JohnnyPurtoy98

JohnnyPurtoy98

Ethereum seems to be testing this strong support level, the price has started to become very volatile as the triangles are becoming more and more narrow. The RSI is moving down towards an oversold level meaning the RSI might be supporting a brief correction period. The price seems to have gained bearish momentum over the last couple of days after a very bad few...

JohnnyPurtoy98

There are clear bullish signals that bitcoin may move up in price temporarily, the price seems to have tested the support level, which has been in place over the last few months, and was unsuccessful breaking below it. The RSI is currently in an oversold area and may be signalling that the price has not gained enough momentum yet to be able to push the price back...

JohnnyPurtoy98

The price is currently at a critical support level and is getting ready to test it once again, this would be the third time testing this support level. If the price is able to break this level and move below we could see massive bearish moves as an increase in bearish momentum would skyrocket. If the price bounces here we would see that the price has rejected this...

JohnnyPurtoy98

The price seems to have formed a bullish channel, it looks like the price is currently moving in an upward direction and looks like it will keep doing so until it has at least tested this previous support level that could be seen around 111.31. After this point it is very likely that the price would become volatile and it would look more likely to break out the...

JohnnyPurtoy98

The breakout the channel has finally taken place, but it is not looking very convincing, it looks like the price may have made a retracement to a previous resistance level which may now be acting as a level of support. The price has pushed up to this level and has formed a doji, which means that the price has started to lose momentum. I believe the price is going...

JohnnyPurtoy98

It looks like the price has managed to breakout the ascending triangle over the last couple of trading days. This is a significant move outside the triangle and shows that the resistance level has been broken, as predicted in an earlier post, either the price would breakout and keep rising or the price would make its way back and bounce (the RSI is supporting the...

JohnnyPurtoy98

Bitcoin seems to be currently testing a strong support level which has been holding for months. It is a crucial time for bitcoin because if this support level breaks we may see massive drops in the price of bitcoin, the RSI is currently showing an oversold signal meaning it is in favour of bitcoin going up. It may not be that simple as bitcoin has dropped due to...

JohnnyPurtoy98 Updated 

The head and shoulders graph that seems to be forming on the USDJPY pair is still very possible and if the price is unable to break through this resistance level and it moves towards the neckline, we could see the price fall as low as 105.490, but if on the other hand the price is able to break this resistance level we could see prices move as high as 111.410. I...

JohnnyPurtoy98 Updated 

The price is once again testing the resistance level of this ascending triangle. The price has been unsuccessful so far on breaking this level but as the triangle becomes more and more narrow the price may soon have to make a move. The RSI is currently in a great position for a bullish push, I believe the price would break out the resistance and them make its way...

JohnnyPurtoy98

The head and shoulders graph still looks possible, but do not guarantee anything as the fundamentals are no in favour of a head and shoulders. The UK are currently struggling to negotiate with the EU on Brexit and because of this struggle the pound does not have a positive outlook. If Brexit talks become more clear over the coming days then we could see this head...

JohnnyPurtoy98

The price seems to have broken out of the symmetrical triangle and the price looks to be retracing (most likely for a retest of the broken resistance level). This is interesting because the price has formed a bullish channel and once the price bounces of this new support could move up to around 0.7070. I will keep everyone updated on my findings over the comings days.

JohnnyPurtoy98

The price seems to be still stuck in a bearish flag, I had to update the channel and upload again as the price moved slightly outside but is still in the flag. This means that this price is currently retracing and could see future bear movements. Talks are not going very well over Brexit, as the government cannot stick together and unite as we move through a time...

JohnnyPurtoy98

As predicted bitcoin had managed to hold for a while and then couldn't handle the price it was at and a massive drop could be seen over the last day or two. There are some significant drops that have taken place over the last few days, this means that the price looks to be overextended (as can be seen by the RSI value), this could mean that the price may be...

JohnnyPurtoy98

The price seems to have reached a resistance level and has many times been defeated by it, the price has fallen many times after testing this resistance level. The price has been in a ascending triangle over the last few weeks and looks like it is going to be testing the resistance level once again, an ascending triangle is very likely to break out the top through...

JohnnyPurtoy98

The price still seems to be stuck in the bearish channel showing no real signs of breaking out, the RSI is in a neutral position and the price is moving between the support and resistance level. I would keep everyone updated on the following pair over the coming days.

JohnnyPurtoy98

The price is currently trading within a rising wedge, it is very likely that the price would breakout the support of this rising wedge. The RSI is in a position that supports a downward move and if the price does start to move down from here the next major support is at around $364. I would keep everyone updated on my findings on this pair.

JohnnyPurtoy98

The price has started to rise as it broke the previous channel, this does indicate the price has gained some extra needed momentum. It is not certain yet on the direction of this pair, we could see a small retracement before the price continues to move downwards. I will keep everyone up-to-date and post if I see any signals on the future direction of this pair.

JohnnyPurtoy98

The rising wedge has broke, the price has managed to breakout the support level of the rising wedge pointing at further moves down. The price may take a break and retrace slightly before continuing bearish. I believe the price could fall as far as $6,600 then it will reach a strong support level. I would keep everyone updated on my findings with cryptocurrencies.