Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 25/07/21

Bitcoin and Litecoin over dollar banknotes.

Binance Coin

Binance Coin rose by 0.43% in the week ending 24th July. Partially reversing a 4.94% decline from the previous week, Binance Coin ended the week at $301.82.

A mixed start to the week saw Binance Coin rise to a Sunday intraweek high $314.11 before hitting reverse.

Falling short of the first major resistance level at $329, Binance Coin slid to a Tuesday intraweek low $254.58.

Binance Coin fell through the first major support level at $281 and the second major support level at $261.

More significantly, Binance Coin also fell through the 62% FIB of $273.

Finding mid-week support, however, Binance Coin broke back through the major support levels and the 62% FIB to end the week at $300 levels.

5 days in the green that included a 10.85% surge on Wednesday delivered the upside.

For the week ahead

Binance Coin would need to avoid the $290 pivot to bring the first major resistance level at $326 into play.

Support from the broader market would be needed, however, for Binance Coin to break back through to $320 levels.

Barring an extended rally, the first major resistance level and resistance at $330 would likely limit any upside.

In the event of a broad-based crypto rally, Binance Coin could test resistance at $400. The second major resistance level sits at $350.

A fall through the $290 pivot would bring the 62% FIB of $273 and the first major support level at $266 into play.

Barring an extended sell-off, however, Binance Coin should steer clear of the second major support level at $231.

At the time of writing, Binance Coin was down by 1.03% to $298.73. A mixed start to the week saw Binance Coin rise to an early Sunday high $304.49 before falling to a low $296.95.

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

BNBUSD 250721 Daily Chart

Litecoin

Litecoin rose by 5.06% in the week ending 24th July. Partially reversing a 10.45% slide from the previous week, Litecoin ended the week at $126.12.

A mixed start to the week saw Litecoin fall to a Tuesday intraweek low $104.02 before making a move.

Litecoin fell through the first major support level at $112 before a mid-week rally to a Saturday intraweek high $127.58.

Falling well short of the first major resistance level at $134, however, Litecoin ease back to end the week at $126 levels.

4 days in the green that included a 9.66% rally on Wednesday delivered the upside for the week.

For the week ahead

Litecoin would need to avoid the $119 pivot to bring the first major resistance level at $135 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $130 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $140 would likely limit any upside.

In the event of a broad-based crypto rally, Litecoin could test resistance at $150 before any pullback. The second major resistance level sits at $143.

A fall through the $119 pivot would bring the first major support level at $111 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of sub-$100 levels. The second major support level sits at $96.

At the time of writing, Litecoin was down by 1.21% to $124.60. A mixed start to the week saw Litecoin rise to an early Sunday high $126.61 before falling to a low $123.62.

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

LTCUSD 250721 Daily Chart

Tron’s TRX

Tron’s TRX rose by 2.66% in the week ending 24th July. Partially reversing an 8.51% slide from the previous week, Tron’s TRX ended the week at $0.05760.

A mixed start to the week saw Tron’s TRX rise to a Sunday intraweek high $0.05840 before hitting reverse.

Falling short of the first major resistance level at $0.06186, Tron’s TRX slid to a Tuesday intraweek low $0.04863.

The reversal saw Tron’s TRX fall through the first major support level at $0.05232 before recovering to end the week at $0.057 levels.

4 days in the green that included a 7.23% rally on Wednesday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid the $0.05488 pivot to support a run at the first major resistance level at $0.06112.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.060 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 $0.065 levels. The second major resistance level sits at $0.06465.

A fall through the $0.05488 pivot would bring the first major support level at $0.05135 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.04511.

At the time of writing, Tron’s TRX was down by 2.51% to $0.05616. A mixed start to the week saw Tron’s TRX rise to an early Sunday high $0.05791 before falling to a low $0.05603.

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

TRXUSD 250721 Daily Chart

The Crypto Daily – Movers and Shakers – July 22nd, 2021

Silver and golden coins with bitcoin, ripple and ethereum symbol

Bitcoin, BTC to USD, rallied by 7.85% on Wednesday. Reversing a 3.42% slide from Tuesday, Bitcoin ended the day at $32,154.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $29,523.0 before making a move.

Steering clear of the first major support level at $29,055, Bitcoin rallied to a late afternoon intraday high $32,850.0.

