The Crypto Daily – Movers and Shakers – 28/02/20

Bitcoin rose by 0.21% on Wednesday. Partially reversing a 5.51% slide on Wednesday, Bitcoin ended the day at $8,825.6.

A bearish start to the day saw Bitcoin slide to an early morning intraday low $8,555.0 before finding support.

Steering clear of the first major support level at $8,515.3, Bitcoin recovered to a late afternoon intraday high $8,975.0.

Falling well short of the first major resistance level at $9,248.5, Bitcoin fell back to sub-$8,700 levels before moving back into the green.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a bullish day for the crypto majors.

Tron’s TRX, Ripple’s XRP, and Stellar’s Lumen led the way, with gains of 3.93%, 3.81%, and 3.06% respectively.

Binance Coin (+2.51%), Litecoin (+2.03%), and EOS (+2.31%) also found strong support.

Bitcoin Cash ABC (+1.87%), Bitcoin Cash SV (+1.68%), Cardano’s ADA (+1.33%), Ethereum (+1.72%), Monero’s XMR (+0.33%), and Tezos (+1.62%) trailed the front runners.

Through the first half of the week, the crypto total market cap rose to a Monday high $290.09bn before hitting a low Thursday low $241.84bn. At the time of writing, the total market cap stood at $254.27bn.

Bitcoin’s dominance rose to 64% levels before easing back. At the time of writing, Bitcoin’s dominance stood at 63.8%, which was still up from sub-63% levels seen on Monday.

Trading volumes recovered from sub-$160bn levels to hit a current week high $196.34bn on Thursday morning. At the time of writing, 24-hr volumes stood at $160.87bn.

This Morning

At the time of writing, Bitcoin was up by 0.65% to $8,883.3. A relatively bullish start to the day saw Bitcoin rise from an early morning low $8,792.2 to a high $8,908.3.

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

Elsewhere, it was a bullish start to the day for the majors. Binance Coin (+2.09%), Cardano’s ADA (+2.37%), and Ethereum (+2.35%) led the way early on.

Monero’s XMR trailed the back, up by just 1.04% at the time of writing.

BTC/USD 28/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the morning high $8,903 to bring the first major resistance level at $9,015.4 into play.

Support from the broader market would be needed, however, for Bitcoin to break back to $9,000 levels.

Barring a broad-based crypto recovery, the first major resistance level would likely pin Bitcoin back on the day.

In the event of a crypto rally, the second major resistance level at $9,205.2 and 38.2% FIB of $9,620 could come into play.

Failure to move back through the morning high $8,908.3 could see Bitcoin hit reverse.

A fall back through to sub-$8,790 levels would bring the first major support level at $8,595.4 into play.

Barring an extended crypto sell-off, however, Bitcoin should well steer clear of the second major support level at $8,365.2 and the 23.6% FIB of $8,200.

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 27/02/20

Litecoin

Litecoin tumbled by 14.81% on Wednesday. Following on from a 6.08% slide on Tuesday, Litecoin ended the day at $60.42.

A bearish start to the day saw Litecoin fall from an early morning intraday high $72.16 to a late afternoon intraday low $57.52.

Steering clear of the major resistance levels, Litecoin fell through the major support levels of the day. Litecoin also slid through the 23.6% FIB of $62.00.

Late in the day, Litecoin briefly broke back through the third major support level at $58.49 and 23.6% FIB before wrapping up the day at $60 levels.

At the time of writing, Litecoin was down by 0.22% to $60.29. A mixed start to the day saw Litecoin fall to an early morning low $57.10 before striking a high $61.02.

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

LTC/USD 27/02/20 Daily Chart

For the day ahead

Litecoin would need to move through to $63.40 levels to support a run the first major resistance level at $69.21.

Support from the broader market would be needed, however, for Litecoin to break out from the 23.6% FIB of $62.

Barring a broad-based crypto rebound, Litecoin would likely fall well short of the first major resistance level.

Failure to move through to $63.40 levels could see Litecoin fall deeper into the red.

A fall back through the morning low $57.10 would bring the first major support level at $54.57 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of sub-$50 support levels on the day.

Looking at the Technical Indicators

Major Support Level: $54.57

Major Resistance Level: $69.21

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen slid by 7.57% on Wednesday. Following on from a 6.47% fall on Tuesday, Stellar’s Lumen ended the day at $0.059109.

Tracking the broader market, Stellar’s Lumen slid from an early morning intraday high $0.064759 to a late afternoon intraday low $0.056106.

Stellar’s Lumen fell through the first major support level at $0.06249 and the second major support level at $0.06024.

Finding support late on, Stellar’s Lumen briefly moved back through the second major support level before wrapping up the day at sub-$0.060 levels.

At the time of writing, Stellar’s Lumen was down by 1.73% to $0.058088. A bearish start to the day saw Stellar’s Lumen fall from an early morning high $0.058438 to a low $0.056181.

Stellar’s Lumen left the major support and resistance levels untested early on.

XLM/USD 27/02/20 Daily Chart

For the day ahead

Stellar’s Lumen would need to move through to $0.060 levels to support a run at the first major resistance level at $0.06388.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.058438.

Barring a broad-based crypto rebound, resistance at $0.060 would likely leave Stellar’s Lumen short of the first major resistance level.

Failure to move through to $0.060 levels could see Stellar’s Lumen struggle in the day.

A fall back through the morning low $0.0561818 would bring the first major support level at $0.05522 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.055 support levels.

Looking at the Technical Indicators

Major Support Level: $0.05522

Major Resistance Level: $0.06388

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX tumbled by 13.26% on Wednesday. Following on from a 4.65% fall on Tuesday, Tron’s TRX ended the day at $0.016410.

Bearish through the day, Tron’s TRX fell from an early morning intraday high $0.019145 to a late afternoon intraday low $0.015610.

The reversal saw Tron’s TRX slide through the major support levels of the day before finding support.

Finding support late on, Tron’s TRX recovered to $0.0167 levels before easing back. The third major support level at $0.01670 pinned Tron’s TRX back late in the day.

At the time of writing, Tron’s TRX was up by 1.83% to $0.016710. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.015910 before striking a high $0.01680.

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

TRX/USD 27/02/20 Daily Chart

For the Day Ahead

Tron’s TRX would need to move through to $0.0170 levels to support a run at the first major resistance level at $0.01850.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.01680.

Barring an extended crypto rebound, resistance at $0.018 would likely leave Tron’s TRX short of the first major resistance level.

Failure to move through to $0.0170 levels could see Tron’s TRX slide back into the red.

A fall back through to sub-$0.016 levels would bring the first major support level at $0.01497 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.015 levels on the day.

Looking at the Technical Indicators

Major Support Level: $0.01497

Major Resistance Level: $0.01850

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 26/02/20

Litecoin

Litecoin slid by 6.08% on Tuesday. Following on from a 5.31% decline on Monday, Litecoin ended the day at $70.96.

A bearish start to the day saw Litecoin fall from an early morning intraday high $76.12 to a late morning low $72.64.

Steering clear of the major support and resistance levels, Litecoin recovered to $75 levels before hitting reverse.

The reversal saw Litecoin fall through the first major support level at $71.55 to a late afternoon intraday low $69.30.

Finding support late in the day, Litecoin moved back through to $70 levels to reduce the loss on the day.

At the time of writing, Litecoin was down by 3.83% to $68.24. A bearish start to the day saw Litecoin fall from an early morning high $72.16 to a low $66.61.

Litecoin fell through the first major support level at $68.13 before finding support.

LTC/USD 26/02/20 Daily Chart

For the day ahead

Litecoin would need to move through to $72.10 levels to support a run the first major resistance level at $74.95.

Support from the broader market would be needed, however, for Litecoin to break back through to $70 levels.

Barring a broad-based crypto rebound, Litecoin would likely fall well short of the first major resistance level.

Failure to move through to $72.10 levels could see Litecoin fall deeper into the red.

A fall back through the first major support level at $68.13 to sub-$67 levels would bring the second major support level at $65.31 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$65 levels on the day.

Looking at the Technical Indicators

Major Support Level: $68.13

Major Resistance Level: $74.95

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen slid by 6.47% on Tuesday. Following on from a 5.82% fall on Monday, Stellar’s Lumen ended the day at $0.064739.

Tracking the broader market, Stellar’s Lumen slid from an early morning intraday high $0.069264 to a late intraday low $0.063625.

Stellar’s Lumen fell through the first major support level at $0.06649 and the second major support level at $0.06384.

Finding support late on, Stellar’s Lumen moved back through the second major support level to wrap up the day at $0.064 levels.

At the time of writing, Stellar’s Lumen was down by 4.47% to $0.061844. A bearish start to the day saw Stellar’s Lumen slide from an early morning high $0.064759 to a low $0.060836.

Stellar’s Lumen fell through the first major support level at $0.06249.

XLM/USD 26/02/20 Daily Chart

For the day ahead

Stellar’s Lumen would need to move through the first major support level to $0.06590 levels to support a run at the first major resistance level at $0.06813.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.064759.

