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Post-Price Crash ETH USD Price Movement

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The purpose of this publication is to determine the potential ETH USD price movement post the mid-May crash based on an examination of similar situations in ETH USD history. From May 9-13, 2021, the green exponential moving average (EMA), red stochastic relative strength index (sRSI), and blue least squared moving average (LSMA) peaked at 103.73, 102.09, and 99.12, respectively. Over the next 12 days (May 11-May 23, 2021), the green EMA, red sRSI, and blue LSMA descended to a low of 9.58, 23.92, and 38.02, respectively. Over that same 12 day time period the ETH USD price decreased by greater than 60%.

From late August to mid-September 2017, the green EMA, red sRSI, and blue LSMA peaked at 99.60, 99.21, and 97.15, respectively. Over 14 days (August 31-September 14, 2017), the green EMA, red sRSI, and blue LSMA descended to a low of 6.97, 24.10, and 35.98, respectively. Over that same 14 day time period, the ETH USD price decreased by greater than 49%. How did ETH USD respond to the bottoming out of the Phoenix Ascending indicators and price crash? Over the next 121 days (September 14, 2017-January 13, 2018), ETH went on an epic run. The ETH USD price increased by greater than 606% during that 121 day period.

From late July to mid-August 2019, the green EMA, red sRSI, and blue LSMA peaked at 97.97, 87.26, and 81.50, respectively. Over 50 days (June 26-August 15, 2019), the green EMA, red sRSI, and blue LSMA descended to a low of 10.13, 17.26, and 14.24, respectively. Over that same 50 day time period, the ETH USD price decreased by greater than 52%. How did ETH USD respond to the bottoming out of the Phoenix Ascending indicators and price crash? ETH USD made a modest and rather shaky recovery. However, 34 days after the price bottom, ETH USD price was 62% that of the wick high of $361 on June 26, 2019.

In mid-February to mid-March 2020, the green EMA, red sRSI, and blue LSMA peaked at 104.13, 115.24, and 101.26, respectively. Over the next 28 days (February 14-March 13, 2020), the green EMA, red sRSI, and blue LSMA descended to a low of -2.78, 9.98, and 9.99, respectively. Over that same 28 day time period the ETH USD price decreased by greater than 69%. How did ETH USD respond to the bottoming out of the Phoenix Ascending indicators and price crash? Over the next 48 days (March 13-April 30, 2020), the ETH USD price increased by greater than 150%.

How might the ETH USD price respond to the mid-May 2021 crash? Will it respond, like in 2017, with an long, extended, epic rally? Will it respond, like in 2019, with a modest, shaky recovery? Will it respond, like in 2020, with a fairly strong recovery?

Time and the Phoenix Ascending indicators will tell.

This is not financial advice. I am not your financial advisor. This is my opinion.