Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, IOTA, EOS: Price Analysis, May 04

On the downside, if the BTC/USD pair breaks below the support line of the ascending channel, it can fall to $9,178 and then to the 20-day EMA, close to $9,000 levels.

The up move will be in danger only on a break below $9,000 levels.

The stop loss can be placed just below the 20-day EMA at $640. Traders should confirm that the levels are holding before entering long positions.

If the price fails to break out of this level, the range-bound action between $1,221 and $1,600 will continue.

The immediate target objective is a move to $2,000; above it, the rally can extend to $2,400 levels.

On the downside, any break of the $141 levels will be a negative sign.

The ADA/BTC pair should now find support at the 0.00003445 levels because there are three major supports close to it.

The first level is the horizontal support, the second one is the trendline support, and the third is the 20-day EMA.We shall retain the stops at 0.000029 until we see a rally above 0.000042 levels.

If the level holds, the bulls will try to break out of the channel and push prices towards $3 and $3.5.If the digital currency breaks below $2.2117 but finds support close to $2 levels, then the ascending channel will be in play, and a move to the resistance line of the channel can be expected.

Due to the uncertainty, it is better to wait for a couple of days and then buy if the support levels hold.