The Crypto Daily – Movers and Shakers – September 14th, 2021

E-coins on tablet computer with charts on screen

Bitcoin, BTC to USD, fell by 2.34% on Monday. Reversing a 1.92% gain from Sunday, Bitcoin ended the day at $45,960.0.

Recovering from a bearish morning, Bitcoin rallied to an early afternoon intraday high $46,874.0 before hitting reverse.

Bitcoin broke through the first major resistance level at $46,745 before sliding to a mid-afternoon intraday low $43,444.0.

The sell-off saw Bitcoin fall through the first major support level at $45,053 and the second major support level at $44,068.

Steering clear of sub-$43,000 levels, however, Bitcoin broke back through the second major support levels to end the day at $44,900 levels.

Late in the day, the first major support level at $45,053 pinned Bitcoin back.

The near-term bullish trend remained intact, in spite of the latest return to $43,000 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 bearish day on Monday.

Chainlink slid by 8.45% to lead the way down, with Cardano’s ADA (-6.92%) and Crypto.com Coin (-6.24%) close behind.

Binance Coin (-4.12%), Bitcoin Cash SV (-3.01%), Ethereum (-3.46%), and Ripple’s XRP (-4.95%) also struggled.

Litecoin (-1.99%) and Polkadot (-0.27%) saw relatively modest losses on the day, however.

Early in the week, the crypto total market rose to a Monday high $2,143bn before tumbling to a Monday low $1,976bn. At the time of writing, the total market cap stood at $2,066bn.

Bitcoin’s dominance fell to a Monday low 40.62% before rising to a high 41.52%. At the time of writing, Bitcoin’s dominance stood at 41.04%.

This Morning

At the time of writing, Bitcoin was up by 0.25% to $45,071.0. A mixed start to the day saw Bitcoin fall to an early morning low $44,847.0 before rising to a high $45,291.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.02%) and Bitcoin Cash SV (-0.74%) saw red early on.

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

At the time of writing, Crypto.com Coin was up by 2.08% to lead the way.

BTCUSD 140921 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the $45,093 pivot to bring the first major resistance level at $46,741 into play.

Support from the broader market would be needed for Bitcoin to break out from $46,500 levels.

Barring a broad-based crypto rally, the first major resistance level and Monday’s high $46,874.0 would likely cap the upside.

In the event of a broad-based crypto rally, Bitcoin could test resistance at $50,000 before any pullback. The second major resistance level sits at $48,523.

Failure to move through the $45,093 pivot would bring the first major support level at $43,311 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$41,000 levels. The second major support level at $41,663 and the 38.2% FIB of $41,529 should limit the downside.

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

Depositphotos_192431198_s-2019 (1)

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

The Crypto Daily – Movers and Shakers – September 9th, 2021

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

Bitcoin, BTC to USD, fell by 1.67% on Wednesday. Following an 11.06% slide on Tuesday, Bitcoin ended the day at $46,070.6.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $47,351.0 before hitting reverse.

Falling short of the 23.6% FIB of $50,473 and the first major resistance level at $52,085, Bitcoin fell to a late morning intraday low $44,472.0.

Steering clear of the first major support level at $42,417, however, Bitcoin found late support to end the day at $46,000 levels.

The near-term bullish trend remained intact, in spite of the latest return to $43,000 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 3.87% to lead the way down.

Binance Coin (-0.88%), Bitcoin Cash SV (-0.80%), Cardano’s ADA (-1.74%), Crypto.com Coin (-0.05%), and Ripple’s XRP (-2.62%) also joined Bitcoin in the red.

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

Ethereum led the way with a 1.85% gain.

Litecoin (+0.65%) and Polkadot (+1.23%) also found strong support.

In the current week, the crypto total market rose to a Tuesday high $2,392bn before tumbling to a Tuesday low $1,809bn. At the time of writing, the total market cap stood at $2,115bn.

