Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 30/05/21

Crypto00 567

Binance Coin

Binance Coin rose by 1.76% in the week ending 29th May. Partially reversing the previous week’s 46.75% sell-off, Binance Coin ended the week at $305.20.

A bearish start to the week saw Binance Coin slide to a Sunday intraweek low $219.95 before finding support.

While steering clear of the first major support level at $167, Binance Coin fell through the 62% FIB of $273.

Avoiding sub-$200 levels, Binance Coin bounced back to a Wednesday intraweek high $395.42 before easing back.

While falling well short of the first major resistance level at $523, Binance Coin broke back through the 62% FIB to end the week at $300 levels.

5 days in the red that included an 12.94% slump on Sunday and an 11.03% slide on Friday delivered the downside.

For the week ahead

Binance Coin would need to move through the $307 pivot to bring the first major resistance level at $394 into play.

Support from the broader market would be needed, however, for Binance Coin to break back through to $350 levels.

Barring an extended rally, the first major resistance level and resistance at $400 should limit any upside.

In the event of a broad-based crypto rebound, Binance Coin could test resistance at the 38.2% FIB of $438 before any pullback. The second major resistance level sits at $482.

Failure to move through the $307 pivot would bring the 62% FIB of $273 and the first major support level at $218 into play.

Barring another extended sell-off, however, Binance Coin should steer clear of sub-$200 levels. The second major support level sits at $131.

At the time of writing, Binance Coin was down by 3.29% to $295.16. A mixed start to the week saw Binance Coin rise to an early Sunday high $306.18 before falling to a low $290.65.

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

BNBUSD 300521 Daily Chart

Litecoin

Litecoin fell by 3.16% in the week ending 29th May. Following a 43.53% slump from the previous week, Litecoin ended the week at $164.12.

A mixed start to the week saw Litecoin slide to a Sunday intraweek low $117.58 before making a move.

Steering clear of the first major support level at $102, Litecoin bounced back to a Thursday intraweek high $208.98.

While falling short of the first major resistance level at $280, Litecoin broke back through the 62% FIB of $174.

A bearish 2nd half of the week, however, saw Litecoin fall back through the 62% FIB to end the week at $164 levels.

5 days in the red that included an 15.79% slide on Sunday delivered the downside in the week.

For the week ahead

Litecoin would need to move through the $164 pivot and the 62% FIB of $174 to bring the first major resistance level at $210 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $200 levels.

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

In the event of a broad-based crypto rebound, Litecoin could test resistance at the 38.2% FIB of $265. The second major resistance level sits at $255.

Failure to move through $164 pivot and the 62% FIB of $174 would bring the first major support level at $118 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of sub-$100 levels. The second major support level sits at $72.

At the time of writing, Litecoin was down by 4.33% to $157.02. A bearish start to the week saw Litecoin fall from an early Sunday high $164.37 to a low $155.28.

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

LTCUSD 300521 Daily Chart

Tron’s TRX

Tron’s TRX fell by 9.47% in the week ending 29th May. Following on from a 37.27% slide from the previous week, Tron’s TRX ended the week at $0.06854.

A choppy start to the week saw Tron’s TRX slide to a Sunday intraweek low $0.05474 before making a move.

While steering clear of the first major support level at $0.04346, Tron’s TRX fell through the 62% FIB of $0.0748.

Finding support on Monday, Tron’s TRX rallied to a Wednesday intraweek high $0.08666.

While falling short of the first major resistance level at $0.1202, Tron’s TRX broke back through the 62% FIB.

A bearish end to the week, however, saw Tron’s TRX fall back through the 62% FIB to end the week at sub-$0.70 levels.

4 days in the red that included a 16.52% tumble on Sunday and a 9.20% slide on Friday delivered the downside.

For the week ahead

Tron’s TRX would need to move through the $0.6998 pivot and the 62% FIB of $0.07480 to support a run at the first major resistance level at $0.08522.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.08 levels.

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

In the event of an extended rally, Tron’s TRX could test the second major resistance level at $0.1019.

Failure to move through the $0.06998 pivot would bring the first major support level at $0.05330 into play.

Barring another extended crypto sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.03806.

