Full-time trader âĸ 21 yrs âĸ OS = Trading Alphas NEW financial intelligence operating system & network. See Trading Alpha reply to my posts for more details.
$ETH đĨ
Afternoon Ethereum technical update:
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(4h Time frame) : ETH has hit our yellow zone resistance, and price action is telling us we need to take caution in the short term. We printed a topping signal, so that needs to be evaluated.
There was heads up that this would happen on both BTC as I mentioned with the bearish Phantom divergence before the correction, and also here on ETH as you see the red div reading before the T printed at resistance. But what now? đ
We need to monitor the yellow line support line for further potential weakness that could gain momentum. I've shared my stop loss suggestions with OS members.
By monitoring these lower time frames you are able to make sure you dont get caught off guard on the higher time frames. This is how you keep a REAL pulse on the market and stay ready for anything... Planning ahead...
Good thing you have me to do that for everyone! If you guys engage in comments I'll keep these posts/updates daily to ETH also.