Barring a broad-based crypto rebound, resistance at $0.065 would likely leave Stellar’s Lumen short of the first major resistance level.

Failure to move through to $0.06590 levels could see Stellar’s Lumen struggle in the day.

A fall through the second major support level at $0.06024 would bring sub-$0.060 levels into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the third major support level at $0.05460.

Looking at the Technical Indicators

Major Support Level: $0.06249

Major Resistance Level: $0.06813

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX fell by 4.65% on Tuesday. Following on from a 6.94% slide on Monday, Tron’s TRX ended the day at $0.018995.

A mixed start to the day saw Tron’s TRX fall to a mid-morning low $0.019284 before striking a mid-day intraday high $0.019958.

Falling short of the first major resistance level at $0.02112, Tron’s TRX slid to a late afternoon intraday low $0.01870.

The reversal saw Tron’s TRX fall through the first major support level at $0.01892 before late support kicked in.

At the time of writing, Tron’s TRX was down by 7.85% to $0.017504. A bearish start to the day saw Tron’s TRX slide from an early morning high $0.019145 to a low $0.016290.

Tron’s TRX fell through the day’s major support levels before a move back through the third major support level at $0.01670.

TRX/USD 26/02/20 Daily Chart

For the Day Ahead

Tron’s TRX would need to move through to $0.01920 levels to support a run at the first major resistance level at $0.01974.

Support from the broader market would be needed, however, for Tron’s TRX to break back through the second major support level at $0.01796 and the first major support level at $0.01848.

Barring an extended crypto rebound, resistance at $0.019 would likely leave Tron’s TRX well short of the first major resistance level.

Failure to move through to $0.01920 levels could see Tron’s TRX slide deeper into the red.

A fall back through the third major support level at $0.01670 would bring sub-$0.016 levels into play.

Barring an extended crypto sell-off, however, the third major support level should limit any downside on the day.

Looking at the Technical Indicators

Major Support Level: $0.01848

Major Resistance Level: $0.01974

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

The Crypto Daily – Movers and Shakers – 26/02/20

Bitcoin slid by 3.58% on Tuesday. Following on from a 3.11% decline from Monday, Bitcoin ended the day at $9,327.5.

A bearish start to the day saw Bitcoin fall from an early morning high $9,674.9 to a mid-morning low $9,512.4 before finding support.

Steering clear of the first major support level at $9,402.87, Bitcoin recovered to a mid-day intraday high $9,691.9 before hitting reverse.

Falling short of the first major resistance level at $9,983.67, Bitcoin slid to a late intraday low $9,251.4.

Bitcoin fell through the first major support level at $9,402.87 and 38.2% FIB of $9,260.

Finding support late in the day, Bitcoin broke back through the 38.2% FIB to wrap up the day at $9,300 levels.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was another bearish day for the crypto majors.

Tezos led the way down, sliding by 12.07%.

Binance Coin (-8.32%), Bitcoin Cash ABC (-6.21%), Bitcoin Cash SV (-7.17%), Ethereum (-7.17%), Litecoin (-6.08%), Ripple’s XRP (-6.65%), and Stellar’s Lumen (-6.47%) also saw heavy losses.

Things were not much better for the rest of the pack, however.

Cardano’s ADA (-5.29%), EOS (-1.25%), Monero’s XMR (-3.48%), and Tron’s TRX (-4.65%) were also in the deep red.

Through the start of the week, the crypto total market cap rose to a Monday high $285.11bn before hitting a low Wednesday low $260.40bn. At the time of writing, the total market cap stood at $262.08bn.

Bitcoin’s dominance was on the rise at the start of the week. At the time of writing, Bitcoin’s dominance stood at 64.2%, up from sub-63% levels earlier in the day on Monday.

Trading volumes recovered from sub-$160bn levels to hit a current week high $165.37 on Wednesday morning. At the time of writing, 24-hr volumes stood at $165.37bn.

This Morning

At the time of writing, Bitcoin was down by 1.22% to $9,213.4. A bearish start to the day saw Bitcoin fall from an early morning high $9,385.9 to a low $9,130.0.

Steering clear of the major resistance levels, Bitcoin fell through the 38.2% FIB of $9,260 and the first major support level at $9,155.30.

Elsewhere, it was another sea of red across the crypto-board.

Tron’s TRX and Bitcoin Cash SV led the way, with losses of 9.18% and 9.21% respectively.

Binance Coin (-4.64%), Cardano’s ADA (-5.91%), EOS (-4.96%), Litecoin (-4.04%), Ripple’s XRP (-4.73%), and Stellar’s Lumen (-5.00%) were also in the deep red.

Through the early part of the day, Monero’s XMR saw a modest loss of 2.48% relative to the rest of the pack.

BTC/USD 26/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $9,420 levels to bring the first major resistance level at $9,595.80 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through the 38.2% FIB of $9,260.0.

Barring a broad-based crypto rebound, resistance at $9,400 would likely leave Bitcoin short of the first major resistance level at $9,595.80.

Failure to move back through to $9,420 levels could see Bitcoin fall deeper into the red.

A fall back through the morning low $9,130.0 would bring the second major support level at $8,983.10 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$9,000 levels.

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 25/02/20

Litecoin

Litecoin slid by 5.31% on Monday. Partially reversing a 6.58% rally from Sunday, Litecoin ended the day at $75.55.

Bearish through the day, Litecoin slid from an early morning intraday high $80.04 to a late afternoon intraday low $71.80.

Litecoin fell through the first major support level at $76.08 and the second major support level at $72.37.

Of greater significance, however, was a fall through the 38.2% FIB of $78.

Finding support late on, Litecoin broke back through the second major support level to wrap up the day at $75.55.

At the time of writing, Litecoin was down by 2.63% to $73.56. A bearish start to the day saw Litecoin fall from an early morning high $76.12 to a low $73.26.

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

LTC/USD 25/02/20 Daily Chart

For the day ahead

Litecoin would need to move through to $75.80 levels to support a run the first major resistance level at $79.79.

Support from the broader market would be needed, however, for Litecoin to breakout from the 38.2% FIB of $78.

Barring a broad-based crypto rally, the 38.2% FIB would likely leave Litecoin short of the first major resistance level.

Failure to move through to $75.80 levels could see Litecoin fall deeper into the red.

A fall back through the morning low $73.26 would bring the first major support level at $71.55 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$70 levels on the day.

Looking at the Technical Indicators

Major Support Level: $71.55

Major Resistance Level: $79.79

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen slid by 5.82% on Monday. Reversing a 4.42% gain from Sunday, Stellar’s Lumen ended the day at $0.069148.

Tracking the broader market, Stellar’s Lumen slid from an early morning intraday high $0.073827 to a late intraday low $0.067507.

Stellar’s Lumen fell through the first major support level at $0.07093 and the second major support level at $0.068450.

Finding support late on, Stellar’s Lumen moved back through the second major support level to wrap up the day at $0.069 levels.

At the time of writing, Stellar’s Lumen was down by 2.37% to $0.067509. A bearish start to the day saw Stellar’s Lumen fall from an early morning high $0.069264 to a low $0.067509.

Stellar’s Lumen left the major support and resistance levels untested early on.

XLM/USD 25/02/20 Daily Chart

For the day ahead

Stellar’s Lumen would need to move through to $0.07020 levels to support a run at the first major resistance level at $0.07281.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.069264.

Barring a broad-based crypto rebound, resistance at $0.070 would likely leave Stellar’s Lumen short of the first major resistance level.

Failure to move through to $0.07020 levels could see Stellar’s Lumen struggle later in the day.

A fall back through Monday’s low $0.067507 would bring the first major support level at $0.06649 into play.

Barring another crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.0660 levels on the day.

Looking at the Technical Indicators

Major Support Level: $0.06649

Major Resistance Level: $0.07281

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX slid by 6.94% on Monday. Reversing a 6.54% rally from Sunday, Tron’s TRX ended the day at $0.019875.

A bearish start to the day saw Tron’s TRX slide from an early morning intraday high $0.021398 to a late afternoon intraday low $0.019200.

Tron’s TRX fell through the first major support level at $0.02053 and the second major support level at $0.01961.

Steering clear of sub-$0.019 support levels, Tron’s TRX broke back through the second major support level late on.

At the time of writing, Tron’s TRX was down by 0.73% to $0.019729. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.019921 to a low $0.019552.

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

TRX/USD 25/02/20 Daily Chart

For the Day Ahead

Tron’s TRX would need to move through to $0.02020 levels to support a run at the first major resistance level at $0.02112.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.019921.

Barring an extended crypto rally, resistance at $0.020 would likely leave Tron’s TRX short of the first major resistance level.

Failure to move through to $0.02020 levels could see Tron’s TRX slide deeper into the red.

A fall back through the morning low $0.019552 would bring the first major support level at $0.01892 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should continue to steer clear of sub-$0.019 levels on the day.

