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    Home » Crypto News » Crypto Price Analysis & Overview May 7: Bitcoin, Ripple, Ethereum, Waves and Dash

    Crypto Price Analysis & Overview May 7: Bitcoin, Ripple, Ethereum, Waves and Dash

    Author: Jonathan Berger

    Last Updated Nov 27, 2019 @ 14:01

    Bitcoin

    The resistance at $5,500 has been breached and the next one lies at around $6,000 and it’s very close. However, it is very difficult to hold beyond the resistance of $6,000, but if it would be breached, the next resistance will be around $8,000, in the bigger picture (for smaller time-frames please refer to our daily Bitcoin price analysis). Meanwhile, the support is being built at around $5,600.

    BTCUSD-min

    Ethereum

    Against the USD, the rising trend (marked with the yellow line) continues and the support for this range is found at $160. Resistance is at $185 and if breached, the next resistance is at $210.

    ETHUSD-min

    Against Bitcoin, the price shuffles down with support sitting at around 0.028BTC. The resistance of Fibonacci levels is a 0.78, which is around 0.03BTC, where the support held from February.

    ETHBTC-min

    Ripple

    Against the USD, trading is relatively stable with support at $0.28 since December. This level saw quick bounces upward every time the price reached it. Resistance in this area is at $0.32.

    XRPUSD-min

    Against BTC, the price continues to go down and to look for support. Meanwhile, the support is sitting at around 5000SAT and the resistance is at 5500SAT. In 2019, the interest in trading Ripple appears to be based mainly on its stability against the USD.

    XRPBTC-min

    Waves

    Against the USD, ever since the beginning of the year, the range between $2.5 and $3 was stable until the end of April. This is when a correction struck, lowering the prices below the $2 support levels. The resistance in this range is at $2.4.

    WAVESUSD-min

    Against Bitcoin, there is a downward trend and a return to the levels which were seen in December. At the moment, the support seems to hold at around 0.00035BTC. If breached, the next support is at 0.00025BTC. The resistance in this range is at 0.00038BTC and the RSI is at the floor.

    WAVESBTC-min

    DASH

    Against the dollar, there is a positive trend which started in April and it reached $138. After that, we saw a correction and since then the price is trying to climb back up again. The support for this range is at around $115, while the resistance is at $123.

    DASHUSD

    Against BTC, on the weekly graph, we see the price going back to the support levels at 0.02BTC, which is not far from the floor that we saw back in December at 0.01BTC. The resistance in this range is at 0.022BTC.

    DASHBTC-min

     

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    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

    Cryptocurrency charts by TradingView.
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    Read more on: Bitcoin Dash Ethereum Ripple Waves

    About The Author

    Jonathan Berger View more posts by this author

    Breathing crypto since early 2013. Jonathan lives 24-7 analyzing market condition and current situation. One of his hobbies is mining very low-cap altcoins. Contact Jonathan: Facebook

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