Сryptomarket Analysis June 19
Main page Finance, Cryptocurrency, Bitcoin, Ethereum, Dash, Litecoin
Hot topic
19 June
828 828
Kirill Kononovich
Columnist of Insider.pro

What happened with bitcoin, ethereum and dash rates over the past 24 hours.

Bitcoin

Bitcoin’s (Bitcoin) rapid growth leaves behind a rather weak market structure, which can be studied further during the next few days. Quotes have returned to the A high-volume region, that leads to the main Tuesday’s idea - consolidation within the borders.

Daily Scenarios

1. Bullish

It’s possible to expect a test of upper border of A, a small correction and then an attack on the level of $ 7,200. This scenario seems unlikely, as the explosive growth which happened yesterday was caused mainly by closure of short positions.

2. Neutral

It’s worth expecting a valuation within the boundaries of a high-volume region.

3. Bearish

Highly likely is a valuation within the boundaries of the high-volume region, followed by a drift to the $6,470 level.

Ethereum

Ethereum’s (ETH/USD) chart is behaving similarly to bitcoin. After yesterday's growth, the price ended up in the lower part of double high-volume region - A. The area consists of two sub-regions with a border in-between, which is Monday’s maximum mark.

Daily Scenarios

1. Bullish

It’s possible to expect a consolidation, or a breakthrough into the upper sub-region and an attack at $560 level .

2. Neutral

We can expect valuations within the boundaries of the region A with a possible transfer into its upper part.

3. Bearish

It’s possible to expect a consolidation followed by a price drift to $500 mark.

Dash

Dash (DASH/USD) is being consolidated within the boundaries of a high-volume region. The main scenarios are similar to those for bitcoin and ethereum.

Daily Scenarios

1. Bullish

We can consider a consolidation in the high-volume region with a possible attack on the maximum level of $290.

2. Neutral

It’s possible to expect a valuations in the region of $262 - 270.

3. Bearish

It’s possible to see a gradual decrease down to $255 and a test of a local minimum of $250.

The trade in the cryptocurrency market is associated with high risks and is not suitable for every investor. The above analysis should not be considered as a recommendation or a call to action. Each trader should assess the risks for themselves. Both the author and Insider.pro are not liable for the potential losses incurred.

By Yana Sher

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