At the time of writing, Tron’s TRX was down by 1.84% to $0.06728. A mixed start to the week saw Tron’s TRX rise to an early Sunday high $0.06929 before falling to a low $0.06579.

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

TRXUSD 300521 Daily Chart

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

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

Bitcoin, BTC to USD, rose by 2.42% on Wednesday. Reversing a 1.17% loss from Tuesday, Bitcoin ended the day at $39,301.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $37,851.6 before making a move.

Steering clear of the first major support level at $36,625, Bitcoin rose to a late morning intraday high $40,884.0.

Bitcoin broke through the first major resistance level at $40,000.

Coming up against resistance at $41,000, Bitcoin fell back into the red before a late move back through to $39,300 levels.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$30,000 levels. For the bears, Bitcoin would need a sustained fall 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.

Cardano’s ADA and Chainlink led the way, with gains of 14.58% and 23.43% respectively.

Binance Coin (+10.41%) and Bitcoin Cash SV  (+11.69%), Litecoin (+8.28%) and Polkadot (+8.14%) also found strong support.

Crypto.com Coin (+4.31%), Ethereum (+6.72%), and Ripple’s XRP (+5.83%) trailed the front runners, however.

In the current week, the crypto total market fell to a Monday low $1,368bn before rising to a Wednesday high $1,786bn. At the time of writing, the total market cap stood at $1,699bn.

Bitcoin’s dominance rose to a Monday high 47.08% before falling to a Thursday low 42.56%. At the time of writing, Bitcoin’s dominance stood at 42.86%.

This Morning

At the time of writing, Bitcoin was down by 1.00% to $38,907.0. A mixed start to the day saw Bitcoin rise to an early morning high $39,322.4 before falling to a low $38,855.0.

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

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

Crypto.com Coin was up by 0.78% 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 2.77% to lead the way down.

BTCUSD 270521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $39,346 to bring the first major resistance level at $40,840 into play.

Support from the broader market would be needed for Bitcoin to break out from to $40,500 levels.

Barring a broad-based crypto rally, the first major resistance level and Wednesday’s high $40,884 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $43,000 levels. The second major resistance level sits at $42,378. Bitcoin would need plenty of support, however, to breakout from the 38.2% FIB of $41,592.

Failure to move through the pivot at $39,347 would bring the first major support level at $37,807 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$36,000 levels. The second major support level at $36,313 should limit the downside.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 26/05/21

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Resistance

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

Binance Coin tumbled to a Sunday current week low $210.95 before making a move.

The Sunday sell-off saw Binance Coin slide through the 62% FIB of $273 before rallying to a Tuesday current week high $378.82.

While breaking back through the 62% FIB, Binance Coin fell well short of the 38.2% FIB of $438 and the first major resistance level at $523.

A pullback from the current week high saw Binance Coin visit $304 levels before moving back through to $340 levels.

For the current week, Sunday through Tuesday, Binance Coin was up by 14.64% to $343.84. A 32.55% surge on Monday delivered the upside in the early part of the week.

The near-term bullish trend remained intact in spite of the current week’s losses. For the bears, a sustained fall through the 62% FIB of $272 would form a near-term bearish trend.

It has been a particularly bullish start to the year, with Binance Coin up by 818%.

At the time of writing, Binance Coin was up by 2.42% to $352.15. A mixed start to the day on Wednesday saw Binance Coin fall to an early morning low $335.46 before rising to a high $353.07.

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

BNBUSD 260521 Daily Chart

For the remainder of the week

Binance Coin would need to move through the pivot at $390 to bring the first major resistance level at $523 back into play.

Support from the broader market would be needed, however, for Binance Coin to break out from the 38.2% FIB of $438.

Barring an extended rally going into the weekend, resistance at the 38.2% FIB would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $550 before any pullback. The second major resistance level sits at $745.

Failure to move through the $390 pivot would bring the 62% FIB of $273 and the first major support level at $167 back into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer of sub-$200 levels. The second major support level sits at $34.

