Bonk (BONKUSD) just formed a Golden Cross on the 1D time-frame and having broken above its current ATH Resistance (March 04 High), it is expected to rise parabolically from here. To back this up, that is exactly what took place after the previous 1D Golden Cross a year ago (November 08 2023), when again the price broke above Resistance 1 and turned parabolic to...
The EURJPY pair has been trading within a Channel Up pattern since the September 16 Low. Yesterday it made a Higher Low on the 1D MA50 (blue trend-line) and rebounded. This is identical to the post December 07 2023 Channel Up, which was also supported by its 1D MA50 until its very top (July 11 2024). The 1D RSI sequences between the two fractals are also similar...
The GBPJPY pair is forming today a Golden Cross on the 1D time-frame, the first such pattern in exactly 19 months (April 21 2023). Naturally this is a huge bullish signal alone, as technically the Golden Cross calls for upside action. But more specifically for this pair's price action, it indicates the high probability of an immediate aggressive push as the...
Dow Jones (DJI) found Support yesterday exactly on its 4H MA200 (red trend-line), after just a brief break of the 0.5 Fibonacci retracement level. The dominant pattern has been a Channel Up since the August 05 Low and within it, every 0.5 Fib test from the previous Low, has been the most effective buy entry as it started the new Bullish Leg. The technical...
Nasdaq (NDX) hit this month our 20900 long-term Target, a level we called 3 months ago (August 12, see chart below): As you can see, the index has been trading within a 2-year Channel Up and with the use of the Fibonacci Channel levels, we can determine on which phase of the Cycle we are. Right now we are on the stage where the price has been rejected near...
WTI Oil (USOIL) stopped yesterday's rebound on the 4H MA50 (blue trend-line) and is now on a small pull-back. Technically that is the Resistance level it needs to break if it wants to break-out aggressively towards the long-term Resistance Zone. There are high probabilities of doing so, as the 4H RSI formed Higher Lows, which is a Bullish Divergence against the...
Following Bitcoin's (BTCUSD) new All Time High in the aftermath of the U.S. elections, we've established on previous posts that we've entered the final year (12 months) of this Bull Cycle. This is clearly visible by the use of the Sine Waves as shown on this 1W chart. ** Pi Cycle ** The new aspect we're bringing to you today is the Pi Cycle indicator, which has...
Last time we looked at Cardano (ADAUSD) was on September 24 (see chart below), when we called for the strongest buy signal in a year: It couldn't have been more timely as we went from a 0.3690 price to 0.8200, a +120% rise. This High is also testing the March 14 2024 High, currently Resistance 2. The market just formed a 1D Golden Cross and last time it had...
Broadcom Inc. (AVGO) hit its 1D MA100 (green trend-line) on Friday for the first time in more than 2 months (since September 11). This is the best buy opportunity since then as the dominant pattern remains the Bullish Megaphone. On top of that, it appears that we are currently within a Bull Flag, similar to the one that was completed when the 1D MA100 was hit and...
The S&P500 index (SPX) reached on Friday the 0.5 Fibonacci retracement level, a technical correction that started after the price made a Higher High at the top of the 2-month Channel Up. The 1D MA50 (blue trend-line) has been tested (and held) already on the day of the U.S. elections, so now we are technically still on the new Bullish Leg of the pattern. As you...
The EURUSD pair eventually fulfilled all of our bearish signals since the September top, with the most recent one (November 11, see chart below) successfully hitting our 1.05300 Target: We are now shifting to a long-term bullish sentiment after a long time, as the price finally reached the 1.05185 - 1.04500 Support Zone, which is holding for almost 2 years...
Gold (XAUUSD) eventually broke below the 1D MA50 (blue trend-line) last week and our bearish break-out signal easily hit the 2650 Target: As you can see that was exactly on the 1D MA100 (green trend-line), what we claimed is the first long-term Support level. In fact that 1D MA100 test was the first touch in 9 months (since February 15 2024). Technically, as...
XRP (XRPUSD) is having this week the strongest 1W candle since July 10 2023. The long-term pattern is a 6-year Triangle (since January 01 2018) and with the weekly rise, it is about to test its top (Lower Highs trend-line). The 1W MA50 (blue trend-line) is supporting this uptrend, which is technically the Cycle's Parabolic Rally. In 1W RSI terms, the current...
Tesla (TSLA) fulfilled our August 15 buy signal (see chart below) as after the minor pull-back we expected, it rose aggressively on its new Bullish Leg of the 2-year Channel Up and came close to a new Higher High: The correction of the past 4 days may be one last great short-term buy opportunity as it hit yesterday the former Resistance Zone of July 2022. If...
The NZDUSD pair gave us a solid sell signal on our last idea (September 04, see chart below) as it respected the 1-year Rectangle pattern, stayed within its Resistance and Support levels and easily hit our 0.6000 Target: The price hit yesterday the top of the 1-year Support Zone (0.58500) and is reacting today positively with the first green 1D candle in 6...
The GBPUSD pair couldn't have given us a better sell signal last time we looked into it (October 09, see chart below) as it broke first below the 1D MA50 (blue trend-line) then the Bullish Megaphone and is very close to our 1.2550 Target: We are approaching the stage where selling becomes far riskier than buying as the pair is approaching the 0.786 Fibonacci...
Bitcoin (BTCUSD) has had an enormous bullish break-out to new All Time Highs (ATH) following last week's U.S. elections. The past 2 days have seen this massive rally turn sideways and as always a certain part of market participants have started calling for big corrections or even bear markets. Once again we will let simple charting show why this sideways price...
MOG Coin (MOGUSD) has been trading within a Falling Wedge pattern and for the 2nd time in a week broke yesterday above its top (Lower Highs trend-line). This rebound is taking place after the 1D MA50 (blue trend-line) held. The whole sequence is identical to the Falling Wedge where the price accumulated before the February 2024 rally. As you can see even their 1D...