Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 12/09/21

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Binance Coin

Binance Coin slumped by 18.68% in the week ending 11th September. Reversing a 2.32% gain in the previous week, Binance Coin ended the week at $404.95.

Early in the week, Binance Coin rallied to a Sunday intraweek high $543.90 before hitting reverse.

Binance Coin broke through the first major resistance level at $527 and the 23.6% FIB of $540.

The reversal saw Binance Coin slide to a Tuesday intraweek low $358.50.

Binance Coin fell through the first major support level at $460 and the second major support level at $422.

More significantly, Binance Coin fell back through the 38.2% FIB of $438 to end the week at sub-$410 levels.

4 days in the red that included a 15.66% tumble on Tuesday delivered the downside for the week.

For the week ahead

Binance Coin would need to move through the $436 pivot and the 23.6% FIB of $540 to bring the first major resistance level at $513 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, the first major resistance level and resistance at the 23.6% FIB of $540 would likely limit any upside.

In the event of a broad-based crypto rally, Binance Coin could test resistance at $600 before any pullback. The second major resistance level sits at $621.

Failure to move through the $436 pivot and the 23.6% FIB would bring the first major support level at $328 into play.

Barring an extended sell-off, however, Binance Coin should steer clear of sub-$300 and the 62% FIB of $273. The second major support level sits at $250.

At the time of writing, Binance Coin was down by 1.23% to $399.98. A mixed start to the week saw Binance Coin rise to an early Sunday high $406.18 before falling to a low $398.84.

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

BNBUSD 120921 Daily Chart

Litecoin

Litecoin slid by 15.84% in the week ending 11th September. Partially reversing a 20.67% gain from the previous week, Litecoin ended the week at $178.56.

A bullish start to the week saw Litecoin rise to a Sunday intraweek high $232.64 before hitting reverse

While falling short of the first major resistance level at $236, Litecoin tested resistance at the 38.2% FIB of $223.

The reversal saw Litecoin slide to a Tuesday intraweek low $161.00.

Litecoin fell back through the 38.2% FIB and through the 23.6% FIB of $178 and the first major support level at $177.

Finding support at the end of the week, however, Litecoin broke back through the first major support level and the 23.6% FIB to end the week at $178 levels.

3 days in the red that included an 18.73% tumble on Tuesday delivered the downside for the week.

For the week ahead

Litecoin would need to move through the 23.6% FIB and the $191 pivot to bring the first major resistance level at $221 and the 38.2% FIB of $223 into play.

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

Barring an extended crypto rally, the first major resistance level and the 38.2% FIB would likely limit any upside.

In the event of another broad-based crypto rally, Litecoin could test resistance at $250 before any pullback. The second major resistance level sits at $262.

Failure to move through the 23.6% FIB and the $191 pivot would bring the first major support level at $149 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$150 levels. The second major support level sits at $119.

At the time of writing, Litecoin was down by 1.53% to $175.83. A mixed start to the week saw Litecoin rise to an early Sunday high $179.33 before falling to a low $175.25.

While leaving the major support and resistance levels untested, Litecoin fell through the 23.6% FIB of $178.

LTCUSD 120921 Daily Chart

Tron’s TRX

Tron’s TRX fell by 6.48% in the week ending 11th September. Partially reversing a 15.06% rally from the previous week, Tron’s TRX ended the week at $0.09530.

A mixed start to the week saw Tron’s TRX rise to a Monday intraweek high $0.1093 before hitting reverse.

While falling short of the first major resistance level at $0.1126, Tron’s TRX broke through the 38.2% FIB of $0.09890.

The reversal saw Tron’s TRX slide to a Tuesday intraweek low $0.07452.

Tron’s TRX fell through the 38.2% FIB and the first major support level at $0.08777.

Of greater significance was a fall through the 23.6% FIB of $0.07870 before finding support.

Through the 2nd half of the week, Tron’s TRX broke back through the 23.6% FIB and the major support levels to end the week at $0.095 levels.

