TheCryptagon

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!!

TheCryptagon

This chart shows the Crypto Total Market Cap excluding BTC on the 1week time frame. We are at the part of the Cycle where, after a very long accumulation, the market posted its usual Bull Flag that historically precedes the final 1 year rally. Get ready for aggressive gains on alt coins. Follow us, like the idea and leave a comment below!!

TheCryptagon

Gold / XAUUSD is trading inside a Channel Up since August 5th. At the moment it is on a new bullish wave. The minimum extension of such waves inside the Channel Up has been +4.80%. As a result, there is a high probability for the price to reach 2725 on the current wave. Follow us, like the idea and leave a comment below!!

TheCryptagon

EURUSD hit today the 1day MA200 for the first time since August 2nd and its 1day RSI turned oversold for the first time since April 16th. That is a very bearish development but market exhaustion and the need for a relief rally may hit the price just like it did on the August 25th 1day MA200 test. We remain bearish as per our last trading plan but any rebound...

TheCryptagon

S&P500 / US500 is trading inside a Channel Up on the 1hour timeframe. The price crossed today under the 1hour MA50 and reached the Channel's bottom. This is where the two bottoms prior where priced. As long as it holds, buy and target 5930 (+1.88% rise, same as the previous bullish legs). Previous chart: Follow us, like the idea and leave a comment below!!

TheCryptagon

USDCHF has been on a very strong 2 week rise on Support A and has turned the 1day MA50 into Support. Until that breaks, we expect the bullish trend to continue. Technically this is an emerging Channel Up that looks very much like the January rebound on Support A, which also consolidated after a nearly +3.00% rise and then moved to a +4.78% rise before it pulled...

TheCryptagon

Dow Jones / US30 is trading inside a Channel Up since August 5th. Despite the mini rally since last Monday, the rise isn't technically over as the overbought (>70.00) 4hour RSI is on a level similar to where the two bullish waves before entered a slower but still upward trend until they priced a higher high. Buy and target 43900. Follow us, like the idea and...

TheCryptagon

Gold / XAUUSD continues to trade inside June's Channel Up. Its recent bearish leg has managed to find support on the 0.382 Fib and rebounded, closing today its 2nd straight green 1day candle. This is the start of the new bullish leg and the minimum rise such a leg had inside the pattern was +7.55%. With that in mind, buy and target 2800 by mid...

TheCryptagon

EURUSD has turned completely bearish as after the Sep 25th rejection, it broke under the previous Channel Up and formed a Death Cross on the 4hour time frame. It continues to be a similar sequence of events as the post December 28th 2023 High. We expect a similar Channel Down to lead the price lower and every MA50 (4h) test will be a sell opportunity. Sell and...

TheCryptagon

Nasdaq / US100 is making a rebound inside the Channel Up initiated on Sep 6th. The pattern is similar to the Channel Up of the April 19th low, which stayed above the 1day MA50 and targeted the 2.618 Fibonacci level. The 1day RSI indicates that we are on a similar level as May 31st. Buy and target 22400 (Fib 2.618). Previous chart: Follow us, like the...

TheCryptagon

Bitcoin / BTCUSD has found support on its 1day MA50 and that support appears to have completed a major pattern. That is the Cup and Handle, with the Handle being the one to find support on the 1day MA50. A 1day candle closing over the 1D MA200 will confirm the upside break out. The target is the 2.0 Fibonacci level (77500). Follow us, like the idea and...

TheCryptagon

Silver / XAGUSD is approachint the 1day MA50, being on a Channel Up since the August 8th low. The long term pattern is also bullish, an uptrend on a Rising Support, exactly where the 1day MA200 is. Technically the 1day MA50 is the first buy entry of this pattern and the Rising Support the second. The 1day RSI suggests that based on the March 26th 2024 fractal,...

TheCryptagon

Cardano / ADAUSD has broken above the Descending Triangle pattern and despite a pull back on the 1day MA200, it is now resuming the uptrend. This is a similar price action with 2023. Break above Triangle, consolidation before the 1day MA200 break and then huge rally to the 2.618 Fibonacci extension. Buy and target 1.0500. Previous chart: Follow us, like...

TheCryptagon

USDCAD hit the 0.618 Fibonacci level of the 2 year Rectangle pattern and so far is on a Double Top. The 1day MACD is forming a pattern similar to a previous 0.618 Fib Double Top in May 2023. In the meantime, a 1day Death Cross is formed, exactly like on June 1st of that previous Double Top pattern. This is a strong bearish mixture and on all cases the target...

TheCryptagon

GBPJPY is trading inside a CHannel Up since May 2021. Having a strong correction in July, the price has stabilized on a shorter term Channel Up. A similar Channel Up was formed after the previous bottom in January - March 2023 and then the price rallied by +20%. Expect a similar bullish wave. Buy and target 217.00. Follow us, like the idea and leave a...

TheCryptagon

Solana / SOLUSD is about to close a day of strong gains above the 1day MA50. This is coming straight on Higher Lows since Sep 6th in a similar way as the May 1st Channel Up that hit the 0.786 Fibonacci level on the Falling Resistance. Buy and target 171.00 (Fib 0.786). Follow us, like the idea and leave a comment below!!

TheCryptagon

GBPUSD is about to test the 1day MA50, which is intact since August 13th. The pattern is a Channel Up and even though its bottom is a little lower, the 1day MA50 should technically be a first buy entry on this pattern. If the price drops more, you can use the bottom of the Channel for a 2nd entry. A rebound of the 1day RSI on its Support Zone, confirms the buy...

TheCryptagon

XRPUSD / Ripple is having a strong bearish candle on the 1week timeframe, erasing the gains so far of the previous 3 weeks. Even though that is shaking out many traders off the market, this doesn't affect the long term bullish outlook. The reason is that XRP is repeating a pattern that seems like an Inverse Head and Shoulders of 2022-23. You can see that when...