Bitcoin and most altcoin prices have turned down and look to retest the underlying support levels.
BTC
The bears successfully defended the 50 day SMA of $19,659. The failure to clear this obstacle may have tempted the aggressive bulls to book profits and the bears to initiate short positions, which pulled the price back below the 20-day EMA of $19,384. The sellers will once again try to challenge the immediate support at $18,843. If this level breaks down, the selling could pick up and BTC could drop to the critical support zone between $18,125 and $17,622.
ETH
ETH e-entered the symmetrical triangle pattern on Oct. 17 but the bulls could not sustain the recovery. The price turned down and the bears are trying to pull the price to $1,263. The downsloping 20-day EMA of $1,320 and the RSI in the negative territory suggest that the bears are at a marginal advantage. If the price slips below $1,263, ETH could drop to $1,190.
BNB
BNB has been consolidating between $258 and $300 for the past several days, the bears are trying to gain the upper hand by defending the moving averages. The sellers will now try to pull the price to the support of the range at $258. The repeated retest of a support level within a short time tends to weaken it. If this level gives way, BNB could plummet to the next support at $216.
XRP
XRP recovered and closed above the 20-day EMA of $0.47 but the bulls could not build upon this advantage. This shows that bears are selling on rallies. The price turned down sharply and slipped below the 20-day EMA on Oct. 18. The selling intensified and XRP dropped to the support line of the triangle.
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