TheCryptagon

TheCryptagon

The EURUSD pair hit the 1.06350 Support A, which is the Low of May 31st. Today that was followed with a minor rise, so as long as it holds, that's a Double Bottom and a buy signal. Buy and target the Channel Down's top at 1.07450. If the price crosses over 1.07855 (Fibonacci 0.236), buy again and target 1.08550. If on the contrary we get a 1day candle closing...

TheCryptagon

The USDCAD pair is making the initial rebound attempt after a Double Bottom on Support A (1.34875). The 1day RSI made a Lower Low on the Channel Down bottom, which is an additional buy indicator. Buy and target 1.36100, which is a little under the 0.618 Fibonacci level. Previous chart: Follow us, like the idea and leave a comment below!!

TheCryptagon

The GBPJPY pair is trading inside a Channel Down with the price currently under its middle. It appears that there is an internal Falling Support holding the Lower Lows since August 25th. Considering that the 1H RSI is oversold, this emerges as the ideal setting for a new buy. Buy now and target the Falling Resistance at 184.250. Previous chart: Follow...

TheCryptagon

USDJPY is trading inside a Channel Up for almost a month. It priced the last Higher Low on September 11th and now has established the price action over the 4hour MA50. All Higher Lows have been met with a 4hour MACD Bullish Cross. As a result this is an extension of the bullish Channel Up wave. Buy and target 148.500 (+1.79% rise as the wave prior). Previous...

TheCryptagon

Gold / XAUUSD remains under the 1hour MA50, inside a short term Channel Down (started September 11th) within a longer term Channel Down (started September 1st). As long as it remains under, the action is bearish. Sell and target 1893.50 (bottom of the long term Channel Down and -1.95% decline from the top, same as the September 6th Low. If a 1hour candle closes...

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Silver / XAGUSD is trading near the bottom of 15 month Channel Up with the 1day MA50 and MA200 on a parallel move. The 1day RSI is on a Channel Up / Bullish divergence since May 25th and it is much like the bottom trade at the start of the Channel Up. Buy and target 25.900 (bottom of Resistance A). Previous chart: Follow us, like the idea and leave a...

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USDCHF is trading inside a Channel Up since the start of August. At the moment the price is supported by the 4hour MA50. The 4hour RSI indicates that we may be replicating a consolidation pattern much like August's. You can scalp the 0.88950 - 0.89775 range as the upper limit in August was the 1.618 Fibonacci extension. Follow us, like the idea and leave a...

TheCryptagon

Nasdaq / US100 continues to trade inside the Channel Up from the start of the year. It has one last Resistance to cross and that is the Falling Resistance of the July 19th High. As mentioned previously, this continues to be an identical price action to February / March. You may take a confirmed sell, once the Falling Resistance breaks and target 16250...

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DAX / Germany 40 is technically stuck inside the 1day MA200 (support) and 1day MA50 (resistance). Friday's bullish reversal to close the 1day candle flat, paved the wave for today's green candle. Following August's 18th Double Bottom that started the Rising Support (that has closed all candles over it), we expect a continuation of this rise, at least on the...

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S&P500 / US500 is trading sideways as it attempts to form a bottom on the Rising Support of the Rising Wedge pattern. The 4hour RSI rebounded from the oversold territory as on the August 18th bottom. Every Higher High on the Wedge's top was a Fibonacci 1.618 extension from the previous one. Buy now and target 4598 (Resistance B), which is slightly under the...

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Dow Jones / US30 has formed the 2nd leg of the bottom sequence on the Rising Support and the 0.236 Fibonacci level at the bottom of the Channel Up. This is a similar formation to May, also on a Rising Support. Once the Falling Resistance broke, the price almost reached the 0.786 Fibonacci level, before making a Higher High. The CCI between the two patterns is...

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Bitcoin / BTCUSD has been consolidating since the Greyscale pump. The pre pump Support is still holding and the Fibonacci retracement levels offer a strong sense of the Resistance levels. The 1hour RSI displays the same Bullish Divergence on a Rising Support as the pre Greyscale pump. Buy when the price crosses over the 1hour MA200 and target 28000. Follow...

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WTI Crude Oil / USOIL has made a Double Top on the 88.00 mark and crossed today under the Channel Up that was in effect for 2 weeks. The current 4hour MACD and RSI pattern looks like the reversal sequence of August 10th. The decline that followed targeted the 4hour MA200. Sell now and target 82.80 (Fibonacci 0.5 as well as potential contact with the 4hour...

TheCryptagon

EURUSD made a double touch at the bottom of the Channel Down. Every previous test of this trend-line has been a buy opportunity. This time there is even a strong Bullish Divergence on the 4hour RSI, same as on the July 28th Low. Buy and target 1.08400 (+1.43% rise and possible contact with the 4hour MA200). Follow us, like the idea and leave a comment below!!

TheCryptagon

Gold / XAUUSD is trading inside a Channel Down pattern since the start of the month. Today it hit the 1hour MA50 for the first time since Sep 4th and got rejected again. As long as the price is inside the Channel Down, sell and target 1910 (-0.72% decline). If it crosses above Fibonacci 0.236, buy and target 1933 (1hour MA200 and Fibonacci 0.5). Observation 1....

TheCryptagon

NASDAQ / US100 finished forming a Golden Cross on the 4hour time frame yesterday, the first such pattern since March 22nd. This is a standard technical bullish signal and as long as the 1day RSI stays over its MA, you can remain bullish. Target 16250, which is the Fibonacci 1.236 extension. Follow us, like the idea and leave a comment below!!

TheCryptagon

WTI Crude Oil / USOIL is trading inside a Channel Up with the price reaching its top. The Higher Highs trend line is technically the lowest risk sell entry, as long as it holds. Every pull back inside this formation has been at least -4%. Sell, aiming for a similar decline, targeting 81.20. Follow us, like the idea and leave a comment below!!

TheCryptagon

Gold / XAUUSD completed today the first 4hour Death Cross since May 19th and the second since February 13th. In both cases, this formation made a Lower Low, while also the 4hour RSI was trading inside a Channel Down. Sell and target 1900 (over Support A). Follow us, like the idea and leave a comment below!!