Bitcoin (BTC) has been decreasing since May 3 but bounced at the $53,000 support area.
Ethereum (ETH) has been increasing since March 24 but is approaching a confluence of resistance levels.
XRP (XRP) is retracing, attempting to find support between $1.27-$1.36.
Avalanche (AVAX) has completed and A-B-C corrective structure.
Neo (NEO) has completed a fourth wave pullback.
Dia (DIA) broke out and reached a new all-time high price on May 5.
Kava.io (KAVA) has reclaimed the $5.25 area.
BTC
BTC has been moving downwards since reaching a high of $58,999 on May 3. It broke down from an ascending support line shortly after.
The decrease continued until BTC reached the 0.5 Fib retracement support level at $53,000, and began the current bounce.
The MACD has given a bullish reversal signal and the RSI has generated a bullish divergence. Therefore, BTC is expected to continue moving upwards.
ETH
ETH has been moving upwards since March 24. So far, it has reached a high of ₿0.062 on May 4.
Technical indicators are still bullish. However, the price is approaching a confluence of Fib resistance levels between ₿0.067 and ₿0.073. Therefore, it could get rejected if it reaches these targets.
However, the longer-term chart suggests that ETH could eventually reach ₿0.085.
XRP
XRP has been moving upwards since April 23. The upward move continued until the price reached a high of $1.62 on May 1. After pulling back from this high, XRP is trying to find support between $1.27-$1.36.
The current movement likely consists of sub-waves one and two (black) of a bullish impulse. Afterward, XRP could potentially increase all the way to $2.70.
AVAX
AVAX has been moving downwards since reaching an all-time high price of $60.30 on Feb. 10. The decrease continued until a low of $19.80 was reached on April 23. The token has been moving upwards since.
The movement since the highs looks like a completed A-B-C corrective structure.
Technical indicators are also bullish, as evidenced by the positive MACD and the RSI cross above 50. A bullish cross in the Stochastic oscillator has almost transpired.
Therefore, AVAX is expected to find support between $26.40-$28.40 before moving upwards once more.
NEO
NEO has been moving downwards since April 19. The decrease continued until April 23 when it reached a local low of $73.36. It’s been moving upwards since.
The movement looks like a completed fourth-wave pullback. Targets for the top of wave five (orange) are found at $151 and $198.
DIA
DIA had been decreasing alongside a descending resistance line since April 4 when it reached a then-all-time high price of $5.40.