June 23, 2021

Crypto Price Analysis & Overview May 14th: Bitcoin, Ethereum, Ripple, Cardano, and Uniswap

5 min read

Despite the current market-wide crash, Ethereum continues to lead amidst the large-cap cryptocurrencies. Today, we take a closer check out the following cryptos:

Bitcoin is down by an overall of 10 %today as it saw turbulence over the previous two days with Telsa getting rid of BTC payments for its vehicles. The cryptocurrency failed to break a falling resistance trend line at around$ 59,000 at the start of the week and began to head

lower from there. On Wednesday, the statement from Tesla saw BTC dropping from the 50-days MA at around $56,500 to reach as low as $48,440 by the end of the day. The drop continued yesterday as BTC dropped as low as $46,000. Fortunately, it rebounded by the end of the day to climb above a long-lasting rising pattern line. Today, it has actually pushed greater back above $50,000.

Looking ahead, the first resistance lies at $51,000 (bearish.382 Fib). This is followed by $52,650 (bearish.5 Fib), $54,275 (bearish.618 Fib), and $56,500 (50-days MA).

On the other side, the very first support now lies at $50,000. This is followed by $48,440 (increasing pattern line), $47,000 (long term.5 Fib), $46,000 (weekly low), and $44,750.

btcusd-may14
BTC/USD Daily Chart. Source: TradingView. Ethereum is up by an overall of 14.6% from recently’s rate as it

presently sits at $4,000. The coin was trading inside a high rising cost channel – considering that the end of April as it pressed greater to set a brand-new ATH today at $4373. From there, ETH rolled over when BTC collapsed beneath$ 50,000 – causing ETH to drop beneath the

cost channel. It discovered support around $3670 (.236 Fib)and rebounded today to break back above $4000. Looking ahead, the first resistance lies at$4200(1.414 Fib Extension). This is followed by the ATH at $4373,$4535(1.618 Fib Extension), and$ 4755 (1.272 Fib Extension – blue). On the other side, the very first assistance can be found in at$ 3672 (.236

ethusd-may14
Fib). This is followed by$3500,$3338(

.382 Fib & 20-day MA),$3250, and$3070(.5 Fib). < img class =” size-full wp-image-118638 “src=” https://cryptopotato.com/wp-content/uploads/2021/05/ethusd-may14.png “alt =” ethusd-may14 “width=”2908” height =”1882 “srcset =” https://cryptopotato.com/wp-content/uploads/2021/05/ethusd-may14.png 2908w, https://cryptopotato.com/wp-content/uploads/2021/05/ethusd-may14-300×194.png 300w, https://cryptopotato.com/wp-content/uploads/2021/05/ethusd-may14-1024×663.png 1024w, https://cryptopotato.com/wp-content/uploads/2021/05/ethusd-may14-768×497.png 768w, https://cryptopotato.com/wp-content/uploads/2021/05/ethusd-may14-1536×994.png 1536w,

https://cryptopotato.com/wp-content/uploads/2021/05/ethusd-may14-2048×1325.png 2048w, https://cryptopotato.com/wp-content/uploads/2021/05/ethusd-may14-50×32.png 50w”sizes=” (max-width: 2908px )100vw, 2908px “/ > ETH/USD Daily Chart. Source: TradingView. ETH is also surpassing bitcoin itself this week as it sets a brand-new 2021 high at 0.08 BTC.

The coin was trading at around 0.06 BTC at the start of the week as it started to shoot greater inside a rising rate channel. After hitting 0.08 BTC, ETH dropped a little however – found support at the lower border of the price channel. It is now trading around 0.079 BTC. Looking ahead, the very first resistance lies at 0.08 BTC. This is followed by 0.083 BTC (1.618 Fib

ethbtc-may14
Extension), 0.0875 BTC (1.414 Fib Extension – blue), and 0.09 BTC. On the other side, the

very first support

lies at 0.075 BTC. This is followed by 0.0725 BTC(.236 Fib), 0.07 BTC, 0.0677 BTC (.382 Fib), and 0.0638 BTC(.5 Fib). ETH/BTC Daily Chart. Source: TradingView. Ripple XRP suffered a sharp 12.5%cost fall this week as it sits at $1.42. The coin was trading inside a balanced triangle pattern and stopped working to break above the upper border of this triangle at around$ 1.60 during the start of the week. During the BTC rate drop, XRP fell as low as$1.15, where it

satisfied assistance at the lower boundary of the triangle. It closed the daily candle at$ 1.25 (Feb 2018 highs)and rebounded from there the other day to trade at $1.42 today. Looking ahead, the first

xrpusd-may14
resistance lies at$1.50. This is followed by the upper limit of the triangle, $1.60, $1.75(bearish.786 Fib), and $1.82(May highs ). On the other side, the very first assistance lies at$ 1.25 (Fen 2018 highs). This is followed by the lower border of the triangle,$1.10(.5 Fib )and$ 1.00. XRP/USD Daily Chart. Source: TradingView. Versus bitcoin, XRP is presently trading inside a rising cost channel with the roofing system at around 3058 SAT (April highs).

