Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, IOTA, EOS: Price Analysis, May 07

ETH/USDOur proposed buy on Ethereum was triggered on May 06 when it declined close to the breakout levels.

We suggest maintaining the stops at $640.BCH/USDBitcoin Cash broke out and closed above the $1,600 levels on May 05, which triggered our buy recommendation.

The XLM/USD pair should find support at the 20-day EMA and below that at the $0.334 levels.

If both these levels break, the slide can extend to the 50-day SMA.Therefore, we recommend waiting for the price to break out of $0.48 before initiating long positions.

The support line of the ascending channel and the 20-day EMA, close to $155 levels should offer strong support.

ADA/BTCCardano has corrected back to the breakout levels of 0.00003445 which is critical support because the 20-day EMA, the trendline and the horizontal line all lie at the same place.

If the support breaks, it will indicate weakness and the digital currency can slide to the 50-day SMA. Though our suggested stop loss is currently at 0.000029 levels, we shall close the position if we find the price sustaining below 0.000034 levels.

We shall wait for the price to scale back above the overhead resistance and sustain before turning positive because we don't like the negative divergence on the RSI.If the support breaks, the fall can extend to the 50-day SMA.EOS/USDAfter the stupendous rally, EOS has been trading in a tight range for the past week.

On the downside, the 38.2 percent Fibonacci retracement level of the recent rally has offered strong support.

A break down below $16 can lead to a slide to $14.495 levels while a breakout of $19.63 can carry the EOS/USD pair to the lifetime highs.