JohnnyPurtoy98

JohnnyPurtoy98

An ascending channel has formed, and the support line of the channel seems to be holding very well, every time the support line is tested the RSI touches an oversold level. We have now seen the support be tested for the third time, followed by 3 bullish candles (could be considered a three white soldier pattern). This shows that the price is about to change...

JohnnyPurtoy98

The price looks like it is still stuck in the channel and is unable to breakout, the price has tested the resistance level over the last couple of days, but it was unsuccessful in doing so. The price has now showed negative signs with the RSI being below 50, meaning it is in a great position to move further down. I believe that this pair is going to be moving down...

JohnnyPurtoy98

This pair seems to be stuck in a bearish channel over the last few months. This pair has not been as volatile and is lacking momentum, compared to what we have seen previously. This is mainly due to Brexit negotiations and both the UK and the EU having a lot of negative media associated around them. It is likely that as we get closer to the Brexit date we could...

JohnnyPurtoy98

The head and shoulders pattern looks like it would form once again. We have saw a double bottom form at the support level and the price has broken the neckline of the double bottom and looks like the price is now retesting the broken neckline, if this broken resistance now acts as a support level its a great position to enter a long trade. If the price starts to...

JohnnyPurtoy98

The patterns has seems to be repeating again, we saw this rising wedge happen before a massive bearish move before. We are once again seeing the same pattern happening, this could mean that we might see another massive drop in price. This is not good for Ethereum as the price is getting lower and lower, the price is also getting very close to a critical support...

JohnnyPurtoy98

The price has finally broken out this triangle! It looks like the price has taken the option of breaking out then returning back to the broken resistance and then bouncing. The price from here looks to be very bullish, the RSI has positioned itself in a better position to see further bullish moves. Everything at the moment seems to be pointing towards a bullish...

JohnnyPurtoy98

It looks like this pair is going to be bullish over the coming weeks, this is because the support has once again held and the price is slowly making its way out the support zone. The price seems to have lost a lot of momentum and volatility, this is not the best as the price seems to be consolidating and there are still chances for the price to return and test the...

JohnnyPurtoy98

We have saw something like what is currently happening before. I think that the price may do the same thing again, if the price does then we could see the price of this pair go as low as 1.1659. This would be a massive drop and a great opportunity for everyone, we would have to wait and see for the price to first break out the channel, if it breaks out the bottom...

JohnnyPurtoy98

The price has just touched the resistance level of the channel and we could see a massive bearish candle follow the touch of the resistance level, this is not solely because of the resistance is strong. This bearish candle has happened due to the UK parliament losing some of the main cabinet members over a disagreement about Brexit. These ministers did not agree...

JohnnyPurtoy98

A bearish engulfing candle has formed as the price moves closer to the resistance level of this bearish channel. It looks like to me that the price of this pair is going to be negative over the next few days. I think the price would move down from here towards the support level of the channel, we have seen a shooting star form as well, which makes this signal much...

JohnnyPurtoy98

The previous support which broke looks like it now acting as a support level. This could be more bad news for LTC after a very rough last few months. The price is starting to look very bearish from here as a small double top has started to form and now the price is currently at the neckline. I will keep everyone updated on this pair over the coming weeks.

JohnnyPurtoy98

The price has been looking very bullish over the last couple of days as the resistance level of the triangle is starting to be seriously tested, a triangle like this usually breaks out the bottom but a break out the top is looking very likely. If the price is able to break this resistance level we could see highs of around 150.03. The price may break the triangle...

JohnnyPurtoy98

The price is currently touching a previous resistance level, which is likely to act as a level of support now. If this zone does act as a level of support we could see the price once again test, hopefully we could even see the price break out this bullish channel and could see significant bullish gains. If this support level is unable to hold we could see the...

JohnnyPurtoy98

As predicted in my last post bitcoin has not been successful breaking the support level which has been standing since last year. The price of bitcoin had managed to bounce and looks like now it is on its way up, the way the price has rejected the support may suggest we see further rises in this pair over the coming weeks. This would mainly depend on news as there...

JohnnyPurtoy98

A bearish evening star has appeared, this shows signs of bearish moves coming. The price is currently around halfway through the channel and if the price pushes down from here we could see another retest of the support level of the channel, maybe even a breakout the bottom of the channel. I would keep everyone updated on this pair but this is a signal that the...

JohnnyPurtoy98

There is a very clear strong bullish push after a doji formed on the support line of the triangle, the price has moved a significant amount pushing the price from the support of the triangle to the resistance level of the triangle. This could be a signal that the price is getting ready to break out the top of the triangle after a massive increase in momentum could...

JohnnyPurtoy98

A symmetrical triangle has started to form in the price of this pair, the price is just moving inside the triangle and has shown no signs of breaking out. The triangle has started to become very narrow meaning we could see a breakout very soon and the price has started to become very volatile recently as the triangle gets more and more narrow. I would wait for a...

JohnnyPurtoy98

The price has broken out the bottom (support level) of the descending triangle, this has given a massive signal for further bearish moves to be taking place, cryptocurrencies are no longer being hyped up as much as they used to causing the currencies to lose momentum, I believe that these currencies would be falling for a while yet, but I do believe these...