jalapablo

Ethereum Rising Wedge

Short
COINBASE:ETHUSD   Ethereum
Ascending wedge pattern emerging for ETH, which coincides nicely with the VSA (volume spread) reads I've been getting for the last two weeks when analyzing this coin. As usual, rarely do we see a direct pullback or rally when these biases have been identified; that would be too easy. Instead count on ETH continuing to draw bull investors and pump riders into the game via microrallies, with the intention of trapping them within this geometric pattern when the supply floor suddenly gives way on the cusp of another so-called rally. The same will happen with MATIC, we must be careful in this market. The crypto ocean is teeming with sharks.

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**Not financial advice. Always DYOR and trade at your own risk.

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