Bitcoin’s dominance rose to a Tuesday high 44.15% before falling to a Wednesday low 40.80%. At the time of writing, Bitcoin’s dominance stood at 40.97%.

This Morning

At the time of writing, Bitcoin was up by 0.05% to $46,093.0. A mixed start to the day saw Bitcoin fall to an early morning low $46,006.3 before rising to a high $46,160.0.

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

Elsewhere, it was a mixed start to the day.

Chainlink (+0.84%), Cyrpto.com Coin (+1.14%), Litecoin (+0.22%), and Ripple’s XRP (+0.63%) found early support.

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

At the time of writing, Polkadot was down by 0.22% to lead the way down.

BTCUSD 090921 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $45,965 pivot to bring the first major resistance level at $47,457 into play.

Support from the broader market would be needed for Bitcoin to break out from Wednesday’s high $47,351.0.

Barring a broad-based crypto rally, the first major resistance level and resistance at $48,000 would likely cap the upside.

In the event of a broad-based crypto rebound, Bitcoin could test resistance at the 23.6% FIB of $50,473 before any pullback. The second major resistance level sits at $48,844.

A fall through the $45,965 pivot would bring the first major support level at $44,578 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the 38.2% FIB of $41,592. The second major support level at $43,086 should limit the downside.

The Crypto Daily – Movers and Shakers – September 7th, 2021

E-coins on tablet computer with charts on screen

Bitcoin, BTC to USD, rose by 1.73% on Monday. Following a 3.77% rally on Sunday, Bitcoin ended the day at $52,676.0.

After mixed start to the day, Bitcoin fell to a mid-day intraday low $51,050.0 before making a move.

Steering clear of the first major support level at $50,200, Bitcoin rallied to a late intraday high $52,742.0.

Bitcoin broke through the first major resistance level at $52,630 to end the day at $52,670 levels.

The near-term bullish trend remained intact, supported by the latest return to $52,000 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

Crypto.com Coin and Ripple’s XRP rallied by 9.26% and by 6.18% respectively to lead the way.

Bitcoin Cash SV (+0.58%) and Chainlink (+3.55%) also found strong support.

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

Litecoin slid by 5.52% to lead the way down.

Binance Coin (-1.71%), Cardano’s ADA (-2.68%), Ethereum (-0.58%), and Polkadot (-1.97%) also saw red.

Early in the week, the crypto total market fell to a Monday low $2,307bn before rising to a Monday high $2,387bn. At the time of writing, the total market cap stood at $2,379bn.

Bitcoin’s dominance fell to a Monday low 41.09% befor rising to an early Tuesday high 41.72%. At the time of writing, Bitcoin’s dominance stood at 41.67%.

This Morning

At the time of writing, Bitcoin was down by 0.02% to $52,663.0. A mixed start to the day saw Bitcoin fall to an early morning low $52,573.0 before rising to a high $52,749.0.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin was up by 2.78% early on. Binance Coin (+0.24%), Bitcoin Cash SV (+0.30%), and Cardano’s ADA (+0.34%) also found early support.

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

At the time of writing, Ripple’s XRP was down by 1.17% to lead the way down.

BTCUSD 070921 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $52,156 pivot to bring the first major resistance level at $53,262 into play.

Support from the broader market would be needed for Bitcoin to break back through $53,000 levels.

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

In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $53,848.

A fall through the $52,156 pivot would bring the first major support level at $51,570 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of the 23.6% FIB of $50,473 and the second major support level at $50,464.

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

The Crypto Daily – Movers and Shakers – September 2nd, 2021

Crypto00 567

Bitcoin, BTC to USD, rose by 3.57% on Wednesday. Following a 0.33% gain on Tuesday, Bitcoin ended the day at $48,823.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $46,590.0 before making a move.

Steering clear of the first major support level at $46,507, Bitcoin rallied to a late afternoon intraday high $49,139.0.

