Weekly trading signals for major cryptos - JANUARY 28TH

Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Ripple (XRP), Cardano (ADA), Stellar (XLM), EOS, Bitcoin SV (BCHSV), Tron (TRX), Litecoin (LTC)BTC/USD

Dominant trend: RangingSupply zone: $6000, $7000, $8000Demand zone: $2000, $1500, $1000BTC/USD remains in a range-bound market in the long-term outlook. $3462 in the demand area was the low of the week attained on 22nd January while $3570 in the supply area was the high of the week. This was attained on 26th January.With the new trading week starting as a hammer, it suggests a possible trend reversal within the range and the bulls are staging a return.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 so patience is required to allow this to happen before a position is taken.ETH/USD

Dominant trend: BearishSupply zones: $250, $300, $350Demand zones: $50, $30, $10The bearish pressure remains strong as momentum for the journey down south is building up. The ending week saw Ethereum down to $107.51 in the demand area on 20th January. Although the bulls attempt to push the price back up, it was rejected at the 10-EMA area.Exhaustion to the bullish momentum was seen as the new week began with ETH/USD briefly up at $122.00 in the supply area but ended the day a gravestone doji on 26th January, an indication of further strong bearish pressure.The price is still below the EMAs crossover and already down to $112.16 in the demand area. The stochastic oscillator signal points down at 26%. This suggests a downward momentum in price. $85.75 in the demand area is the bears’ target in the long-term. For more signals: https://www.cryptocomparer.com/

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