Bitcoin (BTC),
Ethereum (ETH), Monero (XMR), Ripple (XRP), Cardano (ADA), Stellar (XLM), EOS,
Bitcoin SV (BCHSV), Tron (TRX), Litecoin (LTC)
BTC/USD
Supply zone: $6000, $7000, $8000
Demand zone: $2000, $1500, $1000
ETH/USD
Supply zones: $250, $300, $350
Demand zones: $50, $30, $10
$174.00 in the supply area remains a target for the bulls in the long-term.
BTC/USD
Dominant
trend: Ranging
Supply zone: $6000, $7000, $8000
Demand zone: $2000, $1500, $1000
BTC/USD remained
in a range-bound market in the long-term outlook. The bulls attempted to rally
on 28th December that took the cryptocurrency to $4095 in the supply area but
lacked the momentum for continuity hence the bears returned. BTC/USD closed the
year at $3771.
The new year
opens with a break out from the 10-EMA as the cryptocurrency rose
to $4083 in the supply area within the range.
BTC/USD is in consolidation and trading between $4370 in the
upper supply area and at $3470 in the lower demand area of the range. A
breakout at the upper supply area or breakdown at the lower area may occur
hence patience is required to allow this to happen before a position is taken.
ETH/USD
Dominant
trend: Bullish
Supply zones: $250, $300, $350
Demand zones: $50, $30, $10
The rejection
of the downward price movement and subsequent formation of a bullish engulfing
candle on 28th December confirm the uptrend. ETH closed the year above the $100.00 as the bulls
pushed the price up $153.00 in the supply are on 31st December.
The new saw the bull sustaining the momentum after the bullish
railroad on 1st January. $163.67 was retested yesterday as the bulls continue
their journey up in the long-term.
Price stands above the two EMAs crossover with stochastic
oscillator signal points up at 76% in the overbought region which suggests
upward momentum in the price of the cryptocurrency in the long-term.
$174.00 in the supply area remains a target for the bulls in the long-term.
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