Downtrend

Yesterday, buyers were overwhelmed as the price broke below the critical support level at $250. The coin fell to the low at $233 but corrected upward to $245 high.

For the past week, Litecoin has been in a downward move after failing to break the $60 resistance. In the first rejection, the coin fell to a low at $55.20 as bulls bought the dips.

Tezos has been in a downward move since August. The downtrend extended to a low of $1.92. At the low of $1.92, the price was corrected upward but the selling pressure resumes to the downside.

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.