Looking at the Technical Indicators

Major Support Level: $0.01892

Major Resistance Level: $0.02112

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

The Crypto Daily – Movers and Shakers – 24/02/20

Bitcoin rallied by 3.33% on Sunday. Reversing a 0.31% fall from Saturday, Bitcoin ended the week up by 0.60% to $9,985.0.

A bullish start to the day saw Bitcoin rally from an early morning intraday low $9,660.0 to a late morning intraday high $10,001.0.

Steering clear of the major support levels, Bitcoin broke through the day’s major resistance levels.

A pullback to sub-$9,900 levels going into the afternoon saw Bitcoin fall back through the third major resistance level at $9,956.83.

Through the late part of the day, however, Bitcoin broke back through the third major resistance level to close out the week at $9,985.0.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a bullish day for the crypto majors.

Monero’s XMR led the way, rallying by 8.13%, with Bitcoin Cash ABC (+7.93%) and EOS (+7.03%) close behind.

Tezos (+6.85%), Litecoin (+6.58%), and Tron’s TRX (+6.54%) also made solid gains.

Binance Coin (+4.23%), Bitcoin Cash SV (+5.50%), Cardano’s ADA (+5.85%), Ethereum (+5.17%), Ripple’s XRP (3.12%), and Stellar’s Lumen (+4.42%) trailed the front runners.

For a number of the majors, Sunday’s rally failed to reverse losses from earlier in the week.

Tron’s TRX led the way down, falling by 3.81%, with Monero’s XMR (-3.53%) close behind.

Binance Coin (-1.93%), Bitcoin Cash ABC (-2.99%), Ripple’s XRP (-2.93%), and Stellar’s Lumen (-1.55%) also saw red.

It was a bullish week for the rest of the majors, however, with Tezos rallying by 8.6% to lead the way.

Bitcoin Cash SV (+3.65%), Cardano’s ADA (+0.40%), EOS (+0.33%), Ethereum (+6.54%), and Litecoin (+6.90%) also joined Bitcoin in the green.

Through the week, the crypto total market cap fell to a Monday low $273.33bn before hitting a Thursday high $297.79bn. On Thursday, the market cap fell back to sub-$275bn levels before support kicked in. At the time of writing, the total market cap stood at $283.65bn.

Bitcoin’s dominance held steady late in the week. At the time of writing, Bitcoin’s dominance stood at 62.8%, up from a week low 62.02% on Wednesday.

Trading volumes eased back from $196bn levels seen on Monday. At the time of writing, 24-hr volumes stood at $146.79bn.

This Morning

At the time of writing, Bitcoin was down by 2.21% to $9,764.6. A mixed start to the day saw Bitcoin rise to an early morning high $10,022.0 before sliding to a low $9,562.8.

Steering clear of the major resistance levels, Bitcoin fell through the first major support level at $9,763.0.

Elsewhere, it was a sea of red across the crypto-board, with Tezos sliding by 7.10% to lead the way down.

Binance Coin saw modest losses relative to the pack, down by 1.8% at the time of writing.

BTC/USD 24/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $9,880 levels to bring the first major resistance level at $10,104.0 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from this morning’s high $10,022.0.

Barring an extended crypto rally, the first major resistance level at $10,104.0 would likely cap any upside.

Failure to move back through to $9,880 levels could see Bitcoin fall deeper into the red.

A fall through to sub-$9,600.0 levels would bring the second major support level at $9,541.0 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$9,500.

The Crypto Daily – Movers and Shakers – 23/02/20

Bitcoin fell by 0.31% on Saturday. Partially reversing a 0.87% gain from Friday, Bitcoin ended the day at $9,663.0.

A bearish start to the day saw Bitcoin slide from an early intraday high $9,719.9 to a mid-morning intraday low $9,565.1.

Steering clear of the major resistance levels, Bitcoin fell through the first major support level at $9,586.37.

Finding support through the rest of the day, however, Bitcoin bounced back to $9,700 levels before easing back at the day end.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was another mixed day for the crypto majors.

Tezos led the way down on Saturday, sliding by 5.11%.

Bitcoin Cash ABC (-1.59%), Bitcoin Cash SV (-3.29%), Ethereum (-1.40%), Monero’s XMR (-1.62%), and Stellar’s Lumen (-1.53%) also saw relatively heavy losses.

Binance Coin (-0.99%), Cardano’s ADA (-0.61%), and Tron’s TRX (-0.41%) saw modest losses on the day.

EOS (+1.80%), Litecoin (+1.99%), and Ripple’s XRP (+0.36%) bucked the trend on the day.

Through the current week, the crypto total market cap fell to a low $273.33bn before hitting a Thursday high $297.79bn. On Thursday, the market cap fell back to sub-$275bn levels before support kicked in. At the time of writing, the total market cap stood at $282.49bn.

Bitcoin’s dominance held steady late in the week. At the time of writing, Bitcoin’s dominance stood at 62.8%, up from a current week low 62.02% from Wednesday.

Trading volumes continued to ease back from $196bn levels seen on Monday. At the time of writing, 24-hr volumes stood at $126.13bn.

This Morning

At the time of writing, Bitcoin was up by 1.42% to $9,799.9. A bullish start to the day saw Bitcoin rise from an early morning low $9,660.0 to a high $9,824.5.

Steering clear of the major support levels, Bitcoin broke through the first major resistance level at $9,732.97 and second major resistance level at $9,802.93.

Elsewhere, it’s been a bullish start to the day for the majors.

Tezos led the way early on, rallying by 4.60%, with Tron’s TRX up by 3.26%

BTC/USD 23/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $9,800 levels to bring the third major resistance level at $9,956.83 back into play.

Support from the broader market would be needed, however, for Bitcoin to break out from the second major resistance level.

Barring an extended crypto rally, the second major resistance level at $9,802.93 would likely continue to cap any upside.

In the event of another breakout, Bitcoin could eye a return to $10,000 levels.

Failure to move back through to $9,800 levels could see Bitcoin fall hit reverse.

A fall through the morning low $9,660.0 would bring the first major support level at $9,579.07 into play.

Barring a crypto sell-off, Bitcoin should steer clear of sub-$9,500 and the second major support level at $9,495.13.

The Crypto Daily – Movers and Shakers – 21/02/20

Bitcoin rose by 0.18% on Thursday. Following a 5.81% slide on Wednesday, Bitcoin ended the day at $9,608.1.

It was range-bound through most of the day, with Bitcoin moving within a $150 spread through the morning. In the late afternoon, Bitcoin fell to an intraday low $9,359.7 before striking an intraday high $9,699.9.

Steering clear of the major support and resistance levels, Bitcoin eased back to sub-$9,600 levels.

Bitcoin recovered to $9,600 levels, however, to close out the day in the green.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a mixed day for the crypto majors.

Tezos led the way on Thursday, rising by 2.20%.

Cardano’s ADA (+1.59%), EOS (+0.85%), and Stellar’s Lumen (+1.04%) also joined Bitcoin in the green.

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

Bitcoin Cash ABC led the way down, falling by 1.92%.

Bitcoin Cash SV (-1.01%), Litecoin (-1.49%), Monero’s XMR (-1.47%), Ripple’s XRP (-1.25%), and Tron’s TRX (-1.54%) also saw relatively heavy losses.

Binance Coin (-0.98%), Ethereum (-0.43%) and Binance Coin (-0.98%) saw more modest losses on the day.

Through the current week, the crypto total market cap fell to a low $273.33bn before hitting a Tuesday high $297.09bn. On Thursday, the market cap fell back to a low $274.75bn before support kicked in. At the time of writing, the total market cap stood at $280.67bn.

Bitcoin’s dominance picked up on Thursday, following Bitcoin’s modest gain. At the time of writing, Bitcoin’s dominance stood at 62.8%, up from a current week low 62.02% from Wednesday.

While trading volumes eased back from $196bn levels seen on Monday, volumes hit $186bn levels on Thursday before falling back. At the time of writing, 24-hr volumes stood at $163.82bn.

This Morning

At the time of writing, Bitcoin was up by 0.93% to $9,697.5. A bullish start to the day saw Bitcoin rise from an early morning low $9,576.6 to a high $9,750.0

Steering clear of the major support levels, Bitcoin came within range of the first major resistance level at $9,752.1 early on.

Elsewhere, it was a bullish start to the day for the majors.

Litecoin led the way, rallying by 3.29%. Bitcoin Cash ABC (+2.29%), EOS (+2.45%), and Monero’s XMR (+2.10%) also found support early.

Binance Coin (+0.47%) and Tezos (+0.59%) trailed the back through the morning.

BTC/USD 21/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through to $9,700 levels to bring the first major resistance level at $9,752.1 back into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $9,7000 levels.

Barring an extended crypto rally, the first major resistance level at $9,752.1 would likely cap any upside.

In the event of another breakout, Bitcoin could test the second major resistance level at $9,896.1 before any pullback.

Failure to move back through to $9,700 levels could see Bitcoin fall hit reverse.

A fall through the morning low $9,576.6 to sub-$9,550 levels would bring the first major support level at $9,411.90 into play.

Barring a crypto sell-off, Bitcoin should steer clear of sub-$9,400 support levels.

