TheCryptagon

TheCryptagon

EURUSD has been quite profitable for us as of late (see chart at the bottom) as it delivered both the sell and bottom buy we wanted. The price hit the top today and logically got rejected. There is a Rising Resistance involved on the 0.618 Fibonacci level like on the August 30 Lower High. As long as it doesn't close a 1day candle over the 0.618 Fibonacci, sell...

TheCryptagon

Bitcoin / BTCUSD remains supported by the 1week MA50 but still under the 17 month Resistance. A similar Resistance level kept the price at bay and inside the accumulation process during the previous Cycle. No candle closed over it and when it did, the parabolic rally took off. The Halving makes all the difference in Cycle dynamics, before then it is less likely...

TheCryptagon

Amgen / AMGN is having an incredible price jump on a 1day MACD Buy Cross. Inside this long term Channel Up pattern, the stock isn't unfamiliar at all with such explosive legs upwards as the same move happened in August 4th/7th/8th. It is a clear wedge consolidation into aggressive expansion pattern. All supported by the 1day MA50. It is not too late to buy and...

TheCryptagon

WEMIX is close to a 1day Golden Cross and naturally this draws some comparisons with the last 1day Golden Cross on March 7th. The price turned bearish when it closed under the 0.382 Fibonacci level. The current 0.382 Fib is around 0.9400, if crossed then sell and target the 1day MA50 at 0.85000. If the 0.236 Fib breaks first (1.07350), then target 1.32000...

TheCryptagon

Advanced Micro Devices / AMD is above the 1day MA50 testing Falling Resistance 2, which is the final Resistance level before a complete technical bullish break out. This move was generated after a textbook test and rebound on the 1day MA200, inside the Higher Lows Zone of the long term uptrend. With the 1day MACD on a Bullish Cross, if the Falling Resistance 2...

TheCryptagon

Nasdaq / US100 is about to hit our second target (chart at the end) as it is approaching the Falling Resistance. Our strategy was purely based on the identical patterns of July-August and September-October. The index is close to a 4hour MA50-100 Bullish Cross, signalling the end of this uptrend. We estimate a peak no more than 15350. If accompanied by a 4hour...

TheCryptagon

S&P500 / US500 opened lower today but managed to hold the 4hour MA50 as its Support and is having a big boost intra day. It is not impossible to see one final pull back under the 4hour MA50 again as on August 24th but it's confirmed that this new bullish leg of the Bearish Megaphone is in full motion. Buy and target 4440 (under the 0.786 Fibonacci and top of...

TheCryptagon

Gold / XAUUSD crossed today over the Falling Resistance of the Sep 20th High as well as the 4hour MA50. The 1hour MA50 has now been turned into Support and Resistance A (1880) is the first target. The next buy can be when the 1hour RSI gets oversold again under 30.00. Our target as presented on the previous analysis remains 1896 (Fibonacci 0.618...

TheCryptagon

Bitcoin / BTCUSD has drawn many comparisons with the 2014-2017 Cycle. Both Bear Cycles started while the price was still 'riding' the 1week MA50 then started a strong decline under a Falling Resistance and bottomed when the 1week RSI got oversold and started a Rising Support. Right now it is in the pre Halving phase, starting again to 'ride' the 1week MA50 on a...

TheCryptagon

Tesla / TSLA continues to trade inside the Channel Up that was initiated at the start of the year. The 1day RSI is neutral so despite the presence of the Channel's bottom, we can see a break either way. Buy only if the price closes over the Falling Resistance, which was what initiated the June / July rally last time. The longer the Falling Resistance doesn't...

TheCryptagon

Solana / SOLUSD is pulling back significantly today despite being on a bullish leg for the past 30 days. The long term pattern is a Channel Up and September's Low could be the first out of two before the price goes for a Higher High, much like the one that started after the June 10th Low. The 1day RSI patterns of January-April and so far July-now are very...

TheCryptagon

EURCHF is trading inside a Channel Down that priced the latest Lower High at 0.969650 (Resistance A). That is confirmed by the Sell Cross formation on October 5th, the highest formed since January 31st. Sell and target 0.94100 (Support A), even though we can decline a little more (-3.25% was the previous bearish leg). Previous chart: Follow us, like the...

TheCryptagon

Ethereum / ETHUSD is consolidating at the bottom of a Megaphone which was created after the bottom pricing on the Channel Down. A 1day RSI Bullish Divergence was the bullish reversal indication. You can buy on the current market price as the trend is very steady and target 1880 (top of the Channel Down and still under the 0.786 Fibonacci level). Follow us,...

TheCryptagon

Stratis / STRAXUSD hit the 1week MA200 after June 2022. That is also the top of Resistance Zone A and somewhat below Fibonacci 0.382. Technically the strongest Resistance region and what separates the Bear Cycle from the Bull. Even though the coin has long broken the Falling Resistance of the correction cycle, it is still inside the Accumulation range. Only by...

TheCryptagon

Something a little different today. Was looking a some stock ratios and decided to regress the standard Russell 2000 against the risky technology index, the Nasdaq. This RUT/NDX ratio has been inside a Channel Down since the Dotcom Bubble send it sky high, collapsing the tech sector. The Channel Down has never been broken since and made a new Low this...

TheCryptagon

Bitcoin / BTCUSD on the 1month chart has the RSI consolidating over its MA line but under a Rising Resistance. We have had the same kind of consolidation in the last two Cycles while the price was inside the Arc pattern, under the Falling Resistance of the Bear Cycle. After that broke, a Channel Up took the price to the new Bull Cycle High. By connecting each...

TheCryptagon

EURJPY is trading inside a Channel Up for the past 7 months, consolidating currently around the 1day MA50. The Channel Down on the 1day RSI hints towards a possible price pull back, the same kind that took place in November-December and June-July 2022. Both corrections touched the 1day MA200. Sell and target 152.000 (projected contact with the 1day MA200). ...

TheCryptagon

Tellor / TRBUSD is on 6 straight green 1week candles. The long term pattern is a Channel Up which has grown more than +600% since it touched its bottom. The 1week RSI is already much higher than the previous Higher High, in fact it is just under the 90.00 Resistance A, formed by the August 2020 highs. We have entered a heavy take profit zone. The previous Higher...