Fibonacci

Buyers and sellers are unrelenting as the tussle for price possession continues unabated beneath the horizontal channel. Last week, the bearish trend was from a high of $152 to $140. The coin rebounded at $140 and moved up to $145.

Ethereum is out of the lower levels of price as it breaks the resistance at $150. Ethereum is expected to trade within the range-bound zones.

Litecoin trades below the resistance zone of $48 to $50. The pair may move up to $65 if the resistance zone is breached.

Ethereum was facing selling pressure a few days ago, as the bears broke through the support at $150. Today, the coin is moving up from its current low at $135. The price rise is said to be hampered at the resistance of $156. This was the price level that has provided support for over two months is now resistance to the coin.

Bitcoin Price Analysis: Bitcoin price fell after bulls fail to hold the $8,000 support level. The BTC/USD pair is likely to experience more selling pressure because of the bearish setup.

In October, Litecoin has been fluctuating consistently between the demand zones of $52 and $60. The fluctuations have persisted for over a month due to indecision between the buyers and sellers about the direction of the price.

Ethereum price holds above $170 price level after failing to sustain in the bullish trend zone. The coin continues to face selling pressure as the price makes a downward move.

Bitcoin Cash may face further depreciation as the coin fluctuates within the $214 and $240 price level in October. The selling pressure has been heavier at the bottom of the chart as rates tend to breach the lower range. Nevertheless, a break below the $214 price range will induce the coin to go down to the low of $200 support.

Ethereum (ETH) has been trading between the $175 and $200 demand zones since the beginning of October. The price is gradually falling as a result of more selling pressure at the demand zone.