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. 

On May 3, it broke out from this resistance line and has been increasing since. Since then it reached a new all-time high price of $5.65. 

Technical indicators support the continuation of the upward movement. This is especially evident by the bullish cross in the Stochastic oscillator. 

The next closest resistance levels are found at $7.23 and $10.05.

KAVA

KAVA has been moving upwards since April 23 and reclaimed the $5.25 resistance area shortly after.

Technical indicators are bullish and support the continuation of the upward movement.

The wave count suggests that KAVA has just begun sub-wave three (orange) of a bullish impulse. Prior to this, it completed an irregular flat correction.

A potential target for the top of this movement is found between $13.43-$13.60.

For BeInCrypto’s latest bitcoin (BTC) analysis, click here.