TheCryptagon

TheCryptagon

Nasdaq / US100 is trading inside a monthly Channel Up. Despite getting rejected today on the 1hour MA50, the Higher Low at the bottom of the Channel Up has been priced in. This is a good buy opportunity. Target 20350 (the 0.618 Fibonacci level). Previous chart: Follow us, like the idea and leave a comment below!!

TheCryptagon

Meta Platforms / META is pulling back again to test the 1day MA50, which has been holding since September 11th. The pattern is quite similar to the January 2nd 2024 pull back, a bullish break out that also took place after a prolonged consolidation pattern. The 1week RSI patterns between the two are also fairly similar. As long as the 1day MA50 holds, we expect...

TheCryptagon

Coinbase / COIN reported today earnings that missed their estimates (EPS at 0.28 against 0.45 and Revenue at 1.2B against 1.25B) and dropped more than -5% in after hours trading. This is the second seccessive earnings miss for the company. Despite yet another misfire, we believe the exchange can recovery from it, purely from a technical standpoint. Since the...

TheCryptagon

Dow Jones / US30 is trading inside a Channel Up since late August. The price is about to enter the buy zone of the pattern. The previous bearish leg made a -3.81% correction before it bottomed and initiated the bullish leg to the 1.618 Fibonacci extension. We expect a strong rebound from the current prices, so buy and target 44100 (just under the 1.618 Fib). ...

TheCryptagon

Gold / XAUUSD is trading inside a Channel Up for almost 5 months. Today the price hit the pattern's top while the 4hour RSI is on Lower highs instead. That's a standard bearish divergence, the formation that emerged on all three previous Higher Highs of the pattern. This is a short term sell opportunity. Sell and target 2725 (Fibonacci 0.382). Follow us,...

TheCryptagon

WTI Crude Oil / USOIL almost hit the Support A level and rebounded today. This is the exact range where the price made a bullish reversal on October 1st and rose to a new Higher High. Buy and target 78.00 (just under Resistance A). Follow us, like the idea and leave a comment below!!

TheCryptagon

EURUSD has been struggling to break above the 1day MA50 but that shouldn't take long to do so, as the 4hour RSI is on a Channel Up (Bullish Divergence) since 10 days already. Once the 1day MA50 breaks, we expect a 1day MA200 test, followed by a pull back before the final rise. Our target is the 0.618 Fibonacci level at 1.10400. Previous chart: Follow us,...

TheCryptagon

Bitcoin is testing March's ATH today and history has shown that when broken at this stage of the Cycle, the trend explodes parabolically upwards. That was the case on the week of November 30th 2020 ATH test. The price pulled back next week but the one after it started an aggressive multi month rally to the 1.618 Fib. This is the time to buy BTC again and...

TheCryptagon

Dogecoin / DOGEUSD has crossed over the Bull Flag of the past 7 months, trading above both 1week MA50 and MA200. This is what we have been calling as the 'October effect' since in Doge's 10 years of trading, most Octobers have ended correction phases that started aggressive rallies. The ones every 4 years since 2016 have been the most aggressive. Based on the...

TheCryptagon

WTI Crude Oil / USOIL is trading inside a 1hour Channel Up. Having crossed above the 1hour MA50, it is now expected to support this new bullish wave. The 1hour MACD is already on a Bullish Cross, confirming the bullish wave. Buy and target 73.50 (+5.73% rise). Previous chart: Follow us, like the idea and leave a comment below!!

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S&P500 / US500 got rejected today on the Falling Resistance of the previous High. This is the very same pattern we had between Sep 26th - Oct 6th. After the pull back was completed near the previous Low, the price rebounded above the Falling Resistance to a +2.17% rise. Even the first rebound on the Rising Support, rose by +2.19%. Buy the current pull back and...

TheCryptagon

Gold / XAUUSD is extending the August Channel Up, having priced yesterday the latest Higher High on a +6.00% increase from the bottom. This is the start of the technical short term pull back of the Channel. The 1day MA50 hasn't been broken yet, so the price is still high enough for a good short. Target the 0.382 Fibonacci retracement at 2700, which is where the...

TheCryptagon

EURUSD hit today the Rising Support trend line that is in effect for 1 full year. The 1day RSI is vastly oversold, which was the case both on the April 16th 2024 and October 3rd 2023 contacts with the Rising Support. The last bottom rebounded to the 0.618 Fib before pulling back again. This is a standard low risk bullish signal. Buy and target 1.10250 (Fib...

TheCryptagon

Nasdaq / US100 just hit the Rising Support of October. This is the level where the late September correction bottomed and a new bullish wave started. Initially it hit the 0.618 Fibonacci level and then pulled back to the Rising Support again. With the 1hour RSI deeply oversold, we see the current level as a strong buy opportunity. Buy and target 20280...

TheCryptagon

Bitcoin / BTCUSD hit the 1hour MA200 on today's strong correction. So far it is holding and is on the 5th candle in a row of support. As long as it holds, it is a bullish signal and can give a rally similar to the last 1hour MA200 hold (October 13th) or the one before (October 10th). The 1hour RSI also got oversold and is rebounding. It crossed above its MA, a...

TheCryptagon

Dow Jones / US30 is trading inside a Channel Up and the price hit its bottom today. By doing so it almost tested the 1hour MA200, which is holding since October 9th. Also it completed a decline identical in % terms with the first one of the pattern. This is a strong buy opportunity. Buy and target 43,450 (top of the Channel Up). Follow us, like the idea and...

TheCryptagon

XRPUSD hasn't made a new ATH since January 2018. Instead its last Cycle was a Lower High of a 6 year Triangle that hasn't been broken yet. The price has been consolidating for 18 months and is pattern is running out of space. Volatility is expected to become fierce until the end of the year but if it follows the expansion pattern of the 2013-2016 Triangle, then...

TheCryptagon

BNBBTC is consolidating between the 1week MA50 and 1week MA100. Once the 1week MA100 breaks, we expect the Cycle's massice rally to start, where BNB aggressively outperforms BTC in gains, similar to Jan - May 2021. We expect a new All Time High April 2025. Follow us, like the idea and leave a comment below!!