The Crypto Daily – Movers and Shakers – May 6th, 2021

Bitcoin coin on white keyboard

Bitcoin, BTC to USD, rose by 7.95% on Wednesday. Reversing a 6.81% slide from Tuesday, Bitcoin ended the day at $57,487.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $52,960.0 before making a move.

Steering clear of the first major support level at $51,823, Bitcoin rose to a late afternoon intraday high $57,898.0.

Bitcoin broke through the first major resistance level at $55,922 before easing back to $56,500 levels.

Finding late support, however, Bitcoin moved back through to $57,000 levels to end the day at $57,400 levels.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$53,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Wednesday.

Bitcoin Cash SV surged by 30.10% to lead the way.

Cardano’s ADA (+16.62%), Litecoin (+16.70%), and Ripple’s XRP (+16.17%) also made solid gains.

Binance Coin (+7.04%), Chainlink (+8.79%), Ethereum (+8.96%), and Polkadot (+7.65%) weren’t far behind, while Crypto.com Coin (+6.64%) trailed the front runners.

In the current week, the crypto total market fell to a Tuesday low $2,064bn before rising to a Wednesday high $2,384bn. At the time of writing, the total market cap stood at $2,314bn.

Bitcoin’s dominance rose to a Monday high 49.39% before falling to a Wednesday low 45.49%. At the time of writing, Bitcoin’s dominance stood at 46.04%.

This Morning

At the time of writing, Bitcoin was down by 0.92% to $56,958.0. A mixed start to the day saw Bitcoin rise to an early morning high $57,500.0 before falling to a low $56,751.0.

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

Elsewhere, it was a mixed start to the day.

Ripple’s XRP (4.43%), Bitcoin Cash SV (+2.67%), Crypto.com Coin (+0.94%), and Polkadot (+0.36%) found early support.

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

At the time of writing, Chainlink was down by 3.17% to lead the way down.

BTCUSD 060521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $56,115 to support a run at the first major resistance level at $59,270.

Support from the broader market would be needed for Bitcoin to break back through to $59,000 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $60,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the swing hi $64,829 before any pullback. The second major resistance level sits at $61,053.

Failure to avoid a fall through the pivot at $56,115 would bring the first major support level at $54,332 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$53,000 levels. The second major support level sits at $51,117.

 

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 05/05/21

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Resistance

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

Binance Coin fell to a Sunday current week low $593.05 before making a move.

Steering clear of the 23.6% FIB of $509 and the first major support level at $499, Binance Coin rallied to a Monday intraweek high and a new swing hi $704.62.

Binance Coin broke through the first major resistance level at $703 before pulling back to sub-$680 levels on Monday.

On Tuesday, the pullback continued, with Binance Coin sliding back to sub-$600 levels before finding support to wrap up the day at $609 levels.

For the current week, Sunday through Tuesday, Binance Coin was down by 1.90% to $609.27.

A 9.99% slide on Tuesday reversed gains from Sunday and Monday.

The near-term bullish trend remained intact supported by the current week’s gain. For the bears, a sustained fall through the 62% FIB of $250 would form a near-term bearish trend.

It has been a particularly bullish start to the year, with Binance Coin up by 1,527%.

At the time of writing, Binance Coin was up by 3.16% to $628.52. A mixed start to the day on Wednesday saw Binance Coin fall to an early morning low $600.92 before rising to a high $642.95.

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

BNBUSD 050521 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the pivot at $581 to bring the first major resistance level at $703 back into play.

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

Barring an extended rally going into the weekend, the first major resistance level and this week’s new swing hi $704.62 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $800 before any pullback. The second major resistance level sits at $785.

Failure to avoid a fall back through the $581 pivot would bring the 23.6% FIB of $540 and the first major support level at $499 into play.

Barring another extended sell-off going into the weekend, however, Binance Coin should steer of the 38.2% FIB of $438. The second major support level sits at $377.

The Crypto Daily – Movers and Shakers – May 4th, 2021

Different cryptocurrencies in a circle with a golden bitcoin in

Bitcoin, BTC to USD, rose by 0.96% on Monday. Partially reversing a 2.02% loss from Sunday, Bitcoin ended the day at $57,147.0.

A bullish start to the day saw Bitcoin rally to a late morning intraday high $58,945.0 before hitting reverse.

Bitcoin broke through the first major resistance level at $57,653 and the second major resistance level at $58,702.

Falling short of $60,000 levels, Bitcoin slid to a late intraday low $56,511.0.

Steering clear of the first major support level at $55,803, Bitcoin move back through to $57,000 levels and back into the green.

The near-term bullish trend remained intact supported by the return to $58,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Monday.

Ripple’s XRP fell by 0.59% to buck the trend on the day.

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

Bitcoin Cash SV and Ethereum rallied by 12.60% and by 16.32% to lead the way.

Binance Coin (+8.78%), Chainlink (+6.47%), and Litecoin (+9.59%) also found strong support.

Cardano’s ADA (+2.66%), Crypto.com Coin (+1.35%), and Polkadot (+0.66%) trailed the front runners, however.

Early in the week, the crypto total market fell to a Monday low $2,137bn before rising to a Monday high $2,332bn. At the time of writing, the total market cap stood at $2,216bn.

Bitcoin’s dominance rose to a Monday high 49.27% before falling to an early Tuesday low 47.21%. At the time of writing, Bitcoin’s dominance stood at 47.61%.

This Morning

At the time of writing, Bitcoin was down by 1.13% to $56,502.1. A mixed start to the day saw Bitcoin rise to an early morning high $57,166.0 before falling to a low $56,430.0.

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

Elsewhere, it was a bearish start to the day.

At the time of writing, Ripple’s XRP was down by 3.80% to lead the way down.

BTCUSD 040521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $57,534 to support a run at the first major resistance level at $58,558.

Support from the broader market would be needed for Bitcoin to breakout back through to $58,000 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $58,945 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $59,968.

Failure to move back through the pivot at $57,534 would bring the first major support level at $56,124 into play.

Barring another extended sell-off on the day, Bitcoin should avoid a fall back to sub-$55,000 levels. The second major support level at $55,100 should limit the downside.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 02/05/21

crypto currency mining concept

Binance Coin

Binance Coin rallied by 24.77% in the week ending 1st May. Reversing a 3.38% fall from the previous week, Binance Coin ended the week at $620.90.

A mixed start to the week saw Binance Coin fall to a Sunday intraweek low $459.68 before making a move.

While steering clear of the first major support level at $401, Binance Coin fell through the 23.6% FIB of $490.

Finding Sunday support, Binance Coin rallied to a Friday intraweek high and a new swing hi $663.65.

Binance Coin broke back through the 23.6% FIB and also through the first major resistance level at $610.

A pullback on Saturday saw Binance Coin briefly fall back through the first major resistance level before ending the week at $620 levels.

5 days in the red that included a 6.30% rally on Tuesday and a 6.59% gain on Thursday delivered the upside.

For the week ahead

Binance Coin would need to avoid a fall through the $581 pivot to bring the first major resistance level at $703 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from last week’s swing hi $663.65.

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

In the event of another breakout, Binance Coin could test resistance at $850 before any pullback. The second major resistance level sits at $722.

Failure to avoid a fall through the $581 pivot would bring the 23.6% FIB of $509 and the first major support level at $499.

Barring another extended sell-off, Binance Coin should steer well clear of the second major support level at $377. The 38.2% FIB of $413 should limit the downside.

At the time of writing, Binance Coin was down by 0.68% to $616.68. A mixed start to the week saw Binance Coin rise to an early Sunday high $630.88 before falling to a low $612.89.

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

BNBUSD 020521 Daily Chart

Litecoin

Litecoin rallied by 22.96% in the week ending 1st May. Partially reversing a 25.16% slide from the previous week, Litecoin ended the week at $277.0.

A mixed start to the week saw Litecoin fall to a Sunday intraweek low $211.07 before making a move.

While steering clear of the first major support level at $187, Litecoin fell through the 38.2% FIB of $216.

Finding Monday support, however, Litecoin rallied to a Saturday intraweek high $278.71.

Litecoin broke through the 38.2% FIB and the 23.6% FIB of $262.

Falling short of the first major resistance level at $285, however, Litecoin eased back to end the week at $277 levels.

4 days in the green that included an 10.47% breakout on Monday delivered the upside in the week.

For the week ahead

Litecoin would need to avoid a fall through the 23.6% FIB of $262 and the $256 pivot to bring the first major resistance level at $300 into play.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $278.71.

Barring an extended crypto rally, the first major resistance level and resistance at $310 would likely limit any upside.

In the event of an extended breakout, Litecoin could test resistance at 17th April’s swing hi $334.34. The second major resistance level sits at $323.

Failure to avoid a fall through the 23.6% FIB and the $256 pivot would bring the first major support level at $233 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of sub-$200 and the second major support level at $188. The 38.2% FIB of $216 should limit the downside.

At the time of writing, Litecoin was down by 1.09% to $273.97. A mixed start to the week saw Litecoin rise to an early Sunday high $277.64 before falling to a low $273.00.

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

LTCUSD 020521 Daily Chart

Tron’s TRX

Tron’s TRX rallied by 27.11% in the week ending 1st May. Partially reversing a 33.95% tumble from the previous week, Tron’s TRX ended the week at $0.1313.

A mixed start to the week saw Tron’s TRX fall to a Sunday intraweek low $0.09591 before making a move.

Steering clear of the 62% FIB of $0.0749 and the first major support level at $0.07455, Tron’s TRX rallied to a Saturday intraweek high $0.1352.

While breaking through the 38.2% FIB of $0.1167, Tron’s TRX came up short of the 23.6% FIB of $0.1426 and the first major resistance level at $.14427.

In spite of a pullback from Saturday’s high, Tron’s TRX wrapped up the week at $0.13 levels.

3 days in the red that included a 15.37% rally on Monday and an 8.78% gain on Friday delivered the upside.

For the week ahead

Tron’s TRX would need to avoid a fall through the $0.1208 pivot to support a run at the 23.6% FIB and the first major resistance level at $0.1457.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.1352.

Barring a broad-based crypto rally, the first major resistance level and the 23.6% FIB of $0.1426 would likely cap any upside.

In the event of another extended rally, Tron’s TRX could tests resistance at $0.17 before any pullback. The second major resistance level sits at $0.1601.

Failure to avoid a fall through the $0.1208 pivot would bring the 38.2% FIB of $0.1167 and the first major support level at $0.1064.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.08151.

At the time of writing, Tron’s TRX was down by 1.13% to $0.1299. A mixed start to the week saw Tron’s TRX rise to an early Sunday high $0.1316 before falling to a low $0.1290.

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

TRXUSD 020521 Daily Chart

The Crypto Daily – Movers and Shakers – April 29th, 2021

Pattern of coins LTC, ETH, BTC, XMR, XRP on a dark background. Business concept.

Bitcoin, BTC to USD, fell by 0.33% on Wednesday. Partially reversing a 1.76% gain from Tuesday, Bitcoin ended the day at $54,859.0.

A mixed start to the day saw Bitcoin fall to a mid-morning intraday low $53,917.0 before making a move.

Steering clear of the first major support level at $53,753, Bitcoin rallied to a late intraday high $56,432.0.

Bitcoin broke through the first major resistance level at $55,886 before falling back to sub-$54,100 levels.

Finding late support, however, Bitcoin moved back through to $54,800 levels to limit the downside on the day.

The near-term bullish trend remained intact supported by the partial recovery to $55,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Cardano’s ADA and Ethereum bucked the trend with gains of 2.30% and 3.14% respectively.

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

Ripple’s XRP fell by 3.10% to lead the way down.

Binance Coin (-1.13%), Chainlink (-1.44%), Crypto.com Coin (-2.84%), and Polkadot (-2.16%) also struggled.

Bitcoin Cash SV (-0.73%) and Litecoin (-0.45%) saw relatively modest losses on the day.

In the current week, the crypto total market fell to a Monday low $1,778bn before rising to a Wednesday high $2,124bn. At the time of writing, the total market cap stood at $2,055bn.

Bitcoin’s dominance rose to a Monday high 51.73% before falling to a Wednesday low 49.71%. At the time of writing, Bitcoin’s dominance stood at 50.14%.

This Morning

At the time of writing, Bitcoin was up by 0.55% to $55,160.4. A mixed start to the day saw Bitcoin fall to an early morning low $54,733.0 before rising to a high $55,199.0.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin and Polkadot were down by 0.48% and by 0.35% to buck the trend early on.

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

At the time of writing, Cardano’s ADA was up by 0.43% to lead the way.

BTCUSD 290421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the $55,069 pivot to bring the first major resistance level at $56,222 into play.

Support from the broader market would be needed for Bitcoin to break back through to $56,000 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $56,432.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $58,000 before any pullback. The second major resistance level sits at $57,584.

Failure to avoid a fall back through the $55,069 would bring the first major support level at $53,707 into play.

Barring another extended sell-off on the day, Bitcoin should steer well clear of the 23.6% FIB of $50,473. The second major support level at $52,554 should limit the downside.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 28/04/21

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

Binance Coin Price Resistance

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

A mixed start to the week, however, saw Binance Coin slide to a Sunday current week low $459.68 before making a move.

While steering clear of the first major support level at $401, Binance Coin fell through the 23.6% FIB of $494.

Finding late support on Sunday, however, and through Monday Binance Coin struck a Tuesday current week high $584.79 before easing back.

While breaking back through the 23.6% FIB, Binance Coin fell short of the first major resistance level at $610.

For the current week, Sunday through Tuesday, Binance Coin was up by 14.48% to $569.70.

3 days in the green that included a 5.99% rally on Monday and a 6.29% gain on Tuesday delivered the early upside.

The near-term bullish trend remained intact supported by the current week’s gain. For the bears, a sustained fall through the 62% FIB of $250 would form a near-term bearish trend.

It has been a particularly bullish start to the year, with Binance Coin up by 142.1%.

At the time of writing, Binance Coin was up by 1.21% to $576.57. A mixed start to the day on Wednesday saw Binance Coin fall to an early morning low $567.96 before rising to a high $582.76.

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

BNBUSD 280421 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the pivot at $513 to bring the first major resistance level at $610 back into play.

Support from the broader market would be needed, however, for Binance Coin to break back through to $600 levels.

Barring an extended rally going into the weekend, the first major resistance level and last week’s high $625.35 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $700 before any pullback. The second major resistance level sits at $722.

Failure to avoid a fall back through the $513 pivot would bring the 23.6% FIB of $494 into play.

Barring another extended sell-off going into the weekend, however, Binance Coin should steer of the first major support level at $401.

Looking at the Technical Indicators

Major Support Level: $401

Major Resistance Level: $610

23.6% FIB Retracement Level: $494

38.2% FIB Retracement Level: $400

62% FIB Retracement Level: $250

The Crypto Daily – Movers and Shakers – April 27th, 2021

Pattern of coins LTC, ETH, BTC, XMR, XRP on a dark background. Business concept.

Bitcoin, BTC to USD, rallied by 10.12% on Monday. Reversing a 2.03% fall from Sunday, Bitcoin ended the day at $54,102.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $48,831.0 before making a move.

Steering clear of the first major support level at $47,270, Bitcoin rallied to a late afternoon intraday high $54,387.0.

Bitcoin broke through the first major resistance level at $50,829 and the second major resistance level at $52,530.

More significantly, Bitcoin also broke back through the 23.6% FIB of $50,473.

Falling short of $55,000 levels, Bitcoin fell back through to sub-$53,000 levels before ending the day at $54,100 levels.

The near-term bullish trend remained intact in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Monday.

Ripple’s XRP jumped by 31.66% to lead the way, with Cardano’s ADA rallying by 13.48%.

Bitcoin Cash SV (+7.69%), Chainlink (+10.96%), Ethereum (+9.11%), and Litecoin (+10.43%) also found strong support.

Binance Coin (+5.99%), Crypto.com Coin (+5.87%), and Polkadot (+1.77%) trailed the front runners, however.

Early in the week, the crypto total market fell to a Monday low $1,778bn before rising to a high $2,008bn. At the time of writing, the total market cap stood at $1,962.

Bitcoin’s dominance rose to a Monday high 51.73% before falling to a Monday low 50.65%. At the time of writing, Bitcoin’s dominance stood at 51.20%.

This Morning

At the time of writing, Bitcoin was .

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV and Polkadot were up by 2.98% and by 1.06% respectively to buck the trend early on.

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

At the time of writing, Binance Coin was down by 1.68% to lead the way.

BTCUSD 270421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $52,440 pivot to bring the first major resistance level at $56,049 into play.

Support from the broader market would be needed for Bitcoin to break out from $55,500 levels.

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

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $57,996.

Failure to avoid a fall through the $52,440 would bring the first major support level at $50,493 and the 23.6% FIB of $50,473 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$49,000 levels. The second major support level sits at $46,884.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 25/04/21

Crypto00 567

Binance Coin

Binance Coin fell by 3.38% in the week ending 24th April. Partially reversing a 9.16% gain from the previous week, Binance Coin ended the week at $497.35.

A mixed start to the week saw Binance Coin fall to a Sunday intraweek low $416.04 before making a move.

Binance Coin fell through the 23.6% FIB of $490 and the first major support level at $428.

Finding mid-week support, Binance Coin struck a Wednesday intraweek high $625.35 before hitting reverse.

Binance Coin broke back through the first major support level and the 23.6% FIB.

Coming up against the first major resistance level at $623, however, Binance Coin fell back through the 23.6% FIB to sub-$440 levels.

Steering clear of the first major support level, Binance Coin broke back through the 23.6% FIB to end the week at $497 levels.

4 days in the red that included a 6.24% fall on Sunday and a 7.22% slide on Thursday delivered the downside.

For the week ahead

Binance Coin would need to move through the $513 pivot to bring the first major resistance level at $610 into play.

Support from the broader market would be needed, however, for Binance Coin to break back through to $600 levels.

Barring an extended rally, the first major resistance level and last week’s high $625.35 would likely cap any upside.

In the event of another breakout, Binance Coin could test resistance at $750 before any pullback. The second major resistance level sits at $722.

Failure to move through the $513 pivot would bring the 23.6% FIB of $494 and the first major support level at $401 and 38.2% FIB of $400 into play.

Barring another extended sell-off, Binance Coin should steer well clear of sub-$350 levels and the second major support level at $304.

At the time of writing, Binance Coin was down by 1.07% to $492.05. A mixed start to the week saw Binance Coin rise to an early Sunday morning high $506.34 before falling to a low $487.24.

While leaving the major support and resistance levels untested early on, Binance Coin briefly fell through the 23.6% FIB of $490.

BNBUSD 250421 Daily Chart

Litecoin

Litecoin slid by 25.16% in the week ending 24th April. Reversing a 17.50% gain from the previous week, Litecoin ended the week at $225.30.

A mixed start to the week saw Litecoin rise to a Sunday intraweek high $305.33 before hitting reverse.

Falling short of the first major resistance level at $344, Litecoin slid to a Friday intraweek low $207.10.

Litecoin fell through the 23.6% FIB of $262, the first major support level at $249, and the 38.2% FIB of $217.

Steering clear of sub-$200 levels, Litecoin broke back through the 38.2% FIB to end the week at $225 levels.

7 days in the red that included an 8.93% slide last Sunday delivered the downside for the week.

For the week ahead

Litecoin would need to move through the $246 pivot to bring the first major resistance level at $285 into play.

Support from the broader market would be needed, however, for Litecoin to break out from 23.6% FIB of $262.

Barring an extended crypto rally, the first major resistance level and resistance at $300 would likely limit any upside.

In the event of an extended breakout, Litecoin could test resistance at $350 before any pullback. The second major resistance level sits at $344.

Failure to move through the $246 pivot would bring the 38.2% FIB of $217 and the first major support level at $187 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $148.

At the time of writing, Litecoin was up by 0.72% to $226.93. A mixed start to the week on Sunday saw Litecoin fall to an early morning low $223.26 before rising to a high $231.67.

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

LTCUSD 250421 Daily Chart

Tron’s TRX

Tron’s TRX tumbled by 33.95% in the week ending 24th April. Reversing a 22.73% jump from the previous week, Tron’s TRX ended the week at $0.1027.

A mixed start to the week saw Tron’s TRX rise to a Sunday intraweek high $0.1577 before hitting reverse.

Falling short of the first major resistance level at $0.1875, Tron’s TRX slid to a Friday intraweek low $0.08798.

The sell-off saw Tron’s TRX fall through the 23.6% FIB of $0.1426, the first major support level at $0.1203, and the 38.2% FIB of $0.1167.

Steering clear of the second major support level at $0.08517, Tron’s TRX revisited $0.11 levels before ending the week at sub-$0.11 levels.

The 38.2% FIB of $0.1167 pinned Tron’s TRX back at the end of the week.

6 days in the red that included a 7.7% fall on Sunday, a 9.19% slide on Monday, and an 11.08% tumble on Thursday delivered the downside.

For the week ahead

Tron’s TRX would need to move through the $0.1161 pivot and 38.2% FIB of $0.1167 to support a run at the first major resistance level at $0.1443.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the 23.6% FIB of $0.1426.

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

In the event of another extended rally, Tron’s TRX could tests resistance at $0.17 before any pullback. The second major resistance level sits at $0.1859.

Failure to move back through the $0.1161 pivot would bring the first major support level at $0.07455 and the 62% FIB of $0.0748 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.070 levels. The second major support level sits at $0.04641.

At the time of writing, Tron’s TRX was up by 1.79% to $0.1046. A mixed start to the week saw Tron’s TRX fall to an early Sunday low $0.1016 before rising to a high $0.1070.

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

TRXUSD 110421 Daily Chart

The Crypto Daily – Movers and Shakers – April 22nd, 2021

Depositphotos_197585438_s-2019

Bitcoin, BTC to USD, slid by 4.77% on Wednesday. Reversing a 1.53% gain from Tuesday, Bitcoin ended the day at $53,780.0.

A bullish start to the day saw Bitcoin rise to a late morning intraday high $56,790.0 before hitting reverse.

Falling short of the first major resistance level at $57,935, Bitcoin slid to a late intraday low $53,609.0.

The sell-off saw Bitcoin fall through the first major support level at $54,173 to end the day at $53,700 levels.

The near-term bullish trend remained intact in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Crypto.com Coin, (+5.19%), Ethereum (+1.07%), and Polkadot (+0.06%) bucked the trend on the day.

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

Binance Coin (-7.38%), Chainlink (-6.76%), and Ripple’s XRP (-6.95%) led the way down.

Bitcoin Cash SV (-1.22%), Cardano’s ADA (-5.11%), and Litecoin (-1.18%) also struggled, however.

In the current week, the crypto total market rose to a Monday high $2,100bn before sliding to a Tuesday low $1,839bn. At the time of writing, the total market cap stood at $1,954bn.

Bitcoin’s dominance rose to a Tuesday high 54.32% before falling to a Wednesday low 50.74%. At the time of writing, Bitcoin’s dominance stood at 51.58%.

This Morning

At the time of writing, Bitcoin was up by 0.34% to $53,964.0. A mixed start to the day saw Bitcoin fall to an early morning low $53,225.0 before rising to a high $54,158.0.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin (-4.83%) and Cardano’s ADA (-0.12%) saw red to buck the trend early on.

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

At the time of writing, Ethereum was up by 1.14% to lead the way.

BTCUSD 220421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $54,726 to bring the first major resistance level at $55,844 into play.

Support from the broader market would be needed for Bitcoin to break out from $55,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $56,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $57,907.

Failure to move through the $54,726 pivot would bring the first major support level at $52,663 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$50,000 levels. The second major support level at $51,545 should limit the downside.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 21/04/21

Pattern of coins LTC, ETH, BTC, XMR, XRP on a dark background. Business concept.

Binance Coin Price Resistance

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

A mixed start to the week, however, saw Binance Coin slide to a Sunday current week low $416.04 before making a move.

The sell-off saw Binance Coin fall through the 23.6% FIB of $494 and the first major support level at $428.

Finding late support on Sunday, however, and through Monday and Tuesday, Binance Coin struck a Tuesday high $594.80.

While breaking back through the first major support level and 23.6% FIB, Binance Coin fell short of the first major resistance level at $623.

For the current week, Sunday through Tuesday, Binance Coin was up by 14.16% to $587.63.

2 days in the green that included an 16.49% rally on Tuesday delivered the early upside. A 6.24% slide on Sunday limited the upside, however.

The near-term bullish trend remained intact supported by the current week gain. For the bears, a sustained fall through the 62% FIB of $250 would form a near-term bearish trend.

It has been a particularly bullish start to the year, with Binance Coin up by 1,469%.

At the time of writing, Binance Coin was up by 0.75 % to $592.02. A mixed start to the day on Wednesday saw Binance Coin fall to an early Wednesday low $569.78 before rising to a high $607.44.

Binance Coin briefly fell back through the first major resistance level at $548.

BNBUSD 210421 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the pivot at $536 to bring the first major resistance level at $623 back into play.

Barring an extended rally going into the weekend, the first major resistance level and last week’s high $643.66 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $700 before any pullback. The second major resistance level sits at $731.

Failure to avoid a fall back through the $536 pivot would bring the 23.6% FIB of $494 into play.

Barring another extended sell-off going into the weekend, however, Binance Coin should steer of the first major support level at $428.

Looking at the Technical Indicators

Major Support Level: $428

Major Resistance Level: $623

23.6% FIB Retracement Level: $494

38.2% FIB Retracement Level: $400

62% FIB Retracement Level: $250