week, however, saw Tron’s TRX slide back to $0.031 levels before wrapping up the week at $0.032 levels.

4 days in the green that included an 8.16% surge on Tuesday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid a fall back through the $0.03242 pivot to support a run at the first major resistance level at $0.03713.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.03676.

Barring a broad-based crypto rebound, the first major resistance level would likely cap any upside.

In the event of an extended rally, the second major resistance level at $0.04148 and 38.2% FIB of $0.0428 should cap any upside.

Failure to avoid a fall back through the $0.03242 pivot would bring the 23.6% FIB of $0.0291 and the first major support level at $0.02807 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of sub-$0.020 support levels in the week.

The second major support level at $0.02336 should limit any downside.

At the time of writing, Tron’s TRX was down by 1.00% to $0.03246. It was a bearish start to the week. Tron’s TRX fell from an early morning high $0.03282 to an early Sunday low $0.03219.

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

Tron's TRX 13/09/20 Daily Chart

The Crypto Daily – Movers and Shakers – September 10th, 2020

bitcoin with us dollars and calculator

Bitcoin, BTC to USD, rose by 0.89% on Wednesday. Partially reversing a 2.42% slide from Tuesday, Bitcoin ended the day at $10,240.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $10,010.0 before making a move.

Steering clear of the first major support level at $9,866, Bitcoin rallied to a late intraday high $10,359.

Falling short of the first major resistance level at $10,447, Bitcoin fell back to sub-$10,200 levels before wrapping up the day at $10,240.0.

The near-term bullish trend remained intact, in spite of the latest pullback to sub-$10,000. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

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

Bitcoin Cash SV (-4.96%), EOS (-0.50%), and Tron’s TRX (-3.31%) saw red to buck the trend on the day.

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

Binance Coin (+5.41%) and Ethereum (+4.04%) led the way.

Bitcoin Cash ABC (+1.33%), Cardano’s ADA (+2.66%), Litecoin (+0.82%), Monero’s XMR (+0.10%), Ripple’s XRP (+1.11%), Stellar’s Lumen (+1.12%), and Tezos (+1.26%) trailed the front runners.

In the current week, the crypto total market rose to a Monday high $320.12bn before falling to a Tuesday low $297.87bn. At the time of writing, the total market cap stood at $316.08bn.

Bitcoin’s dominance rose to a Monday high 61.28% before falling to a Wednesday low 59.99%. At the time of writing, Bitcoin’s dominance stood at 60.18%.

This Morning

At the time of writing, Bitcoin was up by 0.62% to $10,303.0. A mixed start to the day saw Bitcoin fall to an early morning low $10,233.1 before rising to a high $10,337.0.

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

Elsewhere, it was a bullish start to the day.

At the time of writing, Tezos was up by 2.81% to lead the way.

BTC/USD 10/09/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $10,203 pivot level to support a run at the first major resistance level at $10,396.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $10,359.0

Barring an extended crypto rally, the first major resistance level and resistance at $10,400 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test resistance at $10,500 before any pullback. The second major resistance level sits at $10,552.

Failure to avoid a fall through the $10,203 pivot would bring the first major support level at $10,047 into play.

Barring another extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,000 and the second major support level at $9,854.