Looking at the Technical Indicators

Major Support Level: $167

Major Resistance Level: $523

23.6% FIB Retracement Level: $540

38.2% FIB Retracement Level: $438

62% FIB Retracement Level: $273

The Crypto Daily – The Movers and Shakers – May 25th, 2021

Different cryptocurrencies in a circle with a golden bitcoin in

Bitcoin, BTC to USD, rallied by 11.79% on Monday. Reversing a 7.53% decline from Sunday, Bitcoin ended the day at $38,845.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $34,500.0 before making a move.

Steering clear of the first major support level at $31,196, Bitcoin rallied to a late intraday high $39,966.0.

Bitcoin broke through the first major resistance level at $38,341 to test resistance at $40,000 before easing back.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$30,000 levels. For the bears, Bitcoin would need a sustained fall 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.

Binance Coin surged by 32.54% to lead the way, with Chainlink (+31.24%) close behind.

Crypto.com Coin (+21.36%), Ethereum (+26.25%), Litecoin (+29.89%), and Ripple’s XRP (+25.42%) also made solid gains.

Bitcoin Cash SV (+18.00%), Cardano’s ADA (+18.05%), and Polkadot (+16.15%) trailed the front runners, however.

Early in the week, the crypto total market rose from a Monday low $1,368bn to a Tuesday high $1,706bn. At the time of writing, the total market cap stood at $1,675bn.

Bitcoin’s dominance rose to a Monday high 47.08% before falling to a Tuesday low 43.75%. At the time of writing, Bitcoin’s dominance stood at 43.87%.

This Morning

At the time of writing, Bitcoin was up by 1.03% to $39,244.0. A mixed start to the day saw Bitcoin fall to an early morning low $38,558.0 before rising to a high $39,250.0.

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

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

At the time of writing, Crypto.com Coin was up by 7.59% to lead the way.

BTCUSD 250521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $37,770 to bring the first major resistance level at $41,041 into play.

Support from the broader market would be needed for Bitcoin to break out from $40,000 levels.

Barring a broad-based crypto rally, the first major resistance level and 38.2% FIB of $41,592 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance the second major resistance level at $43,236.

Failure to avoid a fall through the pivot at $37,770 would bring the first major support level at $35,575 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$35,000 levels. The second major support level sits at $32,304.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX –230521

Bitcoin coin on white keyboard

Binance Coin

Binance Coin tumbled by 46.75% in the week ending 22nd May. Following a 12.94% fall from the previous week, Binance Coin ended the week at $300.00.

A mixed start to the week saw Binance Coin rise to a Sunday intraweek high $612.57 before hitting reverse.

Falling short of the first major resistance level at $673, Binance Coin tumbled to a Wednesday intraweek low $256.77.

The sell-off saw Binance Call fall through the first major support level at $482 and the second major support level at $401.

Significantly, Binance Coin also fell through the 23.6% FIB of $540, the 38.2% FIB of $438, and the 62% FIB of $273.

Steering clear of the third major support level at $210, Binance Coin broke back through the 62% FIB to end the week at $300 levels.

5 days in the red that included an 33.96% slump on Wednesday delivered the downside.

For the week ahead

Binance Coin would need to move through the $390 pivot and the 38.2% FIB of $438 to bring the first major resistance level at $523 into play.

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

Barring an extended rally, 38.2% FIB of $438 would likely leave Binance Coin short of the first major resistance level.

In the event of another breakout, Binance Coin could test resistance at the 23.6% FIB of $540 before any pullback. The second major resistance level sits at $746.

Failure to move through the $390 pivot would bring the 62% FIB of $273 and the first major support level at $167 into play.

Barring another extended sell-off, however, Binance Coin should steer clear of sub-$200 levels. The second major support level sits at $34.

At the time of writing, Binance Coin was up by 3.21% to $309.62. A mixed start to the week on Sunday saw Binance Coin fall to an early morning low $292.28 before rising to a high $311.25.

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

BNBUSD 230521 Daily Chart

Litecoin

Litecoin tumbled by 43.53% in the week ending 22nd May. Following a 13.68% slide from the previous week, Litecoin ended the week at $169.48.

A mixed start to the week saw Litecoin rise to a Sunday intraweek high $324.19 before hitting reverse.

While falling short of the first major resistance level at $379, Litecoin broke through the 23.6% FIB of $322.