Bitcoin broke through the first major resistance level at $30,821 and the second major resistance level at $31,833.

A late pullback saw Bitcoin briefly fall back through the second major resistance level before ending the day at $32,100 levels.

The near-term bullish trend remained intact, in spite of the latest return to $29,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Wednesday.

Cardano’s ADA (+11.01%), Chainlink (+11.03%), and Ethereum (+11.74%) led the way.

Binance Coin (+10.85%), Bitcoin Cash SV (+7.56%), Litecoin (+9.66%), and Ripple’s XRP (+7.90%) also found strong support.

Crypto.com Coin (+5.96%) and Polkadot (+4.34%) trailed the front runners, however.

In the current week, the crypto total market fell to a Tuesday low $1,154bn before rising to a Wednesday high $1,337bn. At the time of writing, the total market cap stood at $1,303bn.

Bitcoin’s dominance rose to a Tuesday high 47.62% before falling to a Wednesday low 46.13%. At the time of writing, Bitcoin’s dominance stood at 46.34%.

This Morning

At the time of writing, Bitcoin was up 0.13% to $32,197.0. A mixed start to the day saw Bitcoin fall to an early morning low $31,900.0 before rising to a high $32,382.0.

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

Elsewhere, it was a mixed start to the day.

Polkadot bucked the trend early on, falling by 0.70%.

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

At the time of writing, Cardano’s ADA was up by 1.18% to lead the way.

BTCUSD 220721 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $31,509 pivot to bring the first major resistance level at $33,495 into play.

Support from the broader market would be needed for Bitcoin to break out from Wednesday’s high $32,850.0.

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 $34,000 before any pullback. The second major resistance level sits at $34,836.

A fall through the $31,509 pivot would bring the first major support level at $30,168 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$30,000 levels. The second major support level sits at $28,182.

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

Crypto currency background with various of shiny silver and golden physical cryptocurrencies symbol coins, Bitcoin, Ethereum, Litecoin, zcash, ripple

Binance Coin Price Support

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

A mixed start to the week, however, saw Binance Coin rise to a Sunday current week high $314.11 before hitting reverse.

Falling short of the first major resistance level at $329, Binance Coin slid to a Tuesday current week low $254.58.

Binance Coin fell through the first major support level at $281 and the second major support level at $261.

More significantly, Binance Coin also fell through the 62% FIB of $273.

Finding support on Tuesday, however, Binance Coin moved back through the second major support level to end the day at $264 levels.

For the current week, Sunday through Tuesday, Binance Coin was down by 12.01% to $264.46. A 7.17% slide on Monday and a 5.71% decline on Tuesday delivered the early downside.

The near-term bullish trend remained intact in spite of the 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 606% year-to-date.

At the time of writing, Binance Coin was down by 0.18% to $264.00. A mixed start to the day on Wednesday saw Binance Coin rise to an early high $266.59 before falling to a low $261.06

In spite of the pullback, Binance Coin avoided a fall back the second major support level at $261 early on.

BNBUSD 210721 Daily Chart

For the remainder of the week

Binance Coin would need to move back through to the 62% FIB of $273 and the first major support level at $281 to bring the first major resistance level at $329 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from the week’s $309 pivot.

Barring an extended rally going into the weekend, the first major resistance level at $329 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $340 before any pullback. The second major resistance level sits at $357.

Failure to move back through the 62% FIB and the first major support level would bring the second major support level at $261 back into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer of sub-$250 levels. The third major support level sits at $213.

Looking at the Technical Indicators

First Major Support Level: $281

Pivot Level: $309

First Major Resistance Level: $329

23.6% FIB Retracement Level: $540

38.2% FIB Retracement Level: $438

62% FIB Retracement Level: $273

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

Bitcoin coin on white keyboard

Bitcoin, BTC to USD, fell by 3.00% on Monday. Reversing a 0.83% gain from Sunday, Bitcoin ended the day at $30,865.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $31,928.0 before hitting reverse.

Falling short of the first major resistance level at $32,478, Bitcoin slid to an early afternoon intraday low $30,500.0.

Bitcoin fell through the first major support level at $31,136.

Finding support at the second major support level at $30,453, Bitcoin before briefly revisited $31,000 levels before easing back.

The near-term bullish trend remained intact, in spite of the latest return to $30,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bearish day on Monday.