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 20/02/20

Litecoin

Litecoin slid by 8.65% on Wednesday. Reversing a 5.41% rally from Tuesday, Litecoin ended the day at $70.67.

A mixed start to the day saw Litecoin fall to a mid-morning low $75.61 before striking a late afternoon intraday high $79.75.

While steering clear of the major support and resistance levels, Litecoin broke through the 38.2% FIB of $78 before hitting reverse.

The reversal saw Litecoin saw Litecoin slide to a late intraday low $67.78. Litecoin fell through the 38.2% FIB and first major support level at $72.02 before briefly recovering to $73 levels.

Litecoin fell back through the first major support level to wrap up the day at $70 levels.

At the time of writing, Litecoin was up by 1.32% to $71.60. A bullish start to the day saw Litecoin rise from an early morning low $70.20 to a high $72.40.

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

LTC/USD 20/02/20 Daily Chart

For the day ahead

Litecoin would need to move through to $72.70 levels to support a run the first major resistance level at $77.69.

Support from the broader market would be needed, however, for Litecoin to break out from $75 levels.

Barring a broad-based crypto rally, resistance at $75 would likely leave Litecoin short of the first major resistance level.

Failure to move through to $72.7 levels could see Litecoin hit reverse.

A fall back through to sub-$70.00 levels would bring the first major support level at $65.72 into play.

Barring another crypto sell-off, however, Litecoin should steer clear of sub-$67 levels on the day.

Looking at the Technical Indicators

Major Support Level: $65.72

Major Resistance Level: $77.69

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen slid by 8.04% on Wednesday. Reversing a 4.42% rally from Tuesday, Stellar’s Lumen ended the day at $0.069602.

It was a bullish start to the day. Stellar’s Lumen rose from an early morning low $0.074612 to a late afternoon intraday high $0.079624 before hitting reverse.

Stellar’s Lumen broke through the first major resistance level at $0.07857 before sliding to a late intraday low $0.067895.

The reversal saw Stellar’s Lumen fall through the first major support level at $0.07192 before briefly returning to $0.070 levels.

At the time of writing, Stellar’s Lumen was up by 1.87% to $0.070907. A bullish start to the day saw Stellar’s Lumen rise from an early morning low $0.069552 to a high $0.071310.

Stellar’s Lumen left the major support and resistance levels untested early on.

XLM/USD 20/02/20 Daily Chart

For the day ahead

Stellar’s Lumen would need to move through to $0.07240 levels to support a run at the first major resistance level at $0.076850.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from $0.07500 levels.

Barring an extended crypto rally, resistance at $0.075 would likely leave Stellar’s Lumen short of the first major resistance level.

Failure to move through to $0.07240 levels could see Stellar’s Lumen struggle later in the day.

A fall back through to sub-$0.070 levels would bring the first major support level at $0.06512 into play.

Barring another crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.0670 levels on the day.

Looking at the Technical Indicators

Major Support Level: $0.06512

Major Resistance Level: $0.07685

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX slumped by 10.27% on Wednesday. Reversing a 3.48% gain from Tuesday, Tron’s TRX ended the day at $0.020217.

It was a mixed start to the day. Tron’s TRX recovered from a mid-morning low $0.021668 to strike a late afternoon intraday high $0.022949 before hitting reverse.

Falling short of the first major resistance level at $0.02350, Tron’s TRX tumbled to a late intraday low $0.019358.

The reversal saw Tron’s TRX slide through the first major support level at $0.02111 and the second major support level at $0.1964.

Finding support late on, Tron’s TRX managed to move back through the second major support level to $0.020 levels.

At the time of writing, Tron’s TRX was flat at $0.020216. A mixed start to the day saw Tron’s TRX rise from an early morning low $0.020134 to a high $0.020463 before easing back.

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

TRX/USD 20/02/20 Daily Chart

For the Day Ahead

Tron’s TRX would need to move through to $0.02085 levels to support a run at the first major resistance level at $0.02232.

Support from the broader market would be needed, however, for Tron’s TRX to break out from any return to $0.021 levels.

Barring an extended crypto rally, resistance at $0.0210 would likely leave Tron’s TRX short of the first major resistance level.

Failure to move through to $0.02085 levels could see Tron’s TRX slide back into the red.

A fall back through to sub-$0.020 levels would bring the first major support level at $0.01873 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should continue to steer clear of sub-$0.019 levels on the day.

Looking at the Technical Indicators

Major Support Level: $0.01873

Major Resistance Level: $0.02232

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 19/02/20

Litecoin

Litecoin rallied by 5.41% on Tuesday. Reversing a 1.63% decline from Monday, Litecoin ended the day at $77.40.

A choppy start to the day saw Litecoin rise to an early morning high $75.42 before hitting reverse.

Falling short of the major resistance levels, Litecoin slid to an early afternoon intraday low $70.22 before making a move.

Steering clear of the first major support level at $69.52, Litecoin rallied to a late intraday high $79.17.

Litecoin broke through the first major resistance level at $76.41 and the 38.2% FIB of $78 before falling back to sub-$78 levels.

The second major resistance level at $79.38 capped Litecoin’s upside on the day.

At the time of writing, Litecoin was down by 0.97% to $76.65. A bearish start to the day saw Litecoin fall from an early morning high $77.45 to a low $76.00.

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

LTC/USD 19/01/20 Daily Chart

For the day ahead

Litecoin would need to move back through to $77 levels to support a run the first major resistance level at $80.97.

Support from the broader market would be needed, however, for Litecoin to breakout from the 38.2% FIB of $78.

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

Failure to break back through to $77 levels could see Litecoin fall deeper into the red.

A fall back through to sub-$75.60 levels would bring the first major support level at $72.02 into play.

Barring another crypto sell-off, however, Litecoin should steer clear of sub-$70 levels on the day.

Looking at the Technical Indicators

Major Support Level: $72.02

Major Resistance Level: $80.97

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen rallied by 4.42% on Tuesday. Reversing a 2.93% slide from Monday, Stellar’s Lumen ended the day at $0.076106.

A choppy start to the day saw Stellar’s Lumen rise to an early morning high $0.074383 before hitting reverse.

Falling short of the major resistance levels, Stellar’s Lumen fell to an early afternoon intraday low $0.070196.

Steering clear of the major support levels, Stellar’s Lumen rallied to a late intraday high $0.076564.

Stellar’s Lumen broke through the first major resistance level at $0.07599 before falling back to sub-$0.075 levels.

A bullish end to the day, however, saw Stellar’s Lumen break back through the first major resistance level to wrap up the day at $0.076 levels.

At the time of writing, Stellar’s Lumen was down by 1.17% to $0.075212. A bearish start to the day saw Stellar’s Lumen fall from the early morning high $0.075869 to a low $0.074612.

Stellar’s Lumen left the major support and resistance levels untested early on.

XLM/USD 19/02/20 Daily Chart

For the day ahead

Stellar’s Lumen would need to move through to $0.076 levels to support a run at the first major resistance level at $0.07857.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the Tuesday’s high $0.076848.

Barring an extended crypto rally, resistance at $0.077 would likely leave Stellar’s Lumen short of the first major resistance level.

Failure to move through to $0.076 levels could see Stellar’s Lumen struggle throughout the day.

A fall back through to sub-$0.07440 levels would bring the first major support level at $0.07192 into play.

Barring another crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.070 levels on the day.

Looking at the Technical Indicators

Major Support Level: $0.07192

Major Resistance Level: $0.07857

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX rose by 3.48% on Tuesday. Reversing a 2.21% decline from Monday, Tron’s TRX ended the day at $0.02259.

Tracking the broader market, Tron’s TRX fell from an early morning high $0.022282 to an early afternoon intraday low $0.020545.

Steering clear of the major support and resistance levels, Tron’s TRX rallied to a late intraday high $0.022929.

Tron’s TRX broke through the first major resistance level at $0.02281 before falling back to $0.2260 levels.

At the time of writing, Tron’s TRX was down by 1.18% to $0.022324. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.022531 to a low $0.022096.

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

TRX/USD 19/02/20 Daily Chart

For the Day Ahead

Tron’s TRX would need to move back through the morning high $0.022531 to support a run at the first major resistance level at $0.02350.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Tuesday’s high $0.022929.

Barring an extended crypto rally, resistance at $0.0230 would likely leave Tron’s TRX short of the first major resistance level.

Failure to move back through the morning high could see Tron’s TRX fall deeper into the red.

A fall back through to sub-$0.022 levels would bring the first major support level at $0.02111 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should continue to steer clear of sub-$0.020 levels, however.

Looking at the Technical Indicators

Major Support Level: $0.02111

Major Resistance Level: $0.02350

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

The Crypto Daily – Movers and Shakers – 19/02/20

Bitcoin rallied by 4.86% on Tuesday. Reversing a 2.19% decline from Monday, Bitcoin ended the day at $10,184.0.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $9,637.9 before finding support.

Steering clear of the first major support level at $9,483.27, Bitcoin rallied to a late intraday high $10,275.0.

