TheCryptagon

TheCryptagon

USDCAD is trading inside a Triangle with the price rising after it last hit the pattern's bottom (Rising Support). It has failed to close over Fibonacci 0.618 on six straight days. This failure is a technical sign of trend weakness, very much alike the struggle on Fibonacci 0.618 last December. Sell and target the Rising Support again at 1.33550. Previous...

TheCryptagon

The WTI Crude Oil is on the 1day MA100, a level that was formerly a Resistance since deep into 2022. This is the first time it is being tested as a Support in such a long time. Holding it will retest the 1day MA200. If it breaks along with the 1day MA50, target the Rising Support at 70.00. Previous chart: Follow us, like the idea and leave a comment below!!

TheCryptagon

Nasdaq may be inside a long term Channel Up but for the whole month of April has been trading inside a Channel Down. That is the same pattern that was formed after the February 2nd top. The price hasn't touched the 1day MA50 since March 15th but is approaching it. We expect the bottom to take place a little under it. Buy after closing under the 1day MA50 while...

TheCryptagon

GBPJPY crossed under the 4hour MA50 for the second time in 4 days. Based on the 4hour RSI, it is similar to the February 28th top inside the long term Channel Up. Sell and target 164.250, potentially a contact with the 4hour MA200. Previous chart: Follow us, like the idea and leave a comment below!!

TheCryptagon

Gold/ XAUUSD is trading inside a Channel Up with the price near its bottom. It is the closest it has been to the 4hour MA200 since March 10th. If the 4hour MA200 breaks, sell and target the 1day MA50 at 1935. If the price crosses over the dashed Channel Down, buy and target the top of the Channel at 2070. Previous chart: Follow us, like the idea and...

TheCryptagon

The S&P500 is testing the Rising Support of the Channel Up pattern. It is doing so inside a dashed Channel Down, which can also be a Bull Flag. As long as the price closes over the Rising Support, buy and target 4215 (Fibonacci 1.5). If it closes under it, sell and target 4050 (4hour MA200). Previous chart: Follow us, like the idea and leave a comment below!!

TheCryptagon

LYXEUSD/ LUKSO made a Higher High on the 10 month Channel Up and should pullback to at least the 1day MA50. As the 1day RSI got rejected on the absolute Resistance, the pullback can be even stronger as low as -50% and the bottom of the Channel Up. Sell the current price action and buy on the 1day MA200. Target 21.000. Follow us, like the idea and leave a...

TheCryptagon

USDJPY is forming a Head and Shoulders pattern right on the 0.618 Fibonacci level. That, along with the 1day MA200 which had the last major rejection (March 8th) are the ideal sell entries. Target Support A (129.700) on the short term. The long term target can be much greater. Previous chart: Follow us, like the idea and leave a comment below!!

TheCryptagon

Dow Jones is under the 4hour MA50 for a whole day but still inside both the short and medium term Channel Up patterns. As long as they hold, the trend remains bullish and we are targeting 34375. If the price crosses above Resistance A, extend buying to Resistance B (34900). There is a probabilitiy for one last pull-back to the Rising Support around 33300 if the...

TheCryptagon

DAX is trading inside a Channel Up for the whole month of April. Until it breaks, scalp the whole range of the Bollinger Bands. If the price crosses over it, buy and target the All Time Highs of 2021 at 16300. If it crosses under it and more specifically the 4hour MA100, sell and target the 4hour MA200 at 15500. Previous chart: Follow us, like the idea...

TheCryptagon

Bitcoin/ BTCUSD maintains not only the wider/ long term Channel Up but also the short term with the dotted lines. As long as it holds it, target 32000 by the end of the month. If the short term Channel fails, we expect a stronger pull back first to the 1day MA50 and then the 1day MA100 and the bottom of the long term Channel Up at 25800. That will be an even...

TheCryptagon

The EURUSD pair is on a Channel Up inside a larger Channel Up pattern. The 1day MA50 has just started rising for the first time since February 17th. As long as the short term Channel Up (dots) holds, target 1.11850 (Resistance A). If it breaks, aim for Support B and buy again, with a target even higher this time at 1.13350 (+7.85% rise such as the first leg of...

TheCryptagon

GBPUSD is approaching Support A (1.2345). Buy if it holds and target Resistance A (1.2550), sell if it closes the candle under it and target Support B (1.2275). On Support B buy again (as long as it holds) and target the 1day MA50 (expected target 1.2400). The RSI hit the bottom of its Channel, indicating that there are high probabilities of Support A...

TheCryptagon

Gold/ XAUUSD has many puzzled today with its strong decline, however the long term trend is unchanged inside the large Channel Up. The shorter Channel Up, according to the 1day RSI also, resembles the pattern of November/December 2022. Both formed after a +10.50% price increase. The latter went on to complete a +21.20% rally from the Double Bottom (another shared...

TheCryptagon

Nasdaq is on a long term Channel Up but currently on a short term Channel Down. If the latter continues to replicate the February Channel Down, Nasdaq can dip as low as 12400. If the price crosses over the recent 13250 High, then the above is invalidated. In both cases buy and target 14000. Follow us, like the idea and leave a comment below!!

TheCryptagon

The WTI Crude Oil is being rejected today on the 1day MA200, the longest Resistance MA technically. This rejection is also taking place on Resistance A (83.40), the December 1st top. The structural top inside the Channel Down has been the same on every occassion. When the now overbought 1day RSI crosses under the MA trendline, the sell will be...

TheCryptagon

Dow Jones is pulling back to the 1day MA50, which is headed to the bottom of the Channel. You can sell the distance but focus more on buying as close to 33100 as possible and this is the neckline of the Inverse Head and Shoulders pattern. Target 34500 (Resistance Zone A). Can be viewed as the inverted structure of December 15th - February 15th. Previous...

TheCryptagon

S&P500 is inside a Channel Up, similar to January, both within the great Channel of December. As long as the 4hour MA100 holds, target 4250 (under the large Channel Up top). If the 4hour MA100 breaks and makes a daily close under it, sell and target 3920 (over Support A). Previous chart: Follow us, like the idea and leave a comment below!!