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 ???
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