Critical Weekly Close: Top Patterns and Market Divergence to Watch... #ETH hit $4500 .. Surely will hit our target soon
The weekly chart has officially closed, and this week marks a critical turning point for the market. If the top formation is confirmed, we might not see a minor drop—this could lead to a deeper pullback. The presence of double divergence at new highs is a key signal to watch, as small divergences often escalate into larger moves, triggering significant corrections. The real question remains: how severe could the cycle of this retracement be?
In volatile markets, opportunities arise during moments of panic. The best buying opportunities often emerge when fear dominates, while the ideal selling points typically occur during euphoric peaks. Even without diving into complex technical theories, it’s essential to track market divergences:
Top Divergence at new highs indicates a potential reversal or correction.
Bottom Divergence at new lows signals a potential rebound or recovery.
By paying attention to these signals, you can avoid being misled by market sentiment and emotional swings. Remember, staying calm and recognizing divergence patterns will give you a clear edge when navigating volatile price movements. Focus on the bigger picture and let the market confirm its direction before making decisive moves.
