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

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

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

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

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

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 04/07/21

Different cryptocurrencies in a circle with a golden bitcoin in

Binance Coin

Binance Coin rose by 6.63% in the week ending 3rd July. Following a 16.24% slide from the previous week, Binance Coin ended the week at $298.36.

A bearish start to the week saw Binance Coin fall to a Sunday intraweek low $263.06 before making a move.

While steering clear of the first major support level at $221, Binance Coin fell through the 62% FIB of $273.

Finding early support, however, Binance Coin broke back through the 62% FIB to strike a Tuesday intraweek high $318.24.

Falling short of the first major resistance level at $343, Binance Coin fell back to $284 levels before ending the week at $298 levels.

4 days in the green that included a 3.74% gain on Tuesday delivered the downside.

For the week ahead

Binance Coin would need to avoid the $293 pivot to bring the first major resistance level at $323 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from last week’s high $318.24.

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

In the event of a broad-based crypto rebound, Binance Coin could test resistance at $350. The second major resistance level sits at $348.

A fall 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, however, Binance Coin should steer clear of sub-$250 levels. The second major support level sits at $238.

At the time of writing, Binance Coin was down by 0.76% to $296.08. A mixed start to the week saw Binance Coin rise to an early Sunday high $299.36 before falling to a low $295.37.

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

BNBUSD 040721 Daily Chart

Litecoin

Litecoin rose by 10.59% in the week ending 3rd July. Partially reversing a 16.89% slide from the previous week, Litecoin ended the week at $140.19.

A mixed start to the week saw Litecoin fall to a Sunday intraweek low $124.61 before making a move.

Steering clear of the first major support level at $103, Litecoin rose to a Tuesday intraweek high $149.26.

Falling short of the first major resistance level at $154, Litecoin fell back to a low $130.60 before finding support.

5 days in the green that included a 4.71% rally on Tuesday delivered the upside for the week.

For the week ahead

Litecoin would need to avoid the $138 pivot to bring the first major resistance level at $151 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $150 levels.

Barring an extended crypto rally, the first major resistance level and last week’s high $149.26 would likely limit any upside.

In the event of a broad-based crypto rally, Litecoin could test resistance at the 23.6% FIB of $178. The second major resistance level sits at $163.

A fall through the $138 pivot would bring the first major support level at $127 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of sub-$120 levels. The second major support level sits at $113.

At the time of writing, Litecoin was down by 0.70% to $139.21. A mixed start to the week saw Litecoin rise to an early morning high $140.52 before falling to a low $139.09.

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

LTCUSD 040721 Daily Chart

Tron’s TRX

Tron’s TRX rose by 6.36% in the week ending 3rd July. Partially reversing an 8.10% decline from the previous week, Tron’s TRX ended the week at $0.06694.

A mixed start to the week saw Tron’s TRX fall to a Sunday intraweek low $0.05891 before making a move.

Steering clear of the first major support level at $0.04758, Tron’s TRX rose to a Tuesday intraweek high $0.07257.

Falling short of the first major resistance level at $0.07465, however, Tron’s TRX fell back to sub-$0.063 levels before ending the week at $0.066 levels.

6 days in the green that included a 3.57% gain on Tuesday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to move back through the $0.06614 pivot to support a run at the first major resistance level at $0.07337.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.070 levels.

Barring a broad-based crypto rally, first major resistance level and last week’s high $0.07257 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 $0.07980.

Failure to move back through the $0.06614 pivot would bring the first major support level at $0.05971 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 $0.05248.

At the time of writing, Tron’s TRX was down by 1.35% to $0.06604. A mixed start to the week saw Tron’s TRX rise to an early Sunday high $0.06714 before falling to a low $0.06591.

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

TRXUSD 040721 Daily Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 30/06/21

Binance

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 Sunday current week low $263.06 making a move.

While steering clear of the first major support level at $221, Binance Coin fell through the 62% FIB of $273.

Finding support on Monday, however, Binance Coin rallied to a Tuesday current week high $318.24.

While falling short of the first major resistance level at $343, Binance Coin broke back through the 62% FIB.

For the current week, Sunday through Tuesday, Binance Coin was up by 7.53% to $300.87. A 3.99% gain on Sunday and a 3.74% rise on Tuesday delivered the early upside.

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 first half of the year, however, with Binance Coin up by 703% year-to-date.

At the time of writing, Binance Coin was down by 0.92% to $298.11. A mixed start to the day on Wednesday saw Binance Coin fall to an early low $295.35 before rising to a high $303.28.

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

BNBUSD 300621 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the pivot at $284 to bring the first major resistance level at $343 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $318.24.

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 resistance at $400. The second major resistance level sits at $405.

A fall back through the $284 pivot would bring the 62% FIB of $273 and the first major support level at $221 into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer of sub-$200 levels. The second major support level sits at $162.

Looking at the Technical Indicators

First Major Support Level: $221

Pivot Level: $284

First Major Resistance Level: $343

23.6% FIB Retracement Level: $540

38.2% FIB Retracement Level: $438

62% FIB Retracement Level: $273

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 27/06/21

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Binance Coin

Binance Coin slid by 16.24% in the week ending 26th June. Following a 2.88% decline from the previous week, Binance Coin ended the week at $279.79.

A mixed start to the week, however, saw Binance Coin rise to a Sunday intraweek high $346.41 before hitting reverse.

Falling short of the first major resistance level at $376, Binance Coin slid to a Tuesday intraweek low $224.74.

The sell-off saw Binance Coin fall through the first major support level at $306 and the second major support level at $277.

Binance Coin also fell through the 62% FIB of $273 before finding support.

Mid-week, Binance Coin broke back through the support levels and the 62% FIB to revisit $324 levels before falling back to sub-$300.

