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

crypto currency mining concept

Binance Coin

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

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

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

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

For the week ahead

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

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

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

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

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

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

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

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

BNB/USD 05/04/20 Weekly Chart

Litecoin

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

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

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

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

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

For the week ahead

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

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

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

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

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

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

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

LTC/USD 05/04/20 Weekly Chart

Tron’s TRX

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

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

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

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

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

For the week ahead

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

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

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

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

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

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

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

TRX/USD 05/04/20 Weekly Chart

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

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Support

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

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

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

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

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

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

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

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

For the bulls, Binance Coin would need to break through the 62% FIB of $27.3 to form a near-term bullish trend.

At the time of writing, Binance Coin was up by 0.13% to $12.58. A mixed start to the day on Wednesday saw Binance Coin slide to an early morning low $12.14 before striking a high $12.73.

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

BNB/USD 01/04/20 Weekly Chart

For the remainder of the week

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

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

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

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

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

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

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

Looking at the Technical Indicators

Major Support Level: $10.69

Major Resistance Level: $13.64

23.6% FIB Retracement Level: $18.8

38.2% FIB Retracement Level: $22.9

62% FIB Retracement Level: $29.5

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

Bitcoin and Litecoin over dollar banknotes.

Binance Coin

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

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

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

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

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

For the week ahead

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

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

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

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

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

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

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

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

BNB/USD 29/03/20 Weekly Chart

Litecoin

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

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

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

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

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

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

For the week ahead

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

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

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

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

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

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

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

LTC/USD 29/03/20 Weekly Chart

Tron’s TRX

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

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

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

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

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

For the week ahead

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

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

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

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

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

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

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

TRX/USD 29/03/20 Weekly Chart

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

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Support

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

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

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

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

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

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

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

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

It’s had been a relatively bullish start to the year before the current downtrend. Having been up by as much as 101% year-to-date, with Binance Coin was down by 8.64% year-to-date.

For the bulls, Binance Coin would need to break through the 62% FIB of $27.3 to form a near-term bullish trend.

At the time of writing, Binance Coin was down by 1.75% to $12.25. A bearish start to the day on Wednesday saw Binance Coin fall from an early morning high $12.57 to a low $12.17.

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

BNB/USD 25/03/20 Weekly Chart

For the remainder of the week

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

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

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

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

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

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

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

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

Looking at the Technical Indicators

Major Support Level: $8.73

Major Resistance Level: $14.94

23.6% FIB Retracement Level: $18.8

38.2% FIB Retracement Level: $22.9

62% FIB Retracement Level: $29.5

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

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

Binance Coin

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

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

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

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

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

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

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

For the week ahead

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

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

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

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

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

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

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

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

BNB/USD 22/03/20 Weekly Chart

Litecoin

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

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

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

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

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

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

For the week ahead

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

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

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

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

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

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

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

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

LTC/USD 22/03/20 Weekly Chart

Tron’s TRX

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

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

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

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

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

For the week ahead

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

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

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

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

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

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

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

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

TRX/USD 22/03/20 Weekly Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 18/03/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Support

It’s been a choppy start to the week for Binance Coin, with Binance Coin seeing 2-days in the green out of 3 going into Wednesday.

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

Falling well short of the first major resistance level at $18.22, Binance Coin slid to a Monday current week low $8.19.

Steering clear of the first major support level at $4.24, Binance Coin bounced back to $10.00 levels.

The moves through the early part of the week saw Binance Coin rise by 2.13% on Sunday, before tumbling by 8.78% on Monday.

Risk aversion seen across the global equity markets weighed on the crypto markets on Monday.

A pickup in risk appetite across the global financial markets on Tuesday delivered an 8.8% rebound, however, to leave Binance Coin up by 1.48% for the current week, Sunday through Tuesday.

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

It’s had been a relatively bullish start to the year before the current downtrend. Having been up by as much as 101% year-to-date, Binance Coin was down by 24.69% year-to-date.

For the bulls, Binance Coin would need to break through the 62% FIB of $27.3 to form a near-term bullish trend.

At the time of writing, Binance Coin was down by 1.3% to $10.14. A mixed start to the day on Wednesday saw Binance Coin rise to an early morning high $10.54 before falling to a low $19.97

Binance Coin continued to leave the major support and resistance levels untested.

BNB/USD 18/03/20 Weekly Chart

For the remainder of the week

Binance Coin would need to break back through to $12.30 levels to bring the first major resistance level at $18.22 into play.

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

Barring a broad-based crypto rebound ahead of the weekend, resistance at $11 would likely cap any upside.

In the event of a breakout, Binance Coin could visit $12 levels before any pullback.

Failure to break back through to $12.30 levels could see Binance Coin hit reverse.

