Bitcoin and altcoins are green on Tuesday as buyers are controlling the markets. Cryptos are trying to return their positions that they have lost during the past week. There are no important events for this and the growth is likely to be a part of an upside correction.
As for interesting news, cryptocurrencies are accepted in Russia during FIFA 2018 World Cup. One cannot buy tickets directly, but crypto users may choose several methods including banking cards like Wirex or Epayments to purchase anything.
After the US has declared sanction against Russia, Mastercard and Visa have stopped working with some Russian banks. Cryptos help visitors and football fans pay for goods and services.
EOS still suffers from different issues. The Mainnet is down and nobody knows when the issue will be fixed.
Bitcoin (BTC/USD) Price analysis, June 19
Bitcoin has added nearly four percent in the past 24 hours. The currency pair established new tops on Tuesday as it followed the green scenario from our latest BTC/USD price analysis. Bitcoin forms a kind of a flag pattern in the moment of writing meaning the currency pair is able to develop its upside progress on Tuesday.
Let’s see closer what is going on the hourly chart. Bitcoin has reached $6,718 resistance area on Monday and tested it several times. The currency pair fluctuates close to this level in the moment of writing. There was a fake breakout, but the price returned below the resistance area. The possible ways for BTC/USD are the following:
- Red scenario (bearish). The currency pair will reach the support area at $6,510 and jump over it targeting the next support at 3.618 retracement level.
- Orange scenario (neutral). Bitcoin will stay within the current price range, limited by the resistance area at $6,718 and the support area at $6,510.
- Green scenario (bullish). BTC/USD will test the resistance area at $6,718 again and jump over it, targeting the next resistance area at $6,943.
Ethereum (ETH/USD) Price analysis, June 19
Ethereum has added more than four percent in the past 24 hours. The currency pair managed to establish new highs on Monday. ETH/USD forms a flag pattern currently meaning the currency pair has potential to develop its growth on Tuesday.
Ethereum seems to finally find support and looks promising in the moment of writing. However, let’s see closer what is going on the hourly chart. ETH price has followed green scenario from our latest ETH/USD review but failed to reach the next resistance area at $540.69. The possible ways for ETH/USD are the following:
- Red scenario (bearish). Ethereum will reach the support area at $500.36 to test it. If successful, sellers will be able to push the currency pair lower, targeting the next support at $473.39.
- Orange scenario (neutral). ETH/USD will stay within the current price range between the resistance area at $540.69 and the support at $500.36.
- Green scenario (bullish). The currency pair will test the resistance at $540.69 and if successful, buyers will be able to drive Ethereum higher, aiming at $566.90.
Ripple (XRP/USD) Price analysis, June 19
The currency pair has added more than two percent in the past 24 hours. Ripple reached new tops on Monday. XRP/USD has potential to develop its upside correction in the nearest future. The currency pair seems to form a flag pattern on the hourly chart.
Ripple has found support at $0.5088 support area. The currency pair moved higher on Monday and tested the resistance area at $0.5444 but failed to jump over it. There was a fake breakout, but XRP/USD retreated from this area later is fluctuated below it. The possible ways for XRP/USD are the following:
- Red scenario (bearish). The currency pair will test the support area at $0.5088 and is successful, XRP price will run lower.
- Orange scenario (neutral). XRP/USD will stay within that current range, limited by the resistance area at $0.5444 and the support at $0.5088.
- Green scenario (bullish). Ripple will break through the resistance area at $0.5444 and move higher, targeting the next resistance at $0.5643.
EOS (EOS/USD) Price analysis, June 19
The currency pair had a more than three percent growth on Monday. However, EOS still remain flat as there is no clear direction on the hourly chart. The price is consolidating for several days already due to the issues with Mainnet as investors and traders are unable to make any decision.
When we look closer at the hourly chart, we can see that EOS tried to cross the resistance area at $10.54 but failed to complete this task and retreated. The currency pair fluctuates below this area in the moment of writing. The possible ways for EOS/USD are the following:
- Red scenario (bearish). EOS will test the support area at $9.91 and if successful, sellers will have an opportunity to push the currency pair lower, targeting the next support at $9.31.
- Orange scenario (neutral). The currency pair will stay within the current range between the resistance at $10.54 and the support at $9.91.
- Green scenario (bullish). EOS/USD will test the resistance at $10.54 and if successful, buyers will be able to drive the currency pair towards $11.41.
NEM (XEM/USD) Price analysis, June 19
The currency pair added more than one percent in the past 24 hours, but the general picture on the hourly chart shows that there is no tendency currently and XEM/USD is consolidating. This consolidation may be the beginning of something huge and interesting.
The currency pair has reached the resistance area at $0.2002 on Monday and tried to cross it, but failed and retreated later. However, bulls are still in control as the price is close to this resistance area. It seems like buyers will test it in the nearest future. The possible ways for XEM/USD are the following:
- Red scenario (bearish). The currency pair will test the support area at $0.1873 and if successful, the sellers will push it lower.
- Orange scenario (neutral). XEM/USD will stay between the resistance area at $0.2002 and the support at $0.1873.
- Green scenario (bullish). NEM will jump over the resistance area at $0.2002 and move higher targeting the next resistance at $0.2121.
Tomiwabold Olajide
Godfrey Benjamin
Arman Shirinyan
