TheCryptagon

TheCryptagon

BTCUSD - BITCOIN is now at the point of testing the MA50 1W, the closing of which technically decides the extension of the 2023 rally. This interesting pattern shows that Bitcoin is inside a Channel Up since the end of the 2017 Cycle and the Fibonacci levels act as critical Support/Resistance levels. In 2018-2019 Fibonacci 0.5 was the first Support of the Bear...

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NEOUSD is above the MA50 1W, having entered undoubtedly the new Bull Cycle. The completion of the Golden Cross 1D draws comparisons with the first Golden Cross pattern of the 2019 Bull Cycle. The price breached Fibonacci 0.236, formed the Golden Cross, pulled back and then made the Cycle's first High on Fibonacci 0.382. This is our medium term Target (20.00). ...

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CONFLUX - CFXUSD entered last week the strong Liquidity Zone of May-December 2022 and on this week it has almost reached the top. The RSI 1W can't signal a strongest overbought signal and even though this coin is extremely bullish long term, this calls for a medium term correction. The MA50 1W will be there to support, the strong technical Support Zone is within...

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FILECOIN - FILUSD crossed above the MA50 1W and hit Resistance A (9.52500). There is a huge Liquidity Zone, which offered Demand during the Jan/ Feb consolidation and Supply before the market bottomed out. As you see most of the volatility of the past 8 months is seen inside this zone. With the Golden Cross 1D only 1 or 2 days ahead, such a pullback will be a...

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ANKRUSD tested today Resistance A (0.05800) which was the High point on August 11th 2022. This gap is now filled. Since may the price has been consolidating inside this extremely long Accumulation Zone, which shows that the market has bottomed and investors are buying in preparation of the new Bull market. In August the price pulled back to the MA50 1D, so if we...

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The Dollar Index made its breakout over the MA50 1D, reversing the bearish sentiment on the short term but this extremely structured symmetrical pattern shows that it is approaching Resistance A, which is a symmetric level that rejected it on May 13th 2022. The pattern appears to be a huge Head and Shoulders and besides Resistance A, the price is under the...

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Since the start of the year the pattern on Bitcoin is a Rising Wedge. The recent sideways movement however after hitting the top of the Rising Wedge, draws comparisons with the introcution construct that in mid January which after a +18% rise it rose another +15% to form the top of the Wedge. So you can still buy low and sell high inside the Rising Wedge but keep...

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Dow is in ranging mode on the short term inside a Rectangle. The 4hour MA50 is almost at the middle, so crossing above it is a long signal: Target 34250. Below it is a short signal: Target 33550. On the long term the structure remains a Channel Up, in fact the price came very close last week to its bottom. If the price breaks the bottom it is a sell: Target...

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Nice illustration of DAX's sideways trading since the start of February. The Fibonacci levels help at finding the low risk/ high reward trades. And those are to sell on Fibonacci 0.786 and buy on Fibonacci 0.236. The RSI is on a similar range. Do this enough times to grow your profit until the pattern breaks. Follow us, like the idea and leave a comment below!!

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XAUUSD is inside a Channel Down with the 4hour MA50 untouched for 3 weeks. As the price is at the top of the Channel and onlt a few points away from the MA50, it is the best short term level to sell. The Target is 1790, which is inside Support A but more importantly on Fibonacci 0.5. If the price crosses above the 4hour MA50, wait for a short entry near...

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According to wider time frames like the 1day, the correction that Nasdaq started is a technical (after hitting the Rising Resistance) and a much needed one as it hasn't tested the 1day MA50 in 1 month. The RSI staying under the MA reminds us of the patterns that started the August and April sell structures. The market is now out of the Bear Cycle so the correction...

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Crude Oil crossed under Support A on Friday but today is rising and hit the 1day MA50 again. We followed a very successful model last time as indicated below for selling high and buying low: Based on this, today's rise is the countertrend rebound that both of the previous short constructs followed. We believe it will be short lived and serves as a new sell...

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Last week's 1week candle closed marginally in green but basically it was flat as buyers and seller found an equilibrium. This is some times seen on market bottoms but we believe there are still a few more weeks left to this formation until it completely bottoms out and the reason is that based on the 1week RSI crossing under its MA and the MACD near making a...

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Litecoin/ LTCUSD is on its usual 1st rally it has had during every Cycle. This is the rise that takes place historically before each Halving. With Halving three in August, we see the current rally extending to the end of May before peaking. A reliable indicator to sell your rally buys is when the 1week RSI hits 75.00. Follow us, like the idea and leave a comment below!!

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DOTUSD/ Polkadot hit the 7.40 Resistance A, filling the gap of November 7th. We are about to form a 1day Golden Cross and the next MA Resistance is the 1W MA50 but the gap to fill is on Resistance B at 9.70. We can see a strong bullish wave in the next two months with the 1day MA50 supporting. If Resistance C breaks, a huge bullish leg is expected within 19.50 and...

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Internet Computer/ ICPUSD is testing the 1week MA50 with a 1day Golden Cross a day away from forming. Its pattern is a Channel Up, formed after the Falling Wedge broke upwards. A rejection on the 1week MA50 can cause the final pull back for the 9.85 Resistance A test. Crossing above this level opens the way long term for 24.50 (Resistance B). Follow us, like...

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LDOUSD/ LIDO DAO is on a 1 month Channel Up while the 1day RSI is immitating the Channel Down of July/ Aug. This can therefore be a flipped sequence of that fractal and when drawing it on the current Channel Up, it matches the price action surprisingly well. A repeat of the +616.30% rise prior to July's top matches almost to perfection the top as indicated by the...

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WEMIXUSD has been on an incredible 1 week rally and is near hitting Resistance B. The previous High of Wemix's +168.38% rally stopped after filling the gap on Resistance A and pulled back to Fibonacci 0.618. As the 1day RSI is bull flagging, we expect Resistance B to be fully tested on another approximate +168% rise. Until the pattern breaks, we will be buying...