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.

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

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

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

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

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 18/04/21

Different cryptocurrencies in a circle with a golden bitcoin in

Binance Coin

Binance Coin rose by 9.16% in the week ending 17th April. Following on from a 46.37% surge from the previous week, Binance Coin ended the week at $514.6.

A mixed start to the week saw Binance Coin fall to a Sunday intraweek low $448.47 before making a move.

Steering clear of the 23.6% FIB of $390 and the first major support level at $355, Binance Coin surged to a Monday intraweek high and a new swing hi $643.66.

Binance Coin broke through the first major resistance level at $548 and the second major resistance level at $625.

Falling short of $700 levels, Binance Coin slid back to $487 levels.

The pullback saw Binance coin fall through the major resistance levels before finding support.

Binance Coin broke back through the first major resistance level at $548 before easing back to end the week at $514 levels.

3 days in the green that included an 11.55% rally on Sunday and a 13.46% breakout on Monday delivered the upside for the week.

For the week ahead

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

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

Barring an extended rally, the first major resistance level and last week’s new swing hi $643.66 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 $731.

Failure to move through the $536 pivot would bring the 23.6% FIB of $494 and the first major support level at $428 into play.

Barring an extended sell-off, Binance Coin should steer well clear of sub-$400 levels and the second major support level at $340. The 38.25 FIB of $400 should limit the downside.

At the time of writing, Binance Coin was down by 0.23% to $513.43. A mixed start to the week saw Binance Coin rise to an early Sunday morning high $521.54 before falling to a low $506.74.

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

BNBUSD 180421 Daily Chart

Litecoin

Litecoin rallied by 17.50% in the week ending 17th April. Following on from a 31.08 breakout from the previous week, Litecoin ended the week at $301.10.

A bearish start to the week saw Litecoin fall to a Monday intraweek low $240.14 before making a move.

Steering clear of the first major support level at $213, Litecoin rallied to a Saturday intraweek high and a new swing hi $335.35.

Litecoin broke through the first major resistance level at $278 and the second major resistance level at $300.

Falling short of the third major resistance level at $364, Litecoin slide back to sub-$300 before ending the week at $301 levels.

4 days in the green that included a 9.58% rally on Tuesday and a 7.89% rally on Friday delivered the upside for the week.

For the week ahead

Litecoin would need to avoid a fall back through the $292 pivot to bring the first major resistance level at $344 into play.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s new swing hi $335.35.

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

In the event of an extended breakout, Litecoin could test resistance at $400 before any pullback. The second major resistance level sits at $386.

Failure to avoid a fall back through the $292 pivot would bring the 23.6% FIB of $261 and the first major support level at $249 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$240 and the 38.2% FIB of $216. The second major support level sits at $198.

At the time of writing, Litecoin was down by 2.37% to $293.95. A mixed start to the week saw Litecoin rise to an early morning high $305.33 before sliding to a Sunday low $285.56.

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

LTCUSD 180421 Daily Chart

Tron’s TRX

Tron’s TRX rallied by 22.73% in the week ending 17th April. Following on from a 25.45% jump from the previous week, Tron’s TRX ended the week at $0.1555.

A mixed start to the week saw Tron’s TRX fall to a Sunday intraweek low $0.1172 before making a move.

Steering clear of the 23.6% FIB of $0.1159 and the first major support level at $0.1030, Tron’s TRX surged to a Friday intraweek high and a new swing hi $0.1844.

Tron’s TRX broke through the first major resistance level at $0.1500 and the second major resistance level at $0.1733.

A bearish end to week saw Tron’s TRX fall back through the major resistance levels to sub-$0.15 before ending the week at $0.155 levels.

The recovery to $0.155 levels saw Tron’s TRX break back through the first major resistance level at $0.1500.

4 days in the green that included a 13.12% rally on Tuesday and a 17.06% breakout on Thursday delivered the upside

For the week ahead

Tron’s TRX would need to move back through the $0.1524 pivot to support a run at the first major resistance level at $0.1875.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s swing hi $0.1844.

Barring a broad-based crypto rally, the first major resistance level and resistance at $0.19 would likely cap any upside.

In the event of another extended rally, Tron’s TRX could the second major resistance level at $0.2196.

Failure to move back through the $0.1524 pivot would bring the 23.6% FIB of $0.1426 and the first major support level at $0.1203 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of the 38.2% FIB of $0.1167. The second major support level sits at $0.0852.

At the time of writing, Tron’s TRX was down by 2.14% to $0.1522. A mixed start to the week saw Tron’s TRX rise to an early Sunday high $0.1577 before falling to a low $0.1489.

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

TRXUSD 180421 Daily Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 14/04/21

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 fall to a Sunday current week low $448.47 before making a move.

Steering clear of the 23.6% FIB of $390 and the first major support level at $355, Binance Coin rallied to a Monday current week high and a new swing hi $643.66.

Binance Coin broke through the first major resistance level at $548 to test the second major resistance level at $625 before easing back.

The pullback and a bearish Tuesday saw Binance Coin fall back through the major resistance levels.

Steering clear of sub-$500 levels, however, Binance Coin broke back through the first major resistance level to end Tuesday at $550 levels.

For the current week, Sunday through Tuesday, Binance Coin was up by 16.92% to $551.21.

2 days in the green that included an 11.55% rally on Sunday and a 13.46% rally on Monday delivered the early upside. A 7.6% slide on Tuesday pared some of the gains, 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 1,372%.

At the time of writing, Binance Coin was up by 1.94% to $561.91. A mixed start to the day on Wednesday saw Binance Coin fall to an early Wednesday low $542.58 before rising to a high $572.82.

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

BNBUSD 140421 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the first major resistance level at $548 to support another run at the second major resistance level at $625.

Barring an extended rally going into the weekend, the second major resistance level and current week 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 third major resistance level sits at $818.

Failure to avoid a fall back through the first major resistance level at $548 would bring the 23.6% FIB of $494 into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer of the pivot level at $432 and the 38.2% FIB of $400. The first major support level sits at $355.

Looking at the Technical Indicators

Major Support Level: $355

Major Resistance Level: $548

23.6% FIB Retracement Level: $494

38.2% FIB Retracement Level: $400

62% FIB Retracement Level: $250

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 11/04/21

Silver and golden coins with bitcoin, ripple and ethereum symbol

Binance Coin

Binance Coin surged by 46.37% in the week ending 10th April. Following on from a 19.62% rally from the previous week, Binance Coin ended the week at $471.37.

A mixed start to the week saw Binance Coin fall to a Sunday intraweek low $315.91 before making a move.

Steering clear of the 23.6% FIB of $283 and the first major support level at $265, Binance Coin rallied to a Saturday intraweek high and a new swing hi $508.83.

Binance Coin broke through the first major resistance level at $372 and the second resistance level at $422.

Falling short of the third major resistance level at $530, Binance Coin eased back to end the week at sub-$480.

6 days in the green that included an 11.65% rally on Thursday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid a fall through the $432 pivot to bring the first major resistance level at $548 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from last week’s swing hi $508.83.

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

In the event of a breakout, Binance Coin could test resistance at $600 before any pullback. The second major resistance level sits at $625.

Failure to avoid a fall through the $432 pivot would bring the 23.6% FIB of $390 and the first major support level at $355.

Barring an extended sell-off, Binance Coin should steer well clear of sub-$300 levels and the second major support level at $239. The 38.25 FIB of $317 should limit the downside.

At the time of writing, Binance Coin was down by 0.98% to $466.74. A mixed start to the week saw Binance Coin rise to an early Sunday morning high $478.70 before falling to a low $451.86.

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

BNBUSD 110421 Daily Chart

Litecoin

Litecoin jumped by 31.08 in the week ending 10th April. Following on from a 6.10% gain from the previous week, Litecoin ended the week at $255.94.

A mixed start to the week saw Litecoin fall to a Sunday intraweek low $191.90 before making a move.

While steering clear of the first major support level at $179, Litecoin fell through the 23.6% FIB of $195.

Finding support on Sunday, Litecoin rallied to a Tuesday high $244.54.

Litecoin broke through the first major resistance level at $213 and the second major resistance level at $232.

Coming within range of February’s swing hi $247, Litecoin fell back to $211 levels before finding late support.

A 15.75% rally on Saturday drove Litecoin to an intraweek high and a new swing hi $256.63 before easing back.

Litecoin broke back through the first major resistance level at $213 and the second major resistance level at $232 to end the week at $255 levels.

5 days in the green that included a 9.48% rally on Monday and a 15.75% surge on Saturday delivered the upside for the week. A 7.49% slide on Wednesday pared some of the gains from early in the week, however.