3 days in the red that included a 17.37% slump on Tuesday delivered the downside.

For the week ahead

Tron’s TRX would need to avoid the $0.09304 pivot to support a run at the first major resistance level at $0.1116.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the 38.2% FIB of $0.09890.

Barring a broad-based crypto rally, first major resistance level and last week’s high $0.1093 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at the 62% FIB of $0.1316. The second major resistance level sits at $0.1278.

A fall through the $0.09304 pivot would bring the 23.6% FIB of $0.07870 and the first major support level at $0.07678 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 $0.05826.

At the time of writing, Tron’s TRX was down by 1.21% to $0.09414. A mixed start to the week saw Tron’s TRX rise to an early Sunday morning high $0.09693 before falling to a low $0.09408.

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

TRXUSD 120921 Daily Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 08/09/21

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Binance Coin Price Support

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

A bullish start to the week saw Binance Coin rally to a Sunday high $543.90 before hitting reverse.

Binance Coin broke through the first major resistance level at $527 and the 23.6% FIB of $540.

The reversal, however, saw Binance Coin slide to a Tuesday current week low $358.50.

Binance Coin fell through the first major support level at $460 and the second major support level at $422.

The extended sell-off also saw Binance Coin fall through the 38.2% FIB of $438 before a partial recovery to $400 levels.

For the current week, Sunday through Tuesday, Binance Coin was down by 15.93% to $418.62. Two days in the red from three that included a 15.66% tumble on Tuesday did the damage.

The near-term bullish trend remained intact in spite of the return to sub-$400 levels. For the bears, a sustained fall through the 62% FIB of $272 would form a near-term bearish trend.

It has been a bullish year-to-date, however, with Binance Coin up by 1,018% year-to-date.

At the time of writing, Binance Coin was down by 0.43% to $416.84. A mixed start to the day on Wednesday saw Binance Coin fall to an early morning low $411.70 before rising to a high $421.03.

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

BNBUSD 080921 Daily Chart

For the remainder of the week

Binance Coin would need to move back through the major support levels and the $489 pivot to bring the first major resistance level at $527 back 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 going into the weekend, the first major resistance level and 23.6% FIB of $540 would likely cap any upside.

In the event of a broad-based crypto rebound, however, Binance Coin could test resistance at $600 before any pullback. The second major resistance level sits at $556.

Failure to move back through the major support levels and the $489 pivot would bring the third major support level at $355 back into play.

Barring an extended sell-off, however, Binance Coin should steer clear of sub-$300 support levels.

Looking at the Technical Indicators

First Major Support Level: $460

Pivot Level: $489

First Major Resistance Level: $527

23.6% FIB Retracement Level: $540

38.2% FIB Retracement Level: $438

62% FIB Retracement Level: $273

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 05/09/21

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

Binance Coin

Binance Coin rose by 2.32% in the week ending 4th September. Following an 8.28% gain in the previous week, Binance Coin ended the week at $497.81.

Early in the week, Binance Coin fell to a Tuesday intraweek low $451.55 before making a move.

Steering clear of the first major support level at $441 and the 38.2% FIB of $438, Binance Coin rallied to a Thursday intraweek high $518.63.

Falling short of the first major resistance level at $526, Binance Coin fell back to sub-$470 before finding support.

A bullish end to the week saw Binance Coin test resistance at $500 before easing back.

4 days in the green that included a 5.5% rally on Wednesday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid the $489 pivot to bring the first major resistance level at $527 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from last week’s high $518.63.

Barring an extended rally, the first major resistance level and resistance at the 23.6% FIB of $540 would likely limit any upside.

In the event of a broad-based crypto rally, Binance Coin could test resistance at $600 before any pullback. The second major resistance level sits at $556.

A fall through the $489 pivot would bring the first major support level at $460 into play.

Barring an extended sell-off, however, Binance Coin should steer clear of the second major support level at $422. The 38.2% FIB of $438 should limit the downside.

