Downtrend

EOS has been in a downward move. For the past week, buyers attempted to push the coin into the bullish trend zone.

For over a week, Ethereum has been on a downward move. This current downtrend was caused by the bull’s inability to push ETH above the $420 resistance level.

Bitcoin Cash was repelled at the $280 resistance as buyers retested the overhead resistance. This resistance pushed the coin to a $252 low as the market moved up again.

Litecoin has been on a downward move after buyers fail to push the price above the $60 resistance. Buyers made three unsuccessful attempts to break the resistance level.

Ripple is range-bound between levels of $0.23 and $0.26. Since September 2, the coin has been fluctuating between $0.22 and $0.26. Nonetheless, on October 2, the price fluctuations narrowed to $0.23 and $0.26. The coin is still on a downward move.

Ethereum (ETH) price analysis, October 29, 2020. The biggest altcoin is on a downward move after its rejection at the $420 resistance.

Following the retest at the $280 overhead resistance, BCH has been on a downward move. On October 26, BCH retraced to $252 and corrected upward.

Litecoin bulls are sustaining the recent rallies as the price fluctuates below the $60 resistance. In the previous uptrend, buyers failed to push LTC above the $60 resistance.

Since September 3, Ripple has been compelled to a range-bound movement because of the absence of buyers at higher price levels.