Following the strategy that crypto prices tend to retrace to pre-spike levels before consolidating or going on another run.
Normally I would say that the buy-in price point (on chart) would be the point that we'd start to see consolidation and a slow rise in value. But there's a lot of hype for a "big" announcement on the 19th, which will likely see large a large pump in the price.
Another thing to consider is that the EMC2 network hash rate is in a slow decline since the spike on the 6th as well. If it follows its current rate of inverse exponential decline, it should be to pre 12/6 levels by the 18th as well.
Normally I would say that the buy-in price point (on chart) would be the point that we'd start to see consolidation and a slow rise in value. But there's a lot of hype for a "big" announcement on the 19th, which will likely see large a large pump in the price.
Another thing to consider is that the EMC2 network hash rate is in a slow decline since the spike on the 6th as well. If it follows its current rate of inverse exponential decline, it should be to pre 12/6 levels by the 18th as well.