At the time of writing, Binance Coin was up by 0.49% to $500.23. A mixed start to the week saw Binance Coin fall to an early Sunday low $493.35 before rising to a high $501.26.

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

BNBUSD 050921 Daily Chart

Litecoin

Litecoin rallied by 20.67% in the week ending 4th September. Reversing a 2.21% decline from the previous week, Litecoin ended the week at $212.12.

A bearish start to the week saw Litecoin fall to a Tuesday intraweek low $165.67 before making a move.

Coming within range of the first major support level at $163, Litecoin surged to a Saturday intraweek high $225.25.

Litecoin broke through the first major resistance level at $190 and the second major resistance level at $204.

More significantly, Litecoin also broke through the 23.6% FIB of $178 and through the 38.2% FIB of $223 before ending the week at sub-$220.

4 days in the green that included a 16.30% surge on Friday delivered the upside for the week.

For the week ahead

Litecoin would need to avoid the $201 pivot to bring the 38.2% FIB of $223 and the first major resistance level at $236 into play.

Support from the broader market would be needed, however, for Litecoin to break through to $230 levels.

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

In the event of another broad-based crypto rally, Litecoin could test resistance at $270 before any pullback. The second major resistance level sits at $261.

A fall through the $201 pivot would bring the 23.6% FIB of $178 and the first major support level at $177 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$170 levels. The second major support level sits at $141.

At the time of writing, Litecoin was up by 2.26% to $216.91. A mixed start to the week saw Litecoin fall to an early Sunday morning low $210.57 before rising to a high $218.07.

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

LTCUSD 050921 Daily Chart

Tron’s TRX

Tron’s TRX rallied by 15.06% in the week ending 4th September. Following a modest 0.10% gain from the previous week, Tron’s TRX ended the week at $0.1019.

A mixed start to the week saw Tron’s TRX fall to a Monday intraweek low $0.08436 before making a move.

Steering clear of the first major support level at $0.08239, Tron’s TRX rallied to a Friday intraweek high $0.1092.

Tron’s TRX broke through the week’s major resistance levels and through the 38.2% FIB of $0.9890 to end the week at $1.0 levels.

5 days in the green that included a 6.94% rally on Wednesday and a 5.04% gain on Thursday delivered the upside.

For the week ahead

Tron’s TRX would need to avoid the 38.2% FIB of $0.09890 and the $0.09849 pivot to support a run at the first major resistance level at $0.1126.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.1092.

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 resistance at the 62% FIB of $0.1316. The second major resistance level sits at $0.1233.

A fall through the 38.2% FIB and the $0.09849 pivot would bring the first major support level at $0.08777 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of the 23.6% FIB of $0.07870. The second major support level sits at $0.07365.

At the time of writing, Tron’s TRX was up by 0.43% to $0.1023. A mixed start to the week saw Tron’s TRX fall to an early Sunday low $0.1011 before rising to a high $0.1040.

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

TRXUSD 050921 Daily Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 01/09/21

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

Binance Coin Price Support

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

A bullish start to the week saw Binance Coin rise to a Sunday high $500.57 before hitting reverse.

Falling short of the first major resistance level at $526, Binance Coin slid to a Tuesday current week low $451.55.

Steering clear of the first major support level at $441 and the 38.2% FIB of $438, Binance Coin briefly revisited $480 levels before easing back.

For the current week, Sunday through Tuesday, Binance Coin was down by 4.58% to $464.24. Two days in the red from three that included a 4.18% slide on Monday did the damage.

The near-term bullish trend remained intact supported by the return to $500 levels. For the bears, a sustained fall through the 62% FIB of $272 would form a near-term bearish trend.

It has been a bullish year-to-date, however, with Binance Coin up by 1,139% year-to-date.

At the time of writing, Binance Coin was down by 1.50% to $457.28. A mixed start to the day on Wednesday saw Binance Coin rise to an early morning high $466.69 before falling to a low $455.06.

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

BNBUSD 010921 Daily Chart

For the remainder of the week

Binance Coin would need to move back through the $481 pivot to bring the first major resistance level at $526 back into play.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $500.57.

Barring an extended rally going into the weekend, the first major resistance level and 23.6% FIB of $540 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $600 before any pullback. The second major resistance level sits at $566.

Failure to move back through the $481 pivot would bring the first major support level at $441 and the 38.2% FIB of $438 back into play.

Barring an extended sell-off, however, Binance Coin should steer clear of sub-$400 support levels. The second major support level sits at $396.

Looking at the Technical Indicators

First Major Support Level: $441

Pivot Level: $481

First Major Resistance Level: $526

23.6% FIB Retracement Level: $540

38.2% FIB Retracement Level: $438

62% FIB Retracement Level: $273

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 29/08/21

Silver and golden coins with bitcoin, ripple and ethereum symbol

Binance Coin

Binance Coin rose by 8.28% in the week ending 28th August. Following a 9.78% gain in the previous week, Binance Coin ended the week at $486.46.

Early in the week, Binance Coin fell to a Sunday intraweek low $435.44 before making a move.

While steering clear of the first major support level at $400, Binance Coin fell through the 38.2% FIB of $438.

A bullish Monday saw Binance Coin rally to a Monday intraweek high $520.28.

Binance Coin broke through the first major resistance level at $484 and the second major resistance level at $518.

More significantly, Binance Coin also broke back through the 38.2% FIB before falling back to sub-$450 levels.

Binance Coin fell back through the major resistance levels before briefly revisiting $520 levels

A second pullback, however, saw Binance Coin fall back through the second major resistance level to end the week at sub-$500 levels. The first major resistance level at $484 delivered support late in the week.

3 days in the green that included an 11.27% rally on Monday and a 6.71% gain on Wednesday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid the $481 pivot to bring the first major resistance level at $526 into play.

Support from the broader market would be needed, however, for Binance Coin to break back through to $520 levels.

Barring an extended rally, the first major resistance level and resistance at the 23.6% FIB of $540 would likely limit any upside.

In the event of a broad-based crypto rally, Binance Coin could test resistance at $600 before any pullback. The second major resistance level sits at $566.

A fall through the $481 pivot would bring the first major support level at $441 and the 38.2% FIB of $438 into play.

Barring an extended sell-off, however, Binance Coin should steer clear of sub-$400 levels. The second major support level sits at $396.

At the time of writing, Binance Coin was up by 0.57% to $489.22. A mixed start to the week saw Binance Coin fall to an early Sunday low $484.22 before rising to a high $490.63.

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

BNBUSD 290821 Daily Chart

Litecoin

Litecoin fell by 2.21% in the week ending 28th August. Following a 1.69% decline from the previous week, Litecoin ended the week at $175.75.

A bullish start to the week saw Litecoin rise to a Monday intraweek high $191.80 before hitting reverse.

Coming up against the first major resistance level at $192, Litecoin slid to a Thursday intraweek low $165.12.

The reversal saw Litecoin fall through the 23.6% FIB of $178 and the first major support level at $165.

Finding support late in the week, however, Litecoin broke back through first major support level to end the week at $175 levels. The 23.6% FIB pinned Litecoin back late in the week.

3 days in the red that included a 7.24% slide on Tuesday and a 5.70% decline on Thursday delivered the downside for the week.

For the week ahead

Litecoin would need to avoid a fall back through the $178 pivot and the 23.6% FIB of $178 to bring the first major resistance level at $190 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $185 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $195 would likely limit any upside.

In the event of another broad-based crypto rally, Litecoin could test resistance at $210 before any pullback. The second major resistance level sits at $204.

A fall back through the $178 pivot would bring the first major support level at $163 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$155 levels. The second major support level sits at $151.

At the time of writing, Litecoin was up by 2.04% to $179.33. A bullish start to the week saw Litecoin rise from an early Sunday low $175.33 to a high $179.50.

