TheCryptagon

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...

TheCryptagon

Meta Platforms / META is having a strong rebound off the 4hour MA200. A potential Wedge pattern attracts comparisons with the consolidation after the COVID recovery in 2020 and Trade Wars in 2019. Even in the event of a break out above the top of the Wedge, the price touched in both occasions the 1day MA200 before resuming the rally. Be ready to sell in around...

TheCryptagon

Ok the title may be catchy but how far is that statement from the truth? This chart shows the astonishing correlation in terms of symmetry that Bitcoin / BTCUSD Cycles have with each other. The classification is made based on the Halving events. After the bottom of the Bear Phase, the Consolidation Phase starts and ends on the Halving. Then the Bull Phase...

TheCryptagon

Gold / XAUUSD is consolidating on a Falling Support, while the 4hour RSI is on a Rising one. This is a Bullish Divergence, the kind we saw in August 17th-21st. That was a short term bottom and once the 4hour MA50 broke, a rally to Fibonacci 0.618 was initiated. Wait for it to break again and buy, aiming at 1896 (Fibonacci 0.618), or adjust if the price makes a...

TheCryptagon

NVDIA is making the 2nd test of the 1day MA50 today under a 1day MACD Bullish Cross, the first formed that low since January 10th 2023. We have used this Fibonacci Channel for our previous trade (chart at the bottom) and we will stick to that, as the price is rising after a Higher Low. We may see a diverging Channel Up however, keep that in mind. Once the price...

TheCryptagon

Cardano / ADAUSD is trading over the 1day MA50 in the past 5 days. The pattern on the 1day time frame is a Triangle, with Support A (0.23500) holding on three different occasions and the next obstacle to overcome being the Falling Resistance (top) of the Triangle. Right now as long as the MA50 holds, you can target 0.28855 (Fibonacci 0.236). If the Falling...

TheCryptagon

HEXUSD is testing a double Resistance level, the Falling Resistance since May 16th and the 1day MA50. The latter hasn't been broken since July 30th. With the 1day RSI though on a Bullish Divergence, it is more likely to see it break. In that case, we expect the price to rise aggressively. Buy a 1day MA50 break out and target 0.006650 (under Fibonacci...

TheCryptagon

NZDUSD is trading inside a Channel Down throughout the whole year. The 1day RSI is on an uptrend, the same kind on the prior two bullish legs that both hit at least the 0.618 Fibonacci level. With the 1day MA50 already broken, buy and target 0.61150 (Fib 0.618). Previous chart: Follow us, like the idea and leave a comment below!!

TheCryptagon

Swissborg / CHSUSD closed last week over the Bear Cycle's Falling Resistance, ending officially more than 2 years of downtrend. Today it hit the 1W MA50 for the first time since December 6th 2021. It hasn't closed a 1week candle over it since November 15th 2021. As you realize, a 2nd consecutive buy signal like this will be what the market needs to start...

TheCryptagon

Microsoft / MSFT found support at 309.50, more or less where the August 18th low was priced, and put the Channel Down pattern on hold. It is quite possible for a Rectangle to emerge as a hold of Support A (309.50) would potentially mean a test of Resistance A (341.10). The 4hour MACD forming a Bullish Cross, certainly leads towards that direction. As long as...

TheCryptagon

WTI Crude Oil has been correcting, more aggressively than most thought after a High outside of the Channel Up. It is already under the 4hour MA50 and MA100 and is aiming for the Channel's bottom below the MA200 at 86.00. You can sell on the current market price and pursue this target. If the 1day MA50 and bottom hold there, buy and target Resistance A...

TheCryptagon

Alphabet Inc / GOOG is trading inside the well known Channel Up pattern from the bottom of the Bear Cycle and has established itself over the 1day MA50. The 1day MA100 held the recent correction as it has been doing since March 15th. The final box to check will be a 1day MACD Bullish Cross. Buy and target a new All Time High at 155. Previous chart: ...

TheCryptagon

The S&P500 index / US500 is testing the Rising Support of Higher Lows this week, stemming directly from the bottom of the 2022 correction. A symmetric Support is just underneath and this pattern has various (dashed or bold) stemming from the Bear Cycle. What many may fail to see though is a giant Inverse Head and Shoulders pattern that is forming the Right...

TheCryptagon

Polygon / MATICUSD is rallying off a Double Bottom but still remains inside a giant Falling Wedge pattern. Double Bottoms are generally how big rallies start and this may be no different. Especially since the 1day RSI is on a Bullish Divergence. This can break the Falling Wedge to the upside. Buy only after the break out and target the Fibonacci 2.0 level at...

TheCryptagon

It is no secret that Bitcoin / BTCUSD has been rising parabolically since day one. Traders still debate whether it is going to the "moon" or "zero". Can we at least agree that we are past the Cycle's bottom? This was priced on Fib 0.5 and based on this 1W chart in front of you, every bottom is priced a Fib level higher. Which is logical since the parabolic...

TheCryptagon

Nasdaq / US100 is consolidating around the 4hour MA50. It is a similar Cup and Handle pattern with August 24th. Buy and target 15050 (4hour MA200). Then wait for a 1day pull back. Re-buy and target 15330 (Fibonacci 0.382) under the Falling Resistance. RSI patterns identical, both showing we are in the phase of the 4hour MA50 consolidation. Previous chart: ...

TheCryptagon

EURUSD is extending the Channel Down pattern. It has been doing nothing short of declining since the July 18th High. Based on a 4hour RSI sequence of Cup and Handles, today's decline will price a Lower Low for the Channel Down towards the 1.382 Fibonacci extension. That will be your buy opportunity to target the 4hour MA50 at 1.05500. Previous chart: ...

TheCryptagon

Amazon / AMZN has paused the aggressive rally since the start of the year and is testing the 1week MA100 as Support. Being around the 0.618 Fibonacci level, a similar pattern where the 1week MA100 was supporting, emerged in 2007 and 2009. You can see that it is the same sharp recovery formation, which after an aggressive rise, it accumulated on the 1week MA100...