Bitcoin broke through the first major resistance level at $48,026 and the second major resistance level at $48,894 before easing back to sub-$48,100 levels.

A bullish end to the day saw Bitcoin briefly break back through the second major resistance level before easing back.

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 Wednesday

Chainlink and Ethereum rallied by 11.27% and by 11.64% to lead the way.

Binance Coin (+5.55%), Litecoin (+5.40%), and Ripple’s XRP (+4.33%) also found strong support.

Bitcoin Cash SV (+3.32%), Cardano’s ADA (+3.67%), Crypto.com Coin (+0.79%), and Polkadot (+2.13%) trailed the front runners, however.

In the current the week, the crypto total market fell to a Monday low $1,996bn before rising to a Wednesday high $2,230bn. At the time of writing, the total market cap stood at $2,192bn.

Bitcoin’s dominance rose to a Monday high 44.14% before falling to a Wednesday low 41.40%. At the time of writing, Bitcoin’s dominance stood at 41.84%.

This Morning

At the time of writing, Bitcoin was down by 0.08% to $48,782.0. A mixed start to the day saw Bitcoin fall to an early morning low $48,631.0 before rising to a high $49,000.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (+1.03%), Bitcoin Cash SV (+0.12%), and Crypto.com Coin (+4.21%) found early support.

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

At the time of writing, Polkadot was down by 1.52% to lead the way down.

BTCUSD 020921 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $48,184 pivot to bring the first major resistance level at $49,778 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 $50,733.

A fall through the $48,184 pivot would bring the first major support level at $47,229 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$46,000 levels. The second major support level sits at $45,635.

The Crypto Daily – Movers and Shakers – August 31st, 2021

Depositphotos_197585438_s-2019

Bitcoin, BTC to USD, slid by 3.68% on Monday. Following a 0.23% decline on Sunday, Bitcoin ended the week at $47,004.8.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $48,924.7 before hitting reverse.

Falling short of the first major resistance level at $49,713, Bitcoin fell to an early afternoon low $47,417.0.

Bitcoin fell through the first major support level at $47,823 before briefly revisiting $48,700 levels.

A bearish end to the day, however, saw Bitcoin slide back through the first major support level to a final hour intraday low $46,903.

Coming within range of the second major support level at $46,847, Bitcoin ended the day at $47,000 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 Monday

Polkadot rallied by 5.12%, with Ethereum rising by 0.08% buck the trend on the day.

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

Binance Coin (-4.18%). Bitcoin Cash SV (-4.13%), Cardano’s ADA (-4.10%), and Litecoin (-4.09%) led the way down.

Chainlink (-2.98%), Crypto.com Coin (-1.05%), and Ripple’s XRP (-3.53%) also struggled.

Early in the week, the crypto total market fell to a Monday low $2,015bn before rising to a high $2,108bn. At the time of writing, the total market cap stood at $2,034bn.

Bitcoin’s dominance rose to a Monday high 44.25% before falling to a Monday low 43.30%. At the time of writing, Bitcoin’s dominance stood at 43.38%.

This Morning

At the time of writing, Bitcoin was down by 0.16% to $46,927.6. A mixed start to the day saw Bitcoin fall to an early morning low $46,883.0 before rising to a high $47,150.5.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (+0.63%), Cardano’s ADA (+0.07%), and Chainlink (+0.06%) bucked the early trend.

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

At the time of writing, Crypto.com Coin was down by 1.91% to lead the way down.

BTCUSD 310821 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $47,611 pivot to bring the first major resistance level at $48,319 into play.

Support from the broader market would be needed for Bitcoin to break back through to $48,000 levels.

Barring a broad-based crypto rally, the first major resistance level and Monday’s high $48,924.7 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $50,000 before any pullback. The second major resistance level sits at $49,633.

Failure to move through the $47,611 pivot would bring the first major support level at $46,297 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$45,000 levels. The second major support level at $45,589 should limit the downside.

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

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.

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.