🐳 $ETH 4-hour death cross. A few thoughts from a position-distribution perspective:
The bullish momentum histogram lasted for 27 four-hour candles, meaning buyers had the upper hand throughout that period. Now buying pressure is clearly failing to keep up. It’s below the zero line, and has weakened again before a recovery could take shape. Anyone looking to buy the dip will need to be patient.
Let’s chat in the comments.
#ETH
The bullish momentum histogram lasted for 27 four-hour candles, meaning buyers had the upper hand throughout that period. Now buying pressure is clearly failing to keep up. It’s below the zero line, and has weakened again before a recovery could take shape. Anyone looking to buy the dip will need to be patient.
Let’s chat in the comments.
#ETH