Bitcoin (BTC) was rejected by the $56,000 resistance space.
Ethereum (ETH) and Swipe (SXP) reached new all-time excessive costs on Could 3.
XRP (XRP) has damaged out from a descending resistance line.
Waves (WAVES) has been growing quickly over the previous ten days, and has reached a possible reversal space.
Horizen (ZEN) has been lowering since making a double top sample on April 27.
Dogecoin (DOGE) reached a brand new all-time excessive value on Could 4.
BTC had been following an ascending help line starting on April 26. It continued increasing alongside this line, till it reached a excessive of $56,000 on Could 3. The excessive was made proper on the 0.618 Fib retracement degree, when measuring the earlier downward motion.
Afterwards, BTC broke down and has been lowering since. Thus far, it has bounced on the 0.382 Fib retracement help at $54,400. The following help space is discovered at $53,000, which is each the 0.5 Fib retracement help degree and a horizontal help space.
BTC is anticipated to search out help at one in all these two ranges and create a better low. Afterwards, the upward motion is more likely to proceed.
ETH has been growing at a fast tempo since Feb. 28, when it reached a low of $1,468. On Could 3, it reached a brand new all-time excessive value of $3,454.
The excessive was made proper on the 1:1 Fib projection of waves 1-3 (white). If wave 5 extends, the following resistance can be discovered at $4,561.
Technical indicators are nonetheless bullish, as evidenced by the bullish cross within the Stochastic Oscillator.
XRP has been transferring upwards since April 23. Shortly afterwards, it broke out from a descending resistance line. It continued transferring upwards all the way in which to $1.63, earlier than lowering.
At the moment, it’s searching for help and create a better low at both the 0.382 or 0.5 Fib retracement ranges. They’re discovered at $1.36 and $1.27, respectively.
Afterwards, it’s more likely to enhance all the way to $2.70.
WAVES has been transferring upwards quickly since April 23. The rise additional accelerated on Could 3 and Could 4, resulting in a brand new all-time excessive value of $41.8 on the latter.
The closest resistance areas are discovered at $44 and $54, the three.61 and 4.61 exterior Fib retracements, respectively.
SXP has been transferring upwards since April 23. The rise continued till Could 3, when it reached a brand new all-time excessive value of $5.87 on Could 3.
Nonetheless, the value has been transferring downwards since. It’s approaching two help ranges, discovered at $4.66 and $4.28. They’re created by the 0.5 & 0.618 Fib retracement help ranges, respectively. The latter can be a horizontal help space.
After reaching them, SXP is anticipated to extend nicely into double digits.
ZEN has been transferring downwards since April 27, when it reached a excessive of $138.98 and created a double high sample.
Thus far, it has managed to achieve a low of $107.55.
Technical indicators have turned bearish. Each the MACD & RSI have generated bearish divergence. As well as, the Stochastic Oscillator has made a bearish cross.
It’s doable that ZEN is within the C wave of an A-B-C corrective construction, which might take it again to the $85 help space.
DOGE has been moving upwards since April 23. On Could 4, it managed to achieve a brand new all-time excessive value of $0.495.
Technical indicators are nonetheless bullish, supporting the continuation of the upward motion.
The following resistance space is discovered at $6.26. That is the 1.61 exterior Fib retracement of the newest drop.