The sell-off saw Litecoin tumble to a Wednesday intraweek low $146.19.

Litecoin fell through the first major support level at $256 and the second major support level at $212.

More significantly, Litecoin fell through the 23.6% FIB of $322, the 38.2% FIB of $265, and the 62% FIB of $174.

Finding support late in the week, Litecoin revisited $232 levels before sliding back to end the week at sub-$170 levels.

5 days in the red that included an 36.54% tumble on Wednesday delivered the downside in the week.

For the week ahead

Litecoin would need to move through the 62% FIB of $174 and the $213 pivot to bring the 38.2% FIB of $265 and the first major resistance level at $280 into play.

Support from the broader market would be needed, however, for Litecoin to breakout from $250 levels.

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

In the event of a broad-based crypto rebound, Litecoin could test resistance $300. The second major resistance level sits at $391.

Failure to move through the 62% FIB of $174 and the $213 pivot would bring the first major support level at $102 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of sub-$100 levels. The second major support level sits at $35.

At the time of writing, Litecoin was up by 2.22% to $173.24. A mixed start to the week saw Litecoin fall to an early Sunday morning low $165.73 before rising to a high $173.92

While leaving the major support and resistance levels untested early on, Litecoin tested resistance at the 62% FIB of $174.

LTCUSD 230521 Daily Chart

Tron’s TRX

Tron’s TRX slid by 37.27% in the week ending 22nd May. Following on from a 15.49% slide in the previous week, Tron’s TRX ended the week at $0.07572.

A choppy start to the week saw Tron’s TRX rise to a Sunday intraweek high $0.1325 before hitting reverse.

Falling short of the 23.6% FIB of $0.1426 and the first major resistance level at $0.466, Tron’s TRX tumbled to a Wednesday intraweek low $0.05573.

Tron’s TRX fell through the first major support level at $0.09887 and the second major support level at $0.07713.

More significantly, Tron’s TRX also fell through the 38.2% FIB of $0.1167 and the 62% FIB of $0.07480.

Finding support late in the week, however, Tron’s TRX broke back through the 62% FIB to revisit $0.09 levels before sliding back.

The 62% FIB of $0.07480 provided support late in the week.

5 days in the red that included a 32.25% tumble on Wednesday delivered the downside.

For the week ahead

Tron’s TRX would need to move through the $0.8798 pivot to support a run at 38.2% FIB of $0.1167 and the first major resistance level at $0.1202.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.10 levels.

Barring a broad-based crypto rally, the 38.2% FIB and the first major resistance level would likely cap any upside.

In the event of an extended rally, Tron’s TRX could tests resistance at the 23.6% FIB of $0.1426 before any pullback. The second major resistance level sits at $0.1648.

Failure to move through the $0.08798 pivot would bring the 62% FIB of $0.0748 and the first major support level at $0.4347 into play.

Barring another extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.050 levels. The second major support level sits at $0.01121.

At the time of writing, Tron’s TRX was up by 1.59% to $0.07692. A mixed start to week day saw Tron’s TRX fall to an early Sunday morning low $0.07344 before rising to a high $0.07794.

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

TRXUSD 230521 Daily Chart

The Crypto Daily – Movers and Shakers – May 20th, 2021

Golden bitcoin coin on keyboard

Bitcoin, BTC to USD, slid by 14.37% on Wednesday. Following on from a 1.47% decline on Tuesday, Bitcoin ended the day at $36,733.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $43,600.0 before hitting reverse.

Falling short of the first major resistance level at $45,028, Bitcoin slumped to an early afternoon intraday low $29,563.0.

Bitcoin fell through the day’s major support levels and through the 38.2% FIB of $41,592.

Steering clear of the 62% FIB of $27,237, Bitcoin briefly revisited $40,000 levels before sliding back into the deep red.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$30,000 levels. For the bears, Bitcoin would need a sustained fall 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 particularly bearish day on Wednesday. China’s PBoC hit the markets, following statements that institutions should not accept cryptos.

Binance Coin (-33.99%), Chainlink (-38.18%), Litecoin (-36.54%), and Ripple’s XRP (-33.23%) led the way down.

Things were not much better elsewhere, however.

