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jalapablo
Dec 5, 2022 2:42 PM

Ethereum: Wyckoff/VSA Ascending Wedge Short

Ether / United States DollarCoinbase

Description

A bearish ascending wedge has emerged in ETH, reaching back up to the already-mitigated liquidity void hovering between 1300-1350K. Look for a decisive retracement in price if this void is touched again, as this is the sell order block MMs are dropping their supply at profit. The underlying Fibonacci retracement zones can either be used for shorts for bear investors, or DCA points for bulls.

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Comments
Tradersweekly
Thank you for your contribution to the community.
SwallowPremium
This scenario is definitely possible, amazing job!
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