#ETH #EHEREUM 1H ANALYSIS
We clearly see a five-wave chart, but we don't know if this structure is wave 1 of an impulse move or A wave of a zigzag, so we have to wait for the completion of the moves ahead.
If the price decline after the end of wave 2 or B is severe and leads to breaking the $1,200 support, then we are most likely in wave 3, but if the price slowly enters the $1,400-$1,200 range and fails to break the $1,200 support , then we have most likely completed the zigzag pattern.
If the price decline after the end of wave 2 or B is severe and leads to breaking the $1,200 support, then we are most likely in wave 3, but if the price slowly enters the $1,400-$1,200 range and fails to break the $1,200 support , then we have most likely completed the zigzag pattern.
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