Bitcoin broke through the first major resistance level at $9,950.97 and the second major resistance level at $10,193.93.

It was a choppy end to the day, however. Bitcoin fell back through the second major support level to limit the upside on the day. Holding on to $10,000 levels was key for the week ahead, however.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin failing to break out from $10,000 levels.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a mixed day for the crypto majors.

Tezos (+8.25%), Litecoin (+5.41%), Ethereum (+5.63%), and EOS (+5.25%) led the way on the day.

Binance Coin (+2.68%), Bitcoin Cash ABC (+2.71%), Cardano’s ADA (+4.22%), Monero’s XMR (+4.90%), Ripple’s XRP (+3.77%), Stellar’s Lumen (+4.42%), and Tron’s TRX (+3.48%) also made strong gains.

Bitcoin Cash SV bucked the trend on the day, falling by 0.75%.

Through the start of the week, the crypto total market cap fell to a low $273.33bn before hitting a Tuesday high $297.09bn. At the time of writing, the total market cap stood at $295.57bn.

Bitcoin’s dominance continued to sit at sub-63% levels in the early part of the week. Bitcoin saw relatively modest gains after taking a hit on Monday. At the time of writing, Bitcoin’s dominance stood at 62.4%.

Trading volumes eased back from $196bn levels seen on Monday to sub-$180bn levels on Tuesday. At the time of writing, 24-hr volumes stood at $173.77bn.

This Morning

At the time of writing, Bitcoin was down by 0.34% to $10,149.0. A mixed start to the day saw Bitcoin fall from an early morning high $10,199.0 to a low $10,134.0.

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

Elsewhere, it was a mixed start to the day, with Bitcoin Cash SV rising by 0.13% to buck the trend once more.

With the rest of the pack in the red, Bitcoin Cash ABC, Tezos and Tron’s TRX led the way down, with losses of 1.57, 0.92%, and 0.81% respectively.

BTC/USD 19/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through to $10,200 levels to bring the first major resistance level at $10,426.70 into play.

Support from the broader market would be needed, however, for Bitcoin to break back out from Tuesday’s high $10,275.

Barring a broad-based crypto rebound, resistance at $10,200 would likely leave Bitcoin short of the first major resistance level.

In the event of another breakout, $10,500 levels could come back into play before any pullback. We would expect Bitcoin to fall well short of the second major support level at $10,669.4, however.

Failure to move through to $10,200 levels could see Bitcoin fall deeper into the red.

A fall through to sub-$10,030 levels would bring the first major support level at $9,789.6 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the sub-$9,700 levels on the day.

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 18/02/20

Litecoin

Litecoin fell by 1.63% on Monday. Following on from a 2.68% decline on Sunday, Litecoin ended the day at $73.43.

A bearish start to the day saw Litecoin slide from an early morning intraday high $75.47 to a late morning intraday low $68.58.

Steering clear of the first major support level at $67.72, Litecoin found support through the 2nd half of the day.

Litecoin briefly recovered to $74 levels before sliding back to close out the day at $73 levels.

At the time of writing, Litecoin was up by 1.12% to $74.25. A mixed start to the day saw Litecoin fall to an early morning low $72.15 before rising to a high $74.70.

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

LTC/USD 18/02/20 Daily Chart

For the day ahead

Litecoin would need to move back through to $75 levels to support a run the first major resistance level at $76.41.

Support from the broader market would be needed, however, for Litecoin to breakout from Monday’s high $75.47.

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

Failure to break back through to $75 levels could see Litecoin fall back into the red.

A fall back through sub-$72.50 levels would bring the first major support level at $69.52 into play.

Barring another crypto sell-off, however, Litecoin should steer clear of sub-$68 levels on the day.

Looking at the Technical Indicators

Major Support Level: $69.52

Major Resistance Level: $76.41

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen fell by 2.93% on Monday. Following on from a 3.19% decline on Sunday, Stellar’s Lumen ended the day at $0.072395.

A bearish start to the day saw Stellar’s Lumen slide from an intraday high $0.075295 to a late morning intraday low $0.067398.

Steering clear of the major resistance levels, Stellar’s Lumen fell through the first major support level at $0.06791.

Finding support in the early afternoon, Stellar’s Lumen briefly revisited $0.073 levels before sliding back into the deep red.

At the time of writing, Stellar’s Lumen was up by 2.55% to $0.074242. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.071024 before striking a high $0.074242.

Stellar’s Lumen left the major support and resistance levels untested early on.

XLM/USD 18/02/20 Daily Chart

For the day ahead

Stellar’s Lumen would need to move through to $0.075 levels to support a run at the first major resistance level at $0.07599.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the Monday’s high $0.075295.

Barring an extended crypto rally, the first major resistance and Monday’s high would likely limit any upside on the day.

Failure to move through to $0.0750 levels could see Stellar’s Lumen hit reverse.

A fall back through to sub-$0.07170 would bring the first major support level at $0.06810 into play.

Barring another crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.068 levels on the day.

Looking at the Technical Indicators

Major Support Level: $0.06810

Major Resistance Level: $0.07599

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX fell by 2.21% on Monday. Following on from a 5.40% slide on Sunday, Tron’s TRX ended the day at $0.021797.

Tracking the broader market, Tron’s TRX fell from an intraday high $0.022487 to a late morning intraday low $0.020151.

Steering clear of the major support and resistance levels, Tron’s TRX recovered to an afternoon high $0.02180.

Failing to move back through to $0.02240 levels, Tron’s TRX slid back to wrap up the day at sub-$0.022 levels.

At the time of writing, Tron’s TRX was up by 0.79% to $0.021970. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.021399 before rising to a high $0.022263.

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

TRX/USD 18/02/20 Daily Chart

For the Day Ahead

Tron’s TRX would need to move through the morning high $0.022263 to support a run at the first major resistance level at $0.02281.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Monday’s high $0.022487.

Barring an extended crypto rally, the first major resistance level, and Monday’s high would likely cap any upside.

Failure to move back through the morning high could see Tron’s TRX give up the early gains.

A fall back through to sub-$0.02150 levels would bring the first major support level at $0.02047 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should continue to steer clear of sub-$0.020 levels, however.

Looking at the Technical Indicators

Major Support Level: $0.02047

Major Resistance Level: $0.02281

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 17/02/20

Litecoin

Litecoin fell by 2.68% on Sunday. Following on from a 7.92% slide on Saturday, Litecoin ended the week down by 3.10% to $74.70.

A bullish start to the day saw Litecoin rally to an early morning intraday high $80.80 before hitting reverse.

Litecoin broke through the 38.2% FIB of $78.00 before sliding to a late afternoon intraday low $67.28.

The sell-off saw Litecoin fall through the first major support level at $73.15 and second major support level at $69.55. Litecoin also fell back through the 38.2% FIB of $78.00.

Finding support late in the day, Litecoin broke back through the support levels to limit the loss on the day.

At the time of writing, Litecoin was down by 5.72% to $70.43. A bearish start to the day saw Litecoin slide from an early morning high $75.47 to a low $70.10.

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

LTC/USD 17/02/20 Daily Chart

For the day ahead

Litecoin would need to move back through to $74.30 levels to support a run the first major resistance level at $81.24.

Support from the broader market would be needed, however, for Litecoin to breakout from the morning high $75.47 to $80 levels.

Barring a broad-based crypto rebound, resistance at $80 would likely leave Litecoin short of the first major resistance level at $81.24.

Failure to break back through to $74.30 could see Litecoin struggle throughout the day.

A fall back through the morning low $70.10 would bring the first major support level at $67.72 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$67 levels on the day.

Looking at the Technical Indicators

Major Support Level: $67.72

Major Resistance Level: $81.24

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen fell by 3.19% on Sunday. Following on from a 9.50% tumble on Saturday, Stellar’s Lumen ended the week up by 2.79% to $0.075000.

A bullish start to the day saw Stellar’s Lumen rise to an early morning high $0.0811010 before hitting reverse.

Falling short of the first major resistance level at $0.086250, Stellar’s Lumen tumbled to a late afternoon intraday low $0.067408.

Stellar’s Lumen fell through the first major support level at $0.07382 and the second major support level at $0.06892.

Finding late support, Stellar’s Lumen broke back through the major support levels to wrap up the day at $0.075.

At the time of writing, Stellar’s Lumen was down by 7.35% to $0.05511. A bearish start to the day saw Stellar’s Lumen tumble from an early morning high $0.075295 to a low $0.069250.

Stellar’s Lumen left the major support and resistance levels untested early on.

XLM/USD 17/02/20 Daily Chart

For the day ahead

Stellar’s Lumen would need to move through to $0.07450 levels to support a run at the first major resistance level at $0.08160.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.075295.

Barring a broad-based crypto rebound, the resistance at $0.080 would likely limit any upside on the day.

Failure to move through to $0.07450 levels could see Stellar’s Lumen spend the day in the red.

A fall back through the morning low $0.068262 would bring the first major support level at $0.06791 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.068 levels on the day.

