Bitcoin

(Bitstamp:BTCUSD 1h)

Bitcoin continued its drop, reaching a low of $9515 early this morning. It is now in a short term bounce pattern, as shown by the ascending support. This pattern will likely form an ascending wedge or ascending channel in the coming day or two.
The volume has dropped off significantly during this bounce, which supports the idea of a bearish consolidation rather than a double bottom.
The upper limit for this bounce should stay below the $10780 support ideally, although it is possible for it to go as far as $11160 without breaking the bearish outlook.

(Bitstamp:BTCUSD 4h)

On the higher time frame we can see this little bounce comes as we draw nearer to the major support of the previous leg down. A strong break of this $9222 support could send us as low as $7888, as I mentioned yesterday.
On the other hand, if we see a strong reversal here through the $11160 resistance and beyond then this would be seen as a large double bottom, which would be a very bullish sign for Bitcoin. That being said, the volume on the drops has been much stronger than on the rebounds, and the rebounds have been getting progressively lower each time. So the bearish outlook is seeming much more likely.

Ethereum

(Bitstamp:ETHUSD 1h)

Ethereum is seeing a similar bounce to Bitcoin, however this bounce is much stronger than that of Bitcoin. We saw a sharp retracement off the $1022 support and are now back around the $1105 support/ resistance level. Due to the strength of this bounce compared to that of Bitcoin and the multiple support levels, we could see Ethereum decoupling from Bitcoin in subsequent drops. This would likely occur around a strong support zone and/or the formation of a double bottom from this drop.
But, in the short term, this is looking like a bearish consolidation pattern which will break downwards in following with Bitcoin's next leg down.

(Bitstamp:ETHBTC 1h)

After a few days of consolidation and a retest of the upper support/ resistance level, ETHBTC seems to be continuing its bull run.
The last leg up was +0.0114, based on this, a rough target price for this move is ~0.1141. On the way there is some historical resistance to watch for at 0.1115 (Based off Poloniex data), so the trend may be slowed. So far volume is picking up nicely for this new run, but as it reaches towards its target price we'll have to see if there are any signs of weakness.

Bitcoin Cash

(Poloniex:BCHBTC 4h)

Bitcoin Cash remains happily within its consolidation zone after a rejected breakout which made a higher low. This is a bullish sign for BCHBTC, although I would still recommend waiting for a breakout upwards before taking on any positions.

NEO

(Bitfinex:NEOBTC 4h)

Neo appears to have had a successful rejection of support to form a consolidation zone around these highs. This is a good sign for the medium term, as it gives the market time to prepare for a new bull run, especially considering the lead up to this high was on such low volume.
I would wait for another rejection of the resistance and support levels of this channel to confirm this as a consolidation zone, but unless there is a strong break of the 0.01351 support, this looks pretty healthy.

Cardano

(Bittrex:ADABTC 1h)

ADABTC has been pushing down towards the stop loss level of 4730 over the last day. We have seen a bit of bullish divergence on the RSI, however we haven't seen the sharp reversal that would've been expected from that, instead we are slowly moving upwards on relatively low volume.
Since the stop loss level hasn't been hit yet, the position remains open, but it is possible that a next leg will take us through the support.

Disclaimer

I will do my best to give unbiased, objective analysis, but I can make no promises about my accuracy.
All posts are based on my personal opinions and ideas and do not constitute professional financial investment advice.