XRP/BTC is in a critical spot right now, that could either confirm long term reversal or potentially endanger the year-long low.
In the last two months XRP has broken up from a descending channel (indicated by the red arrow), a pennant (indicated by blue arrow) while forming another major pennant in the process (green line).
A break up from the green line would...
Some interesting trendlines in the daily chart.
Basic TA, it will go up or down and either way I get to say I told you.
Buy @ support
Sell @ resistance
DGB/BTC Daily Chart appears to be breaking out of a descending channel.
1st. Target at 232 (previous support).
2nd target: 300+, top of descending channel
This would potentially complete a 18-pennant in the making.
Channel breakout with sufficient volume confirms long position. SL @ -3% penetration of channel support after breakout.