Looking at the Technical Indicators

Major Support Level: $0.06791

Major Resistance Level: $0.08160

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX slid by 5.40% on Sunday. Following on from a 10.56% tumble on Saturday, Tron’s TRX ended the week up by 1.13% to $0.022318.

A bullish start to the day saw Tron’s TRX rise to an early morning intraday high $0.024670 before hitting reverse.

Falling short of the first major resistance level at $0.02581, Tron’s TRX slumped to a late afternoon intraday low $0.020258.

Tron’s TRX fell through the first major support level at $0.02211 and the second major support level at $0.02061.

Finding support late in the day, Tron’s TRX broke back through the major support levels to limit the loss on the day.

At the time of writing, Tron’s TRX was down by 7.27% to $0.020696. A bearish start to the day saw Tron’s TRX slide from an early morning high $0.022487 to a low $0.020388.

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

TRX/USD 17/02/20 Daily Chart

For the Day Ahead

Tron’s TRX would need to move through to $0.02240 levels to support a run at the first major resistance level at $0.02457.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.023 levels.

Barring a broad-based crypto rebound, resistance at $0.023 would likely leave Tron’s TRX short of the first major resistance at $0.02457.

Failure to move back through to $0.02240 levels could see Tron’s TRX struggle throughout the day.

A fall back through the morning low $0.020388 would bring the first major support level at $0.02016 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.020 levels.

Looking at the Technical Indicators

Major Support Level: $0.02016

Major Resistance Level: $0.02457

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

The Crypto Daily – Movers and Shakers – 17/02/20

Bitcoin rose by 0.26% on Sunday. Partially reversing a 4.2% slide from Saturday, Bitcoin ended the week down by 2.22% to $9,926.8.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $10,037.00 before hitting reverse.

Falling short of the first major resistance level at $10,249.27, Bitcoin tumbled to a late afternoon intraday low $9,651.30.

Bitcoin fell through the first major support level at $9,676.27 before recovering to $9,800 levels.

A late rebound was needed, however, to reverse losses from the day. Bitcoin struck a 2nd half of a day high $9,999.40 in the final hour before easing back.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, supported by last week’s loss.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a mixed day for the crypto majors.

Bitcoin Cash SV and EOS led the way down with losses of 8.44% and 7.68% respectively.

Binance Coin (-3.79%), Bitcoin Cash ABC (-4.22%), Cardano’s ADA (-4.44%), Ripple’s XRP (-4.76%), Stellar’s Lumen (-3.19%), and Tron’s TRX (-5.40%) also saw heavy losses.

Ethereum (-2.39%), Litecoin (-2.68%), and Monero’s XMR (-1.66%) saw relatively modest losses.

Tezos joined Bitcoin in the green on the day, rising by 1.09%.

It was also a mixed week for the majors, in the week ending 16th February.

Bitcoin Cash SV and EOS slid by 18.13% and 12.34% to lead the way down.

Binance Coin (-4.34%), Bitcoin Cash ABC (-7.75%), Cardano’s ADA (-0.80%), and Litecoin (-3.10%) also saw red.

It was a bullish week for the rest of the pack, however, with Tezos rallying by 22.37% to lead the way.

Ethereum (+12.98%), Monero’s XMR (+0.11%), Ripple’s XRP (+3.58%), Stellar’s Lumen (+2.79%), and Tron’s TRX (+1.13%) also saw green.

Through the week, the crypto total market cap rose from a Tuesday low $279.65bn to a Saturday week high $308.72bn. A bearish weekend led to a pullback to sub-$300bn levels, however. The total market cap fell to a Sunday week low $278.56bn before support kicked in. At the time of writing, the total market cap stood at $283.39bn.

Bitcoin’s dominance slipped back through the week from 63.7% to sub-62% levels before recovering. At the time of writing, Bitcoin’s dominance stood at 63.3%.

Trading volumes were on the rise, however, jumping to $195bn levels on Thursday before easing back. Volumes had stood at sub-$130bn levels in the early part of the week. At the time of writing, 24-hr volumes stood at $172.97bn.

This Morning

At the time of writing, Bitcoin was down by 0.77% to $9,849.90. A bearish start to the day saw Bitcoin fall from an early morning high $9,969.2 to a low $9,815.00.

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

Elsewhere, it was also a bearish start to the day.

Stellar’s Lumen (-4.47%), Tezos (-4.10%), and Tron’s TRX (-4.20%) led the way down early on.

Bitcoin Cash ABC (-3.25%), Bitcoin Cash SV (-3.50%), EOS (-3.13%), and Litecoin (-2.81%) also struggled.

Binance Coin (-2.03%), Ethereum (-2.02%), and Ripple’s XRP (-1.83%) saw modest gains relative to the rest of the pack early on.

BTC/USD 17/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $9,870 levels to bring the first major resistance level at $10,092.10 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $10,000 levels.

Barring an extended crypto rally, the first major resistance levels would likely cap any upside on the day.

Failure to move back through to $9,870 levels could see Bitcoin fall deeper into the red.

A fall back through the morning low $9,815.00 would bring the first major support level at $9,706.40 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the sub-$9,600 levels on the day.

The Crypto Daily – Movers and Shakers – 16/02/20

Bitcoin fell by 4.2% on Saturday. Reversing a 1.1% gain from Friday, Bitcoin ended the day at $9,900.9.

Bearish throughout the day, Bitcoin fell from an early morning intraday high $10,373.0 to a late afternoon intraday low $9,800.0.

Bitcoin fell through the first major support level at $10,166.33 and the second major support level at $9,997.67.

Steering clear of sub-$9,800 levels, Bitcoin bounced back to an afternoon high $10,087.0 before sliding back into the deep red.

The reversal saw Bitcoin fall back through the second major support level at $9,997.67.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the current upward trend.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a bearish day for the crypto majors.

Bitcoin Cash SV (-13.96%), Bitcoin Cash ABC (-11.63%), EOS (-11.38%), and Tron’s TRX (-10.56%) saw double digit percentage losses.

Binance Coin (-8.32%), Cardano’s ADA (-9.23%), Ethereum (-7.35%), Litecoin (-7.92%), Ripple’s XRP (-8.42%), and Stellar’s Lumen (-9.50%) also saw heavy losses.

Monero’s XMR fell by 6.65%, faring better than the pack on the day.

Through the current week, the crypto total market cap fell to a Tuesday low $279.65bn before rising to a Thursday high $308.04bn. At the time of writing, the total market cap stood at $295.21bn.

Bitcoin’s dominance slipped back through the week from 63.7% to 61.6% at the time of writing.

Trading volumes were on the rise, however, jumping to $195bn levels on Thursday before easing back. Volumes had stood at sub-$130bn levels in the early part of the week. At the time of writing, 24-hr volumes stood at $172.87bn.

This Morning

At the time of writing, Bitcoin was up by 0.88% to $9,988.1. A bullish start to the day saw Bitcoin rise from an early morning low $9,860.00 to a high $10,037.0.

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

Elsewhere, it was also a bullish start to the day.

Bitcoin Cash ABC (+3.21%), Cardano’s ADA (+3.23%), Litecoin (+4.00%), and Tron’s TRX (+3.38%) led the way early on.

Binance Coin (+2.26%), Bitcoin Cash SV (+2.25%), Ethereum (+2.50%), Ripple’s XRP (+2.42%), Stellar’s Lumen (+2.17%), and Tezos (+3.00%) also found strong support.

EOS trailed the pack, up by just 1.17% at the time of writing.

BTC/USD 16/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $10,025 levels to bring the first major resistance level at $10,249.27 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning nigh $10,037.0.

Barring an extended crypto rally, resistance at $10,000 would likely leave Bitcoin short of the first major resistance level.

In the event of another breakout, Bitcoin the first major resistance level would likely pin Bitcoin back from a return to $10,400 levels.

Failure to move back through to $10,025.00 levels could see Bitcoin hit reverse.

A fall back through the morning low $9,960.00 would bring the first major support level at $9,676.27 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the sub-$9,800 levels on the day.

The Crypto Daily – Movers and Shakers – 14/02/20

Bitcoin fell by 1.12% on Thursday. Reversing a 0.89% gain from Wednesday, Bitcoin ended the day at $10,222.0.

A bullish start to the day saw Bitcoin rally to a mid-morning high $10,480.0 before hitting reverse.

Bitcoin broke through the first major resistance level at $10,452.67 before sliding to a late morning intraday low $10,058.0.

Bitcoin fell through the first major support level at $10,230.67 and the second major support level at $10,123.33.

Finding support in the early afternoon, Bitcoin bounced back to an early afternoon intraday high $10,491.0.

Bitcoin broke back through the first major resistance level at $10,452.67 before sliding back into the red.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, the upward trend.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was another mixed day for the crypto majors.

Binance Coin and Tezos led the way down, with losses of 6.74% and 5.76% on Thursday.

Bitcoin Cash SV (-1.89%), Litecoin (-1.01%), and Monero’s XMR (-3.02%) also joined Bitcoin in the red.

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

Ripple’s XRP led the way, rallying by 7.40%, with Stellar’s Lumen up by 3.16%.