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

LTCUSD 290821 Daily Chart

Tron’s TRX

Tron’s TRX rose by 0.10% in the week ending 28th August. Following a 4.71% decline from the previous week, Tron’s TRX ended the week at $0.08855.

A mixed start to the week saw Tron’s TRX rise to a Monday intraweek high $0.09196 before hitting reverse.

Falling short of the first major resistance level at $0.09737, Tron’s TRX fell to a Thursday intraweek low $0.08102.

Steering clear of the first major support level at $0.08024, Tron’s TRX recovered to end the week at $0.088 levels.

3 days in the red that included a 5.79% slide on Tuesday and a 4.91% decline on Thursday pegged Tron’s TRX back, however.

For the week ahead

Tron’s TRX would need to avoid the $0.08718 pivot to support a run at the first major resistance level at $0.09333.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.09196.

Barring a broad-based crypto rally, first major resistance level and resistance at $0.095 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at the 38.2% FIB of $0.09890. The second major resistance level sits at $0.09812.

A fall through the $0.08718 pivot would bring the first major support level at $0.08239 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.07624. The 23.6% FIB of $0.07870 should limit the downside.

At the time of writing, Tron’s TRX was up by 0.83% to $0.08929. A mixed start to the week saw Tron’s TRX fall to an early Sunday low $0.08780 before rising to a high $0.08989.

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

TRXUSD 290821 Daily Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 25/08/21

Depositphotos_179061572_s-2019

Binance Coin Price Resistance

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

A bearish start to the week saw Binance Coin fall to a Sunday low $435.44 before making a move.

While steering clear of the first major support level at $400, Binance Coin fell through the 38.2% FIB of $438.

A bullish Monday, however, saw Binance Coin rally to a Monday current week high $520.28.

Binance Coin broke back through the 38.2% FIB, the first major resistance level at $484, and the second major resistance level at $518.

A bearish Tuesday, however, saw Binance Coin fall back through the major resistance levels to end the day at $471 levels.

For the current week, Sunday through Tuesday, Binance Coin was up by 5.04% to $471.87. An 11.72% rally on Monday delivered the early gains. A 5.56% slide on Tuesday pared some of the gains, however.

The near-term bullish trend remained intact supported by the return to $500 levels. For the bears, a sustained fall through the 62% FIB of $272 would form a near-term bearish trend.

It has been a bullish year-to-date, however, with Binance Coin up by 1,160% year-to-date.

At the time of writing, Binance Coin was up by 2.20% to $482.28. A mixed start to the day on Wednesday saw Binance Coin fall to an early low $470.76 before rising to a high $482.94.

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

BNBUSD 250821 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the 38.2% FIB of $438 and the $434 pivot to bring the Binance first major resistance level at $484 back 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 going into the weekend, the second major resistance level at $518 and current week high $520.28 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at the 23.6% FIB of $540 before any pullback. The third major resistance level sits at $602.

A fall back through the 38.2% FIB of $438 and the $434 pivot would bring first major support level at $400 back into play. Barring an extended sell-off, however, Binance Coin should steer clear well clear of the second major support level at $350

Looking at the Technical Indicators

First Major Support Level: $400

Pivot Level: $434

First Major Resistance Level: $484

23.6% FIB Retracement Level: $540

38.2% FIB Retracement Level: $438

62% FIB Retracement Level: $273

 

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 22/08/21

Crypto00 567

Binance Coin

Binance Coin rose by 0.78% in the week ending 21st August. Following a 14.72% jump from the previous week, Binance Coin ended the week at $449.24.

Early in the week, Binance Coin rose to a Monday high $444.33 before hitting reverse.

While falling short of the first major resistance level at $447, Binance Coin broke through the 38.2% FIB of $438.

The reversal, however, saw Binance Coin slide to a Wednesday intraweek low $384.79.

While steering clear of the first major support level at $349, Binance Coin briefly fell back through the 38.2% FIB.

