Fibonacci

In the last bearish impulse, on September 5, Ripple dropped to $0.23 support and resumed consolidation above it. For the past three days, the price has been fluctuating above the $0.23 support.

After the recent crash on September 3, Bitcoin has been fluctuating above the psychological support level of $10,000. The bears failed to break the current support convincingly on September 3 and 5 as price corrected upward.

Ethereum has continued to fall despite price upward correction. On September 5, Ether fell to the low of $310 and the price corrected upward.

Since August 13, Tezos (XTZ) has been on a downward move. Today, XTZ has fallen to $2.37 low at the time of writing.

EOS is trading at $2.88 at the time of writing. There are indications that the crypto will further decline. Recently, buyers and sellers were having price tussle above the $2.60 support.

Today, sellers have the upper hand as price reaches a low of $368. The biggest altcoin risks further downside as Ether falls into the bearish trend zone.

Yesterday, buyers could not hold the $0.26 support as bears broke the support level. The implication is that further downward move is likely.

Yesterday,  September 3, Litecoin (LTC) price plunged to $44 low after facing rejection at $64 resistance. On August 30, the coin had earlier rebounded above $56 to break the $64 resistance.

On September 1, buyers pushed ETH  above the $480 price level but failed to continue the up trending. Buyers’ encountered resistance at the recent high as Ether fell from a high of $488 to $417 low.