Fibonacci

Bitcoin Cash has recovered above the crucial $280 support but the crypto is not free from sellers’ threat. BCH rebounded above the $270 support to reach above $297 price level.

Yesterday, BTC rebounded above $11,800 support to break the $12,000 overhead resistance. The recent rebound was not sufficient to break the resistance as price retraced after hitting the high of $12,060.

Ripple upward move depended upon breaking above the EMAs or the crucial $0.28 support level. XRP rebounded and reached above those levels but faces rejection at the $0.285 high.

Litecoin (LTC) rebounded twice above $54 as price hit the $64 resistance. Buyers have made an impressive move as the coin trades above the EMAs and the $60 support.

Tezos has finally slumped to the low of $3.10 after buyers failed to break the $4.40 overhead resistance.

EOS could not continue with its impressive bullish run because it reached the overbought region of the market.

Following the breakdown of the crucial support at $0.28, sellers have pushed the XRP to the low of $0.255. Besides the crucial support, the other support levels are easily broken.

Litecoin slumped to $54 low after retesting the $63 high. The retest resulted in breaking the crucial support of $60 and the $58 support.

Following the breakdown of the crucial support at $280, the crypto has continued to fall and has extended its fall to the $260 low.