Bitcoin Cash ABC (+0.16%), Cardano’s ADA (+0.49%), EOS (+0.42%), Ethereum (+0.67%), and Tron’s TRX (+0.09%) saw modest gains on Thursday.

Through the current week, the crypto total market cap fell to a Tuesday low $279.65bn before rising to an early Thursday high $308.04bn. At the time of writing, the total market cap stood at $300.81bn.

Bitcoin’s dominance slipped further back through the week, falling from 63.3% to 61.8% at the time of writing.

Trading volumes were on the rise, however, jumping to $195bn levels on Thursday before easing back. Volumes had stat at sub-$130bn levels in the early part of the week. At the time of writing, 24-hr volumes stood at $187.47bn.

This Morning

At the time of writing, Bitcoin was down by 0.31% to $10,190.0. A bearish start to the day saw Bitcoin fall from an early morning high $10,236.4 to a low $10,173.0.

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

Elsewhere, Binance Coin and Stellar’s Lumen bucked the trend early on, rising by 0.28% and by 1.62% respectively.

It was bearish for the rest of the pack, however. Ripple’s XRP and EOS fell by 1.25% and 1.15% to lead the way down.

BTC/USD 14/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $10,260 levels to bring the first major resistance level at $10,456.0 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $10,400 levels.

Barring another broad-based crypto rally, the first major resistance level at $10,456.0 would likely leave Bitcoin short of $10,500 levels.

In the event of another breakout, Bitcoin would eye a breakout from the second major resistance level at $10,690.0.

Failure to move back through to $10,400 levels could see Bitcoin fall deeper into the red.

A fall back through to sub-$10,100 levels would bring the first major support level at $10,023.0 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the sub-$10,000 levels on the day.

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 13/02/20

Litecoin

Litecoin rallied by 5.94% on Wednesday. Following on from a 3.80% gain on Tuesday, Litecoin ended the day at $81.37.

Bullish through the day, Litecoin rallied from an early morning intraday low $76.62 to a late intraday high $82.90.

Steering clear of the major support levels, Litecoin broke through the day’s major resistance levels to wrap up the day at $80 levels for the 1st time since August.

In spite of a late pullback, Litecoin held well above the third major resistance level at $78.54 at the day end.

At the time of writing, Litecoin was up by 1.28% to $82.41. A bullish start to the day saw Litecoin rise from an early morning low $81.34 to a high $82.94.

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

LTC/USD 13/02/20 Daily Chart

For the day ahead

Litecoin would need to move back through the morning high $82.94 to $83 levels to support a run the first major resistance level at $83.97.

Support from the broader market would be needed, however, for Litecoin to breakout from the morning high $82.94 and Wednesday’s high $82.9.

Barring an extended crypto rally through the day, the first major resistance level at $83.97 would likely limit any upside.

In the event of another crypto breakout, Litecoin test the second major resistance level at $86.58 before any pullback.

Failure to break back through the morning high $82.94 could see Litecoin hit reverse.

A fall back through the morning low $81.34 to sub-$80.30 levels would bring the first major support level at $77.69 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$80 levels on the day.

Looking at the Technical Indicators

Major Support Level: $77.69

Major Resistance Level: $83.97

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen jumped by 7.96% on Wednesday. Following on from a 4.94% rally on Tuesday, Stellar’s Lumen ended the day at $0.079747.

It was bullish throughout much of the day on Wednesday. Stellar’s Lumen rallied from an early morning intraday low $0.073866 to a late intraday high $0.082770.

Steering clear of the major support levels, Stellar’s Lumen broke through the first major resistance level at $0.07619 and the second major resistance level at $0.07846.

It was also a first visit to $0.080 levels since mid-November. While a late pullback saw Stellar’s Lumen fall back to sub-$0.080, Stellar’s Lumen held above the second major resistance level.

At the time of writing, Stellar’s Lumen was up by 0.63% to $0.080252. A bullish start to the day saw Stellar’s Lumen rally from an early morning low $0.080214 to a high $0.080497.

Stellar’s Lumen left the major support and resistance levels untested early on.

XLM/USD 13/02/20 Daily Chart

For the day ahead

Stellar’s Lumen would need to move through Wednesday’s high $0.08277 to support a run at the first major resistance level at $0.083720.

Support from the broader market would be needed, however, for Stellar’s Lumen to break through to $0.082 levels.

Barring a broad-based crypto rebound, resistance at $0.083 would likely limit any upside on the day.

Failure to move through Wednesday’s high $0.08277 could see Stellar’s Lumen hit reverse.

A fall back through the morning low $0.080214 to sub-$0.0790 levels would bring the first major support level at $0.074820 into play.

Barring a crypto meltdown, however, Stellar’s Lumen should steer clear of sub-$0.079 levels on the day.

Looking at the Technical Indicators

Major Support Level: $0.07482

Major Resistance Level: $0.08372

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX rallied by 5.03% on Wednesday. Following on from a 3.16% gain on Tuesday, Tron’s TRX ended the day at $0.023972.

Tracking the broader market, Tron’s TRX rallied from an early intraday low $0.022825 to an early afternoon intraday high $0.024267.

Steering clear of the major support levels, Tron’s TRX broke through the first major resistance level at $0.02332 and the second major resistance level at $0.02386.

A brief dip to $0.02344 levels saw Tron’s TRX fall back through the second major resistance level before bouncing back to wrap up the day at $0.0239 levels.

At the time of writing, Tron’s TRX was up by 2.24% to $0.024510. A bullish start to the day saw Tron’s TRX rally from an early morning low $0.023886 to a high $0.024510.

Steering clear of the major support levels, Tron’s TRX came up against the first major resistance level at $0.02455 early on.

TRX/USD 13/02/20 Daily Chart

For the Day Ahead

Tron’s TRX would need to move through to $0.2470 levels to support a run at the second major resistance level at $0.025130.

Support from the broader market would be needed, however, for Tron’s TRX to break out from $0.2450 levels.

Barring an extended crypto rally, the first major resistance at $0.024550 would likely limit any upside on the day.

Failure to move through to $0.2470 levels could see Tron’s TRX give up the early gains.

A fall back through the morning low $0.23886 to sub-$0.02370 levels would bring the first major support level at $0.02311 into play.

Barring a crypto meltdown, however, Tron’s TRX should steer clear of sub-$0.023 levels, however.

Looking at the Technical Indicators

Major Support Level: $0.02311

Major Resistance Level: $0.02455

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 12/02/20

Litecoin

Litecoin rallied by 3.80% on Tuesday. Partially reversing a 4.03% slide from Monday, Litecoin ended the day at $76.81.

A relatively bearish start to the day saw Litecoin fall to an early morning intraday low $72.46 before making a move.

Steering clear of the first major support level at $71.82, Litecoin rallied to a late afternoon intraday high $77.55.

While breaking through the first major resistance level at $76.82, Litecoin came up short of the 38.2% FIB of $78.00.

A pullback to sub-$77 levels late on limited the upside on the day.

At the time of writing, Litecoin was up by 1.39% to $77.88. A bullish start to the day saw Litecoin rally from an early morning low $76.62 to a high $78.68.

While steering clear of the major support levels, Litecoin broke through major resistance levels and the 38.2% FIB of $78 early on.

Easing back to sub-$78 levels, Litecoin fell back through the 38.2% FIB and the third major resistance level at $78.54.

LTC/USD 12/02/20 Daily Chart

For the day ahead

Litecoin would need to move back through the 38.2% FIB of $78 to support another run at the third major resistance level at $78.54.

Support from the broader market would be needed, however, for Litecoin to breakout from 38.2% FIB.

Barring an extended crypto rally through the day, the third major resistance level at $78.54 would likely limit any upside.

In the event of another crypto breakout, Litecoin could visit $80 levels before any pullback.

Failure to break back through to $78 levels could see Litecoin hit reverse.

A fall back through to sub-$77 levels would bring the first major support level at $76.56 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$76 levels on the day. The second major support level at $76.32 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $76.56

Major Resistance Level: $77.30

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen rallied by 4.94% on Tuesday. Reversing a 3.22% slide from Monday, Stellar’s Lumen ended the day at $0.073920.

A bearish start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.068978 before making a move.

Steering clear of the first major support level at $0.068280, Stellar’s Lumen rallied to a late intraday high $0.074851.

Stellar’s Lumen broke through the first major resistance level at $0.07330 before falling back to sub-$0.074 levels.

In spite of the pullback, Stellar’s Lumen held above the first major resistance level at $0.07330 until the day end.

At the time of writing, Stellar’s Lumen was up by 3.49% to $0.076500. A bullish start to the day saw Stellar’s Lumen rally from an early morning low $0.073866 to a high $0.076500.

Steering clear of the support levels, Stellar’s Lumen broke through the first major resistance level at $0.0761900.

XLM/USD 12/02/20 Daily Chart

For the day ahead

Stellar’s Lumen would need to move through to $0.07700 levels to support a run at the second major resistance level at $0.078460.

