TheCryptagon

TheCryptagon

The index failed yet again to break and close above the bold white declining Resistance, which is effectively the Resistance that has marked all lower highs of the Bear Market. This is far from an ideal scenario for S&P500 buyers. The Support Zone right below already supported once last week and has been serving as either a Support or Resistance since May...

TheCryptagon

INJUSD the symbol of the Injective coin is rising parabolically and this is not the first time we see it on such a strong rise inside the accumulation pattern since May. Basically the Resistance levels are harmonic and we can see the pair getting rejected because of the 2.5050 harmonic Resistance. This RSI though is different that the parabola of August so this...

TheCryptagon

The pair's obvious pattern on the long run is a Channel Up. Inside this we've spotted an Inverted Head and Shoulders, whose Head to Right Shoulder is +3.70%. The price target on those patterns tend to be a proportional rise from the Right Shoulder. A new +3.70% extension places a target tag at 1.1300. If this is performed within the Channel Up then it could be...

TheCryptagon

Fierce battle on the XAUUSD market with Gold trading on a Rising Wedge short-term inside a Channel Up long-term. The price is firmly supported by the 4hour MA50 for exactly 30 days and this indicates a strong uptrend. You can scalp the Rising Wedge's range and add to your intra day profit. If broken upwards, the minimum rally this Channel Up has achieved on a...

TheCryptagon

Aptos is on another strong bullish 1D candle today after a 2 day pull-back. This is a parabolic rise that shows no sign of stopping yet as the 4hour MA50 is supporting this move since the start of the year. The three rises since the parabola started have been approximately +90%, +74% and +111%. As long as the 4hour MA50 holds, we expect a minimum of +74% rise,...

TheCryptagon

BTCUSD is in the process of forming a Cup and Handle pattern as for the 4th straight day is struggling to stay above the November 5th high. If we see a rejection, it may create the handle of the pattern. With the strong support zone in the 18.3k - 19k range, traders who missed this rally may have one last chance to enter. Next stop 25250. Follow us, like the...

TheCryptagon

The price of WTI Crude Oil is at a resistance Zone and top of the rising channel. Above 81.50 = long (TP 82.70). Below = short (TP 1hour MA50). Below 1hour MA100 = short (TP 77.15). Follow us, like the idea and leave a comment below!!

TheCryptagon

SPX is within a rising wedge structure that has been getting weaker on each high. The 1hour RSI has a pivot line though above which the trend remains bullish but below turns bearish. So far it is above and it is evident as the price is holding the wedge's bottom and is rebounding. 4040 the upper target if it holds. 3942, which is the first support, if it breaks...

TheCryptagon

The key level for Gold on the short term is the 1hour MA50. Above it buyers accumulate and will aim for the 1919.50 resistance to break the previous lower high. This keeps the trend bullish as it has been inside this month's bullish channel. Upper targets 1929 and 1940. Below the 1hour MA50 Gold will seek to break the bullish channel and after a long time test...

TheCryptagon

EURUSD is inside an Ascending Triangle and that keeps it neutral on the short term 4 hour chart. Above the resistance zone buying is limited to the long term rising channel. But below the Triangle there is a strong demand on the support zone around 1.0700. This is where the 4hour MA200 is headed. Follow us, like the idea and leave a comment below!!

TheCryptagon

Gala is consolidating sideways on a zone that was the pivot before. Now that it has flipped it to a support, the price lays eyes on the next resistance, the 0.0730 level. We can buy as long as the 200 DMA is intact. pull back to 50 DMA if broken, which can be the new buy entry point. Follow us, like the idea and leave a comment below!!

TheCryptagon

Strong Channel Up on the Binance Coin is leading it to higher highs. The price was rejected on Saturday on the 317.00 Resistance and as with the August 10 rejection it needs to break it in order to register the next High. A pull back near 250.00 will be one last opportunity to enter. Next higher High estimated at +/- 390.00. Follow us, like the idea and leave...

TheCryptagon

The Descending Resistance started on August 15 is now history for Bitcoin as it breached past it today. The 1D MA200 is right above at 19520 and is posing as the biggest obstacle on the long term. However the bullish channel has been constructed and looks strong enough to lead the price gradually higher to the upper Fibonacci extension, which as you see fit...

TheCryptagon

On the left you see Dow Jones after the Dotcom and Mortgage crises until today and on the right Dow from the late 1800s leading to the 1930-32 Great Depression, both on the 1M time frame. Do you notice any similarities? The blue line is the 1M MA50 and the green line the 1M MA100. The Megaphone pattern that started the long term rallies on both is evident. Not as...

TheCryptagon

The EURUSD pair is rising non stop since the end of September and this week broke above the 1W MA50 (blue line) for the first time since June 2021. Though technically a major break out, history shows that this alone is not enough to justify a continuation of the uptrend. Since 2015, EURUSD extends the rise only when the 1W MA100 breaks (green line) and even then,...

TheCryptagon

Standard Channel Down for Bitcoin on the 1D scale. Since August 15th all Lower Highs were rejection a little over the 1D MA100 (green line). Currently the RSI is rising like the previous time. The 1D MA100 is now at 18900. With this projection the price can break it around 18500. Will it get rejected again or this time will be different? Follow us, like the...

TheCryptagon

The US10Y is approaching the Higher Lows support of the 2022 bullish trend. Holding it can make the price rebound back to the 1D MA50 (blue line) and the dashed line of its growth zone at least. A break below it and in particular the 1D MA200 (orange line) can turn the trend bearish long term to the 1W MA100 (red line). The 1D RSI is on its (oversold) Support...

TheCryptagon

Avalanche is having a good stretch in December but we can't lift our hopes yet as it remains below the 1D MA50 . Even if it breaks it, it will still be contained inside the Falling Wedge of June. Our signal to enter AVAXUSD will be when it breaks the 1D MA200 , which is untouched since April 10th. The bullish target will be $30.00. Until this happen, with the...