For the week ahead

Litecoin would need to avoid a fall through the $235 pivot to bring the first major resistance level at $278 into play.

Support from the broader market would be needed, however, for Litecoin to break out from this morning’s new swing hi $258.00.

Barring an extended crypto rally, the first major resistance level and resistance at $285 would likely limit any upside.

In the event of an extended breakout, Litecoin could test the second major resistance level at $300.

Failure to avoid a fall through the $235 pivot would bring and the first major support level at $213 and the 23.6% FIB of $202 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$200 levels. The second major support level sits at $170.

At the time of writing, Litecoin was down by 0.83% to $253.81. A mixed start to the week saw Litecoin rise to an early Sunday morning new swing hi $258.00 before falling to a low $249.63.

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

LTCUSD 110421 Daily Chart

Tron’s TRX

Tron’s TRX rallied by 25.45% in the week ending 10th April. Following on from a 59.67% surge from the previous week, Tron’s TRX ended the week at $0.1267.

A bullish start to the week saw Tron’s TRX jump to a Monday intraweek high and a new swing hi $0.1495.

Tron’s TRX broke through the first major resistance level at $0.1224 and the second major resistance level at $0.1431.

Bearish mid-week, however, Tron’s TRX slid back through the resistance levels to $0.1020 levels.

While steering clear of the first major support level at $0.07089, Tron’s TRX fell through the 23.6% FIB of $0.1159.

Finding support going into the weekend, Tron’s TRX revisited $0.13 levels before easing back.

While falling short of the major resistance levels, Tron’s TRX broke back through the 23.6% FIB of $0.1159 to end the week at $0.126 levels.

4 days in the green that included a 25.51% breakout on Sunday and an 11.21% rally on Thursday delivered the upside for the week. Heavy losses on Tuesday (-9.09%) and Wednesday (-10.80%) limited the upside for the week, however.

For the week ahead

Tron’s TRX would need to move back through the $0.1263 pivot to support a run at the first major resistance level at $0.1500.

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 last week’s new swing hi $0.1495 would likely cap any upside.

In the event of another extended rally, Tron’s TRX could test resistance at $0.17. The second major resistance level sits at $0.1733.

Failure to move back through the $0.1263 pivot would bring the 23.6% FIB of $0.1159 and the first major support level at $0.1030 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of the 38.2% FIB of $0.0951. The second major support level sits at $0.0793.

At the time of writing, Tron’s TRX was down by 3.22% to $0.1226. A mixed start to the week saw Tron’s TRX rise to an early Sunday morning high $0.1286 before falling to a low $0.1192.

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

TRXUSD 110421 Daily Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 07/04/21

Binance

Binance Coin Price Resistance

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

A mixed start to the week, however, saw Binance Coin slip to a Sunday current week low $315.91 before making a move.

Steering clear of the 23.6% FIB of $283 and the first major support level at $265, Binance Coin rallied to a Tuesday current week high and a new swing hi $422.08.

Binance Coin broke through the first major resistance level at $372 to test the second major resistance level at $422 before easing back.

In spite of easing back, Binance Coin avoided a fall back through the first major resistance level at $372.

For the current week, Sunday through Tuesday, Binance Coin was up by 25.29% to $403.49.

3 days in the green that included an 8.41% rally on Sunday and a 9.63% rally on Tuesday delivered the early upside.

The near-term bullish trend remained intact supported by the current week gain. For the bears, a sustained fall through the 62% FIB of $165 would form a near-term bearish trend.

It has been a particularly bullish start to the year, with Binance Coin up by 977.12%.

At the time of writing, Binance Coin was down by 1.92% to $395.73. A mixed start to the day on Wednesday saw Binance Coin rise to an early morning high $406.90 before falling to a low $390.98.

Binance Coin avoided a fall back through the first major resistance level at $372.

BNBUSD 070421 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the first major resistance level at $372 to support another run at the second major resistance level at $422.

Barring an extended rally going into the weekend, the second major resistance level at $422 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $460 before any pullback. The third major resistance level sits at $530.

Failure to avoid a fall back through the first major resistance level at $372 would bring the 23.6% FIB of $324 into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer of the pivot level at $315. The first major support level sits at $265.

