TheCryptagon

TheCryptagon

Wemix / WEMIXUSD is having the strongest 1week candle since September 18th when it crossed over the 1week MA50 and turned it to Support (closed all candles over it). It has already hit the 0.5 Fibonacci level of the Bear Cycle while crossing over the Falling Resistance, the final Resistance. This puts the crypto into the new Bull Cycle without any doubts and the...

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Gold / XAUUSD is about to form a Bearish Cross on the 1day RSI. All previous 1day RSI Bearish Cross formations in the last 12 months have either pulled back near the 0.382 or 0.618 Fibonacci levels. With the market showing clear signs of exhaustion from the overbought valuation that is caused by the Israel-Palestine war, we have most likely seen the short term...

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Russell 2000 / RUT closed the 3rd green day after hitting the Support A Zone that is holding since June 16th 2022. This is turning into a major long term buy signal and will be validated when tomorrow the 1day MACD forms the lowest Bullish Cross since March. Technically the bullish break out happens after the price crosses over the 1day MA50, but on a broader...

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Dow Jones / US30 reached our desired buy level based on our last idea (chart at the bottom), which is exactly at the bottom of the 11 month Channel Up. It kept the 1week MA200 intact once again (has been since October 2022), so that maintains the long term trend bullish. The shorter pattern is a Bearish Megaphone and as mentioned previously, our target is for...

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Meta Platforms, Inc. / META got rejected last time exactly where we wanted to (see chart at the bottom of the analysis) and hit the bottom of the Triangle pattern, which is where we wanted to buy. The price broke today over the 1day MA50, which was the pivot level inside the Channel Up pattern. Based on the previous rebound, this is the start of the new bullish...

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Amazon / AMZN had a huge price leap after yesterday's earnings release and already crossed over the top of the Falling Wedge pattern. This is the main pattern despite the fact that a Channel Down potentially exists as the Wedge's Lower High was priced/ rejected on the 1day MA50. Equally important is the fact that yesterday the price fall stopped a little over...

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Nasdaq / US100 is trading inside a Channel Down since the July 19th high. Today the price not only touched the bottom of that Channel but is about to test the 1day MA200 for the first time in more than 7 months. As the 1day RSI is on the same level as the Channel's previous two Lows, this is technically the best buy opportunity on a quarterly basis. Buy and...

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Tesla / TSLA is trading inside the very same Channel Down pattern that led to the April 27th low. Currently the stock is in the process of a similar bottom formation (dotted Channel Down), which besides April 27th was seen on January 6th. Common feature on all those bottoms was that the 1day RSI was oversold under the 30.00 level. Consequently we regard this...

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Eli Lilly / LLY stopped its short term decline yesterday a little over the 1day MA50. The green 1day candle signals the start of the new bullish phase inside this double Channel Up. The 1day RSI is on a similar pattern as August 3rd. Assuming a declining rate of growth on each Higher High, buy and target 670 (+30% from the recent bottom). Follow us, like the...

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We gave a strong buy signal on HEXUSD 20 days ago following an RSI bullish divergence, whose activation was when the 1day MA50 broke. It quickly hit target 1 (0.006650) and almost even completed target 2 (0.01250). The 1day RSI hasn't been that overbought in 3 years (since November 1st 2020). The uptrend isn't finished so you still have time to target the next...

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The AUDCAD pair is trading inside a Channel Down for the whole year. Today it hit the 1day MA100 for the first time in 3 months. After March 24th, all 1day MA100 tests have ended with huge price rejections. The lowest bearish sequence has been -3.14% and the highest -4.68%. Sell now and target 0.8515 (-3.14% decline). Previous chart: Follow us, like the...

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Well Bitcoin / BTCUSD did it again and shorters are left stumbled. Using the 1W MA50 as Support, it made a new 17 month high, reaching May 2022 levels. Inside the long term Channel Up however, the price remains between the 0 - 0.236 Fibonacci range, which is the long term Buy Zone, indicating its huge bullish potential. The 1week RSI hit 70.00 and if it...

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The S&P500 / US500 hit this week the 1week MA50 after 7 months. This is a major Support level, considering that it also made contact with the Rising Support of the 2022 market bottom. Also the 1week RSI hit the 12 month Support. As long as the 1week candles close over this, buy and target 4610 (annual High). This may be achieved before the end of the year since...

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WTI Crude Oil hit the Falling Support, the 3rd time making contact with and turns into a short term buy. Target 89.75 (Resistance A at 89.80). The medium term pattern is a Channel Up so id the Falling Support fails, take the small loss and wait for the bottom of the Channel Up to breaks. Sell and target 79.00 (1week MA50). A bearish reversal is quite probable at...

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Gold / XAUUSD is trading inside a Channel Up since the October 6th Low and the start of this fast and strong rise. It has been having symmetric pull backs of -1.25% to -1.70% and appears to have completed the latest. As lng as the 1964 Low holds, buy and target 2020 (+2.95% rise, same as the last two). If it crosses under 1964, sell and target 1940 (1day...

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Dow Jones may be trading inside a long term Channel Up but the medium term pattern is a Bearish Megaphone. The last Bottom of the Channel Up was closer to the 1week MA200, this time the MA level is even closer, a strong candidate for a bottom. The previous correction leg made a -10.15% extension, a new one of this size meets almost perfectly the bottom of the...

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Nasdaq / US100 is trading inside a Falling Wedge, currently on the 3rd bearish leg of the pattern. Be ready to buy when the 1day RSI touches 34.20 (Support A) and target 15100 (Falling Resistance). The Sine Waves show an amazing symmetry between bullish and bearish legs. Previous chart: Follow us, like the idea and leave a comment below!!

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The EURCAD pair crossed over the 1day MA50 yesterday for the first time in 6 weeks and today is closing over it. This is a bullish extension signal towards at least the Falling Resistance. Every bullish sequence in 2023 following a 1day MA50 break out has made at least a +4.21% rise. Buy now and target 1.46800 (Falling Resistance). Follow us, like the idea...