Binance Coin slid by 7.17% to lead the way down, with Chainlink (-6.42%) and Polkadot (-6.64%) deep in the red.

Cardano’s ADA (-5.04%), Crypto.com Coin (-5.03%), Ethereum (-3.86%), Litecoin (-5.06%), and Ripple’s XRP (-4.86%) also saw heavy losses.

Bitcoin Cash SV ended the day flat.

Early in the week, the crypto total market rose to an early Monday high $1,289bn before falling to a Monday low $1,229bn. At the time of writing, the total market cap stood at $1,243bn.

Bitcoin’s dominance fell to a Monday low 46.06% before rising to a Monday high 46.79%. At the time of writing, Bitcoin’s dominance stood at 46.65%.

This Morning

At the time of writing, Bitcoin was 0.19% to $30,924.6. A mixed start to the day saw Bitcoin fall to an early morning low $30,798.0 before rising to a high $30,926.0.

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

Elsewhere, it was a mixed start to the day.

Polkadot bucked the trend early on, falling by 0.14%.

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

At the time of writing, Ripple’s XRP and Litecoin were up by 1.05% and by 1.04% respectively to lead the way.

BTCUSD 200721 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $31,098 pivot to bring the first major resistance level at $31,695 into play.

Support from the broader market would be needed for Bitcoin to break out from $31,500 levels.

Barring a broad-based crypto rally, the first major resistance level and Monday’s high $31,928.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $33,000 before any pullback. The second major resistance level sits at $32,526.

Failure to move through the $31,098 pivot would bring the first major support level at $30,267 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$29,000 levels. The second major support level at $29,670 should limit the downside.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 18/07/21

crypto currency mining concept

Binance Coin

Binance Coin fell by 4.94% in the week ending 17th July. Partially reversing a 6.01% rise from the previous week, Binance Coin ended the week at $300.58.

A mixed start to the week saw Binance Coin rise to a Monday intraweek high $336.76 before hitting reverse.

Falling short of the first major resistance level at $344, Binance Coin slid to a Thursday low $288.87.

Finding support at the first major support level at $288, Binance Coin revisited $320 levels before falling back into the red.

4 days in the red that included a 4.05% loss on Friday delivered the downside.

For the week ahead

Binance Coin would need to move through the $309 pivot to bring the first major resistance level at $329 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from $325 levels.

Barring an extended rally, the first major resistance level and last week’s high $336.76 would likely limit any upside.

In the event of a broad-based crypto rebound, Binance Coin could test resistance at $400. The second major resistance level sits at $357.

Failure to move through the $309 pivot would bring the first major support level at $281 and the 62% FIB of $273 into play.

Barring an extended sell-off, however, Binance Coin should steer clear of the second major support level at $261.

At the time of writing, Binance Coin was up by 1.19% to $304.15. A mixed start to the week saw Binance Coin fall to an early Sunday low $299.81 before rising to a high $305.05.

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

BNBUSD 180721 Daily Chart

Litecoin

Litecoin slid by 10.45% in the week ending 17th July. Following a 4.43% decline from the previous week, Litecoin ended the week at $120.02.

A mixed start to the week saw Litecoin rise to a Monday intraweek high $139.65 before hitting reverse.

Falling short of the first major resistance level at $146, Litecoin slid to a Saturday intraweek low $117.73.

Litecoin fell through the first major support level at $124 to end the week at sub-$121 levels.

6 days in the red that included a 3.99% fall on Thursday and a 4.06% slide on Friday delivered the downside for the week.

For the week ahead

Litecoin would need to move through the $126 pivot to bring the first major resistance level at $134 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $130 levels.

Barring an extended crypto rally, the first major resistance level and last week’s high $139.65 would likely limit any upside.

In the event of a broad-based crypto rally, Litecoin could test resistance at $150 before any pullback. The second major resistance level sits at $148.

Failure to move through the $134 pivot would bring the first major support level at $112 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of sub-$100 levels. The second major support level at $104 should limit the downside.

At the time of writing, Litecoin was up by 1.57% to $121.90. A mixed start to the week saw Litecoin fall to an early Sunday low $119.80 before rising to a high $122.37.