Looking at the Technical Indicators

Major Support Level: $265

Major Resistance Level: $372

23.6% FIB Retracement Level: $324

38.2% FIB Retracement Level: $263

62% FIB Retracement Level: $165

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

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

Binance Coin

Binance Coin rallied by 19.62% in the week ending 3rd April. Following on from a 1.97% gain from the previous week, Binance Coin ended the week at $322.06.

A mixed start to the week saw Binance Coin fall to a Monday intraweek low $256.90 before making a move.

Steering clear of the first major support level at $234 and the 38.2% FIB of $230, Binance Coin rallied to a Friday intraweek high $364.41.

Binance Coin broke through the first major resistance level at $294 and the second resistance level at $319.

More significantly, Binance Coin broke through the 23.6% FIB of $283 to come within range of 19th February’s swing hi $368.29 before a pullback on Saturday.

The pullback saw Binance Coin briefly fall back through the second major resistance level before wrapping up the day at $322 levels.

4 days in the green that included a 13.22% rally on Tuesday and a 10.58% gain on Thursday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid a fall through the $315 pivot to bring the first major resistance level at $372 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from February’s swing hi $368.29.

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

In the event of a breakout, Binance Coin could test resistance at $450 before any pullback. The second major resistance level sits at $422.

Failure to avoid a fall through the $315 pivot would bring the 23.6% FIB of $283 and the first major support level at $265.

Barring an extended sell-off, Binance Coin should steer well clear of sub-$280 levels. The second major support level sits at $207.

At the time of writing, Binance Coin was up by 1.14% to $325.73. A mixed start to the week saw Binance Coin fall to an early Sunday low $316.21 before rising to a high $326.80.

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

BNBUSD 040421 Daily Chart

Litecoin

Litecoin rose by 6.10% in the week ending 3rd April. Reversing an 8% slide from the previous week, Litecoin ended the week at $195.34.

A mixed start to the week saw Litecoin fall to a Sunday intraweek low $180 before making a move.

Steering clear of the first major support level at $167, Litecoin rallied to a Saturday intraweek high $214.71.

Litecoin broke through the 23.6% FIB of $195 and the first major resistance level at $202.

Falling short of the second major resistance level at $219, however, Litecoin eased back to end the week at $200 levels.

Falling back through the first major resistance level, the 23.6% FIB of $195 delivered support on Saturday.

6 days in the green that included a 5.10% rally on Monday and a 4.36% gain on Friday delivered the upside for the week. A 7.64% slide on Saturday pared some of the gains, however.

For the week ahead

Litecoin would need to move back through the $197 pivot to bring the first major resistance level at $213 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $210 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $220 would likely limit any upside.

In the event of an extended breakout, Litecoin could test resistance at $240 before any pullback. The second major resistance level sits at $231.

Failure to move back through the $197 pivot would bring and the 23.6% FIB of $195 and the first major support level at $179 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$175 levels. The second major support level sits at $162.

At the time of writing, Litecoin was up by 0.70% to $196.71. A choppy start to the week saw Litecoin slide to an early Sunday low $191.90 before rising to a high $197.62.

While leaving the major support and resistance levels untested, Litecoin briefly fell through the 23.6% FIB of $195.

LTCUSD 040421 Daily Chart

Tron’s TRX

Tron’s TRX surged by 59.67% in the week ending 3rd April. Following on from a 3.48% gain from the previous week, Tron’s TRX ended the week at $0.1016.

A mixed start to the week saw Tron’s TRX fall to a Monday intraweek low $0.06093 before making a move.

Steering clear of the first major support level at $0.05307, Tron’s TRX surged to a Saturday intraweek high and new swing hi $0.1124.

Tron’s TRX broke through the week’s major resistance levels to form a near-term bullish trend.

6 days in the green that included a 41.12% breakout on Wednesday and a 9.65% rally on Saturday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid a fall through the $0.09164 pivot to support a run at the first major resistance level at $0.1224.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.1124.

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 test resistance at $0.15. The second major resistance level sits at $0.1431.

Failure to avoid a fall through the $0.09164 pivot would bring the 23.6% FIB of $0.08750 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of the 38.2% FIB of $0.07220 and the first major support level at $0.07089. The second major support level sits at $0.04017.

At the time of writing, Tron’s TRX was up by 4.29% to $0.1059. A mixed start to the week saw Tron’s TRX fall to an early Sunday low $0.09947 before rising to a high $0.1065.

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

TRXUSD 040421 Daily Chart