The Crypto Daily – Movers and Shakers – August 26th, 2021

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

Bitcoin, BTC to USD, rose by 2.76% on Wednesday. Partially reversing a 3.65% loss from Tuesday, Bitcoin ended the day at $48,992.7.

A choppy start to the day saw Bitcoin fall to a mid-morning intraday low $47,143.00 before making a move.

Steering clear of the first major support level at $46,893, Bitcoin rallied to a late intraday high $49,255.0.

Bitcoin broke through the first major resistance level at $49,198 before easing back to sub-$48,000 levels.

The near-term bullish trend remained intact, supported by the latest return to $50,000 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 mixed day on Wednesday.

Crypto.com Coin fell by 0.93% to buck the trend on the day.

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

Binance Coin rallied by 6.71% to lead the way.

Chainlink (+3.38%), Litecoin (+2.58%) and Ripple’s XRP (+3.37%) also found strong support.

Bitcoin Cash SV (+0.15%), Cardano’s ADA (+0.72%), Ethereum (+1.82%), and Polkadot (+0.84%) trailed the front runners, however.

In the current week, the crypto total market rose to a Monday high $2,169bn before falling to a Wednesday low $1,970bn. At the time of writing, the total market cap stood at $2,059bn.

Bitcoin’s dominance fell to a Tuesday low 43.64% before rising to a Tuesday high 44.96%. At the time of writing, Bitcoin’s dominance stood at 44.59%.

This Morning

At the time of writing, Bitcoin was down by 0.27% to $48,860.0. A mixed start to the day saw Bitcoin rise to an early morning high $49,085.0 before falling to a low $48,858.0.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin bucked the early trend, rising by 1.84%.

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

At the time of writing, Chainlink was down by 0.87% to lead the way down.

BTCUSD 260821 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $48,464 pivot to bring the first major resistance level at $49,784 into play.

Support from the broader market would be needed for Bitcoin to break out from $49,500 levels.

Barring a broad-based crypto rally, the first major resistance level and resistance at $50,000 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 $50,576.

A fall through the $48,464 pivot would bring the first major support level at $47,672 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$47,000 levels. The second major support level sits at $46,352.

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

 

The Crypto Daily – Movers and Shakers – August 24th, 2021

Silver and golden coins with bitcoin, ripple and ethereum symbol

Bitcoin, BTC to USD, rose by 0.52% on Monday. Following a 0.88% gain on Sunday, Bitcoin ended the day at $49,525.0.

A bullish start to the day saw Bitcoin rise to a late morning intraday high $50,558.0 before hitting reverse.

Bitcoin broke through the first major resistance level at $49,807 and the second major resistance level at $50,349.

More significantly, Bitcoin also broke through the 23.6% FIB of $50,437 falling to a late intraday low $49,055.0.

Steering clear of the first major support level at $48,664, Bitcoin moved back through to $49,500 levels and into the red.

The near-term bullish trend remained intact, supported by the latest return to $50,000 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 11.27% to lead the way, with Cardano’s ADA (+7.72%) also finding strong support.

Bitcoin Cash SV (+0.85%), Chainlink (+1.85%),  Crypto.com Coin (+2.89%), Ethereum (+2.52%), Litecoin (+0.60%), Polkadot (+0.27%), and Ripple’s XRP (+1.42%) all trailed the front runners, however.

Early in the week, the crypto total market fell to an early Monday low $2,069bn before rising to a Monday high $2,142bn. At the time of writing, the total market cap stood at $2,124bn.

Bitcoin’s dominance rose to an early Monday high 44.69% before falling to a Monday low 43.93%. At the time of writing, Bitcoin’s dominance stood at 43.93%.

This Morning

At the time of writing, Bitcoin was up by 0.29% to $49,668.0. A mixed start to the day saw Bitcoin fall to an early morning low $49,400.0 before rising to a high $49,675.0.

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, Crypto.com Coin was up by 0.83% to lead the way.

BTCUSD 240821 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $49,713 pivot to bring the first major resistance level at $50,370 and the 23.6% FIB of $50,473 into play.

Support from the broader market would be needed for Bitcoin to break back through to $50,000 levels.

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

In the event of an extended crypto rally, Bitcoin could test resistance at $52,000 before any pullback. The second major resistance level sits at $51,216.

Failure to move through the $49,713 pivot would bring the first major support level at $48,867 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$48,000 levels. The second major support level $48,210 should limit the downside.

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

The Crypto Daily – Movers and Shakers – August 19th, 2021

Depositphotos_197585438_s-2019

Bitcoin, BTC to USD, rose by 0.06% on Wednesday. Partially reversing a 2.70% loss from Tuesday, Bitcoin ended the day at $44,721.0.

A choppy start to the day saw Bitcoin fall to an early morning intraday low $44,266.0 before making a move.

Steering clear of the first major support level at $43,702, Bitcoin rallied to a late intraday high $46,010.0.

Falling short of the first major resistance level at $46,427, however, Bitcoin slid back to end the day at sub-$45,000.

The near-term bullish trend remained intact, supported by the latest return to $48,000 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 mixed day on Wednesday.

Chainlink fell by 3.14% to lead the way down.

Binance Coin (-1.32%), Bitcoin Cash SV (-0.53%), Crypto.com Coin (-2.46%), and Litecoin (-1.25%) also saw red.

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

Cardano’s ADA rallied by 9.45% to lead the way, with Polkadot (+1.45%) and Ripple’s XRP (+4.46%) finding support.

Ethereum (+0.01%) saw a modest gain on the day, however.

In the current week, the crypto total market rose to a Monday high $2,061bn before falling to a Wednesday low $1,832bn. At the time of writing, the total market cap stood at $1,885bn.

