TheCryptagon

TheCryptagon

Dow Jones / US30 is trading inside a Channel Up pattern since September. The index is on the latest bearish wave at the moment, having been rejected at the top of the Channel Up. The 1day RSI just crossed under the MA trendline, which on 3 out of 4 occasions in the last 4 months, was a bearish signal. The previous 2 bearish waves of the 3 month Channel Up...

TheCryptagon

Coinbase / COIN has formed an Inverted Head and Shoulders pattern, bottoming at 274.30. The bullish signal is confirmed as the price not only crossed over the Falling Resistance of the downtrend that started yesterday, but also above the 5minute MA50. The standard target of such pattern is the 2.0 Fibonacci extension. Buy and target 306.00. Previous chart: ...

TheCryptagon

Gold / XAUUSD is trading inside a Channel Down pattern for the whole month of November. Right now it is on the latest bearish wave, the 4th so far. The 1hour RSI is also following the same sequence as the previous bearish waves. The last two have dropped by a minimum of -3.40%. Sell and target at least 2550. Previous chart: Follow us, like the idea and...

TheCryptagon

Bitcoin / BTCUSD is only at the very start of an insane rally, coming off hot from the U.S. elections. The Bear Cycle into the Bull Cycle was a Cup and Handle pattern, which has now transitioned fully into a Channel Up that is being supported by the 1week MA50. As long as it holds, the Channel Up should remain intact and as in December 2022, we are now at the...

TheCryptagon

WTI Crude Oil / USOIL is pulling back on the 4hour chart, approaching the Support A level. This level is where the last two rallies started on Oil. The 4hour RSI being oversold as now, has coincided with 3 out of 5 major rallies since September 10th, so it is always a desirable level to buy. Go long and target 78.00 near Resistance A. Follow us, like the...

TheCryptagon

EURUSD is under heavy selling pressure since the elections result. Still, today's 1day candle is the 3rd in a row that doesn't cross Support A. As you can see the pair displays an uncanny symmetry, having respected all symmetrical Resistance and Support levels since the Double Top of September 25th. This is a buy signal that is aiming at 1.09000 (June 4th...

TheCryptagon

Gold / XAUUSD hit today the 1day MA50 for the first time since August 5th 2024. This isn't just a 3 month test of the rising supporting trend line but also a test of the bottom of the 5 month Channel Up. The 1day RSI hit and is rebounding on its own 5 month Buy Zone. This is a textbook buy signal on very low risk (Channel Up bottom limit). Buy and target 2840...

TheCryptagon

This is of course a highly speculative but fun chart between Bitcoin / BTCUSD and Nikkei. As you can see Bitcoin has been following Nikkei's post 1950 parabolic curve up to the point that it tested the 1month MA50 and rebounded aggressively to cross above the curve. That was Nikkei's 80s Mania Phase that inflated the economic Bubble that burst emphatically and...

TheCryptagon

USDCAD is about to hit the 2 year Resistance of the October 13th 2022 High. The price is on its highest level since and with the 1D MACD having formed a Bearish Cross, we are on the ideal sell entry. Sell and target the 0.618 Fibonacci level at 1.34250. Previous chart: Follow us, like the idea and leave a comment below!!

TheCryptagon

The crypto total market cap excluding the top 10 dominance just entered the bottom zone of the 7 year Channel Up. After a symmetric -60% correction during the 2022 bear cycle, similar to 2018, this is now the time for the last 1 year rally. This will be the Altseason of 2025, stronger than the one in 2024. We expect the price to reach as high as the 1.5...

TheCryptagon

Bitcoin / BTCUSD made a bullish breakout over the Falling Resistance on the 1hour time frame. The break out's pull back tested the 1hour MA50 and is rebounding. This is a bullish signal that is technically targeting the 2.0 Fibonacci extension at 72000. Follow us, like the idea and leave a comment below!!

TheCryptagon

On this chart you can see the Volatility Index against the S&P500 and the Copper/Gold ratio. We bring this chart to you in order to show you why we think the long term trend on the stock market will be bullish for 2025. As you can see, VIX had an odd spike in August, when the stock market corrected to some degree. Since the 2008 crisis, we have had similar...

TheCryptagon

GBPJPY is trading inside a 1hour Channel Up. The price is currently between the 1hour MA50 and MA200, consolidating after the most recent Higher Low on October 31st. This is a technical buy opportunity directed towards the top of the Channel Up. The last two bottom rallies rose by +3.15%. Buy and target 201.000 (+3.15%). Follow us, like the idea and leave a...

TheCryptagon

GBPUSD is trading inside a Bearish Megaphone for the past 30 trading days. The price may now be supported by the 1hour MA50 but has formed the bearish formation it had on all prior tops under the Falling Resistance. The 1hour RSI has formed a similar topping pattern. As a result, this is a standard sell signal for the Bearish Megaphone. All declines reached...

TheCryptagon

Nasdaq / US100 is trading inside a monthly Channel Up. Despite getting rejected today on the 1hour MA50, the Higher Low at the bottom of the Channel Up has been priced in. This is a good buy opportunity. Target 20350 (the 0.618 Fibonacci level). Previous chart: Follow us, like the idea and leave a comment below!!

TheCryptagon

Meta Platforms / META is pulling back again to test the 1day MA50, which has been holding since September 11th. The pattern is quite similar to the January 2nd 2024 pull back, a bullish break out that also took place after a prolonged consolidation pattern. The 1week RSI patterns between the two are also fairly similar. As long as the 1day MA50 holds, we expect...

TheCryptagon

Coinbase / COIN reported today earnings that missed their estimates (EPS at 0.28 against 0.45 and Revenue at 1.2B against 1.25B) and dropped more than -5% in after hours trading. This is the second seccessive earnings miss for the company. Despite yet another misfire, we believe the exchange can recovery from it, purely from a technical standpoint. Since the...

TheCryptagon

Dow Jones / US30 is trading inside a Channel Up since late August. The price is about to enter the buy zone of the pattern. The previous bearish leg made a -3.81% correction before it bottomed and initiated the bullish leg to the 1.618 Fibonacci extension. We expect a strong rebound from the current prices, so buy and target 44100 (just under the 1.618 Fib). ...