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

LTCUSD 180721 Daily Chart

Tron’s TRX

Tron’s TRX slid by 8.51% in the week ending 17th July. Following a 7.88% fall from the previous week, Tron’s TRX ended the week at $0.05612.

A mixed start to the week saw Tron’s TRX rise to a Monday intraweek high $0.06379 before hitting reverse.

Falling short of the first major resistance level at $0.06758, Tron’s TRX slid to a Saturday intraweek low $0.05425.

The reversal saw Tron’s TRX fall through the first major support level at $0.05692 before briefly revisiting $0.0569 levels. Late in the day on Saturday, the first major support level pinned Tron’s TRX back.

4 days in the red that included a 3.46% fall on Thursday and a 4.16% slide on Friday delivered the downside for the week.

For the week ahead

Tron’s TRX would need to move through the $0.05805 pivot to support a run at the first major resistance level at $0.06186.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.060 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 $0.070 levels. The second major resistance level sits at $0.06759. Tron’s TRX would need plenty of support, however, to break out from last week’s high $0.06379.

Failure to move through the $0.05805 pivot would bring the first major support level at $0.05232 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.050 levels. The second major support level sits at $0.04851.

At the time of writing, Tron’s TRX was up by 0.90% to $0.05662. A mixed start to the week saw Tron’s TRX fall to an early Sunday low $0.05573 before rising to a high $0.05706.

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

TRXUSD 180721 Daily Chart

The Crypto Daily – The Movers and Shakers – July 15th 2021

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

Bitcoin, BTC to USD, rose by 0.29% on Wednesday. Partially reversing a 1.05% loss from Tuesday, Bitcoin ended the day at $32,822.6.

A bearish start to the day saw Bitcoin slide to an early morning intraday low $31,588.0 before making a move.

Bitcoin fell through the first major support level at $32,168 and the second major support level at $31,605.

Finding late morning support, however, Bitcoin rallied to a late intraday high $33,128.0.

Falling short of the first major resistance level at $33,315, however, Bitcoin slipped back to sub-$32,700 and into the red.

Late in the day, Bitcoin moved back through to $33,000 levels, before easing back.

The near-term bullish trend remained intact, in spite of the latest return to $32,000 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 slid by 3.96% to lead the way down, with Bitcoin Cash SV and Polkadot falling by 1.14% and by 3.05% respectively.

Cardano’s ADA (-0.15%) and Litecoin (-0.31%) also saw red on the day.

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

Ethereum rallied by 2.77% to lead the way.

Binance Coin (+0.14%), Chainlink (+0.18%), and Ripple’s XRP (+0.21%) also joined Bitcoin in the green.

In the current week, the crypto total market rose to a Monday high $1,419bn before falling to a Wednesday low $1,265bn. At the time of writing, the total market cap stood at $1,327bn.

Bitcoin’s dominance fell to a Tuesday low 45.74% before rising to a Wednesday high 46.84%. At the time of writing, Bitcoin’s dominance stood at 46.35%.

This Morning

At the time of writing, Bitcoin was down by 0.10% to $32,790.0. A mixed start to the day saw Bitcoin rise to an early morning high $32,870.9 before falling to a low $32,665.1.

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 trend early on, rising by 0.49%.

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 150721 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $32,513 pivot to bring the first major resistance level at $33,438 into play.

Support from the broader market would be needed for Bitcoin to break out from Wednesday’s high $33,128.0.

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 $34,000 levels before any pullback. The second major resistance level sits at $34,053.

A fall through the $32,513 pivot would bring the first major support level at $31,898 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$31,000 levels. The second major support level sits at $30,973.

Binance Coin Mid-Week Analysis – Support Levels in Play – 14/07/21

Binance Coin Price Support

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

A mixed start to the week, however, saw Binance Coin rise to a Monday current week high $336.76 before hitting reverse.

Falling short of the first major resistance level at $344, Binance Coin fell to a Tuesday low $302.23.

Steering clear of the first major support level at $288, however, Binance Coin ended Tuesday at $308 levels.

For the current week, Sunday through Tuesday, Binance Coin was down by 2.31% to $308.92. A 1.80% loss on Monday and a 2.29% decline on Tuesday delivered the early downside.

The near-term bullish trend remained intact in spite of the 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 725% year-to-date.

At the time of writing, Binance Coin was down by 2.94% to $299.83. A mixed start to the day on Wednesday saw Binance Coin rise to an early high $310.05 before falling to a current week low $295.96

In spite of the pullback, Binance Coin continued to avoid the first major support level at $288.

BNBUSD 140721 Daily Chart

For the remainder of the week

Binance Coin would need to move back through to the $316 pivot to bring the first major resistance level at $344 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $336.76.

Barring an extended rally going into the weekend, the first major resistance level and resistance at $350 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test the second major resistance level at $371.

Failure to move back through the $316 pivot would bring the first major support level at $288 into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer of the second major support level at $260. The 62% FIB of $273 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $288

Pivot Level: $316

First Major Resistance Level: $343

23.6% FIB Retracement Level: $540

38.2% FIB Retracement Level: $438

62% FIB Retracement Level: $273

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

Depositphotos_192431198_s-2019 (1)

Bitcoin, BTC to USD, fell by 3.42% on Monday. Reversing a 2.21% gain from Sunday, Bitcoin ended the day at $33,078.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $34,655.0 before hitting reverse.

Falling short of the first major resistance level at $34,784, Bitcoin slid to a late intraday low $32,600.0.

Bitcoin fell through the first major support level at $33,510 and the second major support level at $32,776.

Steering clear of sub-$32,000 levels, however, Bitcoin move back through the second major support level to end the day at $33,000 levels.

The near-term bullish trend remained intact, in spite of the latest return to $32,000 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.

Ethereum and Chainlink led the way down, sliding by 5.17% and by 4.48% respectively.

Binance Coin (-1.80%), Cardano’s ADA (-2.61%), and  Crypto.com Coin (-1.98%) also struggled.

Bitcoin Cash SV (-1.11%), Litecoin (-0.69%), Polkadot (-0.70%), and Ripple’s XRP (-0.80%) saw relatively modest losses, however

Early in the week, the crypto total market rose to a Monday high $1,408bn before falling to a Monday low $1,329bn. At the time of writing, the total market cap stood at $1,339bn.

Bitcoin’s dominance fell to a Monday low 45.85% before rising to a Monday high 46.27%. At the time of writing, Bitcoin’s dominance stood at 46.41%.

This Morning

At the time of writing, Bitcoin was down by 0.48% to $32,919.0. A mixed start to the day saw Bitcoin rise to an early morning high $33,129.0 before falling to a low $32,855.0.

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, Crypto.com Coin was down by 0.97% to lead the way down.

BTCUSD 130721 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $33,444 pivot to bring the first major resistance level at $34,289 into play.

Support from the broader market would be needed for Bitcoin to break back through to $34,000 levels.

Barring a broad-based crypto rally, the first major resistance level and Monday’s high $34,655.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $36,000 levels before any pullback. The second major resistance level sits at $35,499.

Failure to move through the $33,444 pivot would bring the first major support level at $32,234 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$30,000 levels. The second major support level at $31,389 should limit the downside.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 11/07/21

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

Binance Coin

Binance Coin rose by 6.01% in the week ending 10th July. Following a 6.63% gain from the previous week, Binance Coin ended the week at $316.22.

A mixed start to the week, however, saw Binance Coin fall to a Monday intraweek low $287.32 before making a move.

Steering clear of the 62% FIB of $273 and the first major support level at $268, Binance Coin rallied to a Wednesday intraweek high $342.86.

Binance Coin broke through the first major resistance level at $324.

Falling short of the second major resistance level at $348, however, Binance Coin fell back to end the day at sub-$320 levels.

The pullback saw Binance Coin fall back through the first major resistance level.

4 days in the green that included a 5.95% gain on Tuesday delivered the downside.

For the week ahead

Binance Coin would need to avoid a fall back through the $316 pivot to bring the first major resistance level at $344 into play.

Support from the broader market would be needed, however, for Binance Coin to break back through to $340 levels.

Barring an extended rally, the first major resistance level and last week’s high $342.86 would likely limit any upside.

In the event of a broad-based crypto rebound, Binance Coin could test resistance at $400. The second major resistance level sits at $371.

A fall back through the $316 pivot would bring the first major support level at $288 and the 62% FIB of $273 into play.

Barring an extended sell-off, however, Binance Coin should steer clear of sub-$250 levels. The second major support level at $260 should limit the downside.