Bitcoin Cash SV (-27.58%), Cardano’s ADA (-26.72%), Crypto.com Coin (-19.83%), Ethereum (-27.63%), and Polkadot (-27.96%) also saw heavy losses.

In the current week, the crypto total market rose to a Monday high $2,160bn before sliding to a Wednesday low $1,207. At the time of writing, the total market cap stood at $1,574bn.

Bitcoin’s dominance fell to a Tuesday low 39.89% before surging to a Wednesday high 45.95%. At the time of writing, Bitcoin’s dominance stood at 44.67%.

This Morning

At the time of writing, Bitcoin was up by 2.34% to $37,593.0. A bullish start to the day saw Bitcoin rise from an early morning low $36,716.0 to a high $38,220.0.

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

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

At the time of writing, Crypto.com Coin was up by 4.81% to lead the way.

BTCUSD 200521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $36,632 to bring the 38.2% FIB of $41,592 and the first major resistance level at $43,701 into play.

Support from the broader market would be needed for Bitcoin to break back through to $40,000 levels.

Barring a broad-based crypto rebound, resistance at the 38.2% FIB of $41,592 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the 23.6% FIB of $50,473 before any pullback. The second major resistance level sits at $50,669

Failure to avoid a fall through the pivot at $36,632 would bring the first major support level at $29,664 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the 62% FIB of $27,237. The second major support level sits at $22,595.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 19/05/21

Kiev, Ukraine, March, 13, 2018: Coins of different crypto-currencies with dollars

Binance Coin Price Resistance

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

Binance Coin rose to a Sunday high $612.57 before hitting reverse.

Falling short of the first major resistance level at $672, Binance Coin fell through the 23.6% FIB of $540 to a Monday current week low $482.02.

Testing support at the first major support level at $482, Binance Coin broke back through to $500 levels to limit the downside.

Resistance at the 23.6% FIB of $540 pinned Binance Coin back on Tuesday, however.

For the current week, Sunday through Tuesday, Binance Coin was down by 9.79% to $508.25. A 9.15% slide on Monday did the damage in the early part of the week.

The near-term bullish trend remained intact in spite of the current week’s losses. For the bears, a sustained fall through the 62% FIB of $272 would form a near-term bearish trend.

It has been a particularly bullish start to the year, with Binance Coin up by 1,257%.

At the time of writing, Binance Coin was down by 0.45% to $505.98. A mixed start to the day on Wednesday saw Binance Coin fall to an early morning low $501.55 before rising to a high $519.19.

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

BNBUSD 190521 Daily Chart

For the remainder of the week

Binance Coin would need to move back through 23.6% FIB of $540 and the pivot at $591 to bring the first major resistance level at $673 back into play.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $612.57.

Barring an extended rally going into the weekend, the first major resistance level and last 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 $782.

Failure to move back through the 23.6% FIB and the $591 pivot would bring the first major support level at $482 back into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer of the second major support level at $401. The 38.2% FIB of $438 should limit the downside.

Looking at the Technical Indicators

Major Support Level: $482

Major Resistance Level: $673

23.6% FIB Retracement Level: $540

38.2% FIB Retracement Level: $438

62% FIB Retracement Level: $273

The Crypto Daily – Movers and Shakers – May 18th, 2021

Crypto00 567

Bitcoin, BTC to USD, fell by 6.55% on Monday. Following a 0.53% decline on Sunday, Bitcoin ended the day at $43,534.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $46,796.0 before hitting reverse.

Falling short of the first major resistance level at $49,638, Bitcoin slid to a late afternoon intraday low $42,128.0.

Bitcoin fell through the first major support level at $43,789 before revisiting $44,900 levels.

A 2nd pullback, however, saw Bitcoin fall back through the first major support level to end the day at sub-$43,600 levels.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$43,000 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 rose by 3.12% to buck the trend on the day.

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

Bitcoin Cash SV and Cardano’s ADA tumbled by 12.09% and by 11.71% respectively to lead the way down.

Binance Coin (-9.15%), Chainlink (-8.50%), Crypto.com Coin (-9.99%), Ethereum (-8.41%), Litecoin (-4.94%), and Polkadot (-2.71%) also saw red.

