TheCryptagon

TheCryptagon

EURCHF is on its 1day MA50, trading inside a Channel Down pattern. That is a Lower High with a maximum extension going as high as the 1day MA200. Sell now and target 0.95500. If you take the additional sell on the 1day MA200, target Support A at 0.964500. Follow us, like the idea and leave a comment below!!

TheCryptagon

EURJPY is rising aggressively since the last touch on the 1day MA50 on April 6th. The long term pattern is a Channel Up since March 7th 2022. The 1day RSI is extremely overbought at 77.00, the highest it has been since June 8th 2022. Buy and target 158.000 and then sell targeting the 1day MA200 at 148.000. Follow us, like the idea and leave a comment below!!

TheCryptagon

WTI Crude Oil / USOIL is rising inside the short term Channel Up after a Double Bottom. The long term trend remains bearish inside a multimonth Channel Down. The 1day RSI is showing the same bullish divergence (Channel Up) as in December- January that led to a Lower High rejection. Buy on the short term and target the 1day MA100 at 74.00 and then sell and...

TheCryptagon

The KuCoin Token / KCSUSDT is on an incredibly bullish 1day candle today. The price is rebounding after the 1day RSI dropped below the insanely oversold limit of 15.00 on Sunday. The first target of this first bullish wave is the Falling Resistance and Resistance A cluster at 7.500. After it breaks above the 1day MA100 as well, buy again and target all...

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DAX is on the 4th green 1day candle in a row, extending the spot on buy entry we gave 2 weeks ago exactly at the bottom. The 1day RSI is on balance bullish levels (62.31) and shows still upside potential while there is still room left before the Channel Up makes a Higher High. That will be at a +6.30% rise from the Low, as previously taken place. Target remains...

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Nasdaq / US100 is approaching today Resistance A (15280), which is the High of March 2022. The pace of the rally since the start of the year has been so strong, in fact since the week of April 24th the index has posted only green weekly candles (8 today), that the 1week RSI reached a level (76.75) it last hit almost 2 years ago (on August 24th 2020). In the last...

TheCryptagon

Dow Jones/ US30 hit yesterday Resistance A (34260) but closed the candle under it. If it closes over it, especially if the Fed assists with favorable news today, buy and target Resistance B at 34900. Until it closes over it, a rejection is equally possible, with the 1day MA50 being the lowest buy entry in the event of a pull back. The 1day MACD is still on a...

TheCryptagon

The Binance Coin / BNBUSD had a week of enormous selling pressure last week, touching on Monday Support A (220.00), that was formed on the December 17th Low. This is a strong long term buy opportunity. Target initially Resistance A at 318.00 and by the end of August Resistance B at 350.00. As shown, the primary pattern is a Rectangle. If the price closes under...

TheCryptagon

EURUSD is trading inside a Channel Up pattern since the May 14th bottom. Yesterday it formed the first 4hour MA50-100 Bull Cross since March 14th. That was during the previous long term bottom formation. The price is close to testing the 4hour MA200 for the first time in over 1 month. If the candle closes over it, buy the breakout and target 1.0900 near...

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Gold / XAUUSD has almost completed 1 month trapped by 1day candle closings inside the 1day MA50 and 1day MA100. The 1day MA100 in particular has served as the long term Support inside the wider Channel Up pattern since November 10th 2022. Apart from scalping the MA50-100 range, take advantage of the breakouts on the long term. Buy after a closing over the 1day...

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Cosmos / ATOMUSD is rebounding after almost reaching the bottom of the long term Channel Up. This rebound is being fuelled by an enormously oversold 1day RSI. Buy and target the 1day MA50 and dashed trendline at 10.00 short term. If the price closes over Resistance A (11.00), buy again and target Resistance B (13.00) on the medium term. Follow us, like the...

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The S&P500 index / US500 is extending the uptrend after crossing today over the 4330 Resistance of August 16th 2022. The May Channel Up pattern may be transitioning to a more aggressive June Channel Up pattern supported by the 4hour MA50. Our long term target is still a +8.90% rise from the last bottom on March 13th but are slightly downgrading it to 4390. The...

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NZDUSD is trading inside a Channel Down for the whole year and today completed a 1day MACD Bullish Cross. A cross over the 1W MA50 is the final validation of this buy structure. Buy and target at least the 0.618 Fibonacci level at 0.62325. Follow us, like the idea and leave a comment below!!

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The US Dollar Index / DXY is pulling back after the rejection on the Falling Resistance. The completion of a 1day MACD Bearish Cross yesterday is enhancing the rejection with a stronger sell signal as on March 10th. Sell and target Support A at 101.000. If however a 1day candle closes over the Falling Resistance, buy on the short term and target the 1day MA200...

TheCryptagon

WTI Crude Oil was rejected last time on the 1day MA50. The current rise is aiming at the 1day MA100. Be ready to open a sell there. Target the Rising Support at 67.50. The 1day RSI Sell Cross/ Buy Cross alternation draws similarities with January where a 1day MA100 rejection also took place after. Previous chart: Follow us, like the idea and leave a...

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STXUSD / Stacks crossed yesterday over the 2.5 month Channel Down and today over the 1day MA50 for the first time since April 14th. This is second buy signal after the rebound 2 days ago on the 1day MA200. Buy and target Resistance A at 0.82000. If the price then closes a 1day candle above Resistance A and pulls back near the 1day MA50, buy again and target...

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DAX is holding the 1day MA50 Support for the 5th candle in a row. This keeps the Channel Up intact, with the price near its bottom. The 1day RSI is on a consolidation under the MA trendline same with late March. That was the same price consolidation after a Channel Up bottom. The price rallied by +6.34% from that level. Buy and target 16600. If the 1day candle...

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Nasdaq got rejected near the top of the 6 month Channel Up. The narrower Channel Up however made an exact Higher High and the rejection today is a natural technical consequence. This is most likely starting the 3rd correction wave. Each wave has been less aggressive than the previous. The breaking under the 4hour MA50 is the sell confirmation. Target the...