A bullish end to the week, however, saw Binance Coin rally to a Saturday intraweek high $468.65.

Binance Coin broke back through the 38.2% FIB and through the first major resistance level at $447 to end the week at $449 levels.

4 days in the green that included an 8.78% rally on Thursday and a 5.51% gain on Friday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid the 38.2% FIB of $438 and the $434 pivot to bring the first major resistance level at $484 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from last week’s high $468.65.

Barring an extended rally, the first major resistance level and resistance at $500 would likely limit any upside.

In the event of a broad-based crypto rally, Binance Coin could test resistance at the 23.6% FIB of $540 before any pullback. The second major resistance level sits at $518.

A fall through the 38.2% FIB of $438 and the $434 pivot would bring first major support level at $400 into play.

Barring an extended sell-off, however, Binance Coin should steer clear of the second major support level at $350.

At the time of writing, Binance Coin was up by 0.57% to $451.79. A mixed start to the week saw Binance Coin fall to an early Sunday low $447.19 before rising to a high $454.17.

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

BNBUSD 220821 Daily Chart

Litecoin

Litecoin fell by 1.69% in the week ending 21st August. Following an 18.01% rally from the previous week, Litecoin ended the week at $179.83.

A bullish start to the week saw Litecoin rise to a Monday intraweek high $189.12 before hitting reverse.

Falling short of the first major resistance level at $197, Litecoin slid to a Thursday intraweek low $162.66.

While steering clear of the first major support level at $157, Litecoin briefly fell through the 23.6% FIB of $178.

Finding support late in the week, however, Litecoin broke back through the 23.6% FIB to end the week at $179 levels.

4 days in the red that included a 5.28% slide on Tuesday delivered the upside for the week.

For the week ahead

Litecoin would need to avoid a fall through the 23.6% FIB of $178 and the $177 pivot to bring the first major resistance level at $192 into play.

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

Barring an extended crypto rally, the first major resistance level and resistance at $200 would likely limit any upside.

In the event of another broad-based crypto rally, Litecoin could test resistance at the 38.2% FIB of $223 before any pullback. The second major resistance level sits at $204.

A fall through the 23.6% FIB and the $177 pivot would bring the first major support level at $165 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$150 levels. The second major support level at $150 should limit the downside.

At the time of writing, Litecoin was up by 1.68% to $182.85. A bullish start to the week saw Litecoin rise from an early Sunday low $179.65 to a high $184.30.

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

LTCUSD 220821 Daily Chart

Tron’s TRX

Tron’s TRX fell by 4.71% in the week ending 21st August. Partially reversing a 23.81% breakout from the previous week, Tron’s TRX ended the week at $0.08846.

A bullish start to the week saw Tron’s TRX rally to a Monday intraweek high $0.09806 before hitting reverse.

While falling short of the first major resistance level at $0.1028, Tron’s TRX came within range of the 38.2% FIB of $0.09890.

The reversal, however, saw Tron’s TRX slide to a Wednesday intraweek low $0.08093.

Steering clear of the 23.6% FIB of $0.078780 and the first major resistance level at $0.07547, however, Tron’s TRX revisited $0.093 levels before falling back into the red.

4 days in the red that included a 3.83% fall on Monday and a 4.69% slide on Tuesday delivered the downside for the week.

For the week ahead

Tron’s TRX would need to move back through the $0.08915 pivot to support a run at the first major resistance level at $0.09737 and the 38.2% FIB of $0.09890.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.09806.

Barring a broad-based crypto rally, first major resistance level and resistance at $0.10 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at $0.12. The second major resistance level sits at $0.10628.

Failure to move back through the $0.08915 pivot would bring the first major support level at $0.08024 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.07202. The 23.6% FIB of $0.07870 should limit the downside.

At the time of writing, Tron’s TRX was up by 0.25% to $0.08868. A mixed start to the week saw Tron’s TRX fall to an early Sunday morning low $0.08768 before rising to a high $0.08927.

