TheCryptagon

TheCryptagon

WTI Crude Oil made a remarkable rebound yesterday marginally below the 76.30 Support (the Support Zone is now 76.30 - 75.30) and turned the 4H RSI around, approaching the 4H MA50 (yellow line). This is the first Resistance (short term) with the initial target of this late September/October-like rebound being the 1D MA50 (blue line). If then the price breaks above...

TheCryptagon

Gold has been pulling back since the Nov. 16 top, which was made below the 1D MA200 (red line) as well as the 0.382 Fibonacci level of the March High. The price is now below the 4H MA50 (blue line), which was supporting since Nov. 04. Having a Support at 1615 and a Higher Highs Resistance with teo tops, it looks as if the long term trading pattern is an Ascending...

TheCryptagon

EURUSD was rejected last week on the 1D MA200 (orange line) and just below the 0.5 Fibonacci level. After the initial break above the Lower Highs Resistance of February 2022, it made the first bullish step for a long term recovery and established a new Higher Lows Support. The RSI is overbought so a pull back to gather momentum and buyers near the 1D MA50 (blue...

TheCryptagon

Bitcoin on the logarithmic chart is above the 1D MA100 with the weekly RSI on the Lower Highs trend-line of Jan 2021. A break to the upside here would be a major bullish move and the last major rise of July - November 2021 can confirm it. As you see, Bitcoin's price action since Aug 22 is not all that different from May 21 - July 21 2021. An RSI breakout can be...

TheCryptagon

Ethereum made a double breakout last week as not only it crossed above the 1D MA100 but more important broke after 350 days above the November 2021 Resistance (in the form of Lower Highs). It is easy to realize that this is a major bullish breakout and right now the price is fractionally below the 1D MA200, which was last hit on April 6. The breakout alone isn't...