2021-05-03

ETH vs USD

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
WE HAVE AN EXAMPLE OF BEARISH FAILED COMPLEX PATTERN AGAINST THE TREND, AFTER RALLING FOR QUITE SOME TIME , ETHEREUM FORMED A DISTINCT BEARISH DEEP CRAB WITHIN AN ESTABLISHED UPTREND, ALTHOUGH THE PATTERN YIELDED AN INITIAL REVERSAL, THE PRICE ACTION QUICKLY REBOUNDED AND RALLIED ABOVE THE PRZ(2300-2425), THE DECISIVE BREAKOUT ABOVE THE PRIOR HARMONIC RESISTANCE ESTABLISHED BY THE PATTERN WAS THE TECHNICAL ENTRY POINT WITHIN THIS SETUP
FROM EWP PERSPECTIVE, WE SEE THE MANNER OF THIS WAVE  BELONGES THE THIRD WAVE OF THE FIFTH WITHIN THE MINUTE THIRD WAVE WHICH COULD HIT 3375 IF PRICE DOES NOT STALL AT 3100