TheCryptagon

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...

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). ...

TheCryptagon

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...

TheCryptagon

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...

TheCryptagon

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...

TheCryptagon

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...

TheCryptagon

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...