Price analysis 5/3: BTC, ETH, BNB, XRP, DOGE, ADA, DOT, UNI, LTC, BCH

Ethereum and a couple of altcoins have billed greater while Bitcoin struggles to come across enough momentum to clear the $58,000 level.
The second-largest cryptocurrency by market capitalization spanned the $3,300 today sending jobs market cap to $381.6 billion.  Ether has become the 24th biggest asset in the world, vaulting the job above blue-chip names such as Mastercard, NVIDIA, Walt Disney, Bank of America and Home Depot, based on data in Infinite Market Cap. Source: Coin360However, Ether has a lot of catching up to do if it wants to flip Bitcoin since its market dominance at 16.4% is a lot below Bitcoin’s 47%. Still, the growth of Ether is positive for the crypto industry since it’s very likely to attract the eye of institutional investors.Fund managers will find it tough to ignore the best two cryptocurrencies because their market caps transcend popular Wall Street names. This may continue to pull fresh money into the crypto industry and boost costs higher.Let’s analyze the graphs of this top-10 cryptocurrencies to find out their trend and the potential goal objectives.BTC/USDTBitcoin has bounced off the 20-day exponential moving average ($55,915) today, indicating that bulls are amassing dips. The buyers will try to push the price to the $61,825.84 to $64,849.27 overhead immunity zone.BTC/ / USDT daily chart. Source: TradingViewHowever, the back on the candlestick indicates that the bulls are struggling to sustain the cost above $58,000. If the buyers don’t do this, the bears will probably make an additional attempt to sink the cost beneath the 20-day EMA.If they succeed, then the BTC/USDT pair could start a correction to $52,323.21 and then to $50,460. A bounce off this amount could continue to keep the couple range-bound to get a few more days.Alternatively, in the event the bulls shield the 20-day EMA, it will indicate power. When the buyers could maintain the cost above $58,000, then the pair could start a slow climb to the overhead zone. The next leg of this uptrend can start after the pair climbs above $64,849.27. ETH/USDTEther had been trading within an ascending channel for the last couple of days. The bulls pushed the price above the resistance line of this station on May 1, leading to a pickup in momentum. Ether could rally to $3,513. ETH/USDT daily chart. Resource: TradingViewBoth moving averages are all sloping up indicating that bulls have the upper hand. However, the RSI above 80 indicates the rally is overbought in the short term and the ETH/USDT pair will soon enter a little correction or consolidation.If that the bulls don’t allow the price to re-enter the station, it will imply that traders are buying on dips as they expect the rally to continue. Both moving averages are sloping up and the RSI is in the overbought zone, indicating that the bulls have overpowered the bears.BNB/ / USDT daily chart. Source: TradingViewIf that the bulls can maintain the cost above $639, the BNB/USDT pair can start its trip toward the routine goal at $808.57. Contrary to the assumption, if the bulls don’t sustain the cost above $639, then the bears will attempt to pull the cost down to the 20-day EMA ($552). A bounce off this service will continue to keep the uptrend intact.However, if the cost falls below the 20-day EMA, the pair may fall to the service line of the triangle and then to the 50-day simple moving average ($421).XRP/USDTXRP switched down from $1.66 and shaped an inside-day candlestick pattern on May 2. This was followed with a Doji candlestick pattern today, signaling indecision among the bulls and the bears.XRP/ / USDT daily chart. Source: TradingViewIf the uncertainty resolves to the downsidethat the XRP/USDT pair may correct to the 20-day EMA ($1.36), which will be very likely to act as a powerful support.A powerful rally off the 20-day EMA would suggest that traders are buying on dips. If the bulls thrust the price above $1.66, then the pair may climb to the 78.6% Fibonacci retracement at $1.73 and then retest the 52-week higher at $1.96. The marginally rising 20-day EMA and the RSI near 61 indicate that the bulls have the upper hand. This positive view will probably invalidate if the pair breaks the 20-day EMA support. Such a transfer will imply that traders are dumping their ranks which could pull the cost down to the 50-day SMA ($1.01).DOGE/USDTThe doubt following the inside-day candlestick pattern on April 29 resolved to the upside April 30 and the bulls propelled Dogecoin (DOGE) above the $0.34 resistance May 1. VORTECS™ information from Cointelegraph Markets Pro began to discover an bullish outlook for DOGE on April 29, prior to the recent price rise.The VORTECS™ rating, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market terms derived from a mix of data points