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

TRXUSD 220821 Daily Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 18/08/21

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

Binance Coin Price Support

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

A bearish start to the week saw Binance Coin fall to a Sunday low $391.82 before finding support.

Steering clear of the first major support level at $349, Binance Coin rose to a Monday current week high $444.33 before hitting reverse.

While falling short of the first major support level at $447, Binance Coin broke through the 38.2% FIB of $438.

The reversal, however, saw Binance Coin slide back to sub-$400 levels before steadying.

For the current week, Sunday through Tuesday, Binance Coin was down by 1.81% to $401.82. A 3.40% slide on Tuesday left Binance Coin in the red for the current week.

The near-term bullish trend remained intact in spite of the recent return to sub-$300 levels. For the bears, a sustained fall through the 62% FIB of $272 would form a near-term bearish trend.

It has been a bullish year-to-date, however, with Binance Coin up by 973% year-to-date.

At the time of writing, Binance Coin was down by 1.73% to $394.85. A mixed start to the day on Wednesday saw Binance Coin rise to an early high $408.96 before falling to a current week low $385.99.

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

BNBUSD 180821 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the $387 pivot to bring the 38.2% FIB and the first major resistance level at $447 back into play.

Support from the broader market would be needed, however, for Binance Coin to break back through the 23.6% FIB of $438.

Barring an extended rally going into the weekend, the first major resistance level and resistance at $450 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test the second major resistance level at $485 before any pullback.

A fall back through the $387 pivot would bring first major support level at $349 back into play. Barring an extended sell-off, however, Binance Coin should steer clear of sub-$300 levels.

The second major support level sits at $289

Looking at the Technical Indicators

First Major Support Level: $349

Pivot Level: $387

First Major Resistance Level: $447

23.6% FIB Retracement Level: $540

38.2% FIB Retracement Level: $438

62% FIB Retracement Level: $273

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 15/08/21

E-coins on tablet computer with charts on screen

Binance Coin

Binance Coin rallied by 14.72% in the week ending 14th August. Following a 7.20% gain from the previous week, Binance Coin ended the week at $409.15.

Early in the week, Binance Coin slid to a Monday intraweek low $327.22 before making a move.

Steering clear of the first major support level at $321, Binance Coin rallied to a Friday intraweek high $425.25.

Binance Coin broke through the first major resistance level at $379 and the second major resistance level at $401.

While falling short of the 38.2% FIB of $438, Binance Coin avoided a fall back through the second major resistance level.

4 days in the green that included a 5.14% gain on Wednesday and a 6.53% rally on Friday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid the $387 pivot to bring the 38.2% FIB of $438 and the first major resistance level at $447 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, the first major resistance level and resistance at $450 would likely limit any upside.

In the event of a broad-based crypto rally, Binance Coin could test resistance at the 23.6% FIB of $540 before any pullback. The second major resistance level sits at $485.

A fall through the $387 pivot would bring first major support level at $349 into play.

Barring an extended sell-off, however, Binance Coin should steer clear of the second major support level at $289 and the 62% FIB of $273.

At the time of writing, Binance Coin was down by 0.57% to $406.81. A mixed start to the week saw Binance Coin rise to an early Sunday high $411.84 before falling to a low $404.14.

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

BNBUSD 150821 Daily Chart

Litecoin

Litecoin rallied by 18.01% in the week ending 14th August. Following an 8.02% rise from the previous week, Litecoin ended the week at $182.98

A mixed start to the week saw Litecoin fall to a Monday intraweek low $145.36 before making a move.

Steering clear of the first major support level at $142, Litecoin rallied to a Saturday intraweek high $185.11.

Litecoin broke through the first major resistance level at $163 and the second major resistance level at $170.

More significantly, Litecoin also broke through the 23.6% FIB of $178 to end the week at $182 levels.

3 days in the green that included an 11.04% rally on Monday and a 10.82% rally on Saturday delivered the upside for the week.