A pullback through to sub-$10 levels would bring $6 levels back into play before any recovery.

Barring an extended crypto meltdown, however, Binance Coin should steer well clear of the first major support level at $4.24.

Looking at the Technical Indicators

Major Support Level: $4.24

Major Resistance Level: $18.22

23.6% FIB Retracement Level: $18.8

38.2% FIB Retracement Level: $22.9

62% FIB Retracement Level: $29.5

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 15/03/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin tumbled by 50.05% in the week ending 14th March. Reversing a 5.46% gain from the previous week, Binance Coin ended the week at $10.14.

A bearish start to the week saw Binance Coin slide by 16.72% on Sunday before steadying.

The reversal saw Binance Coin fall from a Sunday intraweek high $20.40 to sub-$16 levels before finding support.

Binance Coin fell through the first major support level at $18.52 and the second major support level at $16.75.

The slide also saw Binance Coin fall through the 23.6% FIB of $18.8. Support and a return to $16 levels was brief, however, with Binance Coin tumbling by 43.91% to sub-$10 levels on Thursday.

Binance Coin fell through the third major support level, with the sell-off continuing into Friday morning.

The continued sell-off saw Binance Coin fall to an intraweek low and new swing lo $6.4164.

A Friday bounce back saw Binance Coin recover to $12 levels before a 5th day in the red on Saturday.

For the week ahead

Binance Coin would need to break back through to $12.30 levels to bring the first major resistance level at $18.22 into play.

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

Barring a broad-based crypto rally, resistance at $12 would likely leave Binance Coin well short of the 23.6% FIB and the major resistance levels.

Failure to move back through to $12.3 levels could see Binance Coin spend another week in the red.

A fall back through to sub-$10 levels would bring the first major support level at $4.2376 into play

Barring another crypto meltdown, however, Binance Coin should steer clear of sub-$6 levels.

At the time of writing, Binance Coin was down by 0.96% to $10.04. A bearish start to the week saw Binance Coin fall from an early morning high $10.18 to a low $9.89 early on Sunday.

BNB/USD 15/03/20 Weekly Chart

Litecoin

Litecoin slumped by 43.13% in the week ending 14th March. Reversing a 4.31% gain from the previous week, Litecoin ended the week at $34.43.

Bearish throughout the week, Litecoin tumbled from a Sunday intraweek high $60.55 to a Friday intraweek low and new swing low $25.00.

The sell-off saw Litecoin see red in 6 of the 7 days, with a 15.55% slide on Sunday and 38.01% tumble on Thursday doing the damage.

Finding support on Friday, Litecoin recovered to $40 levels before falling back.

The sell-off in the week saw Litecoin slide through the week’s major support levels.

For the week ahead

Litecoin would need to move through to $40 levels to support a run at the first major resistance level at $55.00.

Support from the broader market would be needed, however, for Litecoin to break through the 23.6% FIB of $54.

Barring a broad-based crypto rebound, resistance at $40 would likely limit any upside in the week.

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

A fall back through to sub-$30 levels would bring the first major support level at $19.44 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$20 levels…

At the time of writing, Litecoin was up by 0.03% to $34.44. A mixed start to the day saw Litecoin fall to an early morning low $34.24 before striking a high $34.64.

LTC/USD 15/03/20 Weekly Chart

Tron’s TRX

Tron’s TRX slumped by 42.41% in the week ending 14th March. Reversing a 2.64% gain from the previous week, Tron’s TRX ended the week at $0.009803.

It was a particularly bearish week. Tron’s TRX slumped from a Sunday intraweek high $0.017021 to a Friday intraweek low and new swing lo $0.007111.

The sell-off saw Tron’s TRX fall through the week’s major support levels before finding support on Friday.

In spite of an 18.47% bounce back on Friday, Tron’s TRX failed to break back through the third major support level at $0.01269.

A bearish end to the week, however, saw Tron’s TRX fall back to $0.010 levels.

In the week, 4-days that included a 13.91% loss on Sunday and 42.88% tumble on Thursday delivered the losses in the week.

For the week ahead

Tron’s TRX would need to move back through to $0.011 levels to support a run at the first major resistance level at $0.01551.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.012 levels.

Barring a broad-based crypto rally in the week, resistance at $0.012 would likely leave Tron’s TRX short of the major resistance levels.

Failure to move through to $0.011 levels could see Tron’s TRX struggle in the week.

A fall back through last week’s low $0.007111 would bring the first major support level at $0.0056 into play before any recovery.

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

At the time of writing, Tron’s TRX was up by 1.32% to $0.009932. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.009718 to a high $0.009974.

