Bearish Signals On the 4H Chart — Small Correction Incoming?

Overall, the momentum is incredible at the moment, and we have seen a green market for four days in a row.

However, when looking at the trade signals on the 4H chart, the number of sell signals is steadily increasing. Most of the signals are based on overbought momentum indicators.

Nevertheless, it is essential to know that:

1️⃣ The price can continue to rise (even for a more extended period) although momentum indicators turned overbought.

2️⃣ We are still waiting for the official #EtheruemETF launch date — once this gets announced, the bullish momentum will definitely accelerate, regardless of overbought indicators.

Summarized: Given the current bullish market, trading short signals makes no sense. However, monitoring and incorporating this development into your trade strategies is essential!