Fibonacci

Bitcoin Cash has gone into consolidation above the $256 support. In the earlier upward move buyers have been facing rejection from the $280, $276, and $263 resistance levels.

Since November 5, Bitcoin's upward move has been stuck below the $16,000 overhead resistance. For the past week, buyers have found penetration difficult above the resistance.

On November 6, Litecoin's impressive run to $64 high has created a bearish reaction. On November 7, the coin plunged to $57 low. The bulls responded promptly to push the price to $62 high.

On November 5, XRP rebounded as price rallied above the SMAs. This rally resulted in a continuous retest of the $0.26 overhead resistance. On November 7, the bulls retested and broke the overhead resistance as the price reached a high of $0.267.

Ethereum rallies reached its peak at a high of $467. At the $470 resistance zone, buyers could not sustain the uptrend. Consequently, Ether dropped to a $430 low.

Bitcoin (BTC) price is now in a sideways trend as buyers fail to break the $16,000 resistance. Today, the king coin is trading at $15,366 at the time of writing. In the previous uptrend, the upside momentum was terminated at the $15,888 high.

Bitcoin SV has been in a downward correction since September. In the last two months, the coin has not been trending. Rather, buyers have continued to retest the $180 overhead resistance to break it.

Today, Binance Coin is trading at $27.72 at the time of writing. Buyers have failed to push BNB above the $32 overhead resistance since September 13.

Following the recent rebound above the $376 low, buyers have not failed to push Ether on the upside. Initially, the uptrend was stuck between $400 and $408.