Early in the week, the crypto total market rose to a Monday high $2,132bn before falling to a Monday low $1,885bn. At the time of writing, the total market cap stood at $2,025bn.

Bitcoin’s dominance rose to a Monday high 41.50% before falling to a Monday low 40.38%. At the time of writing, Bitcoin’s dominance stood at 41.04%.

This Morning

At the time of writing, Bitcoin was up by 1.94% to $44,380.0. A mixed start to the day saw Bitcoin fall to an early morning low $43,183.0 before rising to a high $44,600.0.

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, Litecoin was up by 3.79% to lead the way.

BTCUSD 180521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $44,153 to support a run at the first major resistance level at $46,177.

Support from the broader market would be needed for Bitcoin to break out from $45,000 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $46,796.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $50,000 before any pullback. The second major resistance level sits at $48,821.

Failure to avoid a fall back through the pivot at $44,153 would bring 38.2% FIB of $41,592 and the first major support level at $41,509 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $39,485.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 16/05/21

Crypto00 567

Binance Coin

Binance Coin slid by 12.94% in the week ending 15th May. Reversing a 4.24% gain from the previous week, Binance Coin ended the week at $563.51.

A mixed start to the week saw Binance Coin rise to a Wednesday intraweek high $700.42 before hitting reverse.

Falling short of the first major resistance level at $709, Binance Coin slid to a Thursday intraweek low $509.71.

The sell-off saw Binance Call fall through the first major support level at $581 and the second major support level at $514.

Significantly, Binance Coin also fell through the 23.6% FIB of $540.

Steering clear of sub-$500 levels, Binance Coin broke back through the second major support levels and 23.6% FIB to end the week at $560 levels.

4 days in the red that included an 11.94% slide on Wednesday and a 6.61% decline on Saturday delivered the downside.

For the week ahead

Binance Coin would need to move through the $591 pivot to bring the first major resistance level at $673 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from $650 levels.

Barring an extended rally, the first major resistance level and early May’s new swing hi $704.62 would likely cap any upside.

In the event of another breakout, Binance Coin could test resistance at $800 before any pullback. The second major resistance level sits at $782.

Failure to move through the $591 pivot would bring the 23.6% FIB of $540 and the first major support level at $482 into play.

Barring an extended sell-off, Binance Coin should steer well clear of the 38.2% FIB of $438. The second major support level sits at $401.

At the time of writing, Binance Coin was 1.02% to $569.26. A mixed start to the week saw Binance Coin fall to an early Sunday low $558.20 before rising to a high $578.64.

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

BNBUSD 160521 Daily Chart

Litecoin

Litecoin slid by 13.68% in the week ending 15th May. Partially reversing a 25.52% rally from the previous week, Litecoin ended the week at $300.18.

A bullish start to the week saw Litecoin rally to a Monday intraweek high and a new swing hi $413.91 before hitting reverse.

Litecoin broke through the first major resistance level at $392 before sliding to a Thursday intraweek low $291.21.

The sell-off saw Litecoin fall through the 23.6% FIB of $322 before finding support.

Steering clear of the first major support level at $284, Litecoin broke back through the 23.6% FIB before a Saturday reversal.

3 days in the red that included an 17.81% tumble on Wednesday and an 8.11% slide on Saturday delivered the downside in the week.

For the week ahead

Litecoin would need to move through the 23.6% FIB of $322 and the $335 pivot to bring the first major resistance level at $379 into play.

Support from the broader market would be needed, however, for Litecoin to breakout from $350 levels.

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

In the event of an extended breakout, Litecoin could test resistance $450. The second major resistance level sits at $458.

Failure to move through the 23.6% FIB of $322 and the $335 pivot would bring 38.2% FIB of $265 and the first major support level at $256 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of sub-$250 levels. The second major support level sits at $212.

At the time of writing, Litecoin was up by 1.51% to $304.70. A mixed start to the week saw Litecoin fall to an early Sunday low $298.40 before rising to a high $307.97.

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

LTCUSD 160521 Daily Chart

Tron’s TRX

Tron’s TRX slid by 15.49% in the week ending 15th May. Reversing a 9.06% gain from the previous week, Tron’s TRX ended the week at $0.1206.