involving market opinion, trading volume, recent price movements and Twitter activity.VORTECS™ rating (green) vs. DOGE price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ rating for DOGE flipped green April 29 if the price was $0.30. Since then, the VORTECS™ score has largely stayed in the green, barring a temporary dip below the 60 level. DOGE has rallied above $0.41 today, leading to a 36% dip in roughly five days. DOGE/USDT daily chart. The DOGE/USDT pair may retest the all time high at $0.45. If the bulls propel the cost above this immunity, the uptrend could restart with another goal objective at $0.65. This optimistic view will probably invalidate if the cost turns down in the present level or the overhead immunity and breaks the 20-day EMA service, ADA/USDT Cardano (ADA) has been sustaining above the 20-day EMA ($1.27) for the past couple of days, indicating the bulls are in no rush to book gains. The altcoin stays on course to restart the up-move and hit the $1.48 to $1.55 immunity zone.ADA/ / USDT daily chart. Source: TradingViewThe ADA/USDT pair can strike a wall at the overhead immunity zone because the bears would once again attempt to reverse the direction and keep the price stuck within the $1.03 to $1.48 scope to get a few more days.The marginally climbing 20-day EMA and the RSI above 56 suggest the bulls have the upper hand. If they can drive the cost above the zone, then the couple could start its journey to $ two. On the other hand, if the cost turns down in the present level and breaks below the moving averages, the pair may drop to the aid of this scope at $1.03. DOT/USDTAfter hesitating near the 50-day SMA ($36.94) on May 2 and 1, the bulls pushed Polkadot (DOT) above it today. However, the very long wick on the current candlestick indicates that the bears haven’t given up and are still selling on each rise.DOT/USDT daily chart. Source: TradingViewBoth moving averages are both flat and the RSI is only above the midpoint, suggesting a balance between supply and demand. This balance will tilt in favour of the bulls if they can push and sustain the cost above the 50-day SMA. To the contrary, in the event the cost turns down and slips beneath the 20-day EMA, then the DOT/USDT pair may drop to $32.50. The bulls will likely shield this amount aggressively but in case the bears overpower them, then the pair may drop to support of this scope at $26.50. However, the bulls succeeded in flipping the preceding immunity at $39.60 into service, which is a positive signal. UNI/USDT daily chart. Source: TradingViewThe uptrend has resumed today and the UNI/USDT pair has climbed to a brand new all-time high at $45. Although the RSI is still warning of a negative divergence, the upsloping 20-day EMA ($37.41) indicates the bulls have been in control.If that the bulls sustain the cost above $44, the pair may rise to the resistance line of the ascending channel at $50. This bullish view will nullify if the rolls sink the cost beneath the 20-day EMA. The pair may then drop to the service line of this channel.LTC/USDTAfter a one time correction May 2, Litecoin (LTC) has begun its northward journey today. This suggests the belief remains bullish and each minor dip has been bought. The bulls will try to push the cost above the 61.8% Fibonacci retracement level at $286.02. LTC/USDT daily chart. Source: TradingViewIf they succeed, the LTC/USDT pair could climb to the 78.6percent retracement level at $307.58 and to $335.03. The slowly upsloping 20-day EMA ($257) and the RSI above 61 imply that demand warrants supply.This optimistic view will invalidate if the cost turns right down in $286.02 and slumps below the 20-day EMA. Such a transfer will indicate that traders are closing their rankings relief rallies. This indicates strong need at lower levels.BCH/USDT daily chart. Source: TradingViewHowever, the very long wick on the candlestick shows bears are selling rallies above $1,012.29. If the cost turns down in the present level and breaks below $950.46, then the pair could drop to the 20-day EMA ($879). A break below this amount will suggest that the momentum has diminished which may open the doors for a possible drop to the 50-day SMA ($703).Conversely, in the event the bulls succeed in sustaining the price above $1,012.29, the BCH/USDT pair could climb to $1,100.78 and then retest the 52-week high at $1,213.51. The climbing moving averages and the RSI above 62, suggest the path of least resistance would be to the upside.The viewpoints and opinions expressed here are only those of the author and don’t necessarily reflect the viewpoints of Cointelegraph. Every investment and trading movement involves risk. You should conduct your own search when making a decision.Market data is supplied with HitBTC exchange.

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