TRX/USD 15/03/20 Weekly Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 11/03/20

Crypto currency background with various of shiny silver and golden physical cryptocurrencies symbol coins, Bitcoin, Ethereum, Litecoin, zcash, ripple

Binance Coin Price Support

It’s been a bearish 1st half of the week for Binance Coin, which saw 2-days in the red out of the 3 through the start of the week.

It was a particularly bearish start to the week. Binance Coin tumbled by 16.72% on Sunday, leading to a Monday intraweek low $15.60 before finding support.

Binance Coin fell through the first major support level at $18.52 and the second major support level at $16.75.

Finding support through late Monday, Binance Coin fell by just 1.72% going into Tuesday at $16.80 levels.

The partial recovery saw Binance Coin break back through the second major support level on Monday.

A relatively choppy Tuesday, saw Binance Coin briefly revisit $17.4 levels before sliding back to sub-$17 levels.

Failing to break back through the first major support level at $18.52, Binance Coin fell back through the second major support level at $16.75.

Late support on the day led to a move back through the second major support level to deliver a 1.38% gain on the day.

For the current week, Binance Coin was down by 17.04%, Sunday through Tuesday.

The near-term bearish trend remained intact, supported by the late 2019 reversal and December’s swing lo $12.11.

It’s been a relatively bullish start to the year, however, with Binance Coin up by 23.4% from December’s swing lo.

For the bulls, Binance Coin would need to break through the 62% FIB of $29.5 to form a near-term bullish trend.

At the time of writing, Binance Coin was down by 0.90% to $16.67. A mixed start to the day on Wednesday saw Binance Coin rise to an early morning high $17.16 before falling to a low $16.54

Steering clear of the major resistance levels, Binance Coin fell back through the second major support level at $16.75.

BNB/USD 11/03/20 Weekly Chart

For the remainder of the week

Binance Coin would need to break back through to $20.20 levels to bring the first major resistance level at $21.95 into play.

Support from the broader market would be needed, however, for Binance Coin to break back through the major support levels and 23.6% FIB of $18.8.

Barring a broad-based crypto rebound ahead of the weekend, the 23.6% FIB would likely cap any upside.

Failure to break back through to $20.20 levels would see Binance Coin spend the week in the red.

A pullback through to sub-$16 levels would bring $14 levels into play before any recovery.

Barring an extended crypto meltdown, however, Binance Coin should steer clear of the third major support level at $13.32.

Looking at the Technical Indicators

Major Support Level: $18.52

Major Resistance Level: $21.95

23.6% FIB Retracement Level: $18.8

38.2% FIB Retracement Level: $22.9

62% FIB Retracement Level: $29.5

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 08/03/20

Cryptomania

Binance Coin

Binance Coin rose by 5.46% in the week ending 7th March. Partially reversing a 12.51% tumble from the previous week, Binance Coin ended the week at $20.29.

A bearish start to the week saw Binance Coin fall to a Sunday intraweek low $18.41 before finding support.

A 1.69% loss on the day saw Binance Coin fall through the 23.6% FIB of $18.8 before rallying to a Friday intraweek high $21.84.

In spite of 4-days in the green that included a 5.45% rally on Monday and a 4.08% gain on Thursday, Binance Coin fell short of the first major resistance level at $22.64.

While breaking back through the 23.6% FIB in the week, a 5.13% slide on Saturday limited the upside on the week.

For the week ahead

Binance Coin would need to break back through to $20.20 levels to bring the first major resistance level at $21.95 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $21.84

Barring a broad-based crypto rally, the first major resistance level would likely continue to limit any upside in the week.

In the event of a breakout, the 38.2% FIB of $22.9 would likely leave Binance Coin short of the second major resistance level at $23.61.

Failure to move back through to $20.20 levels could see Binance Coin hit reverse.

A fall back through the 23.6% FIB would bring the first major support level at $18.52 into play

Barring another crypto meltdown, however, Binance Coin should steer clear of sub-$17 levels.

At the time of writing, Binance Coin was down by 4.07% to $19.46. A particularly bearish start to the week saw Binance Coin fall from an early morning high $20.40 to a low $19.21.

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

BNB/USD 08/03/20 Weekly Chart

Litecoin

Litecoin rose by 4.31% in the week ending 7th March. Partially reversing a 22.48% tumble from the previous week, Litecoin ended the week at $60.57.

Tracking the broader market, Litecoin fell to a Sunday intraweek low $56.05 before finding support.

Steering clear of the first major support level at $49.34, Litecoin rallied to a Saturday intraweek high $63.98 before hitting reverse.

While falling short of the first major resistance level at $73.74, Litecoin broke through the 23.6% FIB of $62.