Support from the broader market would be needed, however, for Stellar’s Lumen to avoid a pullback through the first major resistance level.

Barring a broad-based crypto rebound, the resistance at $0.078 would likely limit any upside on the day.

Failure to move through to $0.0770 levels could see Stellar’s Lumen give up the early gains.

A fall back through the morning low $0.073866 to sub-$0.07260 levels would bring the first major support level at $0.07032 into play.

Barring a crypto meltdown, however, Stellar’s Lumen should steer clear of sub-$0.073 levels on the day.

Looking at the Technical Indicators

Major Support Level: $0.07032

Major Resistance Level: $0.07619

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX rallied by 3.16% on Tuesday. Following on from a 0.56% gain on Monday, Tron’s TRX ended the day at $0.022777.

A bearish start to the day saw Tron’s TRX fall to an early morning intraday low $0.021458 before finding support.

Steering clear of the first major support level at $0.02119, Tron’s TRX rallied to a late afternoon intraday high $0.022933.

Tron’s TRX broke through the first major resistance level at $0.02279 before easing back. The pullback saw Tron’s TRX fall back through the first major resistance level to wrap up the day at $0.2277 levels.

At the time of writing, Tron’s TRX was up by 1.63% to $0.023149. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.022825 to a high $0.023237.

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

TRX/USD 12/02/20 Daily Chart

For the Day Ahead

Tron’s TRX would need to move back through the morning high $0.23237 to support a run at the first major resistance level at $0.02386.

Support from the broader market would be needed, however, for Tron’s TRX to break out from $0.2350 levels.

Barring an extended crypto rally, the first major resistance at $0.023237 would likely limit any upside on the day.

Failure to move back through the morning high $0.23237 could see Tron’s TRX struggle later in the day.

A fall back through the morning high $0.22825 to sub-$0.02240 levels would bring the first major support level at $0.02185 into play.

Barring a crypto meltdown, however, Tron’s TRX should steer clear of sub-$0.022 levels, however.

Looking at the Technical Indicators

Major Support Level: $0.02185

Major Resistance Level: $0.02332

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

The Crypto Daily – Movers and Shakers – 12/02/20

Bitcoin rallied by 4.01% on Tuesday. Reversing a 2.96% slide from Monday, Bitcoin ended the day at $10,247.0.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $9,720.0 before making a move.

Steering clear of the first major support level at $9,639.13, Bitcoin rallied to a late afternoon intraday high $10,316.0.

Bitcoin broke through the first major resistance level at $10,124.13 to visit $10,300 levels for the 1st time since September.

A late pullback saw Bitcoin fall back to $10,190 levels before wrapping up the day at $10,200 levels.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the upward trend.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a bullish day for the crypto majors.

Tezos led the way, rallying by 11.47%.

Cardano’s ADA (+7.57%), EOS (+7.12%), Ethereum (+6.78%), and Monero’s XMR (+6.37%) also made solid gains.

Bitcoin Cash ABC (+4.02%), Bitcoin Cash SV (+4.72%), and Stellar’s Lumen (+4.94%) weren’t far behind.

Binance Coin (+2.50%), Litecoin (+3.80%), Ripple’s XRP (+2.75%), and Tron’s TRX (+3.1%) trailed the pack on the day.

Through the start of the week, the crypto total market cap fell to a Tuesday low $279.65bn before rising to an early Wednesday high $296.27. At the time of writing, the total market cap stood at $296.27bn.

Bitcoin’s dominance slipped further back through the start of the week to 63.1% at the time of writing.

Trading volumes also picked up, rising to $145bn levels on Monday. At the time of writing, 24-hr volumes stood at $138.83bn.

This Morning

At the time of writing, Bitcoin was up by 0.2% to $10,268.0. A bullish start to the day saw Bitcoin rise from an early morning low $10,246.0 to a high $10.314.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin was down by 0.38% to buck the trend early on.

It was a bullish start for the rest of the pack, with Ethereum up by 2.15% to lead the way. Stellar’s Lumen (+1.16%) and Bitcoin Cash SV (+1.01%) also found strong support early on.

BTC/USD 12/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $10,300 levels to bring the first major resistance level at $10,468.67 into play.

Support from the broader market would be needed, however, for Bitcoin to break through to $10,400 levels.

Barring another broad-based crypto rally, resistance at $10,400 would likely leave Bitcoin short of the first major resistance level.

In the event of another breakout, Bitcoin would eye a breakout from $10,500 levels before any pullback.

Failure to move back through to $10,300 levels could see Bitcoin hit reverse

A fall back through the morning low $10,246 to sub-$10,095 levels would bring the first major support level at $9,872.67 into play.

Barring a crypto sell-off, however, Bitcoin should steer clear of the sub-$9,800 levels on the day.

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 11/02/20

Litecoin

Litecoin slid by 4.03% on Monday. Reversing a 0.51% gain from Sunday, Litecoin ended the day at $73.98.

A mixed start to the day saw Litecoin rise to an early morning intraday high $77.50 before hitting reverse.

Falling short of the first major resistance level at $78.67 and the 38.2% FIB of $78, Litecoin slid to a late morning intraday low $72.50.

Litecoin fell through the first major support level at $75.22 and the second major support level at $73.38 before finding support.

Through the early afternoon, Litecoin briefly broke back through the support levels before sliding back into the deep red.

The second major support level at $73.38 limited the downside late in the day.

At the time of writing, Litecoin was down by 1.12% to $73.15. A bearish start to the day saw Litecoin fall from an early morning high $74.10 to a low $72.71.

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

LTC/USD 11/02/20 Daily Chart

For the day ahead

Litecoin would need to move back through to $74.60 levels to support another run at the first major resistance level at $76.82.

Support from the broader market would be needed, however, for Litecoin to breakout from the morning high $74.10.

Barring a broad-based crypto rebound, Litecoin would likely fall short of the first major resistance level at $76.82.

In the event of another crypto breakout, the 38.2% FIB of $78 would come back into play later in the day.

Failure to break back through to $74.60 levels could see Litecoin fall deeper into the red.

A fall back through the early morning low $72.71 would bring the first major support level at $71.82 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$72 levels on the day.

Looking at the Technical Indicators

Major Support Level: $71.82

Major Resistance Level: $76.82

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen slid by 3.22% on Monday. Reversing a 2.38% gain from Sunday, Stellar’s Lumen ended the day at $0.070618.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.073643 before hitting reverse.

Falling well short of the first major resistance level at $0.074260, Stellar’s Lumen slid to a late morning intraday low $0.068618.

Stellar’s Lumen fell through the first major support level at $0.07143 and the second major support level at $0.06992.

Finding support in the early afternoon, Stellar’s Lumen recovered to $0.070 levels to limit the loss on the day.

While breaking back through the second major support level, Stellar’s Lumen failed to break back through the first major support level.

At the time of writing, Stellar’s Lumen was down by 1.33% to $0.069680. A bearish start to the day saw Stellar’s Lumen fall from an early morning high $0.070440 to a low $0.069679.

Stellar’s Lumen left the major support and resistance levels untested early on.

XLM/USD 11/02/20 Daily Chart

For the day ahead

Stellar’s Lumen would need to move back through to $0.07090 levels to support a run at the first major resistance level at $0.07330.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.070440.

Barring a broad-based crypto rebound, the resistance at $0.072 would likely leave Stellar’s Lumen short of the first major resistance level.

Failure to move back through to $0.07090 levels could see Stellar’s Lumen fall deeper into the red.

A fall back through to sub-$0.069 levels would bring the first major support level at $0.06828 into play.

Barring a crypto meltdown, however, Stellar’s Lumen should steer clear of sub-$0.068 and the second major support level at $0.06593.

Looking at the Technical Indicators

Major Support Level: $0.06828

Major Resistance Level: $0.07330

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX rose by 0.56% on Monday. Following on from a 1.13% gain on Sunday, Tron’s TRX ended the day at $0.022191.

A bearish start to the day saw Tron’s TRX slide to an early morning intraday low $0.020787 before making a move.

Tron’s TRX fell through the first major support level at $0.02136 before rallying to a late intraday high $0.022380.

In spite of the breakout, Tron’s TRX fell short of the first major resistance level at $0.02269.

At the time of writing, Tron’s TRX was down by 1.77% to $0.021799. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.022079 to a low $0.021545.

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

TRX/USD 11/02/20 Daily Chart

For the Day Ahead

Tron’s TRX would need to move back through to $0.02180 levels to support a run at the first major resistance level at $0.02279.

Support from the broader market would be needed, however, for Tron’s TRX to breakthrough Monday’s high $0.02238.

Barring an extended crypto rally, the first major resistance at $0.02279 and Monday high would likely limit any upside on the day.

Failure to move through to $0.02180 levels could see Tron’s TRX struggle throughout the day.

A fall back through to sub-$0.02150 levels would bring the first major support level at $0.02119 into play.

Barring a crypto meltdown, however, Tron’s TRX should steer clear of sub-$0.020 levels. The second major support level at $0.02019 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $0.02119

Major Resistance Level: $0.02279

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob