The best stance for a technical analyst is to have none bias before a major news. The hard fork was such event that could present big surprises. Fortunately two days after the hard fork the facts shown on the chart are quite bullish . First we have a clear ABC pattern as correction since June 16 and second the price is forming an accelerating up trend. How high the price might go? If the resistance at $16 level is broken then we can expect a test of the historical top. If the trend keeps the recent momentum this scenario might unfold within several weeks. A breach below 10.92 will neglect the scenario for a sharp rise and I will have to reassess the situation.
https://www.tradingview.com/chart/ETHUSD/JMsgLAqo-Ether-is-bullish-again/
Congratulations @ivogruev! You have received a personal award!
Click on the badge to view your own Board of Honor on SteemitBoard.
For more information about this award, click here
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @ivogruev! You have received a personal award!
Click on the badge to view your Board of Honor.
Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Quarter Finals - Day 2
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @ivogruev! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit