TheCryptagon

TheCryptagon

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!!

TheCryptagon

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...

TheCryptagon

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...

TheCryptagon

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...

TheCryptagon

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...

TheCryptagon

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!!

TheCryptagon

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...

TheCryptagon

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...

TheCryptagon

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...

TheCryptagon

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...

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...

TheCryptagon

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...

TheCryptagon

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...

TheCryptagon

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....