Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 6

While Bitcoin futures trading is already available, an unnamed official of the Commodity Futures Trading Commission said that the regulator can allow ether futures trading if it fulfills the requirements.

The bulls are trying to hold the price above $5,600, which is a positive sign.

Any dip below $5,600 is likely to find support at the 20-day EMA. The BTC/USD pair has not closed below the 20-day EMA for two days in a row since breaking above it on February 8.

If the ETH/USD pair breaks out of $180-$190.54 resistance zone, it is likely to pick up momentum and rally to $225 and above it to $256. Therefore, we retain the buy recommendation given in the previous analysis.

The bulls are currently attempting to hold the price above the 20-day EMA. If successful, it can rise to the top of the range.

The price is currently at the critical support of the uptrend line of the wedge.

Contrary to our assumption, if the EOS/USD pair bounces off the support and rallies above $5.50, it can move up to $6.0726 and above it $6.8299.The 20-day EMA is flattening out and the RSI is close to the midpoint.

BNB/USDBinance Coin continues to trade close to the 20-day EMA. Both the moving averages are trending up, which is a positive sign, but the negative divergence developing on the RSI is a red flag.

If the BNB/USD pair slips below the 20-day EMA, it can drop to the 50-day SMA. A breakdown of this support will complete a bearish rising wedge pattern that can drag the price to $15 and lower.

Our bearish view will be invalidated if the XLM/USD pair reverses direction from the current levels and rises above the 50-day SMA. In such a case, it can move up to $0.12039489 and above it to $0.13250273.