Weekly trading signals for Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin SV (BCHSV), EOS, Stellar (XLM), Litecoin (LTC), Cardano (ADA), Monero (XMR), TRON (TRX): DECEMBER 24

BTC/USD

Dominant trend: Ranging

Supply zone: $6000, $7000, $8000

Demand zone: $2000, $1500, $1000

BTCUSD is in a range-bound market in the long-term outlook. After a successful breakout at the 10-EMA on 17th December, the bulls set the cryptocurrency on a part of recovery with new higher highs daily until 21st  December. $4300 in the supply area was the high attained before the bears set in and closed the day lower at $3902.

The stochastic oscillator in the overbought at 80% and it’s signal parallel which is a reflection of the ranging scenario.

BTCUSD is in consolidation and trading between $4530 in the upper supply area and at $3470in 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.

ETHUSD

Dominant trend: Bullish

Supply zones: $250, $300, $350

Demand zones: $50, $30, $10

Last week saw the bulls sustaining the reversal momentum from the doji formation of 15th December. The resistance at the 10-EMA was broken and the pressure up north continues as ETHUSD soars to $122.66 in the supply area as the high of the week.

The new week starts on a bullish note with a break at the 50-EMA and a high of the day at $138.94 in the supply area the journey north may have started.

Price stands above the two EMAs crossover with stochastic oscillator signal points up at 84% in the overbought region which suggests upward momentum in price of the cryptocurrency in the long-term.

$174.00 in the supply area remains a target for the bulls in the days ahead and this will determine the sustainability of the bullish continuation in the long-term.

XMR/USD

Dominant trend: Ranging

Supply zone: $120.00, $140.00, $160.00

Demand zone: $20.00, $10.00, $05.00

XMRUSD enters into consolidation in its long-term outlook. The bullish pullback that started at $39.37 with a doji on 15th December was strengthened breaking the 10-EMA as XMRUSD rose to $57.17 in the supply area. The bullish marubozu candle was meant to push price further high but lacked the momentum for upward movement as the cryptocurrency enters the range.

Although price is above the 10-EMA and the stochastic oscillator signal points down at 75% suggesting downward momentum within the range.

XMRUSD is ranging and trading between $65.00 in the upper supply area and at $38.00 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower demand area before taking a position.

XRPUSD

Dominant trend: Bearish

Supply zone: $0.6000, $0.6500, $0.7000

Demand zone: $0.2500, $0.2000, $0.1500

XRPUSD still remains in bearish trend in its long-term outlook despite the bullish pullback it made last week. The large engulfing candle of 17th December started the whole retracement exercise.  $0.4062 in the supply area was the high of the week attained on 19th December.

This was at the 50.0 fib level a trend reversal area. The inverted bearish hammer formation at this area coupled with the exhaustion of the bullish momentum was a confluence for the downtrend.

The bears may be back as this week starts with an inverted hammer closed below the 50-EMA. The stochastic oscillator is at 75%  and its signal point down. This implies downward momentum to the 23.0 fib area.

ADAUSD

Dominant trend: Ranging

Supply zone: $0.0600, $0.0800, $0.1000

Demand zone: $0.0100, $0.0080, $0.0060

 ADA/USD outlook on the long-term remains in a range-bound market. The bulls successfully broke the resistance at the 10-EMA on 17th December and pushed price initially up to $0.03962 in the supply area. $0.04764 became the high of the week as the bullish pressure became much stronger on 21 December .

The bulls remained in control as the new week start with a bullish candle at $0.04341 and already the 50-EMA is broken as price journey up north within the range.

ADAUSD is consolidation and trading between $0.05253 in the upper supply area and at $0.03300 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position while a breakdown at the lower demand area may be good for a short position with good candle pattern as confirmation for entries.

XLMUSD

Dominant trend: Bullish

Supply zone: $0.200, $0.2200, $0.2400

Demand zone: $0.0500, $0.0300, $0.0100

XLMUSD resumes in a bullish trend in the long-term outlook. The bullish flag of last week analysis turned out to be a major comeback with a close above the 10-EMA on 18th December with XLMUSD up at  $0.1178 in the supply area. The week saw the cryptocurrency price rose to $0.1383 in the supply area as the bullish momentum increases.

Price stands above the 10-EMA and the stochastic oscillator signal points up at 74%. These imply further move to the upside as the bullish pressure becomes much stronger. $0.1600 in the supply area may be retested in the long-term

EOSUSD

Dominant trend: Bullish

Supply zone: $5.000 , $6.000,  $7.000

Demand zone: $1.000, $2.0000, $01.500

The bulls are gradually  taking control of EOS/USD long-term outlook. The large bullish engulfing candle at $1.94 on 17th December that broke the 10-EMA was a confirmation to the bulls takeover of the market.

$2.88 was the higher high of last week. The new week is poised for a new higher high just as the week started on a bullish note at $2.70 with EOSUSD already up at $3.11 in the supply area.

Price is within the 38.2 fib area with the 61.8 fibs ($4.18) area as the target in the days ahead. This may nicely be achieved as the bullish pressure remains strong and sustained within the week.

BSVUSD

Dominant trend: Bullish

Supply zones: $150, $170, $190

Demand zones: $40, $30, $20

BSV/USD returns to a bullish trend after the bulls took control of the market. They broke and retested the demand area on 18th December. The bullish railroad at $76.72 and the break of the two EMAs crossover at $80.64 were confirmations of the bulls return.

BSVUSD went up to $128.09 in the supply area creating a higher high of the week on 21st December.

Price remains above the two EMAs crossover an indication of strong bullish pressure. The stochastic oscillator signal points up at 45%. This suggests an upward movement in price of the cryptocurrency in the long-term as the bullish pressure becomes much stronger within the week.

TRXUSD

Dominant trend: Ranging

Supply zone: $0.0300 $0.0350,  $0.0400

Demand zone: $0.100, $0.0800, $0.0600

TRXUSD returns to a bullish trend as the new trading week starts. The break out at the upper supply area at $0.01600 was a good ride up north as the bullish pressure was maintained.  TRXUSD rose to $0.01798 in the supply area after the break at the two EMAs on 20th December.

Sustained bullish momentum led to a weekly high at $0.02310 on 21st December

The teacup formation still has $0.02463 in the upper supply area to be attained. This may be attained this new trading week with price above the two EMAs crossover and the stochastic oscillator at 84% in the overbought region with its signal up which implies upward price momentum.

LTCUSD

Dominant trend: Bullish

Supply zone: $50.00 $60.00,  $70.00

Demand zone: $10.00, $05.00, $01.00

LTC/USD is in a bullish trend in the long-term outlook. With a higher high at $33.20  in the supply area after a remarkable breakout at the 10-EMA on 17th December. LTCUSD was on a progressive upward movement.

The new week sees more bulls back in the market as it opened at $31.60. LTCUSD was already up at $36.00 in the supply area it suggests new higher high may be attained as the bulls consistently establish their hold in the market.

With the stochastic oscillator signal pointing up in the overbought region at 87% and price above the two EMAs, the momentum to the upside may continue in the long-term.The 61.8 fib area remains a possible bulls target as the cryptocurrency continues its journey north.