Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, TRON, EOS: Price Analysis, May 02

Published on by Cointele | Published on

A breakdown below $1,221 will prove to be negative, and the BCH/USD pair can slide to below $1,000 levels.

The XRP/USD pair will rally towards $1.229 levels if it breaks out and closes above $0.94.

If the XLM/USD pair fails to cross above the resistance level, it can correct towards the 20-day EMA where buyers should step in.

Though the support levels are holding, failure to rally shows lack of buying at higher levels.

If the LTC/USD pair fails to climb up soon, it might break below the $141 level and slide towards $127. Therefore, we suggest retaining the stops at $140.We shall close the position if we don't get a rally within the next two days.

The levels to watch on the upside are $160 and $180.CardanoAs expected, Cardano successfully retested the breakout levels of 0.00003445 and has resumed its uptrend.

Once prices move above 0.000042 levels, traders can raise the stops to 0.000033, just below the breakout level.

The ADA/BTC pair can rally to 0.000045 and above that to 0.00005217 levels.

We expect the bulls to buy the dips closer to $0.08 levels.

On the upside, a breakout and close above the $0.093 levels will indicate the probable start of a new uptrend.

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