speedryans

ETH - Adjusting to unseen levels

Long
POLONIEX:ETHUSD   Ethereum
After huge moves, ETH price needs to adjust to the new normal.


A)

Adjust to $15 ETH (355 days)
- a 60% dip
- Immediate "V" or "U" shape recovery
- 350 days of sideways and bleed
- brutal Oct-Dec, final capitulation down -50% below $7
- Then blast off


B)

Adjust to $400 ETH (147 days)
- a 60% dip
- Immediate "V" or "U" shape recovery
- Sideways, then rising wedge breakout
- Then blast off


C)

Adjust to $1400 ETH (Fail)
- a 75% dip
- Relief rally only to $800, no full V shape
- Failed blast off, 2 year Bear market


D)

Adjust to $4000 ( ??? )
- a 60% dip
- Immediate "V" or "U" shape recovery
- Sideways
- Rising wedge... or beware of a final capitulation ???
- Blast off ???



Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.