The pullback saw Binance Coin fall back through the first major support level to end the week at $279 levels.

Binance Coin found support at the first major support level and the 62% FIB late in the week.

4 days in the red that included a 20.09% tumble on Monday delivered the downside.

For the week ahead

Binance Coin would need to move through the $284 pivot to bring the first major resistance level at $343 into play.

Support from the broader market would be needed, however, for Binance Coin to break back through to $300 levels.

Barring an extended rally, the first major resistance level and last week’s high $346.41 should limit any upside.

In the event of a broad-based crypto rebound, Binance Coin could test resistance at the 38.2% FIB of $438. The second major resistance level sits at $405.

Failure to move through the $284 pivot would bring the 62% FIB of $273 and the first major support level at $221 into play.

Barring an extended sell-off, however, Binance Coin should steer clear of sub-$200 levels. The second major support level sits at $162.

At the time of writing, Binance Coin was up by 0.10% to $280.06. A mixed start to the week saw Binance Coin fall to an early Sunday low $276.82 before rising to a high $285.15.

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

BNBUSD 270621 Daily Chart

Litecoin

Litecoin slid by 16.89% in the week ending 26th June. Following a 5.76% decline from the previous week, Litecoin ended the week at $126.81.

A bullish start to the week saw Litecoin rise to a Sunday intraweek high $156.20 before hitting reverse.

Falling short of the first major resistance level at $172, Litecoin tumbled to a Tuesday intraweek low and swing lo $105.00.

Litecoin fell through the first major support level at $142 and the second major support level at $132.

The extended sell-off also led to a near-term bearish trend formed at 10th May’s swing hi $413.91.

Finding support late in the week, Litecoin moved back through to $138 levels before easing back into the deep red.

3 days in the red that included a 19.64% tumble on Monday delivered the downside for the week.

For the week ahead

Litecoin would need to move through the $129 pivot to bring the first major resistance level at $154 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $150 levels.

Barring an extended crypto rally, the first major resistance level and last week’s high $156.20 would likely limit any upside.

In the event of a broad-based crypto rally, Litecoin could test resistance at the 23.6% FIB of $178. The second major resistance level sits at $180.

Failure to move through the $129 pivot would bring the first major support level at $103 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of sub-$100 levels. The second major support level sits at $78.

At the time of writing, Litecoin was down by 0.04% to $126.76. A mixed start to the week saw Litecoin fall to an early morning low $125.77 before rising to a high $127.93.

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

LTCUSD 270621 Daily Chart

Tron’s TRX

Tron’s TRX fell by 8.10% in the week ending 26th June. Reversing a 0.35% gain from the previous week, Tron’s TRX ended the week at $0.06262.

A bearish start to the week saw Tron’s TRX slide to a Tuesday intraweek low and a swing lo $0.04457 before making a move.

Tron’s TRX fell through the first major support level at $0.06170 and the second major support level at $0.05525.

The extended sell-off also led to a near-term bearish trend formation at 16th April’s swing hi $0.1844.

Finding mid-week support, however, Tron’s TRX rallied to a Thursday intraweek high $0.07164.

Falling short of the first major resistance level at $0.07587, Tron’s TRX fell back to sub-$0.060 levels before ending the week at $0.062 levels.

4 days in the red that included a 20.96% tumble on Monday delivered the downside for the week.

For the week ahead

Tron’s TRX would need to avoid the $0.05961 pivot to support a run at the first major resistance level at $0.07465.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.07164.

Barring a broad-based crypto rally, first major resistance level and the 23.6% FIB of $0.07870 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at $0.085. The second major resistance level sits at $0.08668.

A fall through the $0.05961 pivot would bring the first major support level at $0.04758 into play.

Barring another extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.040 levels. The second major support level sits at $0.03254.

At the time of writing, Tron’s TRX was up by 0.66% to $0.06304. A mixed start to the week saw Tron’s TRX fall to an early Sunday low $0.06179 before rising to a high $0.06396.

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

TRXUSD 270621 Daily Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 23/06/21

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

Binance Coin Price Resistance

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 Sunday current week high $346.41 before hitting reverse.

Falling short of the first major resistance level at $376, Binance Coin slid to a Tuesday current week low $224.74.

The sell-off saw Binancce Coin fall through the first major support level at $306 and the second major support level at $277.

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

Recovering from Tuesday’s low, Binance Coin briefly broke back through the 62% FIB and the second major support level.

A bearish end to the day, however, saw Binance Coin fall back to sub-$270 levels.

For the current week, Sunday through Tuesday, Binance Coin was down by 21.51% to $262.2. A 20.09% tumble on Monday delivered the downside early in the 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 first half of the year, however, with Binance Coin up by 600% year-to-date.

At the time of writing, Binance Coin was up by 1.94% to $267.29. A mixed start to the day on Wednesday saw Binance Coin fall to an early low $252.53 before rising to a high $270.94

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

BNBUSD 230621 Daily Chart

For the remainder of the week

Binance Coin would need to break back through the 62% FIB of $273, the major support levels and the pivot at $347 to bring the first major resistance level at $376 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $346.41.

Barring an extended rally going into the weekend, resistance at $350 would likely leave Binance Coin short of the major resistance levels.

In the event of an extended breakout, however, Binance Coin could test resistance at the 38.2% FIB of $438. The second major resistance level sits at $417.

Failure to move back through the second and first major support levels would bring the third major support level at $207.44 into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer of sub-$200 levels.

Looking at the Technical Indicators

First Major Support Level: $306

Pivot Level: $347

First Major Resistance Level: $376

23.6% FIB Retracement Level: $540

38.2% FIB Retracement Level: $438

62% FIB Retracement Level: $273