Bitcoin’s dominance fell to a Tuesday low 43.67% before rising to a Wednesday high 45.35%. At the time of writing, Bitcoin’s dominance stood at 44.65%.

This Morning

At the time of writing, Bitcoin was up by 0.07% to $44,752.0. A mixed start to the day saw Bitcoin rise to an early morning high $44,974.0 before falling to a low $44,510.0.

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

Elsewhere, it was a mixed start to the day.

Cardano’s ADA (+1.70%) and Ethereum (+0.02%) avoided the red early on.

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

At the time of writing, Bitcoin Cash SV was down by 1.21% to lead the way down.

BTCUSD 190821 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $44,999 pivot to bring the first major resistance level at $45,732 into play.

Support from the broader market would be needed for Bitcoin to break back out from $45,500 levels.

Barring a broad-based crypto rally, the first major resistance level and Wednesday’s high $46,010.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $48,000 levels before any pullback. The second major resistance level sits at $46,743.

Failure to move through the $44,999 pivot would bring the first major support level at $43,988 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$43,000 levels. The second major support level at $43,255 should limit the downside.

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

The Crypto Daily – Movers and Shakers – August 17th, 2021

Golden bitcoins on the black background closeup. Cryptocurrency virtual money

Bitcoin, BTC to USD, fell by 2.31% on Monday. Following a 0.13% decline on Sunday, Bitcoin ended the day at $45,937.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $48,069.0 before hitting reverse.

Bitcoin broke through the first major resistance level at $47,770 before sliding to a late intraday low $45,689.0.

Bitcoin fell through the first major support level at $45,872 before briefly revisiting $46,000 levels.

A bearish end to the day, however, saw Bitcoin briefly fall back through the first major support level before ending the day at $45,900 levels.

The near-term bullish trend remained intact, supported by the latest return to $48,000 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 mixed day on Monday.

Polkadot rallied by 7.96% to lead the way, with Binance Coin (+0.34%), Chainlink (+0.24%) and Crypto.com Coin (+0.81%) also bucking the trend.

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

Ripple’s XRP slid by 7.84% to lead the way down.

Cardano’s ADA (-4.44%), Ethereum (-4.97%), and Litecoin (-3.69%) also saw relatively heavy losses.

Bitcoin Cash SV (-1.54%) had minor losses on the day, however.

Early in the week, the crypto total market rose to a Monday high $2,024bn before falling to a Monday low $1,929bn. At the time of writing, the total market cap stood at $1,917bn.

Bitcoin’s dominance fell to a Monday low 44.04% before rising to a Monday high 44.50%. At the time of writing, Bitcoin’s dominance stood at 44.58%.

This Morning

At the time of writing, Bitcoin was down by 1.06% to $45,451.0. A mixed start to the day saw Bitcoin rise to an early morning high $46,079.0 before falling to a low $45,291.0.

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

Elsewhere, it was a bearish start to the day.

At the time of writing, Ripple’s XRP was down by 3.54% to lead the way down.

BTCUSD 170821 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $46,565 pivot to bring the first major resistance level at $47,441 into play.

Support from the broader market would be needed for Bitcoin to break back through to $47,000 levels.

Barring a broad-based crypto rally, the first major resistance level and Monday’s high $48,069 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $49,000 levels before any pullback. The second major resistance level sits at $48,945.

Failure to move through the $46,565 pivot would bring the first major support level at $45,061 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $44,185.

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

The Crypto Daily – Movers and Shakers – August 12th, 2021

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

Bitcoin, BTC to USD, slipped by 0.18% on Wednesday. Following a 1.44% loss on Tuesday, Bitcoin ended the day at $45,531.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $45,341.0 before making a move.

Steering clear of the first major support level at $44,600, Bitcoin rose to an early afternoon intraday high $46,727.0.

Bitcoin broke through the first major resistance level at $46,660 before falling back to end the day at sub-$46,000 levels.

The near-term bullish trend remained intact, supported by the latest return to $46,000 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.

Ripple’s XRP surged by 18.89% to lead the way.

Binance Coin (+5.14%), Bitcoin Cash SV (+4.16%), Cardano’s ADA (+6.93%), Chainlink (+5.57%), and Crypto.com Coin (+6.00%) also found strong support.

Ethereum (+0.65%), Litecoin (+3.24%), and Polkadot (+3.72%) trailed the front runners, however.

In the current week, the crypto total market fell to a Monday low $1,696bn before rising to a Wednesday high $1,944bn. At the time of writing, the total market cap stood at $1,886bn.

Bitcoin’s dominance rose to a Monday high 47.44% before falling to a Wednesday low 45.19%. At the time of writing, Bitcoin’s dominance stood at 45.57%.

This Morning

At the time of writing, Bitcoin was up by 0.43% to $45,727.0. A mixed start to the day saw Bitcoin fall to an early morning low $45,292.0 before rising to a high $45,855.2.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin (-1.69%) and Ripple’s XRP (-0.17%) saw red early on to buck the trend.

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

At the time of writing, Cardano’s ADA was up by 2.45% to lead the way.

BTCUSD 120821 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $45,866 pivot to bring the first major resistance level at $46,392 into play.

Support from the broader market would be needed for Bitcoin to break back through to  $46,000 levels.

Barring a broad-based crypto rally, the first major resistance level and Wednesday’s high $46,727.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $48,000 before any pullback. The second major resistance level sits at $47,252.

Failure to move through the $45,866 pivot would bring the first major support level at $45,006 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$44,000 levels. The second major support level at $44,480 should limit the downside.

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