A bearish end to the week, however, saw Litecoin fall by 4.42% on the day to end the week at sub-$61 levels. The Saturday pullback saw Litecoin fall back through the 23.6% FIB of $62.

For the week ahead

Litecoin would need to move through to $60 levels to support a run at the first major resistance level at $64.35.

Support from the broader market would be needed, however, for Litecoin to break back through the 23.6% FIB of $62.

Barring a broad-based crypto rebound, the 23.6% FIB would likely leave Litecoin short of the major resistance levels.

Failure to move back through to $60 levels could see Litecoin come under further pressure.

A fall back through to sub-$57 levels would bring the first major support level at $56.42 into play.

Barring a crypto meltdown, however, Litecoin should steer well clear of the second major support level at $52.27.

At the time of writing, Litecoin was down by 3.00% to $58.70. A bearish start to the week saw Litecoin fall from an early morning high $60.55 to a low $58.12.

Litecoin left the major support and resistance levels untested.

LTC/USD 08/03/20 Weekly Chart

Tron’s TRX

Tron’s TRX rose by 2.64% in the week ending 7th March. Partially reversing a 17.51% slump from the previous week, Tron’s TRX ended the week at $0.017054.

A bearish start to the week saw Tron’s TRX fall to a Sunday intraweek low $0.01619 before finding support.

Bullish through the week, Tron’s TRX rallied to a Thursday intraweek high $0.018462 before sliding back.

Falling short of the first major resistance level at $0.02019, Tron’s TRX fell back to a sub-$0.0166 levels before wrapping up the week in the green.

A 7.31% slide on Saturday partially offset gains from 4-days in the green that had included a 6.66% rally on Monday.

For the week ahead

Tron’s TRX would need to move back through to $0.01720 levels to support a run at the first major resistance level at $0.01830.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.018 levels.

Barring a broad-based crypto rally in the week, the first major resistance level at $0.01830 would likely limit any upside.

Failure to move through to $0.01720 could see Tron’s TRX struggle throughout the week.

A fall back through last week’s low $0.01619 would bring the first major support level at $0.01600 into play before any recovery.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.01496.

At the time of writing, Tron’s TRX was down by 1.56% to $0.016788. A bearish start to the week saw Tron’s TRX slide from an early morning high $0.017021 to a low $0.016610.

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

TRX/USD 08/03/20 Weekly Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 04/03/20

Binance

Binance Coin Price Resistance

It’s been a mixed start to the week for Binance Coin, which saw 2-days in the red out of the 3 through the start of the week.

A bearish start to the week saw Binance Coin fall to a Sunday current week low $18.41 before finding support.

While steering clear of the first major support level at $16.74, Binance Coin fell through the 23.6% FIB of $18.8 before finding support.

A 5.45% rally on Monday reversed a 1.69% fall from Sunday, leading Binance Coin to a Tuesday current week high $20.52.

Whilst falling well short of the first major resistance level at $22.64, Binance Coin broke back through the 23.6% FIB.

A bearish Tuesday limited the upside for the current week, however. Binance Coin fell by 1.32% to return to sub-$20 levels, leaving Binance Coin up by just 2.32% for the current week.

The near-term bearish trend remained intact in spite of the upward trend, supported by the late 2019 reversal and December’s swing lo $12.11.

It’s been a bullish start to the year, however, with Binance Coin up by 44.1% from December’s swing lo.

For the bulls, Binance Coin would need to break through the 62% FIB of $29.5 to form a near-term bullish trend.

At the time of writing, Binance Coin was up by 2.76% to $20.22. A bullish start to the day on Wednesday saw Binance Coin rise from an early morning low $19.58 to a high $20.29.

In spite of the bullish start to the day, Binance Coin continued to leave the major resistance levels untested.

BNB/USD 04/03/20 Weekly Chart

For the remainder of the week

Binance Coin would need to break back through the current week high $20.52 to bring the first major resistance level at $22.64 into play.

Support from the broader market would be needed, however, for Binance Coin to break back through the 38.2% FIB of $22.90.

Barring a broad-based crypto rebound ahead of the weekend, Binance Coin would likely come up short of $23 levels.

In the event of an extended rally going into the weekend, Binance Coin could revisit last week’s high $23.55 before any pullback.

Failure to break back through to $22.52 levels could see Binance Coin fall back into the red.

A pullback through to sub-$20.14 levels would bring the first major support level at $16.74 into play.

Barring an extended crypto meltdown, however, Binance Coin should steer clear of sub-$18 levels. The 23.6% FIB of $18.8 and the current week low $18.41 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $16.74

Major Resistance Level: $22.64

23.6% FIB Retracement Level: $18.8

38.2% FIB Retracement Level: $22.9

62% FIB Retracement Level: $29.5