TheCryptagon

TheCryptagon

USDJPY broke above the 1day MA50 for the first time since July 17th. That is a clear bullish signal as the last time it did this after a correction was on January 16th 2024. We expect at least a test of Resistance A on the short-term. Buy and target 149.500. Previous chart: Follow us, like the idea and leave a comment below!!

TheCryptagon

DAX has completed 3 straight red days. At the same time it has been rejected on the Rising Resistance from April. We don't think this is the start of a larger correction, as the same rejection back in late 2023 was contained above the 1day MA50 and then resumed the rally to the 1.618 Fib. Buy and target 20200 (Fib 1.618). Follow us, like the idea and leave a...

TheCryptagon

The S&P500 index / US500 may have pulled back a little today but on the long term pattern, which is a Rising Megaphone, it only shows that it turned sideways. This ranged trading, is the consolidation that the previous leg up did after rebounding on the 0.618 Fib and the 1day MA50. The index is possibly repeating this pattern so what's next is a rally to the...

TheCryptagon

Gold / XAUUSD reached the top of the 4 month Channel Up and is starting to reverse. The 1day MA50 has been supporting since July 3rd and is the technical tolerance levels for buying. The 1day RSI posts similar structures as the previous 3 bearish legs. Also all three bullish legs have been around +8.00%. Sell now and target the 0.618 Fibonacci level at 2560. ...

TheCryptagon

Dow Jones / US30 reached the top of the historic Channel Up that started 2 years ago on October 3rd. Technically that calls for a strong short. Last time that happened in April 1st, the index turned sideways on a wide consolidation. The other 2 Higher High rejections caused Channel Down corrections. Technically the time to rebound again will be closer to the...

TheCryptagon

Ethereum / ETHUSD in on its 3rd straight green week and if it stays that way, it will be the first 3 week bullish streak since March 4th. The long term pattern is a log Channel Up going back all the way to June 13th 2022. The price bottomed in August and early September on the 1day MA200 and last week we had the first bullish break out as the price crossed above...

TheCryptagon

WTI Crude Oil has rebounded initially on Support A, a level that is holding since March 20th 2023. At the same time the 1day RSI double bottomed the same way it did in December 2023 and May 2023. This is a clear buy signal that is targeting the 1day MA200 and the Falling Resistance at 78.00. Follow us, like the idea and leave a comment below!!

TheCryptagon

EURUSD has so far double topped on the Resistance A level. At the same time the 1day RSI is on Lower Highs, which is a Bearish Divergence. The last Bearish Divergence was on the December 28th 2023 high with the rejection that followed extending all the way to the 0.618 Fibonacci level. We expect a similar sell off, targeting 1.07700 (Fib 0.618). Previous...

TheCryptagon

Nasdaq has held the 1day MA50 after the Fed cut last week and is extending the rally. The long term pattern has been upward since the 2022 bottom supported by the 1day MA200, which is the best buy entry long term when touched. The 1week MACD is about to form a Bullish Cross, which is formed after every bottom these past two years. The main rallies during that...

TheCryptagon

Since the March Top, Bitcoin hasn't broken any previous Lower High Resistance. Resistance A has rejected any breakout attempt each and every time. Bitcoin is at the moment testing the latest Resistance A level and if broken, we will have the first long term bullish break out signal in months. The August-September price action looks like the January-February...

TheCryptagon

Just a reminder. Bitcoin's Halving is only 3 days away. Historically heavy chop trade took place before the Halving events. Only once (July 2016) did we see a new Low after the Halving. Chances are the correction will be over before the Halving. Do you really want to be holding shorts after that?? Follow us, like the idea and leave a comment below!!

TheCryptagon

Advanced Micro Devices / AMD hit the 1day MA100 after more than 5 months and the first long term buy signal is flashing. It has completed a -30.15% decline from the recent High, being a Higher High on a Channel Up of almost 2 years. The last correction from June to October 2023 was exactly -30.15%. Exploit a double entry strategy with the first buy here on the...

TheCryptagon

The USDCAD pair is crossing over the 0.786 Fibonacci level of the long term range since October 2022. The last two times it did that break out, it turned into the most efficient sell opportunity. Last time to do so was on November 1st 2023. With the 1day RSI also deep into the overbought region, we turn bearish. Sell and target 1.3300 (0.236 Fib, it has been...

TheCryptagon

Solana / SOLUSD touched the 1day MA50 yesterday for the first time since February 24th. That happens to be exactly on the long term dashed Channel Up. If its holds the 1day MA50, buy and target 400.00. If the 1day MA50 breaks, we expect a slightly lower bottom like on January 23rd. On that occasion, buy when the 1day RSI hits its Support A Zone and target...

TheCryptagon

Tesla / TSLA has made a Double Bottom on Friday and today is making a run for the 1day MA50. This is an important level as since January 9th (3 months) it has been the Resistance and hasn't been broken. But can this Double Bottom for Tesla be a 'META bottom', like the one the social media giant had in November 2022? Both fractals formed Lower Highs under a...

TheCryptagon

On this chart you see Bitcoin run against the DXY, which is the U.S. Dollar Index. On every single Bull Cycle, when the DXY forms a Channel Down, BTC rallies on its Cycle most aggressive part. The DXY is currently getting rejected on a Lower High, being inside a Channel Down since September 2022. This shows that we are again on that part of the Cycle when BTC...

TheCryptagon

The EURUSD pair got rejected today exactly on the 1day MA100, touching it for the first time since March 21st. That took place very close to the Falling Resistance of the Bearish Megaphone pattern, which adds more selling pressure on it. The ssell signal will be confirmed once the 4hour RSI crosses under its MA trend line. Sell and target 1.07230 (top of...

TheCryptagon

The S&P500 index / US500 hit the top of the Channel Up that started in August 2022. If the 1week RSU crosses under its MA trend line, we will have a sell confirmation, much like July 31st 2023 and February 20th 2023. The minimum decline has been -6.06%. Another one of this magnitude, conveniently tests the 0.382 Fibonacci level of the Channel Up and more...