JohnnyPurtoy98

JohnnyPurtoy98 Updated 

The price seems to be repeating itself, it looks like the price is forming a pattern which has already been played out before not very long ago. We could see that this pattern starts with an initial bearish push (overbought RSI), then the price bounce off the support level of the channel (oversold RSI), bearish retracement takes place after the bullish push from...

JohnnyPurtoy98

The price seems to have broken out the falling wedge, it looks like the price has managed to gain a small amount of momentum over the past few days. This is good news for this pair as if the price is able to hold this level and bounce off the broken resistance level we could see a massive bullish push. We would need a better signal before placing trades on this...

JohnnyPurtoy98

The price seems to be moving up in a bullish channel, the price has moved down towards the support level of the channel, there is also a support level that will be touched at the same time as the support level of the channel, this means the price is very unlikely to be able to break this support level and move lower. I believe the price would move down to the...

JohnnyPurtoy98 Updated 

It seems like an Elliott wave has started to form on this pair, the initial motive waves have been formed and the first corrective wave has also formed, this means now the price should retrace a little higher, after this we should see the price fall once again creating the (C) corrective wave. It is likely that this (C) wave would make the price move down to this...

JohnnyPurtoy98

A head and shoulders graph has formed, it looks like the head has been formed perfectly on a strong support level, this pair is very likely to rise in value. The price is currently moving in a range near the neckline, if the price is able to break this neckline, it is very likely that we could see massive bullish gains over the coming weeks. The RSI is in a good...

JohnnyPurtoy98 Updated 

The price looks unlikely to break this wedge, this has been confirmed by the strong doji which had appeared on the 4h graph as the price touched the resistance level of the wedge. The price formed a doji and has started to move down, the RSI was also at an overbought level as the price tested the resistance level. The price is currently retracing and the RSI is...

JohnnyPurtoy98

The previous breakout was successful as the price bounced and moved to a multi-month low. Now as we could see the price has reached another support level, it looks like the price is getting ready to make some bullish gains. To confirm it is at a support level the RSI is also at an oversold level, meaning the price is looking much more likely to make bullish gains....

JohnnyPurtoy98

It looks like the price has successfully broken out the bullish channel which had formed over the week. The price managed to breakout the channel, it then moved back and tested the broken support, which acted as a level of resistance as the price bounced down. Now the price has moved further down, it retraced and I believe the price is going to once again make...

JohnnyPurtoy98

The price seems to have gained enough momentum to break out the resistance level of the falling wedge. This is great as the price has managed to breakout and looks like it has started retracing back, I believe the price is going to retest the previously broken resistance. If this acts as a level of support and the price is able to bounce, we will see bullish gains...

JohnnyPurtoy98

The price seems to have broken out the resistance level of this bearish channel. The price is currently forming a bullish channel as it breaks out the channel. The price is touching the resistance level of the bullish channel and looks like it may move down from here, this has also been confirmed by the high RSI value. I believe the price would move down from...

JohnnyPurtoy98

It looks like the price has formed a double bottom, the RSI has hit the oversold level and the price looks like it may be getting ready to start moving up from here. I think the price would move up from this level towards the resistance level of the channel. This bottom may even trigger the price to move further and breakout the resistance level of the channel,...

JohnnyPurtoy98

An evening star has formed right on the resistance level of the triangle. This is a strong bearish sign, especially when paired with the overextended RSI. It looks like this pair is in a perfect position to place a short trade. I believe the price would be moving down towards the support level of the triangle. I will be updating this post over the coming days.

JohnnyPurtoy98

A retracement is looking very likely, the head and shoulders was successful as the price rallied over the past couple of days. The price looks like it has started to lose momentum, it is looking more and more likely that bitcoin may retrace at this point as the RSI is very overextended. I believe the price from here would move down to the previously broken...

JohnnyPurtoy98

The price has failed to move above the previous high and has now moved back down, the price has managed to just about break the channel and move below the support level. A morning star has appeared just outside the channel, this may be a signal that the price is going to move back into the channel and this breakout will fade, if the price bounces at this point...

JohnnyPurtoy98

A channel has formed inside a much bigger channel, this smaller channel has slightly broken outside the bigger channel, I do not believe this is yet a successful breakout. The RSI is currently at an overbought level as the price has just broken out the channel and the price is touching the resistance level of the smaller channel. I think the price would move down,...

JohnnyPurtoy98

The price of ripple has tested the support level two times now over the last couple of weeks, the support level has managed to hold up and not break. The price is starting to become very narrow as the price is getting closer and closer to breaking out. The price looks like it is being squeezed at the moment as is soon going to gain momentum and volatility as it...

JohnnyPurtoy98 Updated 

It looks like the inverted head and shoulders pattern is still forming, if this pattern is able to fully form it is very likely the price of bitcoin would start to rise and we could see the price test the resistance level of the triangle (A). We will have to wait and see if the price reaches the low of the previous shoulder and is able to bounce, if the price...

JohnnyPurtoy98 Updated 

The price is being pressured into a breakout. The price has reached a very strong support level and has also been stuck in a bearish wedge, this is looking very likely to break out the top of the wedge as the RSI is at an oversold level and the price has just tested this strong support level. The price is looking very likely to start moving up from here, once the...