TheCryptagon

TheCryptagon

The 1day MA50 is approaching DAX for the first time in 2 months. This is the first Support on every long term uptrend. Support A is at 15000 and can be hit on a wick to provide the bounce DAX needs. Our Target 1 is Resistance A (15660) and long term its All Time High on Resistance B (16300). The 1day RSI is well supported on its 5 month Rising Support, meaning...

TheCryptagon

Nasdaq continue to trade within a Channel Down pattern but as it hit the 1day MA200 with the RSI is on a Rising Support/ bullish divergence on the Channel's Falling Support, it only needs to cross above the 4hour MA50 to resume the bullish trend. We consider this the bottom. Target 1 is the 0.236 Fibonacci and Target 2 the 12750 Resistance A. Follow us, like...

TheCryptagon

It is natural for XAUUSD/ Gold to have a negative correlation with the DXY as the yellow metal is denominated in USD. We have to point out and highlight however that in recent weeks, this inverse correlation had become tighter than ever. With the DXY on a long term Resistance level, look for a breakout above it to sell or rejection under it to buy Gold. Follow...

TheCryptagon

Bitcoin/ BTCUSD on the 1week chart is on RSI and candle structure identical to all times it was testing its 1week MA50. After it broke above, it reached the 0.5 Fibonacci level on all instances. That sets a target at $32500. Follow us, like the idea and leave a comment below!!

TheCryptagon

BTC Dominance has a clear Support Zone inside 39.70% - 38.90%. This has been holding for almost 2 years. The white line is the Total Crypto market cap excluding Bitcoin and Ethereum. Mostly negatively correlated to BTC Dom. A break under the BTC Dominance Support Zone starts the alt season. Follow us, like the idea and leave a comment below!!

TheCryptagon

Basic fractal projection for HNTUSD/ Helium as the RSI action today resembles he price action of late 2020. Both on a V-shaped/ Inverted Head and Shoulders pattern, in 2021 that targeted exactly Fibonacci 3.0. Target a little under it at 16.000. Assume as confirmation the breakout over the 1day MA200. Follow us, like the idea and leave a comment below!!

TheCryptagon

Raydium/ RAYUSD is stuck between its 1day MA50 and 1day MA200. A Channel Up may be emerging that will take it sideways until the squeeze but the bottom pattern is a Cup on a U-shaped reversal. This targets Fibonacci 2.0 at 2.50. A 1 day Golden Cross in the 3rd week of May can serve as the catalyst. Follow us, like the idea and leave a comment below!!

TheCryptagon

WTI Oil is inside a Triangle pattern. Sell any rejection on its top and taget Support A (75.00). Buy any break above its top and target Resistance A (80.50). Follow us, like the idea and leave a comment below!!

TheCryptagon

EURUSD almost reached Resistance A (1.06980) and is now pulling back to the 4hour MA50 to confirm the bullish breakout with fresh buyers. The 4hour RSI is bullish above its MA level. Buy the pull back and contact with either the RSI MA or 4hour MA50. Target the 4hour MA200 at 1.07400, after Resistance A breaks. Follow us, like the idea and leave a comment below!!

TheCryptagon

XAUUSD didn't just break over the 4hour MA50 today but what few are seeing is that the 1day RSI crossed over its MA as well. The last three times this has happened, Gold came very close or even hit the 1day MA50, even when it was on a downtrend. The lowest rise was 2.75% and based on that worst case scenario we are long and have a 1855 target. Follow us, like...

TheCryptagon

DAX is inside a Megaphone pattern but the recent Channel Down of the past 2 weeks is eyeing a repeat break downwards as the December Megaphone did on the 1day MA50. The latter is waiting now inside Support A. The strongest buy signal will be given when the 1day RSI hits the bottom of its 3 month Rectangle at 41.00. Buy and target the previous High at 15650. ...

TheCryptagon

Dow Jones' long term pattern is a Channel Down. On this chart you can see that all 1D candles have closed inside the Channel regardless of the length of their wicks. The 1D RSI is inside a Channel Down of its own. The price is approaching a Triple Support Zone: the 32500 horizontal Support, the 1day MA200 and the bottom of the Channel Down. Last time all three...

TheCryptagon

Nasdaq - US100 touched the 4hour MA200 today and is on a technical rebound. Our target is 12330, the 4hour MA50. If it closes above it, continue buying to 12600 (+2.05% rise as the previous breakout). If the 4hour MA50 holds, sell and target 11835 (above Fibonaci 0.5 and expected contact with the 1day MA50). Follow us, like the idea and leave a comment below!!

TheCryptagon

WTI Crude Oil has been trading in the past two months on the Rising Support that emerged on the March 2021 Low. The longer it holds, the more likely a medium term (2 month) rebound is, back to the Resistance Zone and $110. The reversal on the 1week MACD also supports that. If the Rising Support breaks, the 1week MA200 will be the last level of Support before the...

TheCryptagon

The pair reached the bottom of its Falling Wedge as well as Support A at 1.05785. The price should technically rebound to the patterns top again and the 4hour MA50. Our strategy is to catch that rebound and sell the next leg down to 1.05235 if it continues to give a -1.25/35% decline. If it closes over the 4hour MA50, stop selling and switch to buying, Target =...

TheCryptagon

XAUUSD - GOLD hit 1817.50 today, testing the Support of February 17th. As long as it holds, it is a Double Bottom pattern that aims that the 4hour MA50 (1835). Over 1848.50 well target 1870 under Fibonacci 0.786. This scenario of a bullish breakout isn't unrealistic at all as while Gold has been on a Falling Support, the 4hour RSI still is on a Rising Support...

TheCryptagon

DAX is staging a rebound coming close to the 4hour MA50 yesterday (has been untouched since January 4th). This is the normal technical reaction we expected on such an important Support Cluster (as the dotted line from the October 2nd bottom was also there) and was a short-term buy. Maintain a tight SL though as a cross under it renders the price extremely bearish...

TheCryptagon

BTCUSD - BITCOIN is now under the 4hour MA50, same as it was on February 5th before the last short term sell off. Inside this 1 month Bullish Megaphone structure, this this formation appears to be repetitive as the decline from top to the 4hour MA50 bottom is on both patterns -6.60%. A larger -11.50% correction followed after a 4hour MA50 rejection to the bottom...