price action on ethereum after the hardfork

in #trade-analysis8 years ago (edited)

we rallied on expectation and hope for the hardfork

we pushed above the 13.58 poc of the high volume level resistance

after that push sellers where there waiting .. its the guys who bought above 15 level trying to get out also the profit taking from the rally of the 9.32 support played a roll imo

trapped buyers will continue to sell pops on ethereum in the nearterm future imo

but the 18.62 level is an untouched poc from after the hack and could be tested on a longer term basis as long as the 9.32 dollar support holds ofcourse below that we should head back to support on the breakoutpoint around the 6dollar level if that breaks then its back to dolla