TheCryptagon

TheCryptagon

Ordinals / ORDIUSD is trading on a parabolic curve supported by the 1day MA50. Its first bullish leg gave a +90% rally. The second delivered an impressive +468%. As long as the parabola holds, buy and target the psycological level of $100 (+468%). Previous chart: Follow us, like the idea and leave a comment below!!

TheCryptagon

The U.S. Dollar Index / DXY crossed today over the Falling Resistance of November's downtrend at the same time the 1day RSI broke above its own Falling Resistance. This is a bullish signal at least on the short term, but the Bullish Cross on the 1day MACD certainly is one for the longer term. The long term pattern is a Channel Up but the short term is limited to...

TheCryptagon

Dow Jones / US30 made a new High on its November rally today. This is all part of the bullish sequence from the bottom to the top of the 1 year Channel Up pattern. The last blow off top rally that formed the July 27th High completed a +6.30% rise from the moment it tested and held the 1day MA50. That would now be at 35960, above both Resistance A and B...

TheCryptagon

Nasdaq / US100 is trading inside a Megaphone pattern and has just hit its top. A similar Megaphone in late 2022 - early 2023 got rejected on a proportional (to today's) top, followed by a 1day MACD Bearish Cross, which pulled the price back to the 1day MA50. We are about to form a 1day MACD Bearish Cross on that exact same level. Sell now and target the 1day...

TheCryptagon

Tesla / TSLA is on a Channel Up trade since the start of the year. Now that we are approaching its end, the price is trading around the 1day MA50 and within the 0.236 - 0.382 Fibonacci range. This is the final consolidation before the final phase of the bullish wave begins. Based on the 1day MACD's identical structure from January until May, we are on the...

TheCryptagon

EURUSD has been rising continuously since the October 3rd Low, a bottom on an Ascending Triangle pattern after which we gave a buy signal. The price action is now completing a topping pattern identical to July 18th and April 26th as it trades above the Falling Resistance with the 1day MACD near a Bearish Cross and its histogram sideways. Sell and target 1.07850,...

TheCryptagon

Gold / XAUUSD delivered earlier this month (chart at the bottom) an excellent sell opportunity that emphatically hit our 1935 target. This week the price rose back to the October 27th High, which is the obvious Resistance. As long as the 1day candles close under the Resistance, we will treat them as a Double Top formation, hence a sell opportunity. On top of...

TheCryptagon

WTI Crude Oil / USOIL is trading inside a Channel Down for almost 2 months. The recent Lower Low on its bottom is so far replicating the previous one on October 6th. Today's sudden decline made a symmetric pull-back as on October 12th. This is the final short term buy opportunity before the price approaches the top of the Channel and the 4hour MA200. A...

TheCryptagon

Natural Gas/ NG is trading inside a Bullish Megaphone and the price is now on the corrective wave after the latest Higher High. Support A at 2.860 is the first line of defense and with the price this much under the 1day MA50, the most optimal buy entry technically within the Megaphone (observe the circles). Buy now and target 3.600 (Resistance A). Sell if the...

TheCryptagon

Silver / XAGUSD got rejected on Friday at the top of the 6 month Channel Down. Today it is supported by the 1day MA200, which was the Resistance in late September-October. If crossed, we will have a sell confirmation. The typical decline inside the Channel Down has been within -12.12% and -13.21%. Also we spotted a fractal during July-October 2022, which is so...

TheCryptagon

The S&P500 index / US500 has been on the strongest 2 week rise since October 2022, which was at the very start of the Fibonacci Channel Up you see on this chart. The index has established the 1day MA50 as the new long term Support and may test it soon if we expect it follow a similar course as the October-November 2022 rally, which made a short term pull back...

TheCryptagon

Tesla / TSLA is on a non-stop rise since the October 31st bottom. Today it crossed over the 1day MA50. The biggest obstacle lies on the Falling Resistance itself which rejected the price the last two times. The Resistance becomes even stronger as it is exactly on the 0.786 Fibonacci level, which was the rejection point on September 15th of the previous rise...

TheCryptagon

Dow Jones / US30 spent all week above the 1day MA50, in fact Friday's rebound took place exactly on it (Support A at 33850). This is potentially an Inverse Head and Shoulders pattern and with the 1day RSI at 60.00 and over its MA, it draws comparisons with the June 15th pattern, which peaked at +6.08%. That pattern has same measurements as the current Inverse...

TheCryptagon

Nasdaq had a great run hitting our 15000 target after we called a buy on the exact bottom on Oct 26th (chart link in the end). Now the price broke over the 4 month Channel Down, which on the greater scale turns out to be just a long Bull Flag, and is aiming at Resistance A and B. In fact based on the fact that the current rally started when the 1day RSI bounced...

TheCryptagon

EURUSD is trading inside a Bullish Megaphone pattern. The price is on the corrective wave towards the patterns bottom (Rising Support), currently supported by the 4hour MA50. The minimum decline after a top has been -1.37%, which gives a first entry around the 1day MA50. The maximum has been -1.65%, which gives an entry on the 4hour MA200. Essentially we have a...

TheCryptagon

CADJPY it at the top of a short term Falling Wedge pattern inside a larger Channel Up. The 1day MACD just formed a Bullish Cross. Every time the price has been on the 1day MA50 while the MACD formed a Bullish Cross, the pair traded inside a similar Falling Wedge pattern. A break out followed with the price hitting at least the previous High (Resistance A). Buy...

TheCryptagon

The S&P500 index / US500 broke and closed over the 1day MA50 on Friday, for the first time in almost 2 months. Even though it is a major long term bullish development, we see a short term sell opportunity as the 1day RSI is reversing, signalling a loss of strength on the 5 day rally. The long term pattern remains a Bearish Megaphone, so such minor technical...

TheCryptagon

Dow Jones / US30 crossed on Friday over the 1day MA50 for the first time since September 15. It hit Resistance A (34150) which was the October 17th High and completed so far 5 green days in a row almost at the top of the Bearish Megaphone. The long term pattern is a Channel Up, so there is still considerable upside left. The 1day RSI also crossed over its...