A choppy start to the week saw Tron’s TRX rise to a Monday intraweek high $0.1508 before hitting reverse.

Falling short of the first major resistance level at $0.1744, Tron’s TRX tumbled to a Thursday intraweek low $0.1031.

Tron’s TRX fell through the 23.6% FIB of $0.1426, the 38.2% FIB of $0.1167, and the first major support level at $0.1147.

Steering clear of sub-$0.10 support levels, Tron’s TRX broke back through the first major support level and 38.2% FIB to end the week at $0.12 levels.

3 days in the red that included an 11.56% fall on Monday and a 15.00% slide on Wednesday delivered the downside.

For the week ahead

Tron’s TRX would need to move through the $0.1248 pivot to support a run at 23.6% FIB of $0.1426 and the first major resistance level at $0.1466.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.14 levels.

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

In the event of another extended rally, Tron’s TRX could tests resistance at $0.18 levels before any pullback. The second major resistance level sits at $0.1725.

Failure to move through the $0.1248 pivot would bring the 38.2% FIB of $0.1167 and the first major support level at $0.09887 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.09 levels. The second major support level sits at $0.07713.

At the time of writing, Tron’s TRX was up by 0.98% to $0.1218. Tron’s TRX fall to an early Sunday morning low $0.1190 before rising to a high $0.1240.

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

TRXUSD 160521 Daily Chart

The Crypto Daily – Movers and Shakers – May 13th, 2021

Bitcoin coin on white keyboard

Bitcoin, BTC to USD, slid by 12.52% on Wednesday. Reversing a 1.59% gain from Tuesday, Bitcoin ended the day at $49,614.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $58,000 before hitting reverse.

Bitcoin broke through the first major resistance level at $57,681 before sliding to a late intraday low $48,611.0.

The extended sell-off saw Bitcoin fall through the day’s major support levels.

More significantly, Bitcoin also fell through the 23.6% FIB of $50,473 to end the day at sub-$50,000 levels.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$50,000 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.

Crypto.com Coin and Polkadot rose by 1.52% and by 3.85% respectively to buck the trend on the day.

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

Bitcoin Cash SV tumbled by 21.97% to lead the way, with Litecoin sliding by 17.81%.

Binance Coin (-11.94%), Cardano’s ADA (-11.31%), Chainlink (-14.93%), and Ripple’s XRP (-15.20%) weren’t far behind, however.

Ethereum fell by a more modest 8.45% on the day.

In the current week, the crypto total market rose to a Wednesday high $2,574bn before sliding to an early Thursday low $1,975bn. At the time of writing, the total market cap stood at $2,200bn.

Bitcoin’s dominance rose to a Monday high 46.90% before falling to a Wednesday low 42.16%. At the time of writing, Bitcoin’s dominance stood at 42.29%.

The News Wires

For Bitcoin and the broader market, the latest pullback came from news of Tesla suspending the acceptance of Bitcoin for car purchases. Tesla CEO Musk cited climate concerns over the decision to stop taking Bitcoin as payment.

This Morning

At the time of writing, Bitcoin was up by 0.34% to $49,783.0. A mixed start to the day saw Bitcoin fall to an early morning low $46,601.0 before rising to a high $50,444.0.

While steering clear of the major support and resistance levels, the 23.6% FIB of $50,473 pinned Bitcoin back early on.

Elsewhere, it was a mixed start to the day.

Crypto.com Coin (-12.35%) and Bitcoin Cash SV (-0.33%) saw red to buck the trend early on.

It was a bullish start for the rest of the majors, however, which recovered from early sell-offs.

At the time of writing, Ripple’s XRP was up by 4.63% to lead the way.

BTCUSD 130521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the 23.6% FIB of $50,473 and the pivot level at $52,075 to support a run at the first major resistance level at $55,539.

Support from the broader market would be needed for Bitcoin to break out from the 23.6% FIB of $50,473.

Barring an extended crypto rally, the first major resistance level and 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 $60,464.

Failure to move through the 23.6% FIB and the pivot at $52,075 would bring the first major support level at $46,150 back into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$45,000 levels. The second major support level at sits $42,686.