TheCryptagon

TheCryptagon

Bitcon / BTCUSD is following a systemic rise since the September 11th 2023 low. The first Leg since September 2023 rose by +97.65%. The second after a correction under the 1day MA50, rose by +91.57%. The correction was -21.08% and got close to the 0.382 Fibonacci retracement level. If the current pull back ends up also correcting on the 0.382 Fib by -21.08%...

TheCryptagon

GBPJPY is trading inside a Bullish Megaphone. Every time the 1day MA50 broke downwards, the pattern gave a sell signal with the minimum decline on the Bearish Wave being -4.17%. If the price does break under the 1day MA50, sell and target 185.500. The 1day RSI is already on a Bearish Divergence. Previous chart: Follow us, like the idea and leave a...

TheCryptagon

USDJPY has reached but yet failed to cross over Resistance A (151.950) since last Wednesday. The prevailing pattern is a Channel Up so wait until a 1day candle closes over Resistance A and buy the break out. Target 155.500, which would be a symmetric bullish wave as the first one of this Channel Up. Previous chart: Follow us, like the idea and leave a...

TheCryptagon

WTI Crude Oil has been on Lower Highs even since the rejection on the Rising Resistance of the Megaphone pattern. As suggested by the previous Bearish Waves, this is a sell signal, with the 4hour RSI following a similar pattern. Sell and target 79.75 (-3.33%, symmetrical Bearish Wave), which is where the 4hour MA200 is expected to offer support. Previous...

TheCryptagon

Gold has been rejected at the top of the 6 month Channel Up. A similar rise in magnitude (+11%) took place on the first bullish leg of this Channel Up and then pulled back to the 1day MA50 and hit the 0.382 Fibonacci level. The 1day RSI is already on a Bearish Divergence. Sell and target 2115 (0.382 Fib) for the short term. Previous chart: Follow us,...

TheCryptagon

Bitcoin / BTCUSD pulled back today and tested the bottom of the Channel Up pattern that has been trading in since the start of February. The first test was successful and the pattern held, so this maintains the bullish trend. It may very well extend the rise up until the mid April Halving as based on the 1day RSI fractals, we may be replicating the October -...

TheCryptagon

Tesla / TSLA hit the Falling Support today, which is the bottom of the Bearish Megaphone started after the July 19th 2023 High. On top of that, the 1day RSI turned oversold, entering the Support Zone that has priced all 4 bottoms and buy opportunities since the April 27th 2023 Low. That Low was at 152.40, marginally under the current price. As you realize, this...

TheCryptagon

WTI Crude Oil is close to making a 3rd contact on the Falling Resistance, which last time ended in a 4hour MA200 test. Along with the Rising Support, this pattern resembles December-January, which later broke upwards to a new High. Until it does, sell and target the 1day MA200 again at 77.50. Follow us, like the idea and leave a comment below!!

TheCryptagon

EURUSD is getting rejected on the 0.618 Fibonacci retracement level of the 14 month consolidation range for 4 straight sessions. This is bearish enough on its own, but it is also the symmetrical level where the price got rejected on June 22nd 2023 to marginally under the 0.5 Fib. The 1day RSI patterns between then and now are very similar. Sell and target...

TheCryptagon

S&P500 / US500 is approaching the top of a Fibonacci Channel Up that goes back all the way to August 2022. The 1day MA50 has been in firm support since November 3rd 2023 but as the 1day RSI is squeezed inside a Triangle pattern, a break out is inevitable. This is technically more likely to be to the downside due to this overbought multi month momentum near the...

TheCryptagon

Gold started trading inside a Channel Up following the September 28th 2022 bottom. As you can see, the Higher Low since October 6th 2023 follows a similar structure to the one that started on November 3rd 2022. This shows that the current bullish wave isn't over and should instead settle at around 2280 (+15.45% rise). After that we may see a healthy pull back...

TheCryptagon

Dow Jones / US30 has hit the top of its Channel Up. Once the 1day MA50 breaks (has been in support since November 2nd 2023), we will have a sell validation. In addition, the 1day RSI is on the strongest Bearish Divergence since February 2020 and the start of the COVID crash. Sell than and target 36700 the 0.382 Fibonacci level from the top. Follow us, like...

TheCryptagon

Nasdaq / US100 is near the top of its 14 month Channel Up. As you can see, the patterns between the only two bullish legs of the Channel Up are similar and when the July 19th 2023 top was formed, the index fell on its first bearish wave by -8.75% on its 0.236 Fibonacci level. Sell now and target 17350 (0.236 Fibonacci) and if it closes a 1W candle under it,...

TheCryptagon

THORChain / RUNEUSD is about to form a Bullish Cross on the 1W MACD. The previous Bullish Cross saw the price grow by +911.54%. Another such rebound targets $40.00, that should be your medium term target. Long term, if the price goes for a full repeat of the 2019-2021 run, we may even see $800 as the Cycle Top but don't keep the majority of your coins until...

TheCryptagon

Natural Gas / NG has been trading inside an 18 year Channel Down pattern. It has been below both the 1M MA50 and MA200 since January 2023, as it entered into the 2nd phase of the Bearish Wave. Last week it hit the Falling Support Zone as well as the horizontal Support Zone, which is in effect since December 2015. The 1M RSI touched its own Rising Support. We...

TheCryptagon

Google / GOOG hit today the 1day MA200 for the first time in 11 months (since March 30th 2023). That makes it a strong technical buy opportunity, also taking into consideration that it did so near the bottom of the 14 month Channel Up. This is so far a -14.50% decline from the Channel's top, which is the pull-back that the previous bearish wave did. Buy and...

TheCryptagon

Gold / XAUUSD has had the strongest 1D green candle today since December 13 2023 and is approaching the top of the 3 month Channel Up. That is a sell opportunity especially with the 1D RSI entering the overbought region. That has formed the Highs of October 27th and December 1st 2023, which declined by -4.03% and -4.93% respectively. The maximum decline inside...

TheCryptagon

Nasdaq / US100 is pulling back after a Double Top formation at 16970. The 1day RSI is already inside a Channel Down, much like the patterns of the July 19th 2023 and February 03 2023 Tops. They both declined by -9.00% on average. Sell and target 15850, which is slightly over the bottom of the Rising Wedge (Rising Support) - 1day MA200 - 0.5 Fibonacci Support...