At the time of writing, Binance Coin was up by 0.10% to $316.53. A mixed start to the week saw Binance Coin fall to an early Sunday low $315.15 before rising to a high $319.53.

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

BNBUSD 110721 Daily Chart

Litecoin

Litecoin fell by 4.43% in the week ending 10th July. Partially reversing a 10.59% gain from the previous week, Litecoin ended the week at $134.01.

A mixed start to the week saw Litecoin rise to a Sunday intraweek high $148.00 before hitting reverse.

Falling short of the first major resistance level at $151, Litecoin slid to a Friday intraweek low $126.08.

Finding support at the first major support level at $127, however, Litecoin revisited $136 levels before easing back.

4 days in the red that included a 4.91% slide on Monday delivered the upside for the week.

For the week ahead

Litecoin would need to move through the $136 pivot to bring the first major resistance level at $146 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $145 levels.

Barring an extended crypto rally, the first major resistance level and last week’s high $148.00 would likely limit any upside.

In the event of a broad-based crypto rally, Litecoin could test resistance at $160 before any pullback. The second major resistance level sits at $158.

Failure to move through the $136 pivot would bring the first major support level at $124 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $114.

At the time of writing, Litecoin was down by 0.02% to $133.98. A mixed start to the week saw Litecoin fall to an early Sunday low $133.73 before rising to a high $135.50.

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

LTCUSD 110721 Daily Chart

Tron’s TRX

Tron’s TRX fell by 7.88% in the week ending 10th July. Reversing a 6.36% gain from the previous week, Tron’s TRX ended the week at $0.06134.

A mixed start to the week saw Tron’s TRX rise to a Sunday intraweek high $0.06941 before hitting reverse.

Falling short of the first major resistance level at $0.07337, Tron’s TRX slid to a Friday intraweek low $0.05875.

The reversal saw Tron’s TRX fall through the first major support level at $0.05971 before a return to $0.061 levels.

4 days in the red that included a 4.52% fall on Monday and a 5.00% slide on Thursday delivered the downside for the week.

For the week ahead

Tron’s TRX would need to move through the $0.06317 pivot to support a run at the first major resistance level at $0.06758.

Support from the broader market would be needed, however, for Tron’s TRX to break out from $0.065 levels.

Barring a broad-based crypto rally, first major resistance level and last week’s high $0.06941 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at the 23.6% FIB of $0.07870. The second major resistance level sits at $0.07383.

Failure to move through the $0.06317 pivot would bring the first major support level at $0.05692 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.055 levels. The second major support level sits at $0.05251.

At the time of writing, Tron’s TRX was up by 0.49% to $0.06164. A mixed start to the week saw Tron’s TRX rise to an early morning high $0.06222 before falling to a low $0.06090.

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

TRXUSD 110721 Daily Chart

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

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

Binance Coin Price Resistance

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

A mixed start to the week, however, saw Binance Coin fall to a Monday current week low $287.32 before making a move.

Steering clear of the 62% FIB of $273 and the first major support level at $268, Binance Coin rallied to a Tuesday current week high $331.41.

Binance Coin broke through the first major resistance level at $323 before easing back to $320 levels.

For the current week, Sunday through Tuesday, Binance Coin was up by 7.30% to $320.07. A 3.15% gain on Sunday and a 5.95% rally on Tuesday delivered the early upside.

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 first half of the year, however, with Binance Coin up by 754% year-to-date.

At the time of writing, Binance Coin was up by 1.78% to $325.76. A mixed start to the day on Wednesday saw Binance Coin fall to an early low $295.35 before rising to a high $328.45.

Binance Coin broke back through the first major resistance level at $323 early in the day on Wednesday.

BNBUSD 070721 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through to sub-$320 levels to bring the second major resistance level at $348 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $331.41.

Barring an extended rally going into the weekend, the second major resistance level and resistance at $350 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $400. The third major resistance level sits at $404.

A fall back through to sub-$320 and through the $293 pivot would bring the 62% FIB of $273 and the first major support level at $268 into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer of sub-$270 levels. The second major support level sits at $238.

Looking at the Technical Indicators

First Major Support Level: $268

Pivot Level: $293

First Major Resistance Level: $323

23.6% FIB Retracement Level: $540

38.2% FIB Retracement Level: $438

62% FIB Retracement Level: $273