The coin started the week by dropping from 2877 SAT as it started to slide into the 2462 SAT (.5 Fib)support. It did drop as low as 2263 SAT on Monday but found assistance at the lower limit of the triangle and rebounded back above 2462 SAT. It has because pressed higher to trade around 2800 SAT. Looking

xrpbtc-may14
ahead, the first resistance lies at 2877 SAT(bearish.618 Fib). This is followed by 3058 SAT

(upper border of the triangle)

, 3200 SAT, and 3362 SAT(Feb 2020 Highs ). On the other side, the very first support lies at 2600 SAT(20-day MA). This is followed by the lower border of the triangle at around 2462 SAT (short-term.5 Fib ), 2260 SAT (.382 Fib), 2200 SAT(50-day MA), and 2000 SAT(.5 Fib).

XRP/BTC Daily Chart. Source: TradingView. Cardano ADA is up by a strong 12.2 % today and set a brand-new ATH price at $2.05 yesterday. The coin had actually risen higher over the weekend to break above a long-lasting ascending rate channel and meet resistance at around$1.80 throughout the majority of the week. The resistance at $1.80 was not penetrated until the other day when ADA managed to surge to around $2.05. It has because dropped from there to trade at $1.87 today. Looking ahead, the first resistance lies at $2.00. This is followed by$2.06 (1.414 Fib Extension),

adausd-may14
$2.20, and$2.31( 1.618 Fib Extension).

Included resistance is expected at$ 2.40 and$2.53. On the other side, the very first assistance lies at$ 1.77 (.236 Fib). This is followed by$ 1.70,$ 1.60 (.382 Fib ),$1.50(20-day MA ), and $1.46 (.5 Fib).

ADA/USD Daily Chart. Source: TradingView. ADA also rose higher versus bitcoin. It started the week below 2800 SAT as it started to push higher to satisfy the resistance at 3200 SAT(February highs). The other day, ADA surged higher to break the February highs and reach 3900 SAT, where it met resistance at a 1.414 Fibonacci Extension level. It could not overcome this level and has actually since dropped to 3700 SAT. Moving forward, the very first resistance lies at 3900 SAT(1.414 Fib Extension). This is followed by 4000 SAT, 4246 SAT(1.618 Fib Extension), 4400 SAT, and 4572 SAT (1.414 Fib Extension-blue). On the other side, theadabtc-may14

first support lies at 3600 SAT. This is followed by 3466 SAT(.236 Fib

), 3200 SAT, 3165 SAT(.382 Fib)

, and 3000 SAT. ADA/BTC Daily Chart. Source: TradingView. Uniswap UNI stayed stagnant today as it continues to trade at $39.80(20-days MA ), the very same level it was trading at last week

. The coin started the month by setting a new ATH at $45 but began to head lower from there. Yesterday, it did drop as low as 33.83(.618 Fib)however rapidly rebounded to hit the 20-day MA level once again today. Looking ahead, the first resistance above $40 lies at $42.50. This is followed by $45(ATH), $ 47.50, $ 50

uniusd-may14
, and $ 52.45. On the other side, the first support lies at $ 38(.382

Fib ). This is followed by $ 35.95(.5 Fib), $ 33.83(.618 Fib), and $ 30.92. UNI/USD Daily Chart. Source: TradingView. UNI saw a strong rebound this week against bitcoin.

It had dropped underneath 0.0007 BTC at the start of the week and continued to fall until support was found at 0.000644 (.5 Fib). It rebounded from this support on Tuesday and began to push higher. Considering that rebounding, UNI managed to break the 20-day MA above 0.0007 BTC and push as high as 0.000786 BTC today. Looking ahead, the first resistance lies at 0.00081 BTC (1.414 Fib Extension). This is followed by 0.00085 BTC, 0.000907 BTC (1.618 Fib Extension), 0.00095 BTC, 0.000975 BTC (1.414 Fib Extension ), and 0.001 BTC. On the other side, the very first assistance lies at 0.00075 BTC. This is followed by 0.00072 BTC (20-day MA), 0.0007 BTC, 0.000688 BTC (.382 Fib), and 0.000655 BTC (.5 Fib).

unibtc-may14
UNI/BTC Daily Chart. Source: TradingView.