For the week ahead

Litecoin would need to avoid a fall through the 23.6% FIB of $177 and the $171 pivot to bring the first major resistance level at $197 into play.

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

Barring an extended crypto rally, the first major resistance level and resistance at $200 would likely limit any upside.

In the event of another broad-based crypto rally, Litecoin could test resistance at the 38.2% FIB of $223 before any pullback. The second major resistance level sits at $211.

A fall through the 23.6% FIB and the $171 pivot would bring the first major support level at $157 into play.

Barring an extended crypto sell-off, however, Litecoin should steer well clear of sub-$150 levels. The second major support level sits at $131.

At the time of writing, Litecoin was up by 1.20% to $185.17. A mixed start to the week saw Litecoin fall to an early Sunday low $181.36 before rising to a high $186.65.

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

LTCUSD 150821 Daily Chart

Tron’s TRX

Tron’s TRX surged by 23.81% in the week ending 14th August. Following a 16.56% breakout from the previous week, Tron’s TRX ended the week at $0.09282.

Tracking the broader market, Tron’s TRX fell to a Monday intraweek low $0.06808 before making a move.

Steering clear of the first major support level at $0.06424, Tron’s TRX rallied to a Saturday intraweek high $0.09538.

Tron’s TRX broke through the first major resistance level at $0.08178 and the second major resistance level at $0.08859.

More significantly, Tron’s TRX also broke through the 23.6% FIB to end the week at $0.092 levels.

6 days in the green that included a 12.77% jump on Wednesday and a 6.55% rally on Friday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid the $0.08543 pivot to support a run at the 38.2% FIB of $0.09890 and the first major resistance level at $0.1028.

Support from the broader market would be needed, however, for Tron’s TRX to move back through to $0.10 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 resistance at $0.12. The second major resistance level sits at $0.1127.

A fall through the $0.08543 pivot would bring the 23.6% FIB of $0.07870 and the first major support level at $0.07547 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of sub-$0.070 levels. The second major support level sits at $0.05813.

At the time of writing, Tron’s TRX was up by 1.26% to $0.09399. A mixed start to the week saw Tron’s TRX fall to an early Sunday low $0.09203 before rising to a high $0.09550.

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

TRXUSD 150821 Daily Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 11/08/21

Binance Coin Price Resistance

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

Early in the week, Binance Coin slid to a Monday current week low $327.22 before making a move.

Steering clear of the first major support level at $321, Binance Coin rallied to a Tuesday current week high $384.58.

Binance Coin broke through the first major resistance level at $379 before falling back to $372 levels.

For the current week, Sunday through Tuesday, Binance Coin was up by 4.34% to $372.14. A 3.61% rise on Monday and a 4.96% rally on Tuesday delivered the upside for the current week.

The near-term bullish trend remained intact in spite of the recent return to sub-$300 levels. For the bears, a sustained fall through the 62% FIB of $272 would form a near-term bearish trend.

It has been a bullish year-to-date, however, with Binance Coin up by 893% year-to-date.

At the time of writing, Binance Coin was up by 1.45% to $377.55. A mixed start to the day on Wednesday saw Binance Coin fall to an early low $370.47 before rising to a high $380.90.

Binance Coin retested the first major resistance level at $379 once more before easing back.

BNBUSD 110821 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the $343 pivot to bring the second major resistance level at $401 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from the first major resistance level at $379.

Barring an extended rally going into the weekend, the second major resistance level at $401 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at the 38.2% FIB of $438 before any pullback. The third major resistance level sits at $459.

A fall back through the $343 pivot would bring first major support level at $321 back into play. Barring an extended sell-off, however, Binance Coin should steer clear of sub-$300 levels.

The second major support level sits at $285

Looking at the Technical Indicators

First Major Support Level: $321

Pivot Level: $343

First Major Resistance Level: $379

23.6% FIB Retracement Level: $540

38.2% FIB Retracement Level: $438

62% FIB Retracement Level: $273