TheCryptagon

TheCryptagon

XAUUSD/ Gold touched today the bottom of a Channel Up pattern that few have noticed, the one that started on November 3rd and contains all the Higher Highs of the uptrend. It goes without saying that it is a make or break situation, keeping the candles inside the Channel Up, will keep the long-term bullish trend valid but a break below, especially since the 1day...

TheCryptagon

Bitcoin's January rally appears to have topped. This doesn't mean that a new Bull Cycle isn't starting but on the medium-term we can see a Head and shoulders pattern forming. The correction's target is the 1day MA50 first and the 1day MA200 second. The Head and Shoulder's technical extension is initially the 1.5 Fibonacci, which happens to be right over the 1day...

TheCryptagon

Dow Jones is rebounding on its 4Hour MA200, having been ranged effectively for the past 2 weeks. The pattern is a Channel Up since December 20th and the 2 week consolidation is similar to the one at the start of the Channel Up. It ended up to an aggressive Higher High wave. We have a first Target at 34150 and a second at 34550. Further confirmation is needed for...

TheCryptagon

MINAUSD has broken its Bull Flag formation to the upside. Ahead of an upcoming 1Day Golden Cross, the bullish signal couldn't be stronger. MINA has been in range basically since June 2022 but the only Resistance that matters right now is the 1Week MA50. Wait for a break out and Target the 1.5 and 2.0 Fibonacci extensions. Follow us, like the idea and leave a...

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Loopring's January rally that broke above Resistance A (0.4250) is on a Bull Flag pattern with a few days away from forming a 1Day Golden Cross. The strong rebound on the RSI shows that this pull-back may be coming to an end, especially if it (the RSI) crosses over its MA again. The 1Week MA50 stopped the rally on Feb 2nd and caused the Flag pattern so logically...

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Chainlink is consolidating around the 1day MA200, being slightly more bullish as the 1day MA50 is holding. Today's highly volatile 1day candle is evidence that the market is prepared to move higher. The Channel Down on the RSI could be a Bull Flag as it was in October. We are buyers with 8.200 the short term Target. Next buy above Resistance A with our Target a...

TheCryptagon

DAX with a strong rejection at the top of its Rising Wedge. Targeting the 4hour MA50 is the norm inside this pattern. As long as its not broken, buying is the action with 15750 the Target. Closing under the 4hour MA50 is bearish, with the Target at the bottom of the Rising Wedge (15100). Best 2 week buy opportunity inside the RSI's Buy Zone. Follow us, like...

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On a one month frame this is the best buy opportunity on Nasdaq as it made contact with its 4hour MA50. Since the January 6th low that started this uptrend, the 4hour MA50 has been the most optimal level to buy. Rises of +6% have been the most common throughout this uptrend so that's our expectation, even though we set as always our Target a bit lower at 13100....

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The WTI Crude Oil failed to break over the 4hour MA100 but the subsequent rejection tested and held the 4hour MA50. This is a sign that the short term Channel Up remains valid. However the 4hour RSI break below its MA level potentially indicates that this is the last push before it peaks. This has been a valid signal since December 1st. Our Target is 81.00 (under...

TheCryptagon

The EURUSD hit today the 1day MA50 after a very long time, more specifically the November 4th. This is the opportunity that long term traders have been waiting for to buy as it also came very close to the bottom of the 3 month Channel Up. The previous two Higher High legs have been around +5%. A repeat of such rise will push the price as high as the 1.11850...

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The Dollar Index hit yesterday the 1day MA50 after it first started its long term downtrend and today the price reached the top of the Channel Down pattern. So far the price is reacting in the expected technical way, a rejection at the top. As long as it holds, it is a perfect sell entry. Expected target a -4.25% fall at 99.600. Follow us, like the idea and...

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The US10Y is breaking above the first Falling Resistance after making a Double Bottom on the 1day MA200. Wait for the right level to sell this rally near the second Falling Resistance. Target the bottom of the Falling Wedge. Follow us, like the idea and leave a comment below!!

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It is natural since the two are negatively correlated to see Bitcoin moving in the opposite direction of the DXY especially on the large timeframes. It is not a coincidence that when the DXY broke its Rising Support, Bitcoin followed with a break of its Falling Resistance. The DXY is leading the markets as it is absorbing the inflation news first. What we do see...

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Bitgert broke today over the 1day MA200 for the first time since October 3rd, getting out of the Consolidation Zone. This is an important step to the 0.00000076 - 0.00000068 Resistance Zone. Beyond that, we can have higher hopes for BRISEUSD only if the Declining Resistance breaks, which will trigger a buy wave to 0.00000129 Resistance. Follow us, like the idea...

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The Dogecoin is sustaining the uptrend of the past 30 days and is approaching the 0.1120. Being past the white demand Zone, which is the rising channel that captured all major buying opportunities since June, it can hit 0.1120 after one last 1day MA50 pull back. The slightest breach of 0.1120 sets in motion an immediate gap fill on the 0.1590 Resistance. Follow...

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XAUUSD had an important bearish breach yesterday after it closed under the 4hour MA50 for the first time since December and it fell as low as to break even the bottom of the long term Channel Up. In typical denial fashion, the price rebounded immediately to test the 4hour MA50 as its Resistance for the market to see how many short term buyers are left. Under...

TheCryptagon

Yesterday EURUSD closed below the 4hour MA50 for the first time in almost 4 weeks and confirmed a short term bearish signal. Today it is making a classic counter trend rebound to re-test that level as its new Resistance and confirm the bearish pattern's strength. As long as it is under it, we are sellers with 1.07800 the short term target. On the medium-term we...

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MATIC broke over the scalping range that dates back to July 18th. The only time it broke over it since then was on November 4th and it made a top at 1.310. As long as the price is over the range, 1.310 is our bullish target. Follow us, like the idea and leave a comment below!!